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Dexia

ENXTBR:DEXB
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DEXB
ENXTBR
€206M
Market Cap
  1. Home
  2. BE
  3. Banks
Company description

Dexia SA does not have significant operations. The last earnings update was 84 days ago. More info.


Add to Portfolio Compare Print
  • Dexia has significant price volatility in the past 3 months.
DEXB Share Price and Events
7 Day Returns
32.3%
ENXTBR:DEXB
-2.3%
Europe Banks
-1%
BE Market
1 Year Returns
-87.9%
ENXTBR:DEXB
-5.6%
Europe Banks
7.1%
BE Market
DEXB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Dexia (DEXB) 32.3% -70.2% -85.4% -87.9% -96.3% -98.2%
Europe Banks -2.3% -0.3% 9.6% -5.6% -8.9% -33.8%
BE Market -1% 0.6% -3.1% 7.1% -5.8% 0.2%
1 Year Return vs Industry and Market
  • DEXB underperformed the Banks industry which returned -5.6% over the past year.
  • DEXB underperformed the Market in Belgium which returned 7.1% over the past year.
Price Volatility
DEXB
Industry
5yr Volatility vs Market

Value

 Is Dexia undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Dexia. This is due to cash flow or dividend data being unavailable. The share price is €0.491.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Dexia's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Dexia's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTBR:DEXB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €-1.18
ENXTBR:DEXB Share Price ** ENXTBR (2019-11-29) in EUR €0.49
Europe Banks Industry PE Ratio Median Figure of 200 Publicly-Listed Banks Companies 8.99x
Belgium Market PE Ratio Median Figure of 89 Publicly-Listed Companies 16.96x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Dexia.

ENXTBR:DEXB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTBR:DEXB Share Price ÷ EPS (both in EUR)

= 0.49 ÷ -1.18

-0.42x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dexia is loss making, we can't compare its value to the Europe Banks industry average.
  • Dexia is loss making, we can't compare the value of its earnings to the Belgium market.
Price based on expected Growth
Does Dexia's expected growth come at a high price?
Raw Data
ENXTBR:DEXB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Banks Industry PEG Ratio Median Figure of 124 Publicly-Listed Banks Companies 0.68x
Belgium Market PEG Ratio Median Figure of 40 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Dexia, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Dexia's assets?
Raw Data
ENXTBR:DEXB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €17.15
ENXTBR:DEXB Share Price * ENXTBR (2019-11-29) in EUR €0.49
Europe Banks Industry PB Ratio Median Figure of 208 Publicly-Listed Banks Companies 0.66x
Belgium Market PB Ratio Median Figure of 113 Publicly-Listed Companies 1.51x
ENXTBR:DEXB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTBR:DEXB Share Price ÷ Book Value per Share (both in EUR)

= 0.49 ÷ 17.15

0.03x

* Primary Listing of Dexia.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dexia is good value based on assets compared to the Europe Banks industry average.
X
Value checks
We assess Dexia's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Dexia has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Dexia expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Dexia has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.6%
Expected Banks industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dexia expected to grow at an attractive rate?
  • Unable to compare Dexia's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Dexia's earnings growth to the Belgium market average as no estimate data is available.
  • Unable to compare Dexia's revenue growth to the Belgium market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ENXTBR:DEXB Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Banks Industry Earnings Growth Rate Market Cap Weighted Average 7.6%
Europe Banks Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
Belgium Market Earnings Growth Rate Market Cap Weighted Average 7.8%
Belgium Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTBR:DEXB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTBR:DEXB Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 -151 -2,816 -496
2019-03-31 -111 -1,732 -496
2018-12-31 -70 -647 -496
2018-06-30 -293 184 -631
2018-03-31 -204 3,355 -563
2018-01-01 -114 6,525 -494
2017-06-30 767 6,486 264
2017-03-31 757 3,205 300
2016-12-31 746 -76 336

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Dexia is high growth as no earnings estimate data is available.
  • Unable to determine if Dexia is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTBR:DEXB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Dexia Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTBR:DEXB Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 -1.18
2019-03-31 -1.18
2018-12-31 -1.18
2018-06-30 -2.65
2018-03-31 -4.20
2018-01-01 -16.70
2017-06-30 135.39
2017-03-31 153.90
2016-12-31 172.43

