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Gaztransport & Technigaz

DB:9TG
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9TG
DB
€3B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Gaztransport & Technigaz SA, an engineering company, provides cryogenic membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG). The last earnings update was 41 days ago. More info.


Add to Portfolio Compare Print
  • Gaztransport & Technigaz has significant price volatility in the past 3 months.
9TG Share Price and Events
7 Day Returns
10.3%
DB:9TG
6.5%
DE Oil and Gas
2.1%
DE Market
1 Year Returns
-19.2%
DB:9TG
28.1%
DE Oil and Gas
-16.6%
DE Market
9TG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gaztransport & Technigaz (9TG) 10.3% -3.8% -20.3% -19.2% 110.2% 27.5%
DE Oil and Gas 6.5% -7.3% -23.7% 28.1% -18.9% 149.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • 9TG underperformed the Oil and Gas industry which returned 28.1% over the past year.
  • 9TG underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
9TG
Industry
5yr Volatility vs Market

9TG Value

 Is Gaztransport & Technigaz 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 Gaztransport & Technigaz 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 Gaztransport & Technigaz.

DB:9TG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in EUR € 3.8819891666667
Payout Ratio Company Filings (2019-12-31) 8252%
Discount Rate (Cost of Equity) See below 5.5%
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:9TG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.948 (1 + (1- 33%) (0.08%))
0.965
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.965 * 6.07%)
5.47%

Discounted Cash Flow Calculation for DB:9TG using Dividend Discount Model Model

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

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

See our documentation to learn about this calculation.

DB:9TG Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €3.88 / (5.47% - -0.39%)
€65.14
DB:9TG Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:9TG represents 0.99161x of ENXTPA:GTT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99161x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 66.25 x 0.99161
€65.69
Value per share (EUR) From above. €65.69
Current discount Discount to share price of €70.95
= -1 x (€70.95 - €65.69) / €65.69
-8%

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

  • The current share price of Gaztransport & Technigaz is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Gaztransport & Technigaz's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gaztransport & Technigaz's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:9TG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €3.87
ENXTPA:GTT Share Price ** ENXTPA (2020-04-07) in EUR €71.55
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.51x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

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

** Primary Listing of Gaztransport & Technigaz.

DB:9TG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 71.55 ÷ 3.87

18.5x

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

  • Gaztransport & Technigaz is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Gaztransport & Technigaz is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Gaztransport & Technigaz's expected growth come at a high price?
Raw Data
DB:9TG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
-2.4%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:9TG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.5x ÷ -2.4%

-7.74x

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

  • Gaztransport & Technigaz 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 Gaztransport & Technigaz's assets?
Raw Data
DB:9TG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €5.46
ENXTPA:GTT Share Price * ENXTPA (2020-04-07) in EUR €71.55
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:9TG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 71.55 ÷ 5.46

13.11x

* Primary Listing of Gaztransport & Technigaz.

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

  • Gaztransport & Technigaz is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Gaztransport & Technigaz'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 Oil and Gas 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 Oil and Gas industry average (and greater than 0)? (1 check)
  5. Gaztransport & Technigaz has a total score of 0/6, 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.

9TG Future Performance

 How is Gaztransport & Technigaz expected to perform in the next 1 to 3 years based on estimates from 7 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
-2.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gaztransport & Technigaz expected to grow at an attractive rate?
  • Gaztransport & Technigaz'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
  • Gaztransport & Technigaz's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Gaztransport & Technigaz's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:9TG Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:9TG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts -2.4%
DB:9TG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 1.3%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
DB:9TG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:9TG Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 356 137 148 3
2023-12-31 311 120 128 3
2022-12-31 314 164 149 6
2021-12-31 357 189 181 7
2020-12-31 378 167 193 7
2020-04-08
DB:9TG Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 288 128 143
2019-09-30 265 140 134
2019-06-30 241 152 124
2019-03-31 244 168 133
2018-12-31 246 184 143
2018-09-30 247 166 137
2018-06-30 247 148 131
2018-03-31 240 132 123
2017-12-31 232 117 116
2017-09-30 231 117 118
2017-06-30 230 118 120
2017-03-31 233 105 120

