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Dassault Aviation

DB:DAU
Snowflake Description

Solid track record with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DAU
DB
€10B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Dassault Aviation SA engages in the aeronautical business in France and internationally. The last earnings update was 38 days ago. More info.


Add to Portfolio Compare Print
DAU Share Price and Events
7 Day Returns
-0.2%
DB:DAU
0.8%
Europe Aerospace & Defense
2.5%
DE Market
1 Year Returns
-13.3%
DB:DAU
11.7%
Europe Aerospace & Defense
2.6%
DE Market
DAU Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Dassault Aviation (DAU) -0.2% -8.9% 4.6% -13.3% 25.9% -
Europe Aerospace & Defense 0.8% -2.9% 0.9% 11.7% 67.1% 114.9%
DE Market 2.5% 0.2% 1% 2.6% 7.8% 23.7%
1 Year Return vs Industry and Market
  • DAU underperformed the Aerospace & Defense industry which returned 11.7% over the past year.
  • DAU underperformed the Market in Germany which returned 2.6% over the past year.
Price Volatility
DAU
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Dassault Aviation 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
Here we compare the current share price of Dassault Aviation to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Dassault Aviation.

DB:DAU Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in EUR € 23.7585628125
Payout Ratio Company Filings (2019-06-30) 2336.2%
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:DAU
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.864 (1 + (1- 33%) (11.24%))
1.033
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.033 * 6.65%)
7.1%

Discounted Cash Flow Calculation for DB:DAU using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Dassault Aviation is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:DAU Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €23.76 / (7.1% - 0.23%)
€341.91
DB:DAU Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:DAU represents 0.99433x of ENXTPA:AM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99433x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 345.82 x 0.99433
€343.86
Value per share (EUR) From above. €343.86
Current discount Discount to share price of €1,227.00
= -1 x (€1,227.00 - €343.86) / €343.86
-256.8%

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

  • The current share price of Dassault Aviation is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Dassault Aviation's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Dassault Aviation's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:DAU PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €84.42
ENXTPA:AM Share Price ** ENXTPA (2019-10-11) in EUR €1234
Europe Aerospace & Defense Industry PE Ratio Median Figure of 36 Publicly-Listed Aerospace & Defense Companies 21.4x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

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

** Primary Listing of Dassault Aviation.

DB:DAU PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:AM Share Price ÷ EPS (both in EUR)

= 1234 ÷ 84.42

14.62x

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

  • Dassault Aviation is good value based on earnings compared to the Europe Aerospace & Defense industry average.
  • Dassault Aviation is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Dassault Aviation's expected growth come at a high price?
Raw Data
DB:DAU PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
6.6%per year
Europe Aerospace & Defense Industry PEG Ratio Median Figure of 26 Publicly-Listed Aerospace & Defense Companies 1.59x
Germany Market PEG Ratio Median Figure of 264 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:DAU PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.62x ÷ 6.6%

2.22x

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

  • Dassault Aviation is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Dassault Aviation's assets?
Raw Data
DB:DAU PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €491.17
ENXTPA:AM Share Price * ENXTPA (2019-10-11) in EUR €1234
Europe Aerospace & Defense Industry PB Ratio Median Figure of 49 Publicly-Listed Aerospace & Defense Companies 1.96x
Germany Market PB Ratio Median Figure of 597 Publicly-Listed Companies 1.74x
DB:DAU PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:AM Share Price ÷ Book Value per Share (both in EUR)

= 1234 ÷ 491.17

2.51x

* Primary Listing of Dassault Aviation.