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Dexia will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of DEXB’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Dexia's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Banks companies here
  3. Dexia's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Dexia's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Dexia has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Dexia performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Dexia's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Dexia does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Dexia's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Dexia's 1-year growth to the Europe Banks industry average as it is not currently profitable.
Earnings and Revenue History
Dexia's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Dexia Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTBR:DEXB Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 -151.00 -496.00 44.00
2019-03-31 -110.50 -496.00 41.50
2018-12-31 -70.00 -496.00 39.00
2018-06-30 -293.00 -631.00 40.00
2018-03-31 -203.50 -562.50 39.00
2018-01-01 -114.00 -494.00 38.00
2017-06-30 767.00 264.00 34.00
2017-03-31 756.50 300.00 34.50
2016-12-31 746.00 336.00 35.00
2016-06-30 422.00 -50.00 34.00
2016-03-31 569.00 65.00 35.50
2015-12-31 716.00 180.00 37.00
2015-06-30 272.00 -273.00 42.00
2015-03-31 35.50 -483.00 43.00
2014-12-31 -201.00 -693.00 44.00
2014-09-30 -140.50 -651.00 48.50
2014-06-30 -80.00 -609.00 53.00
2014-03-31 -285.00 -786.50 54.50
2013-12-31 -490.00 -964.00 56.00
2013-09-30 -727.50 -1,186.00 -64.00
2013-06-30 -965.00 -1,408.00 -184.00
2013-03-31 -1,067.50 -1,555.50 -67.00
2012-12-31 -1,170.00 -1,703.00 50.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Dexia has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Dexia has efficiently used its assets last year compared to the Europe Banks industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Dexia improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Dexia's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Dexia has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Dexia's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Dexia's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Dexia Company Filings, last reported 5 months ago.

ENXTBR:DEXB Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 7,520.00 121,799.00 21,853.00
2019-03-31 7,520.00 121,799.00 21,853.00
2018-12-31 7,841.00 122,392.00 28,033.00
2018-06-30 7,793.00 158,446.00 32,019.00
2018-03-31 7,793.00 158,446.00 32,019.00
2018-01-01 8,121.00 157,938.00 45,582.00
2017-06-30 5,122.00 187,555.00 32,575.00
2017-03-31 5,122.00 187,555.00 32,575.00
2016-12-31 4,574.00 194,703.00 34,785.00
2016-06-30 3,444.00 223,769.00 35,384.00
2016-03-31 4,547.00 209,700.00 36,444.00
2015-12-31 4,547.00 209,700.00 36,444.00
2015-06-30 3,858.00 227,930.00 38,746.00
2015-03-31 3,128.00 227,505.00 40,549.00
2014-12-31 3,128.00 227,505.00 40,549.00
2014-09-30 3,128.00 227,505.00 40,549.00
2014-06-30 4,040.00 224,551.00 38,330.00
2014-03-31 3,959.00 202,872.00 28,515.00
2013-12-31 3,959.00 202,872.00 28,515.00
2013-09-30 3,959.00 202,872.00 28,515.00
2013-06-30 3,560.00 235,823.00 33,048.00
2013-03-31 3,560.00 235,823.00 33,048.00
2012-12-31 3,310.00 258,014.00 39,506.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Dexia has an acceptable proportion of non-loan assets held.
  • Dexia's liabilities are made up of primarily higher risk sources of funding.
  • Dexia has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).
  • Dexia's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Dexia has a low allowance for bad loans.
  • Dexia has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Dexia's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Dexia has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Dexia's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Dexia dividends.
If you bought €2,000 of Dexia shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Dexia's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Dexia's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTBR:DEXB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Banks Industry Average Dividend Yield Market Cap Weighted Average of 153 Stocks 6.1%
Belgium Market Average Dividend Yield Market Cap Weighted Average of 76 Stocks 3.5%
Belgium Minimum Threshold Dividend Yield 10th Percentile 1.1%
Belgium Bottom 25% Dividend Yield 25th Percentile 2.1%
Belgium Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTBR:DEXB Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2010-02-24 0.000 0.000
2009-11-13 0.000 0.000
2009-07-30 0.000 0.000
2009-05-13 0.000 0.000
2009-01-30 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Dexia has not reported any payouts.
  • Unable to verify if Dexia's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Dexia's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Dexia has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Dexia's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Dexia afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Dexia has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Dexia's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bart Bronselaer
COMPENSATION €73,500
AGE 52
TENURE AS CEO 0.1 years
CEO Bio

