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Natixis

DB:NBP
Snowflake Description

Good value average dividend payer.

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

Natixis S.A. provides asset and wealth management, corporate and investment banking, insurance, and payment services primarily in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The last earnings update was 26 days ago. More info.


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  • Natixis has significant price volatility in the past 3 months.
NBP Share Price and Events
7 Day Returns
-8.8%
DB:NBP
3%
DE Capital Markets
2.2%
DE Market
1 Year Returns
-43.3%
DB:NBP
-6.9%
DE Capital Markets
-17.2%
DE Market
NBP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Natixis (NBP) -8.8% -23.8% -27.9% -43.3% -49.7% -60.7%
DE Capital Markets 3% -17.7% -13.1% -6.9% -24.7% -54.9%
DE Market 2.2% -15.7% -24% -17.2% -23.3% -27.8%
1 Year Return vs Industry and Market
  • NBP underperformed the Capital Markets industry which returned -6.9% over the past year.
  • NBP underperformed the Market in Germany which returned -17.2% over the past year.
Price Volatility
NBP
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Natixis 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 Natixis 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 Natixis.

DB:NBP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 11 analysts.
= Stable Book Value * Return on Equity
= €5.48 * 6.8%
€0.37
Book Value of Equity per Share Weighted future Book Value estimates from 8 analysts. €5.48
Discount Rate (Cost of Equity) See below 11.8%
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 DB:NBP
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))
= 0.753 (1 + (1- 33%) (1789.82%))
6.883
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 6.07%)
11.75%

Discounted Cash Flow Calculation for DB:NBP using Excess Returns Model Model

The calculations below outline how an intrinsic value for Natixis 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:NBP Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6.8% – 11.75%) * €5.48)
€-0.27
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-0.27 / (11.75% - -0.39%)
€-2.23
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €5.48 + €-2.23
€3.26
DB:NBP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:NBP represents 1.1007x of ENXTPA:KN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.1007x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 3.26 x 1.1007
€3.59
Value per share (EUR) From above. €3.59
Current discount Discount to share price of €2.83
= -1 x (€2.83 - €3.59) / €3.59
21.1%

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

Current Discount
Amount off the current price Natixis is available for.
Intrinsic value
21%
Share price is €2.83 vs Future cash flow value of €3.59
Current Discount Checks
For Natixis to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Natixis's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Natixis'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 Natixis's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Natixis's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:NBP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.56
ENXTPA:KN Share Price ** ENXTPA (2020-04-01) in EUR €2.57
Germany Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 22.55x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.76x

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

** Primary Listing of Natixis.

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

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

= 2.57 ÷ 0.56

4.61x

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

  • Natixis is good value based on earnings compared to the DE Capital Markets industry average.
  • Natixis is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Natixis's expected growth come at a high price?
Raw Data
DB:NBP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
-10.7%per year
Germany Capital Markets Industry PEG Ratio Median Figure of 6 Publicly-Listed Capital Markets Companies 1.59x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.61x ÷ -10.7%

-0.43x

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

  • Natixis earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Natixis's assets?
Raw Data
DB:NBP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €6.16
ENXTPA:KN Share Price * ENXTPA (2020-04-01) in EUR €2.57
Germany Capital Markets Industry PB Ratio Median Figure of 31 Publicly-Listed Capital Markets Companies 1.5x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.44x
DB:NBP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.57 ÷ 6.16

0.42x

* Primary Listing of Natixis.

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

  • Natixis is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Natixis'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. Natixis 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 Natixis expected to perform in the next 1 to 3 years based on estimates from 13 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
-10.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Natixis expected to grow at an attractive rate?
  • Natixis's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Natixis's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Natixis'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:NBP Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:NBP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts -10.7%
DB:NBP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts -1.2%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 39.4%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.5%
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
DB:NBP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:NBP Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 10,074 1
2022-12-31 8,986 1,257 10
2021-12-31 8,782 1,263 12
2020-12-31 8,722 1,182 13
2020-04-01
DB:NBP Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 9,574 -6,940 1,758
2019-09-30 10,101 1,777
2019-06-30 9,559 -4,700 1,692
2019-03-31 10,174 1,960
2018-12-31 9,549 -6,085 1,480
2018-09-30 9,878 1,676
2018-06-30 9,651 -10,483 1,707
2018-03-31 9,488 1,593
2017-12-31 9,360 -4,042 1,575
2017-09-30 9,401 1,497
2017-06-30 9,159 2,048 1,446
2017-03-31 8,888 1,355