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

  • Dassault Aviation is overvalued based on assets compared to the Europe Aerospace & Defense industry average.
X
Value checks
We assess Dassault Aviation'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 Aerospace & Defense 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 Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. Dassault Aviation has a total score of 2/6, 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 Dassault Aviation expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

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
6.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dassault Aviation expected to grow at an attractive rate?
  • Dassault Aviation's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Dassault Aviation's earnings growth is positive but not above the Germany market average.
  • Dassault Aviation's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:DAU Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:DAU Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 6.6%
DB:DAU Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts -3.4%
Europe Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 14.2%
Europe Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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
DB:DAU Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:DAU Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 6,101 -206 814 4
2021-12-31 6,347 408 760 8
2020-12-31 6,189 -1 666 10
2019-12-31 6,911 -193 654 8
2019-10-12
DB:DAU Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 6,493 95 702
2019-03-31 5,806 674 637
2018-12-31 5,119 1,253 573
2018-09-30 4,828 1,385 485
2018-06-30 4,536 1,517 398
2018-03-31 4,719 1,516 514
2018-01-01 4,901 1,515 630
2017-09-30 4,473 1,638 586
2017-06-30 4,090 1,761 498
2017-03-31 3,878 1,374 438
2016-12-31 3,666 988 379
2016-09-30 3,918 924 446

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Dassault Aviation's earnings are expected to grow by 6.6% yearly, however this is not considered high growth (20% yearly).
  • Dassault Aviation's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
DB:DAU Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Dassault Aviation Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DAU Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 91.48 107.05 72.58 4.00
2020-12-31 80.04 94.41 69.13 7.00
2019-12-31 78.67 84.22 68.18 7.00
2019-10-12
DB:DAU Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 84.42
2019-03-31 76.75
2018-12-31 69.06
2018-09-30 58.58
2018-06-30 48.08
2018-03-31 62.22
2018-01-01 76.42
2017-09-30 71.27
2017-06-30 60.59
2017-03-31 52.67
2016-12-31 44.95
2016-09-30 52.08

*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.
  • Dassault Aviation is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Dassault Aviation'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.
Dassault Aviation has a total score of 1/6, 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 Dassault Aviation 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 Dassault Aviation's growth in the last year to its industry (Aerospace & Defense).
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.
  • Dassault Aviation has delivered over 20% year on year earnings growth in the past 5 years.
  • Dassault Aviation's 1-year earnings growth exceeds its 5-year average (76.4% vs 20.6%)
  • Dassault Aviation's earnings growth has exceeded the Europe Aerospace & Defense industry average in the past year (76.4% vs 16.4%).
Earnings and Revenue History
Dassault Aviation'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 Dassault Aviation Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DAU 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 6,493.20 701.74 1,238.05
2019-03-31 5,806.21 637.24 1,221.49
2018-12-31 5,119.22 572.74 1,204.93
2018-09-30 4,827.63 485.29 1,172.09
2018-06-30 4,536.05 397.85 1,139.26
2018-03-31 4,718.63 513.94 1,141.15
2018-01-01 4,901.21 630.04 1,143.04
2017-09-30 4,472.80 586.41 1,158.76
2017-06-30 4,089.73 497.55 1,174.49
2017-03-31 3,877.67 438.29 1,174.59
2016-12-31 3,665.60 379.03 1,174.69
2016-09-30 3,917.97 445.64 1,178.40
2016-06-30 4,170.34 512.25 1,182.11
2016-03-31 4,176.83 326.85 1,174.96
2015-12-31 4,183.32 141.46 1,167.80
2015-09-30 4,012.39 39.45 1,143.72
2015-06-30 3,841.46 -62.56 1,119.65
2015-03-31 3,760.92 110.14 1,090.38
2014-12-31 3,680.38 282.84 1,061.12
2014-09-30 3,980.60 410.26 1,052.88
2014-06-30 4,280.83 537.68 1,044.65
2014-03-31 4,436.93 498.55 1,061.95
2013-12-31 4,593.03 459.42 1,079.25
2013-09-30 4,217.94 454.49 1,092.65
2013-06-30 3,842.85 449.56 1,106.06
2013-03-31 3,894.17 475.77 1,091.71
2012-12-31 3,945.49 501.98 1,077.35

*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.
  • Dassault Aviation has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Dassault Aviation used its assets more efficiently than the Europe Aerospace & Defense industry average last year based on Return on Assets.
  • Dassault Aviation has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Dassault Aviation'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 Aerospace & Defense 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.
Dassault Aviation has a total score of 5/6, 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 Dassault Aviation's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Dassault Aviation's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Dassault Aviation is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Dassault Aviation's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Dassault Aviation'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 13.8x debt.
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 Dassault Aviation Company Filings, last reported 3 months ago.