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Gaztransport & Technigaz's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Gaztransport & Technigaz's revenue is expected to grow by 1.3% yearly, however this is not considered high growth (20% yearly).
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:9TG 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 7 Analyst Estimates (S&P Global) See Below

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

DB:9TG Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 3.96 3.96 3.96 1.00
2023-12-31 3.31 3.31 3.31 1.00
2022-12-31 4.00 4.94 2.97 5.00
2021-12-31 4.78 5.54 3.34 6.00
2020-12-31 5.21 5.73 3.96 7.00
2020-04-08
DB:9TG Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 3.87
2019-09-30 3.60
2019-06-30 3.34
2019-03-31 3.60
2018-12-31 3.85
2018-09-30 3.69
2018-06-30 3.53
2018-03-31 3.33
2017-12-31 3.14
2017-09-30 3.19
2017-06-30 3.25
2017-03-31 3.24

*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.
  • Gaztransport & Technigaz is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Gaztransport & Technigaz's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Gaztransport & Technigaz has a total score of 1/6, see the detailed checks below.

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

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

9TG Past Performance

  How has Gaztransport & Technigaz 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 Gaztransport & Technigaz's growth in the last year to its industry (Oil and Gas).
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.
  • Gaztransport & Technigaz's year on year earnings growth rate has been positive over the past 5 years.
  • Gaztransport & Technigaz's 1-year earnings growth is less than its 5-year average (0.4% vs 4%)
  • Gaztransport & Technigaz's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (0.4% vs -0.6%).
Earnings and Revenue History
Gaztransport & Technigaz'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 Gaztransport & Technigaz Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:9TG Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 288.22 143.38 105.55
2019-09-30 264.80 133.53 99.59
2019-06-30 241.38 123.68 93.64
2019-03-31 243.68 133.24 90.21
2018-12-31 245.99 142.80 86.77
2018-09-30 246.74 136.77 83.74
2018-06-30 247.49 130.74 80.71
2018-03-31 239.54 123.49 79.34
2017-12-31 231.59 116.25 77.96
2017-09-30 230.80 118.35 81.31
2017-06-30 230.02 120.46 84.66
2017-03-31 232.78 120.10 85.93
2016-12-31 235.55 119.75 87.21
2016-09-30 236.98 121.64 86.59
2016-06-30 238.41 123.54 85.98
2016-03-31 232.43 120.40 85.64
2015-12-31 226.46 117.26 85.31
2015-09-30 221.60 113.99 84.90
2015-06-30 216.74 110.73 84.49
2015-03-31 221.75 113.06 84.75
2014-12-31 226.76 115.40 85.02
2014-09-30 231.55 119.26 85.72
2014-06-30 236.89 127.72 82.12
2014-03-31 227.26 123.23 78.92
2013-12-31 217.63 118.74 75.72
2013-09-30 191.88 113.67 69.44

*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.
  • Gaztransport & Technigaz made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Gaztransport & Technigaz used its assets more efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Gaztransport & Technigaz's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Gaztransport & Technigaz'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 Oil and Gas 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.
Gaztransport & Technigaz 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.

9TG Health

 How is Gaztransport & Technigaz'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 Gaztransport & Technigaz's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gaztransport & Technigaz is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Gaztransport & Technigaz's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Gaztransport & Technigaz'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 175.6x 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 Gaztransport & Technigaz Company Filings, last reported 3 months ago.