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Natixis's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Natixis'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:NBP 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 13 Analyst Estimates (S&P Global) See Below

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

DB:NBP Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.50 0.50 0.50 1.00
2022-12-31 0.44 0.48 0.34 8.00
2021-12-31 0.39 0.50 0.23 11.00
2020-12-31 0.36 0.47 0.16 13.00
2020-04-01
DB:NBP Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.56
2019-09-30 0.56
2019-06-30 0.54
2019-03-31 0.62
2018-12-31 0.47
2018-09-30 0.53
2018-06-30 0.54
2018-03-31 0.51
2017-12-31 0.50
2017-09-30 0.48
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.
  • Natixis is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Natixis'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.
Natixis 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 Natixis 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 Natixis'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.
  • Natixis's year on year earnings growth rate has been positive over the past 5 years.
  • Natixis's 1-year earnings growth exceeds its 5-year average (18.8% vs 10.9%)
  • Natixis's earnings growth has exceeded the DE Capital Markets industry average in the past year (18.8% vs 3.2%).
Earnings and Revenue History
Natixis'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 Natixis Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NBP 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 9,574.00 1,758.00 503.00
2019-09-30 10,101.00 1,777.00 400.00
2019-06-30 9,559.00 1,692.00 451.00
2019-03-31 10,174.00 1,960.00 400.00
2018-12-31 9,549.00 1,480.00 400.00
2018-09-30 9,878.00 1,676.00 387.00
2018-06-30 9,651.00 1,707.00 429.00
2018-03-31 9,488.00 1,593.00 387.00
2017-12-31 9,360.00 1,575.00 387.00
2017-09-30 9,401.00 1,497.00 238.00
2017-06-30 9,159.00 1,446.20 354.00
2017-03-31 8,888.00 1,355.00 238.00
2016-12-31 8,719.00 1,296.00 348.00
2016-09-30 8,266.00 1,081.00 266.00
2016-06-30 8,261.00 1,147.80 189.00
2016-03-31 8,251.00 1,201.00 266.00
2015-12-31 8,382.00 1,288.00 215.00
2015-09-30 8,064.00 1,205.00 278.00
2015-06-30 7,888.00 1,180.00 327.00
2015-03-31 7,598.00 1,102.00 278.00
2014-12-31 7,287.00 1,085.00 278.00
2014-09-30 6,991.00 942.00 302.00
2014-06-30 7,157.00 990.00 292.00
2014-03-31 6,797.00 818.00 303.00
2013-12-31 6,698.00 835.00 303.00
2013-09-30 6,366.00 843.00 291.00
2013-06-30 6,138.00 755.00 287.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Natixis has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Natixis used its assets less efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if Natixis 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 Natixis'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.
Natixis has a total score of 3/6, 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 Natixis'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 Natixis's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Natixis's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Natixis's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Natixis'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 1.8x 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 Natixis Company Filings, last reported 3 months ago.

DB:NBP Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 20,827.00 144,017.00 229,685.00
2019-09-30 20,600.00 53,100.00 265,300.00
2019-06-30 19,836.00 148,684.00 217,573.00
2019-03-31 22,200.00 49,700.00 239,600.00
2018-12-31 21,196.00 128,093.00 217,765.00
2018-09-30 20,800.00 45,400.00 236,200.00
2018-06-30 20,335.00 138,117.00 231,896.00
2018-03-31 21,000.00 39,900.00 239,900.00
2017-12-31 20,855.00 129,423.00 242,425.00
2017-09-30 21,000.00 177,600.00 221,400.00
2017-06-30 20,790.00 229,094.00 213,217.00
2017-03-31 21,800.00 178,100.00 207,700.00
2016-12-31 21,132.00 243,271.00 256,227.00
2016-09-30 20,400.00 195,100.00 214,800.00
2016-06-30 19,983.00 240,467.00 216,425.00
2016-03-31 20,900.00 207,000.00 220,500.00
2015-12-31 20,501.00 222,163.00 200,662.00
2015-09-30 19,606.00 239,943.00 224,089.00
2015-06-30 19,606.00 239,943.00 224,089.00
2015-03-31 21,000.00 263,200.00 297,000.00
2014-12-31 20,161.00 284,113.00 336,759.00
2014-09-30 19,067.00 234,875.00 235,678.00
2014-06-30 19,067.00 234,875.00 235,678.00
2014-03-31 17,945.00 215,306.00 270,154.00
2013-12-31 17,945.00 215,306.00 270,154.00
2013-09-30 18,671.00 254,224.00 278,403.00
2013-06-30 18,671.00 254,224.00 278,403.00
  • Natixis's level of debt (691.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (1407.4% vs 691.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Natixis's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Natixis'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. Natixis 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 Natixis'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
12.05%
Current annual income from Natixis dividends. Estimated to be 10.46% next year.
If you bought €2,000 of Natixis shares you are expected to receive €241 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?
  • Natixis's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • Natixis's dividend is above the markets top 25% of dividend payers in Germany (4.87%).
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:NBP 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 13 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:NBP Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.37 1.00
2022-12-31 0.29 11.00
2021-12-31 0.28 14.00
2020-12-31 0.24 14.00
2020-04-01
DB:NBP Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-02-06 0.310 10.196
2019-03-15 0.300 7.483
2019-02-12 0.300 6.520
2018-02-23 0.370 6.592
2017-03-22 0.350 5.446
2017-02-09 0.350 6.403
2016-03-10 0.250 5.765
2016-02-10 0.250 5.273
2015-03-12 0.200 3.433
2015-02-19 0.200 3.113
2014-03-14 0.160 3.038
2014-02-20 0.160 3.147
2013-02-18 0.100 2.727
2012-08-02 0.100 3.967
2012-03-01 0.100 4.551
2011-04-05 0.230 8.792
2011-02-23 0.230 5.576
2009-11-19 0.000 0.000
2009-09-09 0.000 0.000
2009-08-26 0.000 0.000
2009-06-26 0.000 0.000

