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VIEL & Cie société anonyme

BST:VIC
Snowflake Description

Good value average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VIC
BST
€318M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

VIEL & Cie, société anonyme, through its subsidiaries, provides interdealer broking and online trading services worldwide. The last earnings update was 13 days ago. More info.


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VIC Share Price and Events
7 Day Returns
0%
BST:VIC
12.4%
DE Capital Markets
7.3%
DE Market
1 Year Returns
-8.6%
BST:VIC
-8.8%
DE Capital Markets
-17.7%
DE Market
VIC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
VIEL & Cie société anonyme (VIC) 0% -3.9% -4.1% -8.6% - -
DE Capital Markets 12.4% -22.2% -16.8% -8.8% -29.1% -56.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • VIC matched the Capital Markets industry (-8.8%) over the past year.
  • VIC outperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
VIC
Industry
5yr Volatility vs Market
Related Companies

Value

 Is VIEL & Cie société anonyme 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 VIEL & Cie société anonyme 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 VIEL & Cie société anonyme.

BST:VIC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= €4.93 * 10.3%
€0.51
Book Value of Equity per Share Median Book Value from the past 5 years. €4.93
Discount Rate (Cost of Equity) See below 7.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 BST:VIC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.751 (1 + (1- 33%) (155.02%))
1.356
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.36
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.356 * 6.07%)
7.84%

Discounted Cash Flow Calculation for BST:VIC using Excess Returns Model Model

The calculations below outline how an intrinsic value for VIEL & Cie société anonyme is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

BST:VIC Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.3% – 7.84%) * €4.93)
€0.12
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €0.12 / (7.84% - -0.39%)
€1.49
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €4.93 + €1.49
€6.42
BST:VIC Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:VIC represents 0.95299x of ENXTPA:VIL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.95299x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 6.42 x 0.95299
€6.12
Value per share (EUR) From above. €6.12
Current discount Discount to share price of €4.46
= -1 x (€4.46 - €6.12) / €6.12
27.2%

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

Current Discount
Amount off the current price VIEL & Cie société anonyme is available for.
Intrinsic value
27%
Share price is €4.46 vs Future cash flow value of €6.12
Current Discount Checks
For VIEL & Cie société anonyme to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • VIEL & Cie société anonyme's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • VIEL & Cie société anonyme's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 VIEL & Cie société anonyme's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are VIEL & Cie société anonyme's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:VIC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.67
ENXTPA:VIL Share Price ** ENXTPA (2020-03-30) in EUR €4.68
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 21.49x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

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

** Primary Listing of VIEL & Cie société anonyme.

BST:VIC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 4.68 ÷ 0.67

6.99x

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

  • VIEL & Cie société anonyme is good value based on earnings compared to the DE Capital Markets industry average.
  • VIEL & Cie société anonyme is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does VIEL & Cie société anonyme's expected growth come at a high price?
Raw Data
BST:VIC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.99x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.63x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*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 VIEL & Cie société anonyme, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on VIEL & Cie société anonyme's assets?
Raw Data
BST:VIC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €5.23
ENXTPA:VIL Share Price * ENXTPA (2020-03-30) in EUR €4.68
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.5x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
BST:VIC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 4.68 ÷ 5.23

0.9x

* Primary Listing of VIEL & Cie société anonyme.

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

  • VIEL & Cie société anonyme is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess VIEL & Cie société anonyme'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. VIEL & Cie société anonyme has a total score of 4/6, 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 VIEL & Cie société anonyme 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 VIEL & Cie société anonyme 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
40.9%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is VIEL & Cie société anonyme expected to grow at an attractive rate?
  • Unable to compare VIEL & Cie société anonyme's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare VIEL & Cie société anonyme's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare VIEL & Cie société anonyme's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BST:VIC Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 40.9%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany 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
BST:VIC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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.
BST:VIC Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
BST:VIC Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 853 43
2019-09-30 833 45
2019-06-30 813 26 46
2019-03-31 802 6 45
2018-12-31 790 -13 43
2018-09-30 775 -3 39
2018-06-30 759 8 34
2018-03-31 754 23 32
2017-12-31 749 38 31
2017-09-30 753 35 32
2017-06-30 758 31 33
2017-03-31 760 38 32

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if VIEL & Cie société anonyme is high growth as no earnings estimate data is available.
  • Unable to determine if VIEL & Cie société anonyme 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
BST:VIC 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 0 Analyst Estimates (S&P Global) See Below

All data from VIEL & Cie société anonyme Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:VIC Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
BST:VIC Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31
2019-09-30
2019-06-30 0.67
2019-03-31 0.64
2018-12-31 0.62
2018-09-30 0.54
2018-06-30 0.46
2018-03-31 0.44
2017-12-31 0.42
2017-09-30 0.44
2017-06-30 0.46
2017-03-31 0.44

