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Sofina Société Anonyme

DB:8FS
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8FS
DB
€7B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Sofina Société Anonyme is a private equity and venture capital firm specializing in direct and fund of funds investments. The last earnings update was 38 days ago. More info.


Add to Portfolio Compare Print
  • Sofina Société Anonyme is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
8FS Share Price and Events
7 Day Returns
2.3%
DB:8FS
5%
DE Diversified Financial
2.8%
DE Market
1 Year Returns
23.3%
DB:8FS
1.4%
DE Diversified Financial
3%
DE Market
8FS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sofina Société Anonyme (8FS) 2.3% 12.5% 18.6% 23.3% 66.9% 158.4%
DE Diversified Financial 5% 7.8% -5% 1.4% 75.8% 333.7%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • 8FS outperformed the Diversified Financial industry which returned 1.4% over the past year.
  • 8FS outperformed the Market in Germany which returned 3% over the past year.
Price Volatility
8FS
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Sofina 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 Sofina 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 Sofina Société Anonyme.

DB:8FS 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
= €171.75 * 8.6%
€14.83
Book Value of Equity per Share Median Book Value from the past 5 years. €171.75
Discount Rate (Cost of Equity) See below 5.8%
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:8FS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.8%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.72 (1 + (1- 29%) (0%))
0.812
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.81
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.812 * 6.8%)
5.75%

Discounted Cash Flow Calculation for DB:8FS using Excess Returns Model Model

The calculations below outline how an intrinsic value for Sofina 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.

DB:8FS Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.6% – 5.75%) * €171.75)
€4.96
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €4.96 / (5.75% - 0.23%)
€89.79
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €171.75 + €89.79
€261.53
DB:8FS Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:8FS represents 1.00491x of ENXTBR:SOF
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00491x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 261.53 x 1.00491
€262.82
Value per share (EUR) From above. €262.82
Current discount Discount to share price of €204.50
= -1 x (€204.50 - €262.82) / €262.82
22.2%

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

Current Discount
Amount off the current price Sofina Société Anonyme is available for.
Intrinsic value
22%
Share price is €204.5 vs Future cash flow value of €262.82
Current Discount Checks
For Sofina Société Anonyme to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sofina Société Anonyme's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sofina 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 Sofina Société Anonyme's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sofina Société Anonyme's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:8FS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €28.15
ENXTBR:SOF Share Price ** ENXTBR (2019-10-11) in EUR €203.5
Germany Diversified Financial Industry PE Ratio Median Figure of 6 Publicly-Listed Diversified Financial Companies 27.82x
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 Sofina Société Anonyme.

DB:8FS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 203.5 ÷ 28.15

7.23x

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

  • Sofina Société Anonyme is good value based on earnings compared to the DE Diversified Financial industry average.
  • Sofina Société Anonyme is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Sofina Société Anonyme's expected growth come at a high price?
Raw Data
DB:8FS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Diversified Financial Industry PEG Ratio Median Figure of 13 Publicly-Listed Diversified Financial Companies 1.81x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*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 Sofina Société Anonyme, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sofina Société Anonyme's assets?
Raw Data
DB:8FS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €208.23
ENXTBR:SOF Share Price * ENXTBR (2019-10-11) in EUR €203.5
Germany Diversified Financial Industry PB Ratio Median Figure of 9 Publicly-Listed Diversified Financial Companies 3.77x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:8FS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 203.5 ÷ 208.23

0.98x

* Primary Listing of Sofina Société Anonyme.

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

  • Sofina Société Anonyme is good value based on assets compared to the DE Diversified Financial industry average.
X
Value checks
We assess Sofina 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 Diversified Financial 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 Diversified Financial industry average (and greater than 0)? (1 check)
  5. Sofina 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 Sofina 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 Sofina 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
17.3%
Expected Diversified Financial industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sofina Société Anonyme expected to grow at an attractive rate?
  • Unable to compare Sofina Société Anonyme's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Sofina Société Anonyme's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Sofina Société Anonyme's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:8FS Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 17.3%
Europe Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 0.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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:8FS 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.
DB:8FS Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2019-10-13
DB:8FS Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 994 101 948
2019-03-31 948 36 905
2018-12-31 902 -29 861
2018-09-30 859 -36 824
2018-06-30 815 -42 788
2018-03-31 673 20 643
2017-12-31 531 82 499
2017-09-30 436 57 414
2017-06-30 366 32 342
2017-03-31 324 47 305
2016-12-31 283 63 268
2016-09-30 254 101 236