DB:9TG Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 202.28 2.11 169.02
2019-09-30 202.28 2.11 169.02
2019-06-30 170.66 2.23 155.62
2019-03-31 170.66 2.23 155.62
2018-12-31 179.44 2.44 173.18
2018-09-30 179.44 2.44 173.18
2018-06-30 161.45 2.93 125.27
2018-03-31 161.45 2.93 125.27
2017-12-31 136.41 0.62 99.89
2017-09-30 136.41 0.62 99.89
2017-06-30 133.43 0.88 85.01
2017-03-31 133.43 0.88 85.01
2016-12-31 120.20 1.11 82.02
2016-09-30 120.20 1.11 82.02
2016-06-30 111.04 1.39 67.37
2016-03-31 111.04 1.39 67.37
2015-12-31 100.71 1.65 86.13
2015-09-30 100.71 1.65 86.13
2015-06-30 88.44 1.95 52.42
2015-03-31 88.44 1.95 52.42
2014-12-31 76.14 2.23 69.71
2014-09-30 76.14 2.23 69.71
2014-06-30 73.92 2.21 61.80
2014-03-31 73.92 2.21 61.80
2013-12-31 86.76 2.64 87.18
2013-09-30 53.49 2.59 76.20
  • Gaztransport & Technigaz's level of debt (1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (2.9% vs 1% today).
  • Debt is well covered by operating cash flow (6095.8%, greater than 20% of total debt).
  • Gaztransport & Technigaz earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Gaztransport & Technigaz'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. Gaztransport & Technigaz 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.

9TG Dividends

 What is Gaztransport & Technigaz'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
4.54%
Current annual income from Gaztransport & Technigaz dividends. Estimated to be 5.43% next year.
If you bought €2,000 of Gaztransport & Technigaz shares you are expected to receive €91 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?
  • Gaztransport & Technigaz's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • Gaztransport & Technigaz's dividend is below the markets top 25% of dividend payers in Germany (4.71%).
Upcoming dividend payment

Purchase Gaztransport & Technigaz before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:9TG 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 7 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

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

DB:9TG Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 3.27 2.00
2023-12-31 3.17 3.00
2022-12-31 3.71 5.00
2021-12-31 4.12 7.00
2020-12-31 4.24 7.00
2020-04-08
DB:9TG Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-02-27 3.250 4.951
2019-07-25 3.290 3.808
2019-02-26 3.580 4.257
2018-07-26 2.660 4.064
2018-02-16 2.660 5.118
2017-07-20 2.660 5.805
2017-05-18 2.660 7.452
2016-05-18 2.660 8.423
2015-07-21 2.460 6.674
2015-02-12 2.660 4.748
2014-07-24 3.530 7.508

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

  • Gaztransport & Technigaz has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Gaztransport & Technigaz has only been paying a dividend for 6 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Gaztransport & Technigaz's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Gaztransport & Technigaz's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Gaztransport & Technigaz afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gaztransport & Technigaz 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.

9TG Management

 What is the CEO of Gaztransport & Technigaz'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
Philippe Berterottière
COMPENSATION €684,737
AGE 62
TENURE AS CEO 11.3 years
CEO Bio

Mr. Philippe Berterottière serves as the Chairman of Gaztransport & Technigaz SAS since December 11, 2013. Mr. Berterottière has been its Chief Executive Officer since 2009. Mr. Berterottière served as President at Gaztransport & Technigaz SAS. He served as Senior Vice President of Sales Marketing and Customer Programs of Arianespace SA since September 2001. Mr. Berterottière served as Vice President of Sales, Marketing and Customer Programs of Arianespace since October 1999 and its Vice President of Sales since 1998. He joined Arianespace as Sales and Marketing Director in 1992 and in particular was responsible for Middle East and Asia. He served as Sales Contract Manager and Business Development Director of Airbus Industries from 1982 to 1988. He Joined Defense Division of the Matra Group in 1988, where he served as its Sales Director of Asia. He is Chevalier de l'Ordre National du Mérite. He is a Graduate of the H.E.C. Business School and of the I.E.P. political studies institute.