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

  • Natixis has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Natixis only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Natixis's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Natixis's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Natixis afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Natixis 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 Natixis'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
François Riahi
COMPENSATION €1,950,646
AGE 46
TENURE AS CEO 1.8 years
CEO Bio

Mr. François Riahi serve as Chief Executive Officer of Natixis SA since June 1, 2018. He served as Head/Chief Executive Officer in charge of finance, strategy and legal affairs, Supervisory Board secretary and Member of the Management Board of Groupe BPCE since January 2018. Mr. Riahi served as Deputy Head of Corporate and Investment Banking at Natixis SA until 2018. Mr. Riahi serves as the Member of the Management Board at BPCE SA since June 1, 2018. Mr. Riahi served as the Co-Head of Corporate & Investment Banking at Natixis from March 2016 to April 2016 and served as its Head of The Corporate & Investment Banking for Asia Pacific Platform from 2012 to April 2016. Mr. Riahi served as the Chief Executive Officer of Asia-Pacific at Natixis Japan Securities Co.,Ltd. Mr. Riahi serves as Member of Executive Committee at Natixis. He served as the Chief Executive Officer of Corporate and Investment Banking Asia-Pacific at Natixis. He joined Groupe BPCE in 2009 as deputy CEO. Mr. Riahi served as the Deputy Chief Operating Officer of Strategy and Member of Management Board at Groupe BPCE. He served as the Chief Operating Officer of Groupe Banques Populaire and also served as its Deputy Chief Operating Officer of Strategy. He served as Chairman of the Supervisory Board at NATIXIS Pfandbriefbank AG until February 28, 2018. Mr. Riahi served as the Chief Executive Officer, Member of the Management Board and Supervisory Board Secretary of BPCE SA. He serves as Chairman of the Board at Natixis Assurances SA since June 7, 2018. He has been an Advisor to François Pérol at Caisse Nationale des Caisses d'Epargne and Banque Fédérale des Banques Populaires since March 2009. He served as an Inspecteur des Finances (auditor at the French Treasury) in the Inspection Générale des Finances from 2001 to 2005. Mr. Riahi was then appointed to the Government's Budget Department, first as Project Manager reporting to the Budget Director and subsequently as Head of the Budget Policy Office. Since 2007, he served as an Advisor to the President of the French Republic, with a responsibility for the reform of State institutions and public finance. He serves as the Chairman and Director of Coface SA since June 15, 2018. He served as a Director of Nexity until July 25, 2012. He was a student at the Ecole Nationale d'Administration (ENA). Mr. Riahi is a graduate of the Paris Institute of Political Science (Sciences Po) and of the Ecole Centrale de Paris school of engineering.