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Sofina Société Anonyme is high growth as no earnings estimate data is available.
  • Unable to determine if Sofina 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
DB:8FS 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 Sofina Société Anonyme Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:8FS Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2019-10-13
DB:8FS Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 28.15
2019-03-31 26.87
2018-12-31 25.59
2018-09-30 24.50
2018-06-30 23.42
2018-03-31 19.12
2017-12-31 14.83
2017-09-30 12.30
2017-06-30 10.15
2017-03-31 9.06
2016-12-31 7.96
2016-09-30 7.03

*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 Sofina Société Anonyme will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Sofina Société Anonyme is trading at Sofina 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. Sofina 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. Sofina 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 Sofina 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 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.
Sofina 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 Sofina 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 Sofina Société Anonyme's growth in the last year to its industry (Diversified Financial).
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.
  • Sofina Société Anonyme has delivered over 20% year on year earnings growth in the past 5 years.
  • Sofina Société Anonyme's 1-year earnings growth is less than its 5-year average (20.4% vs 30.6%)
  • Sofina Société Anonyme's earnings growth has exceeded the Europe Diversified Financial industry average in the past year (20.4% vs 3.5%).
Earnings and Revenue History
Sofina 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 Sofina Société Anonyme Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:8FS Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 993.95 948.34 22.72
2019-03-31 948.04 904.74 22.72
2018-12-31 902.14 861.14 22.72
2018-09-30 858.58 824.44 17.33
2018-06-30 815.01 787.74 11.94
2018-03-31 672.79 643.43 11.94
2017-12-31 530.57 499.13 11.94
2017-09-30 435.64 414.07 12.81
2017-06-30 365.70 341.69 13.67
2017-03-31 324.39 304.60 13.67
2016-12-31 283.08 267.52 13.67
2016-09-30 254.40 236.41 13.40
2016-06-30 225.71 205.31 13.14
2016-03-31 284.65 256.25 13.14
2015-12-31 343.58 307.20 13.14
2015-09-30 369.01 327.19 12.22
2015-06-30 394.44 347.19 11.30
2015-03-31 357.60 317.06 11.30
2014-12-31 320.77 286.93 11.30
2014-09-30 282.60 261.07 11.06
2014-06-30 244.42 235.20 10.82
2014-03-31 225.08 216.80 10.82
2013-12-31 205.73 198.40 10.82
2013-09-30 188.56 178.72 10.31
2013-06-30 171.39 159.03 9.80
2013-03-31 170.79 155.57 9.80
2012-12-31 170.20 152.11 9.80

*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.
  • Sofina Société Anonyme has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sofina Société Anonyme used its assets more efficiently than the DE Diversified Financial industry average last year based on Return on Assets.
  • Sofina Société Anonyme has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sofina 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 Diversified Financial 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.
Sofina Société Anonyme has a total score of 4/6, 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 Sofina 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 Sofina Société Anonyme's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sofina Société Anonyme is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sofina Société Anonyme's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sofina 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.
  • Sofina Société Anonyme has no debt, it does not need to be covered by short term assets.
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 Sofina Société Anonyme Company Filings, last reported 3 months ago.

