COFACE SA (COFA.PA)
FR0010667147 - Common Stock
Taking everything into account, COFA scores 6 out of 10 in our fundamental rating. COFA was compared to 29 industry peers in the Insurance industry. While COFA belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. COFA is valued quite cheap, but it does not seem to be growing. Finally COFA also has an excellent dividend rating. These ratings could make COFA a good candidate for value and dividend investing.
1. Profitability
1.1 Basic Checks
In the past year COFA was profitable.
In the past year COFA had a positive cash flow from operations.
In the past 5 years COFA has always been profitable.
COFA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.87%, COFA belongs to the top of the industry, outperforming 92.86% of the companies in the same industry.
The Return On Equity of COFA (19.13%) is better than 78.57% of its industry peers.
The Return On Invested Capital of COFA (5.64%) is better than 96.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.87% | ||
| ROE | 19.13% | ||
| ROIC | 5.64% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
COFA has a better Profit Margin (15.20%) than 85.71% of its industry peers.
In the last couple of years the Profit Margin of COFA has grown nicely.
COFA has a better Operating Margin (22.77%) than 89.29% of its industry peers.
COFA's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.77% | ||
| PM (TTM) | 15.2% | ||
| GM | N/A |
OM growth 3Y17.13%
OM growth 5Y3.62%
PM growth 3Y23.63%
PM growth 5Y7%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
COFA has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
COFA has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
Based on the Altman-Z score of 1.43, we must say that COFA is in the distress zone and has some risk of bankruptcy.
COFA's Altman-Z score of 1.43 is amongst the best of the industry. COFA outperforms 96.43% of its industry peers.
The Debt to FCF ratio of COFA is 10.42, which is on the high side as it means it would take COFA, 10.42 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 10.42, COFA is doing worse than 60.71% of the companies in the same industry.
A Debt/Equity ratio of 1.64 is on the high side and indicates that COFA has dependencies on debt financing.
COFA has a Debt to Equity ratio of 1.64. This is amonst the worse of the industry: COFA underperforms 89.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.64 | ||
| Debt/FCF | 10.42 | ||
| Altman-Z | 1.43 |
ROIC/WACC1.09
WACC5.16%
2.3 Liquidity
COFA has a Current Ratio of 8.83. This indicates that COFA is financially healthy and has no problem in meeting its short term obligations.
COFA has a Current ratio of 8.83. This is amongst the best in the industry. COFA outperforms 96.43% of its industry peers.
COFA has a Quick Ratio of 8.83. This indicates that COFA is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 8.83, COFA belongs to the best of the industry, outperforming 96.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 8.83 | ||
| Quick Ratio | 8.83 |
3. Growth
3.1 Past
COFA shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -0.42%.
Measured over the past years, COFA shows a quite strong growth in Earnings Per Share. The EPS has been growing by 15.36% on average per year.
COFA shows a decrease in Revenue. In the last year, the revenue decreased by -0.89%.
The Revenue has been growing slightly by 6.99% on average over the past years.
EPS 1Y (TTM)-0.42%
EPS 3Y43.16%
EPS 5Y15.36%
EPS Q2Q%6.46%
Revenue 1Y (TTM)-0.89%
Revenue growth 3Y15.36%
Revenue growth 5Y6.99%
Sales Q2Q%0.39%
3.2 Future
The Earnings Per Share is expected to decrease by -0.96% on average over the next years.
Based on estimates for the next years, COFA will show a small growth in Revenue. The Revenue will grow by 3.95% on average per year.
EPS Next Y10.54%
EPS Next 2Y1.97%
EPS Next 3Y2.47%
EPS Next 5Y-0.96%
Revenue Next Year2.71%
Revenue Next 2Y3.78%
Revenue Next 3Y3.95%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 5.49, the valuation of COFA can be described as very cheap.
COFA's Price/Earnings ratio is rather cheap when compared to the industry. COFA is cheaper than 100.00% of the companies in the same industry.
COFA's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.35.
COFA is valuated reasonably with a Price/Forward Earnings ratio of 8.65.