DB:DAU Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 4,083.78 970.62 5,724.56
2019-03-31 4,083.78 970.62 5,724.56
2018-12-31 4,276.59 995.46 6,202.11
2018-09-30 4,276.59 995.46 6,202.11
2018-06-30 3,818.95 1,052.35 6,075.05
2018-03-31 3,818.95 1,052.35 6,075.05
2018-01-01 3,720.71 1,102.54 5,216.33
2017-09-30 3,907.71 1,102.54 2,061.42
2017-06-30 3,612.62 1,160.22 1,930.56
2017-03-31 3,612.62 1,160.22 1,930.56
2016-12-31 3,317.36 1,193.11 1,252.87
2016-09-30 3,317.36 1,193.11 1,252.87
2016-06-30 3,253.62 1,191.69 1,181.80
2016-03-31 3,253.62 1,191.69 1,181.80
2015-12-31 3,770.92 1,213.13 946.41
2015-09-30 3,770.92 1,213.13 946.41
2015-06-30 3,511.66 1,217.00 774.56
2015-03-31 3,511.66 1,217.00 774.56
2014-12-31 4,102.61 984.76 708.42
2014-09-30 4,102.61 984.76 708.42
2014-06-30 5,178.23 395.66 740.09
2014-03-31 5,178.23 395.66 740.09
2013-12-31 5,095.52 268.18 983.23
2013-09-30 5,112.09 268.18 983.23
2013-06-30 4,791.90 311.95 930.12
2013-03-31 4,791.90 311.95 930.12
2012-12-31 4,747.51 321.78 950.42
  • Dassault Aviation's level of debt (23.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (7.8% vs 23.8% today).
  • Debt is not well covered by operating cash flow (9.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.7x coverage).
X
Financial health checks
We assess Dassault Aviation'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. Dassault Aviation has a total score of 4/6, 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 Dassault Aviation'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
1.72%
Current annual income from Dassault Aviation dividends. Estimated to be 1.93% next year.
If you bought €2,000 of Dassault Aviation shares you are expected to receive €34 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?
  • Dassault Aviation's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Dassault Aviation's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
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
DB:DAU 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 10 Analyst Estimates (S&P Global) See Below
Europe Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 1.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:DAU Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 25.75 3.00
2021-12-31 25.83 8.00
2020-12-31 22.93 11.00
2019-12-31 22.42 10.00
2019-10-12
DB:DAU Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-28 21.200 1.665
2018-03-08 15.300 1.031
2017-05-29 12.100 0.922
2016-03-10 12.100 1.164
2015-03-11 10.000 0.896
2014-03-13 8.900 0.846
2013-03-14 9.300 1.013
2012-07-30 8.500 1.125
2012-07-26 8.500 1.224
2012-03-22 8.500 1.234
2011-03-16 10.700 1.630
2010-03-17 8.800 1.464
2009-03-02 5.800 1.361

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Dassault Aviation's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.8x coverage).
X
Income/ dividend checks
We assess Dassault Aviation's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Dassault Aviation afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Dassault Aviation has a total score of 4/6, 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 Dassault Aviation'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
Éric Trappier
COMPENSATION €2,720,753
AGE 59
TENURE AS CEO 6.8 years
CEO Bio

Mr. Eric Trappier has been the Chairman of the Board and Chief Executive Officer at Dassault Aviation SA since January 9, 2013. Mr. Trappier served as Executive Vice President of International at Dassault Aviation SA until January 9, 2013. He served as Senior Vice President of International Directorate at Dassault Aviation SA. He has been a Director of Thales SA since May 19, 2009 and Dassault Aviation SA since December 18, 2012. Mr. Trappier is a Graduate of Institut National Telecom.