DB:8FS Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 7,012.50 0.00 427.38
2019-03-31 7,012.50 0.00 427.38
2018-12-31 6,543.59 0.00 441.41
2018-09-30 6,543.59 0.00 441.41
2018-06-30 6,162.03 0.00 535.25
2018-03-31 6,162.03 0.00 535.25
2017-12-31 5,778.39 0.00 711.72
2017-09-30 5,679.53 0.00 711.72
2017-06-30 5,618.35 50.00 456.77
2017-03-31 5,618.35 50.00 456.77
2016-12-31 5,268.01 100.02 359.19
2016-09-30 5,268.01 100.02 359.19
2016-06-30 5,086.78 224.26 484.44
2016-03-31 5,086.78 224.26 484.44
2015-12-31 5,208.04 227.75 671.13
2015-09-30 5,208.04 227.75 671.13
2015-06-30 4,930.45 220.69 723.33
2015-03-31 4,930.45 220.69 723.33
2014-12-31 4,650.58 202.56 607.05
2014-09-30 4,650.58 202.56 607.05
2014-06-30 4,407.84 179.33 585.05
2014-03-31 4,407.84 179.33 585.05
2013-12-31 4,109.47 176.86 572.69
2013-09-30 4,109.47 176.86 572.69
2013-06-30 3,901.46 185.72 581.80
2013-03-31 3,901.46 185.72 581.80
2012-12-31 3,681.65 183.35 465.63
  • Sofina Société Anonyme has no debt.
  • Sofina Société Anonyme has no debt compared to 5 years ago when it was 4.1%.
  • Sofina Société Anonyme has no debt, it does not need to be covered by operating cash flow.
  • Sofina Société Anonyme has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Sofina 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. Sofina Société Anonyme has a total score of 6/6, 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 Sofina 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
1.37%
Current annual income from Sofina Société Anonyme dividends.
If you bought €2,000 of Sofina Société Anonyme shares you are expected to receive €27 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?
  • Sofina Société Anonyme's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Sofina Société Anonyme'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:8FS 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 Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
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:8FS Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2019-10-13
DB:8FS Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-01 2.786 1.574
2018-04-03 2.671 1.645
2017-03-30 2.557 1.957
2016-03-29 2.450 2.007
2015-04-07 1.710 1.707
2015-04-02 1.710 1.731
2014-04-01 1.630 1.863
2014-03-27 1.630 1.840
2013-04-03 1.550 2.037
2012-04-02 1.470 2.297
2011-03-25 1.853 2.910
2010-03-31 1.747 2.624
2008-12-31 1.640 2.734

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 Sofina Société Anonyme's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (10.1x 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 Sofina Société Anonyme's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Sofina Société Anonyme afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sofina Société Anonyme has a total score of 2/6, 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 Sofina 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
Harold Y. Boël
COMPENSATION €2,079,000
AGE 55
TENURE AS CEO 11.8 years
CEO Bio

Mr. Harold Y. H. Boël is the Chief Executive Officer and Director at Sofina Société Anonyme since 2008. Mr. Boël serves as Managing Director/Chief Executive Officer at Henex SA. He held management positions in the iron and steel industry at Usines Gustave Boël, Corus MultiSteel and Laura Metaal Holding. Mr. Boël serves as an Independent Director of bioMérieux S.A. since June 10, 2010. Mr. Boël serves as a Director of Mérieux Nutrisciences and Suez Environnement. He serves as a Director of François Charles Oberthur Fiduciaire. Mr. Boël served as an Independent Non-Executive Director of Caledonia Investments plc. Since June 25, 2014 until September 8, 2017. He served as Member of Supervisory Board of Eurazeo. Mr. Boël served as a Representative Director of Oberthur Technologies SA. He served as an Independent Director of Suez SA since July 15, 2008 until April 28, 2016. Mr. Boël served as a Non-Executive Director of Electrabel S.A. since 2010. He served as a Director of Henex SA. He holds a Degree in Materials Sciences Engineering from École Polytechnique Fédérale de Lausanne, and Graduate of Brown University.