Mr. Bart Bronselaer serves as Interim Chief Executive Officer and ?Management Board Member of Dexia Crédit Local SA since November 2019. He serves as a Director of Dexia Crédit Local SA since March 19, 2013. He serves as Chief Executive Officer and Chairman of the Management Board of Dexia SA since November 2019 and its Executive Director since November 2019 and was its Independent Director since December 14, 2012 until November 2019. The major part of his career (1993-2003) was spent with Merrill Lynch International in London, where he held various positions, the last chronologically as Head of Debt Capital Markets for Europe, the Middle East and Africa. There he had the task of structuring and selling financial solutions to various clients, such as financial institutions, industrial companies and public bodies. In 2003, he became an independent expert in financial services. He was Chairman of the Board of Directors of Royal Park Investments SA/NV until December 2013. His other mandates and functions are Executive Director of Brier Business Development SPRL, Director of Dexia Crédit Local, of Alpha 11 Inc., Alpha 11 Europe, Right Brain Interface, Director of the private foundations: Gh. Piot et Le Bois Clair, Member of the Board of the non-profit-making associations: Katholiek Onderwijs Kessel-Lo and Abbaye d’Oignies and Independent Director of United Pensions OFP. Mr. Bronselaer holds a degree in industrial engineering (Group T - Louvain), as well as a Master’s Degree in information sciences (VUB) and a Master’s Degree in business administration (MBA – UC Louvain).

CEO Compensation
  • Bart's compensation has increased whilst company is loss making.
  • Bart's remuneration is lower than average for companies of similar size in Belgium.
Management Team Tenure

Average tenure and age of the Dexia management team in years:

2.9
Average Tenure
57.5
Average Age
  • The tenure for the Dexia management team is about average.
Management Team

Bart Bronselaer

TITLE
CEO, Chairman of Management Board & Executive Director
COMPENSATION
€74K
AGE
52
TENURE
0.1 yrs

Véronique Marie Hugues

TITLE
CFO, Member of Management Board & Executive Director
AGE
49
TENURE
3.4 yrs

Giovanni Albanese

TITLE
Chief Risk Officer
AGE
60
TENURE
1.2 yrs

Benoît Debroise

TITLE
Head of Funding & Markets and Member of the Management Board
COMPENSATION
€302K
AGE
59

Guy Cools

TITLE
Head of Assets & Member of the Management Board
AGE
56
TENURE
2.9 yrs

Patrick Renouvin

TITLE
COO & Member of Management Board
AGE
60
TENURE
0.6 yrs

Philippe Hesbert

TITLE
Project Manager (DFA & EMIR)

Françoise Lefebvre

TITLE
Head of External Communication Team

Prakash Advani

TITLE
Head of Group Strategy & Structuring
TENURE
2.9 yrs

Thierry Nederlandt

TITLE
Group Financial Controller
TENURE
5.8 yrs
Board of Directors Tenure

Average tenure and age of the Dexia board of directors in years:

3.6
Average Tenure
52
Average Age
  • The tenure for the Dexia board of directors is about average.
Board of Directors

Gilles Denoyel

TITLE
Independent Chairman of the Board
COMPENSATION
€156K
AGE
65
TENURE
1.6 yrs

Bart Bronselaer

TITLE
CEO, Chairman of Management Board & Executive Director
COMPENSATION
€74K
AGE
52
TENURE
7 yrs

Véronique Marie Hugues

TITLE
CFO, Member of Management Board & Executive Director
AGE
49
TENURE
3.4 yrs

Giovanni Albanese

TITLE
Chief Risk Officer
AGE
60
TENURE
1.2 yrs

Rembert Von Lowis

TITLE
Director of Financial Security Assurance (FSA) & Vice-chair of Supervisory Board-Dexia Crédit Local
COMPENSATION
€500K
AGE
65

Michel Tison

TITLE
Independent Director
COMPENSATION
€75K
AGE
52
TENURE
3.6 yrs

Alexandra Serizay

TITLE
Independent Director
COMPENSATION
€67K
AGE
42
TENURE
3.2 yrs

Koen Van Loo

TITLE
Non Executive Director
COMPENSATION
€61K
AGE
47
TENURE
11.2 yrs

Alexandre De Geest

TITLE
Non Executive Director
COMPENSATION
€69K
AGE
48
TENURE
7 yrs

Thierry Francq

TITLE
Non Executive Director
COMPENSATION
€61K
AGE
55
TENURE
6.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Dexia's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Dexia has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Here's What We Think About Dexia SA's (EBR:DEXB) CEO Pay

First, this article will compare CEO compensation with compensation at similar sized companies. … Devriendt's Compensation Compare With Similar Sized Companies. … The graphic below shows how CEO compensation at Dexia has changed from year to year.