60.71% of the companies in the same industry are more expensive than COFA, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of COFA to the average of the S&P500 Index (23.86), we can say COFA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.49 | ||
| Fwd PE | 8.65 |
4.2 Price Multiples
75.00% of the companies in the same industry are more expensive than COFA, based on the Enterprise Value to EBITDA ratio.
71.43% of the companies in the same industry are more expensive than COFA, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.79 | ||
| EV/EBITDA | 8.09 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of COFA may justify a higher PE ratio.
PEG (NY)0.52
PEG (5Y)0.36
EPS Next 2Y1.97%
EPS Next 3Y2.47%
5. Dividend
5.1 Amount
COFA has a Yearly Dividend Yield of 9.20%, which is a nice return.
COFA's Dividend Yield is rather good when compared to the industry average which is at 5.23. COFA pays more dividend than 100.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.30, COFA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.2% |
5.2 History
On average, the dividend of COFA grows each year by 25.65%, which is quite nice.
Dividend Growth(5Y)25.65%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
50.70% of the earnings are spent on dividend by COFA. This is a bit on the high side, but may be sustainable.
COFA's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP50.7%
EPS Next 2Y1.97%
EPS Next 3Y2.47%
COFACE SA
EPA:COFA (12/30/2024, 5:29:15 PM)
14.28
+0.08 (+0.56%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners54.73%
Inst Owner ChangeN/A
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap2.14B
Analysts81.82
Price Target16.79 (17.58%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.2% |
Dividend Growth(5Y)25.65%
DP50.7%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)2.11%
PT rev (3m)8.29%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)3.37%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.49 | ||
| Fwd PE | 8.65 | ||
| P/S | 0.85 | ||
| P/FCF | 6.79 | ||
| P/OCF | 6.25 | ||
| P/B | 1.07 | ||
| P/tB | 1.21 | ||
| EV/EBITDA | 8.09 |
EPS(TTM)2.6
EY18.21%
EPS(NY)1.65
Fwd EY11.56%
FCF(TTM)2.1
FCFY14.73%
OCF(TTM)2.29
OCFY16%
SpS16.79
BVpS13.34
TBVpS11.76
PEG (NY)0.52
PEG (5Y)0.36
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.87% | ||
| ROE | 19.13% | ||
| ROCE | 7.67% | ||
| ROIC | 5.64% | ||
| ROICexc | 6% | ||
| ROICexgc | 6.55% | ||
| OM | 22.77% | ||
| PM (TTM) | 15.2% | ||
| GM | N/A | ||
| FCFM | 12.53% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y17.13%
OM growth 5Y3.62%
PM growth 3Y23.63%
PM growth 5Y7%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.32
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.64 | ||
| Debt/FCF | 10.42 | ||
| Debt/EBITDA | 5.35 | ||
| Cap/Depr | 65.77% | ||
| Cap/Sales | 1.08% | ||
| Interest Coverage | 18.04 | ||
| Cash Conversion | 55.75% | ||
| Profit Quality | 82.44% | ||
| Current Ratio | 8.83 | ||
| Quick Ratio | 8.83 | ||
| Altman-Z | 1.43 |
F-Score5
WACC5.16%
ROIC/WACC1.09
Cap/Depr(3y)68.24%
Cap/Depr(5y)64.81%
Cap/Sales(3y)1.58%
Cap/Sales(5y)1.77%
Profit Quality(3y)132.49%
Profit Quality(5y)150.02%
High Growth Momentum
Growth
EPS 1Y (TTM)-0.42%
EPS 3Y43.16%
EPS 5Y15.36%
EPS Q2Q%6.46%
EPS Next Y10.54%
EPS Next 2Y1.97%
EPS Next 3Y2.47%
EPS Next 5Y-0.96%
Revenue 1Y (TTM)-0.89%
Revenue growth 3Y15.36%
Revenue growth 5Y6.99%
Sales Q2Q%0.39%
Revenue Next Year2.71%
Revenue Next 2Y3.78%
Revenue Next 3Y3.95%
Revenue Next 5YN/A
EBIT growth 1Y-6.19%
EBIT growth 3Y35.12%
EBIT growth 5Y10.87%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-41.17%
FCF growth 3Y18.77%
FCF growth 5Y20.86%
OCF growth 1Y-38.84%
OCF growth 3Y14.83%
OCF growth 5Y18.72%