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

Harold Y. Boël

TITLE
CEO & Director
COMPENSATION
€2M
AGE
55
TENURE
11.8 yrs

François Gillet

TITLE
Chief Investment Officer
AGE
59

Wauthier de Bassompierre

TITLE
General Counsel & General Secretary

Xavier Coirbay

TITLE
Member of Executive Committee
AGE
54

Jean-François Lambert

TITLE
Head of Operations

Carine Leroy

TITLE
Head of Human Resources

Stéphanie Delperdange

TITLE
Head of Luxemburg Office

Maxence Tombeur

TITLE
Head of Asia
AGE
37

Amélie Lagache

TITLE
Head of Tax
TENURE
1.8 yrs

Frédéric Docquier

TITLE
Group Business Controller
Board of Directors Tenure

Average tenure and age of the Sofina Société Anonyme board of directors in years:

9.8
Average Tenure
67
Average Age
  • The tenure for the Sofina Société Anonyme board of directors is about average.
Board of Directors

David Verey

TITLE
Chairman
AGE
69
TENURE
15.8 yrs

Harold Y. Boël

TITLE
CEO & Director
COMPENSATION
€2M
AGE
55
TENURE
15.8 yrs

Dominique Lancksweert

TITLE
Vice-Chairman

Richard d'Alviella

TITLE
Honorary Chairman
COMPENSATION
€348K
AGE
71

Robert Peugeot

TITLE
Independent Director
AGE
69

Nicolas Boël

TITLE
Member of the Board of Director
AGE
57
TENURE
12.8 yrs

Analjit Singh

TITLE
Independent Director
AGE
65
TENURE
8.8 yrs

Jacques Emsens

TITLE
Member of the Board of Director
TENURE
8.8 yrs

Michel Tilmant

TITLE
Independent Director
AGE
67
TENURE
9.8 yrs

Guy Verhofstadt

TITLE
Independent Director
TENURE
7.8 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 Sofina 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. Sofina 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

Sofina Société Anonyme is a private equity and venture capital firm specializing in direct and fund of funds investments. Within direct investments, it specializes in growth capital, early, startup, later stages, mature, emerging growth, mid venture, late venture, industry consolidation, and LBO investments. The firm primarily invests in portfolio of companies that engages in energy and services, retail, e-commerce, consumer goods, digital, education, healthcare, satellite operations, industry, finance companies, and financial services worldwide. It also invests in the media, communications, insurance, property development sectors. The firm typically invests in European based companies with a global exposure, and it also has a particular focus on companies based in Western Europe and Asia such as in India and China and also in the United States. It invests between €75 million ($86.83 million) and €300.29 million ($339.29 million) in companies with an enterprise value between €250 million ($278.91 million) and €4.5 billion ($4500 million) in minority investments, and €15 million ($18.38 million) and €50 million ($57.88 million) in companies operating in emerging markets or fast growing sectors. It invests in privately owned and listed companies. It invests in private companies to support growth, finance acquisitions, give liquidity to existing shareholders/families, support sales processes, and make minority investment alongside shareholders controlling shareholders and in listed companies for replacement of existing shareholder, long term support of controlling shareholders, and delisting. Within fund of funds, the firm focuses on private equity, venture capital and growth equity funds, and selected relationships in buyout and special situations. It also manages funds in the fields of private equity and hedge funds. It typically invests in the US, Europe and Asia, and also concentrates on emerging markets. The firm makes between €10 million ($11.57 million) and €25 million ($28.94 million) commitments in funds. It invest from own balance sheet. The firm prefers to hold a minority ownership equity in its portfolio companies and also seeks board seat. The firm also co-invests. It typically holds its investments for ten to twelve years. Sofina Société Anonyme was founded in 1980 and it is based in Brussels, Belgium with additional offices Luxembourg and Singapore.

Details
Name: Sofina Société Anonyme
8FS
Exchange: DB
Founded: 1890
€6,853,329,939
33,677,297
Website: http://www.sofinagroup.com
Address: Sofina Société Anonyme
Rue de l’Industrie, 31,
Brussels,
Brussels, 1040,
Belgium
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTBR SOF Common Shares Euronext Brussels BE EUR 02. Jan 1992
OTCPK SFNX.F Common Shares Pink Sheets LLC US USD 02. Jan 1992
DB 8FS Common Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0G2X Common Shares London Stock Exchange GB EUR 02. Jan 1992
WBAG SOF Common Shares Wiener Boerse AG AT EUR 02. Jan 1992
BATS-CHIXE SOFB Common Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
50
Sofina Société Anonyme employees.
Industry
Multi-Sector Holdings
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 22:31
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/09/06
Last earnings filing: 2019/09/05
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.