CEO Compensation
  • François's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • François's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

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

1.8
Average Tenure
51
Average Age
  • The average tenure for the Natixis management team is less than 2 years, this suggests a new team.
Management Team

François Riahi

TITLE
Chief Executive Officer
COMPENSATION
€2M
AGE
46
TENURE
1.8 yrs

Nathalie Bricker

TITLE
Chief Financial Officer
AGE
51
TENURE
1.7 yrs

Véronique Sani

TITLE
Head of Ops. & Information Systems and Chief Technology & Transformation Officer for Asset Manager
TENURE
1.6 yrs

Richard Vinadier

TITLE
Head of Accounting & Ratios
AGE
57
TENURE
1.4 yrs

Luc Barnaud

TITLE
Head of Digital & Technology Office
AGE
48
TENURE
2 yrs

Damien Souchet

TITLE
Head of IR

Christian Le Hir

TITLE
Chief Legal Officer
AGE
59

Alain Bruneau

TITLE
Global Head of Compliance
TENURE
1.1 yrs

Benoît Gausseron

TITLE
Head of Communications
TENURE
1.8 yrs

Julian Chinnick

TITLE
Director of Wholesale Sales
TENURE
5.3 yrs
Board of Directors Tenure

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

6
Average Tenure
63
Average Age
  • The tenure for the Natixis board of directors is about average.
Board of Directors

Laurent Mignon

TITLE
Chairman of the Board of Directors
COMPENSATION
€300K
AGE
56
TENURE
1.8 yrs

Bernard Roger Oppetit

TITLE
Independent Director
COMPENSATION
€61K
AGE
63
TENURE
10.4 yrs

Nicolás Bellet de Tavernost Abel

TITLE
Independent Director
COMPENSATION
€50K
AGE
69
TENURE
6.8 yrs

Catherine Pariset

TITLE
Independent Director
COMPENSATION
€60K
AGE
66
TENURE
3.3 yrs

Diane de Saint Victor

TITLE
Independent Director
COMPENSATION
€32K
AGE
64
TENURE
1 yrs

Henri Proglio

TITLE
Non-Voting Director
COMPENSATION
€36K
AGE
70
TENURE
1 yrs

Catherine Halberstadt

TITLE
Representative Director
AGE
61
TENURE
10.7 yrs

Alain Condaminas

TITLE
Director
COMPENSATION
€34K
AGE
62
TENURE
7.9 yrs

Thierry Cahn

TITLE
Director
COMPENSATION
€29K
AGE
63
TENURE
7.3 yrs

Anne Lalou

TITLE
Independent Director
COMPENSATION
€44K
AGE
56
TENURE
5.2 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 Natixis'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. Natixis 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

Natixis S.A. provides asset and wealth management, corporate and investment banking, insurance, and payment services primarily in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company offers asset and wealth management services in the areas of savings, investment, risk management, and advisory; and mergers and acquisitions, primary equity and loan markets, acquisition and strategic finance, financial transactions on shares, capital, and rating advisory services; structured financing. It also provides capital market services, including fixed income, credit, forex, equity derivatives, and research; and trade finance, liquidity management, and cash management for corporations and financial institutions. In addition, the company offers life insurance, investment solutions, wealth planning, pensions, accidental death insurance, disability insurance, and borrower insurance products; and motor-vehicle insurance, multi-risk home insurance, complementary health insurance, accidental damage, multi-media equipment insurance, legal protection, non-bank insurance, remote surveillance, and insurance for professionals. The company was formerly known as Natexis Banques Populaires SA and changed its name to Natixis S.A. in 2006. The company was founded in 1919 and is headquartered in Paris, France. Natixis S.A. operates as a subsidiary of BPCE SA

Details
Name: Natixis S.A.
NBP
Exchange: DB
Founded: 1919
€8,111,479,197
3,153,763,296
Website: http://www.natixis.com
Address: Natixis S.A.
30, avenue Pierre Mendès France,
Paris,
Ile-de-France, 75013,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA KN Common Stock Euronext Paris FR EUR 02. Jan 1986
OTCPK NTXF.F Common Stock Pink Sheets LLC US USD 02. Jan 1986
DB NBP Common Stock Deutsche Boerse AG DE EUR 02. Jan 1986
LSE 0IHK Common Stock London Stock Exchange GB EUR 02. Jan 1986
SWX KN Common Stock SIX Swiss Exchange CH CHF 02. Jan 1986
BATS-CHIXE KNP Common Stock BATS 'Chi-X Europe' GB EUR 02. Jan 1986
ETLX NBP Common Stock Eurotlx IT EUR 02. Jan 1986
OTCPK NTXF.Y UNSPONSORD ADR Pink Sheets LLC US USD 26. Feb 2009
Number of employees
Current staff
Staff numbers
19,639
Natixis employees.
Industry
Diversified Capital Markets
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 23:08
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2020/04/01
Last earnings filing: 2020/03/06
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.