*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 VIEL & Cie société anonyme will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether VIEL & Cie société anonyme is trading at VIEL & Cie société anonyme'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. VIEL & Cie société anonyme'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 Diversified Financials companies here
  3. VIEL & Cie société anonyme'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 VIEL & Cie société anonyme'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
VIEL & Cie société anonyme 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 VIEL & Cie société anonyme 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 VIEL & Cie société anonyme's growth in the last year to its industry (Capital Markets).
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.
  • VIEL & Cie société anonyme's year on year earnings growth rate has been positive over the past 5 years.
  • VIEL & Cie société anonyme's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • VIEL & Cie société anonyme's 1-year earnings growth is negative, it can't be compared to the DE Capital Markets industry average.
Earnings and Revenue History
VIEL & Cie société anonyme'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 VIEL & Cie société anonyme Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:VIC Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 853.00 43.20
2019-09-30 833.13 44.59 301.77
2019-06-30 813.26 45.98 603.54
2019-03-31 801.75 44.68 590.47
2018-12-31 790.25 43.39 577.40
2018-09-30 774.63 38.72 564.23
2018-06-30 759.01 34.05 551.07
2018-03-31 753.79 32.41 548.42
2017-12-31 748.57 30.76 545.78
2017-09-30 753.23 32.00 547.09
2017-06-30 757.88 33.23 548.40
2017-03-31 760.09 32.33 551.13
2016-12-31 762.30 31.43 553.87
2016-09-30 766.95 31.85 560.41
2016-06-30 771.60 32.28 566.96
2016-03-31 780.66 32.14 572.79
2015-12-31 789.73 32.00 578.62
2015-09-30 781.75 28.68 575.87
2015-06-30 773.77 25.37 573.12
2015-03-31 746.76 23.34 554.20
2014-12-31 719.74 21.31 535.28
2014-09-30 710.32 14.45 531.70
2014-06-30 700.91 7.58 528.13
2014-03-31 719.20 6.73 542.86
2013-12-31 737.49 5.88 557.59
2013-09-30 780.78 9.81 584.07
2013-06-30 803.95 13.74 599.77

*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.
  • VIEL & Cie société anonyme has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • VIEL & Cie société anonyme used its assets less efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if VIEL & Cie société anonyme improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess VIEL & Cie société anonyme'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 Capital Markets 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.
VIEL & Cie société anonyme has a total score of 1/6, 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 VIEL & Cie société anonyme'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 VIEL & Cie société anonyme's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • VIEL & Cie société anonyme is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • VIEL & Cie société anonyme's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of VIEL & Cie société anonyme'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 5.3x 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 VIEL & Cie société anonyme Company Filings, last reported 3 months ago.

BST:VIC Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31
2019-09-30 475.20 493.75 388.87
2019-06-30 475.20 428.51 388.87
2019-03-31 475.20 428.51 388.87
2018-12-31 476.84 406.03 382.86
2018-09-30 476.84 406.03 382.86
2018-06-30 464.54 415.30 407.56
2018-03-31 464.54 415.30 407.56
2017-12-31 454.77 380.24 429.38
2017-09-30 454.77 380.24 429.38
2017-06-30 447.27 311.24 348.62
2017-03-31 447.27 311.24 348.62
2016-12-31 466.71 333.86 407.33
2016-09-30 466.71 333.86 407.33
2016-06-30 458.32 335.15 401.20
2016-03-31 458.32 335.15 401.20
2015-12-31 452.42 366.42 445.40
2015-09-30 452.42 366.42 445.40
2015-06-30 425.45 500.47 473.84
2015-03-31 425.45 500.47 473.84
2014-12-31 401.35 239.18 271.78
2014-09-30 401.35 239.18 271.78
2014-06-30 358.94 202.25 219.00
2014-03-31 358.94 202.25 219.00
2013-12-31 362.51 258.06 273.67
2013-09-30 363.14 258.05 313.08
2013-06-30 383.97 244.10 272.57
  • VIEL & Cie société anonyme's level of debt (90.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (57.5% vs 90.2% today).
  • Debt is not well covered by operating cash flow (6%, less than 20% of total debt).
  • Unable to confirm if the interest payments on VIEL & Cie société anonyme's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess VIEL & Cie société anonyme'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. VIEL & Cie société anonyme has a total score of 2/6, 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 VIEL & Cie société anonyme'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
5.34%
Current annual income from VIEL & Cie société anonyme dividends.
If you bought €2,000 of VIEL & Cie société anonyme shares you are expected to receive €107 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?
  • VIEL & Cie société anonyme's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • VIEL & Cie société anonyme's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
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
BST:VIC 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
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

BST:VIC Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
BST:VIC Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-18 0.250 5.463
2019-04-30 0.250 5.191
2019-03-20 0.250 4.987
2018-04-30 0.200 4.026
2018-03-21 0.200 3.499
2017-04-28 0.170 3.081
2017-03-16 0.170 3.189
2016-04-29 0.150 3.983
2016-03-17 0.150 4.170
2015-04-29 0.150 4.742
2015-03-19 0.150 5.169
2014-04-29 0.060 2.935
2014-03-24 0.060 2.485
2013-04-30 0.080 3.309
2013-03-22 0.080 3.400
2012-04-26 0.150 5.942
2012-03-22 0.150 6.120
2011-04-29 0.150 5.076
2011-03-30 0.150 4.329
2010-04-01 0.150 5.254
2009-12-31 0.150 5.059