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

Average tenure of the Gaztransport & Technigaz management team in years:

2.3
Average Tenure
  • The tenure for the Gaztransport & Technigaz management team is about average.
Management Team

Philippe Berterottière

TITLE
Chairman & CEO
COMPENSATION
€685K
AGE
62
TENURE
11.3 yrs

Marc Haestier

TITLE
Chief Financial Officer
AGE
59
TENURE
3.3 yrs

Karim Chapot

TITLE
Technical Vice President

Sandrine Vibert

TITLE
Vice President of Human Resources
TENURE
1.3 yrs

Pierre Lecourtois

TITLE
Head of Quality

Lélia Ghilini

TITLE
Secretary General
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Gaztransport & Technigaz board of directors in years:

3.5
Average Tenure
52
Average Age
  • The tenure for the Gaztransport & Technigaz board of directors is about average.
Board of Directors

Christian Germa

TITLE
Independent Director
COMPENSATION
€66K
AGE
49
TENURE
4.9 yrs

Philippe Berterottière

TITLE
Chairman & CEO
COMPENSATION
€685K
AGE
62
TENURE
6.3 yrs

Bruno Y. Chabas

TITLE
Director
COMPENSATION
€31K
AGE
55
TENURE
1.9 yrs

Benoît Mignard

TITLE
Observer
AGE
60
TENURE
1.9 yrs

Michèle Azalbert

TITLE
Independent Director
COMPENSATION
€35K
AGE
52
TENURE
4.9 yrs

Andrew Jamieson

TITLE
Independent Director
COMPENSATION
€44K
AGE
72
TENURE
3.5 yrs

Ana Busto

TITLE
Director
COMPENSATION
€28K
AGE
49
TENURE
2.9 yrs

Cécile Prévieu

TITLE
Director
COMPENSATION
€32K
AGE
43
TENURE
3.5 yrs

Pierre Jean Guiollot

TITLE
Director
AGE
51
TENURE
0.2 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 Gaztransport & Technigaz'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. Gaztransport & Technigaz 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.

9TG News

Simply Wall St News

9TG Company Info

Description

Gaztransport & Technigaz SA, an engineering company, provides cryogenic membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG). The company offers bunkering solutions, such as commercial vessel tanks, small and medium-capacity LNG carriers, bunker barges, and floating storage structures and tanks for supplying LNG to merchant vessels other than LNG carriers; LNG fuel storage solutions for the merchant vessels that use LNG as a bunker fuel to replace the conventional fuel oils. It also provides membrane technology to LNG as fuel for the propulsion of vessels and the development of small-and medium-sized maritime and river carriers; and logistics chain services comprising onshore storage tanks redistribution terminals used to supply merchant vessels. In addition, the company licenses its technologies to shipyards. Further, it provides engineering, consultancy, training, maintenance support, and technical support services. The company serves shipyards, ship-owners, terminal operators, and gas companies. Gaztransport & Technigaz SA was founded in 1965 and is headquartered in Saint-Rémy-lès-Chevreuse, France.

Details
Name: Gaztransport & Technigaz SA
9TG
Exchange: DB
Founded: 1965
€2,652,128,109
37,066,780
Website: http://www.gtt.fr
Address: Gaztransport & Technigaz SA
1, route de Versailles,
Saint-Rémy-lès-Chevreuse,
Ile-de-France, 78470,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA GTT Ordinary Shares Euronext Paris FR EUR 27. Feb 2014
OTCPK GZPZ.F Ordinary Shares Pink Sheets LLC US USD 27. Feb 2014
DB 9TG Ordinary Shares Deutsche Boerse AG DE EUR 27. Feb 2014
LSE 0QT5 Ordinary Shares London Stock Exchange GB EUR 27. Feb 2014
BATS-CHIXE GTTP Ordinary Shares BATS 'Chi-X Europe' GB EUR 27. Feb 2014
Number of employees
Current staff
Staff numbers
456
Gaztransport & Technigaz employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 01:02
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/02/27
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.