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Easy Come, Easy Go: How Dexia (EBR:DEXB) Shareholders Got Unlucky And Saw 91% Of Their Cash Evaporate

Dexia SA (EBR:DEXB) shareholders should be happy to see the share price up 30% in the last month. … With zero revenue generated over twelve months, we don't think that Dexia has proved its business plan yet. … But with the share price diving 38% per year, over 5 years, it's probably fair to say that some shareholders no longer believe the company will succeed.

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Is Dexia SA (EBR:DEXB) Excessively Paying Its CEO?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … See our latest analysis for Dexia. … Devriendt's Compensation Compare With Similar Sized Companies?.

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Is Dexia SA (EBR:DEXB) Highly Illiquid?

The risk in investing in a small-cap business, accentuated by financial industry regulations, makes small-cap financial stocks like Dexia SA (EBR:DEXB) a complicated investment. … DEXB operates in the financial services industry in BE with a market capitalisation of €1.6b. … After the Financial Crisis in 2008, a set of reforms called Basel III was created with the purpose of strengthening regulation, risk management and supervision in the banking sector.

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What You Should Know About Dexia SA’s (EBR:DEXB) Risks

As a small cap company operating in a heavily regulated financial services sector, an investment in Dexia SA (EBR:DEXB) has many factors to consider. … Since bad debt is written off as an expense, it impacts Dexia’s bottom line and shareholders’ value. … I will take you through some useful measures of bad debt and liabilities in order to properly analyse Dexia’s risk level before you invest in the stock.

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Should You Worry About Dexia SA's (EBR:DEXB) CEO Pay Check?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … Devriendt's Compensation Compare With Similar Sized Companies. … When we examined a selection of companies with market caps ranging from €876m to €2.8b, we found the median CEO compensation was €739k?

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Should You Be Worried About Dexia SA’s (EBR:DEXB) Liquidity?

After the Financial Crisis in 2008, a set of reforms called Basel III was created with the purpose of strengthening regulation, risk management and supervision in the banking sector. … These reforms target banking regulation and aims to improve the banking sector’s ability to absorb shocks arising from economic stress which could expose financial institutions to vulnerabilities. … A bank’s financial position may rapidly deteriorate in an adverse macro event such as political instability which is why it is crucial to understand how well it manages its risks.

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What You Must Know About Dexia SA's (EBR:DEXB) Market Risks

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … DEXB's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … How DEXB's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

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Why Dexia SA (EBR:DEXB) May Be Riskier Than You Think

I will take you through some useful measures of bad debt and liabilities in order to properly analyse Dexia’s risk level before you invest in the stock. … If it writes off more than 100% of the bad debt it provisioned for, then it has inadequately estimated the factors that may have added to a higher bad loan level which begs the question – does Dexia understand its own risk? … Dexia’s total deposit level is 3.86% of its total liabilities which is extremely below the sensible level of 50% for financial institutions.

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Should You Be Tempted To Buy Dexia SA (EBR:DEXB) Because Of Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for DEXB Price per share = €8.92 Earnings per share = €135.454 ∴ Price-Earnings Ratio = €8.92 ÷ €135.454 = 0.1x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … DEXB’s P/E of 0.1x is lower than its industry peers (15.2x), which implies that each dollar of DEXB’s earnings is being undervalued by investors. … For example, if you are inadvertently comparing lower risk firms with DEXB, then DEXB’s P/E would naturally be lower than its peers, since investors would value those with lower risk with a higher price.

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Company Info

Description

Dexia SA does not have significant operations. Previously, the company provided banking and other financial services to governments and local authorities in approximately 30 countries. It focuses on managing its residual assets in run-off. Dexia SA was incorporated in 1996 and is based in Brussels, Belgium.

Details
Name: Dexia SA
DEXB
Exchange: ENXTBR
Founded: 1996
€206,285,887
420,134,190
Website: http://www.dexia.com
Address: Dexia SA
Bastion Tower,
Place du Champ de Mars, 5,
Brussels,
Brussels, 1050,
Belgium
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTBR DEXB Bearer Shares Euronext Brussels BE EUR 21. Nov 1996
DB DXBA Bearer Shares Deutsche Boerse AG DE EUR 21. Nov 1996
LSE 0REX Bearer Shares London Stock Exchange GB EUR 21. Nov 1996
BATS-CHIXE DEXBB Bearer Shares BATS 'Chi-X Europe' GB EUR 21. Nov 1996
OTCPK DXBG.Y ADR NEW Pink Sheets LLC US USD 16. Oct 2008
Number of employees
Current staff
Staff numbers
738
Dexia employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/03 20:58
End of day share price update: 2019/11/29 00:00
Last earnings filing: 2019/09/10
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.