CEO Compensation
  • Éric's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Éric's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Dassault Aviation management team in years:

2.7
Average Tenure
  • The tenure for the Dassault Aviation management team is about average.
Management Team

Éric Trappier

TITLE
Chairman & CEO
COMPENSATION
€3M
AGE
59
TENURE
6.8 yrs

Loïk Segalen

TITLE
Chief Operating Officer
COMPENSATION
€2M
AGE
59
TENURE
6.8 yrs

Denis Dassé

TITLE
Chief Financial Officer
TENURE
2.7 yrs

Stéphane Fort

TITLE
Chief Communication Officer

Claude Defawe

TITLE
Vice President of Sales & Marketing

Philippe Massot

TITLE
Senior Vice President of Military Sales - France
TENURE
2.7 yrs

Valérie Guillemet

TITLE
Head of Human Resources
TENURE
0.3 yrs

Gérald Maria

TITLE
Senior Executive Vice President of Total Quality
TENURE
2.7 yrs

Jean Sass

TITLE
Executive VP of IT & Chief Digital Officer
TENURE
3.6 yrs

Benoît Berger

TITLE
Senior Executive Vice President of Procurement & Purchasing
TENURE
2.7 yrs
Board of Directors Tenure

Average tenure and age of the Dassault Aviation board of directors in years:

5.4
Average Tenure
59
Average Age
  • The tenure for the Dassault Aviation board of directors is about average.
Board of Directors

Charles Edelstenne

TITLE
Honorary Chairman
COMPENSATION
€44K
AGE
81

Éric Trappier

TITLE
Chairman & CEO
COMPENSATION
€3M
AGE
59
TENURE
6.8 yrs

Henri Proglio

TITLE
Independent Director
COMPENSATION
€48K
AGE
70
TENURE
11.5 yrs

Olivier Dassault

TITLE
Director
COMPENSATION
€31K
AGE
68
TENURE
23.5 yrs

Lucia Sinapi-Thomas

TITLE
Independent Director
COMPENSATION
€44K
AGE
55
TENURE
5.4 yrs

Marie-Hélène Habert-Dassault

TITLE
Director
COMPENSATION
€38K
AGE
53
TENURE
5.4 yrs

Richard Bédère

TITLE
Employee Representative Director
COMPENSATION
€38K
AGE
62
TENURE
5.3 yrs

Mathilde Lemoine

TITLE
Independent Director
COMPENSATION
€36K
AGE
50
TENURE
2.6 yrs

Catherine Dassault

TITLE
Director
COMPENSATION
€33K
AGE
52
TENURE
2.6 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 Dassault Aviation'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. Dassault Aviation 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

Company Info

Description

Dassault Aviation SA engages in the aeronautical business in France and internationally. The company designs and builds military aircraft, business jets, and space systems. It offers Rafale, a twin- engine multirole fighter that performs various combat missions for air forces and naval air arms; nEUROn and medium- altitude long- endurance (MALE) drones; Mirage 2000 aircraft; and aircraft to carry out maritime surveillance, intelligence, medical evacuation, and other special missions. The company operates a fleet of 2,100 Falcon jets and 1,000 combat aircraft. In addition, it is involved in the provision of aviation maintenance and services; repair and maintenance of landing gears and flight controls; overhaul and repair of civil aviation equipment; provision of structured financing for Falcon aircraft; leasing and management of Falcon aircraft as part of public passenger transport activity; production and distribution of simulation tools; and training and aeronautical documentation business. The company is headquartered in Paris, France. Dassault Aviation SA is a subsidiary of Groupe Industriel Marcel Dassault SAS.

Details
Name: Dassault Aviation SA
DAU
Exchange: DB
Founded:
€10,258,369,102
8,313,103
Website: http://www.dassault-aviation.com
Address: Dassault Aviation SA
9, Rond-point des Champs-Élysées,
Marcel Dassault,
Paris,
Ile-de-France, 75008,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA AM Ordinary Shares Euronext Paris FR EUR 02. Jan 1992
OTCPK DUAV.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB DAU Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0IAX Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
BMV AM N Ordinary Shares Bolsa Mexicana de Valores MX MXN 02. Jan 1992
BATS-CHIXE AMP Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
11,494
Dassault Aviation employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/12 22:32
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/10/11
Last earnings filing: 2019/09/04
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.