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 VIEL & Cie société anonyme's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x coverage).
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 VIEL & Cie société anonyme's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 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 VIEL & Cie société anonyme afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. VIEL & Cie société anonyme 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 VIEL & Cie société anonyme'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
Patrick Combes
COMPENSATION €333,437
AGE 66
TENURE AS CEO 40.4 years
CEO Bio

Mr. Patrick Combes serves as the Chairman of Executive Board, Chief Executive Officer and Chairman of Board of Compagnie Financière Tradition SA and was its President. Mr. Combes serves as the Chief Executive Officer of VIEL et Compagnie Finance SE. He serves as Manager of SCI Foch and Immoviel. He serves as the Chairman of the Board of Compagnie Financière Tradition (Switzerland), VIEL & Cie Finance, Financière Vermeer B.V. (Holland), all are subsidiaries of VIEL & Cie SA. He serves as the Chief Executive Officer of VIEL & Cie SA and has been its Chairman since March 2013. He serves as the Chairman at VIEL et Compagnie Finance SE. He serves as Chairman of the Board of Compagnie Financière Tradition SA and has been its Director since January 07, 1997. He has been a Director of VIEL & Cie SA since October 9, 1979. He serves as a Director for Verbalys, Arpège Finances, Verbalys SCI Vaullongue and Swiss Life Bank. He serves as Member of Advisory Board at FT Advisors Limited. He serves as a Member of Board of Overseers at Columbia Business School. He served as a Director of Bourse Direct SA. He is a Knight of the Legion of Honour. After studying at the ESCP-EAP in Paris, Mr. Combes left for the United States, where he obtained an MBA at Columbia University, New York.

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

Patrick Combes

TITLE
Chairman & CEO
COMPENSATION
€333K
AGE
66
TENURE
40.4 yrs

Catherine Nini

TITLE
CFO & Director
COMPENSATION
€12K
AGE
51
TENURE
8.7 yrs

Dominique Velter

TITLE
Director of Strategic Marketing & Director
COMPENSATION
€12K
AGE
54

Virginie de Vichet

TITLE
Head of Communication
AGE
60
Board of Directors Tenure

Average tenure and age of the VIEL & Cie société anonyme board of directors in years:

8.3
Average Tenure
67
Average Age
  • The tenure for the VIEL & Cie société anonyme board of directors is about average.
Board of Directors

Patrick Combes

TITLE
Chairman & CEO
COMPENSATION
€333K
AGE
66
TENURE
8 yrs

Christian Baillet

TITLE
Deputy Chairman
COMPENSATION
€12K
AGE
68

Catherine Nini

TITLE
CFO & Director
COMPENSATION
€12K
AGE
51
TENURE
8.7 yrs

Dominique Velter

TITLE
Director of Strategic Marketing & Director
COMPENSATION
€12K
AGE
54
TENURE
2.7 yrs

David Pinchin

TITLE
Chairman of TFS
AGE
71

Dominique Langlois

TITLE
Independent Director
COMPENSATION
€12K
AGE
72
TENURE
26.2 yrs

Jeanne du de la Salle

TITLE
Independent Director
COMPENSATION
€12K
AGE
39
TENURE
2.7 yrs

Jean Marie

TITLE
Independent Director
COMPENSATION
€12K
AGE
83
TENURE
26.2 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 VIEL & Cie société anonyme'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. VIEL & Cie société anonyme 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

VIEL & Cie, société anonyme, through its subsidiaries, provides interdealer broking and online trading services worldwide. The company provides brokerage services in a range of financial markets, including money markets, interest rate and currency derivatives, equities and equity derivatives, bonds and repurchase agreements, and credit derivatives; and commodity-related markets, such as derivatives in oil, natural gas, power, coal, weather, emissions, precious metals, pulp and paper, and property, as well as for cash bonds. It also offers online trading services covering a range of products comprising French and foreign equities, investment products, derivative products, and CFDs; account maintenance and custodial services for business clients; and account depositary, execution, and clearing services for private and institutional investors. The company was founded in 1986 and is based in Paris, France. VIEL & Cie, société anonyme is a subsidiary of VIEL et Compagnie Finance SE.

Details
Name: VIEL & Cie, société anonyme
VIC
Exchange: BST
Founded: 1986
€318,499,599
68,055,470
Website: http://www.viel.com
Address: VIEL & Cie, société anonyme
9 place Vendôme,
Paris,
Ile-de-France, 75001,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA VIL Ordinary Shares Euronext Paris FR EUR 10. Jan 1990
BST VIC Ordinary Shares Boerse-Stuttgart DE EUR 10. Jan 1990
LSE 0HZW Ordinary Shares London Stock Exchange GB EUR 10. Jan 1990
Number of employees
Current staff
Staff numbers
2,434
VIEL & Cie société anonyme employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 00:05
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2018/04/30
Last earnings filing: 2020/03/18
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.