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CGG

DB:GDGF
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GDGF
DB
€706M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

CGG operates as a geoscience company in North America, the Central and South Americas, Europe, Africa, the Middle East, and the Asia Pacific. The last earnings update was 32 days ago. More info.


Add to Portfolio Compare Print
  • CGG has significant price volatility in the past 3 months.
GDGF Share Price and Events
7 Day Returns
18.6%
DB:GDGF
8.1%
Europe Energy Services
-0.6%
DE Market
1 Year Returns
-43.8%
DB:GDGF
-57.2%
Europe Energy Services
-20.9%
DE Market
GDGF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CGG (GDGF) 18.6% -48.7% -67.1% -43.8% -84.7% -99.5%
Europe Energy Services 8.1% -27.8% -50.1% -57.2% -65.6% -87.6%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • GDGF outperformed the Energy Services industry which returned -57.2% over the past year.
  • GDGF underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
GDGF
Industry
5yr Volatility vs Market

GDGF Value

 Is CGG 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 CGG 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 CGG.

DB:GDGF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.6%
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:GDGF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.912 (1 + (1- 33%) (173.62%))
1.651
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.65
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.651 * 6.07%)
9.63%

Discounted Cash Flow Calculation for DB:GDGF using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for CGG is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:GDGF DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.63%)
2020 32.85 Analyst x4 29.96
2021 119.93 Analyst x4 99.78
2022 178.95 Analyst x5 135.80
2023 269.50 Analyst x1 186.55
2024 353.80 Analyst x1 223.39
2025 414.89 Est @ 17.27% 238.94
2026 464.54 Est @ 11.97% 244.04
2027 502.92 Est @ 8.26% 240.99
2028 531.42 Est @ 5.67% 232.27
2029 551.87 Est @ 3.85% 220.02
Present value of next 10 years cash flows $1,851.00
DB:GDGF DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $551.87 × (1 + -0.39%) ÷ (9.63% – -0.39%)
$5,484.96
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $5,484.96 ÷ (1 + 9.63%)10
$2,186.70
DB:GDGF Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,851.00 + $2,186.70
$4,037.70
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4,037.70 / 709.94
$5.69
DB:GDGF Discount to Share Price
Calculation Result
Exchange Rate USD/EUR
(Reporting currency to currency of ENXTPA:CGG)
0.925
Value per Share
(EUR)
= Value per Share in USD x Exchange Rate (USD/EUR)
= $5.69 x 0.925
€5.26
Non-primary Listing Adjustment Factor 1 share in DB:GDGF represents 0.95999x of ENXTPA:CGG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.95999x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 5.26 x 0.95999
€5.05
Value per share (EUR) From above. €5.05
Current discount Discount to share price of €0.96
= -1 x (€0.96 - €5.05) / €5.05
81.1%

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

Current Discount
Amount off the current price CGG is available for.
Intrinsic value
>50%
Share price is €0.96 vs Future cash flow value of €5.05
Current Discount Checks
For CGG to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • CGG's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • CGG's share price is below the future cash flow value, and 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 CGG's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CGG's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:GDGF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.17
ENXTPA:CGG Share Price ** ENXTPA (2020-04-06) in EUR €0.99
ENXTPA:CGG Share Price converted to USD reporting currency Exchange rate (EUR/ USD) 1.081 $1.08
Europe Energy Services Industry PE Ratio Median Figure of 31 Publicly-Listed Energy Services Companies 8.85x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

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

** Primary Listing of CGG.

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

= ENXTPA:CGG Share Price ÷ EPS (both in USD)

= 1.08 ÷ 0.17

6.44x

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

  • CGG is good value based on earnings compared to the Europe Energy Services industry average.
  • CGG is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does CGG's expected growth come at a high price?
Raw Data
DB:GDGF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
-17.1%per year
Europe Energy Services Industry PEG Ratio Median Figure of 20 Publicly-Listed Energy Services Companies 0.51x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.44x ÷ -17.1%

-0.38x

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

  • CGG 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 CGG's assets?
Raw Data
DB:GDGF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $2.20
ENXTPA:CGG Share Price * ENXTPA (2020-04-06) in EUR €0.99
ENXTPA:CGG Share Price converted to USD reporting currency Exchange rate (EUR/ USD) 1.081 $1.08
Europe Energy Services Industry PB Ratio Median Figure of 70 Publicly-Listed Energy Services Companies 0.4x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:GDGF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:CGG Share Price ÷ Book Value per Share (both in USD)

= 1.08 ÷ 2.20

0.49x

* Primary Listing of CGG.

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

  • CGG is overvalued based on assets compared to the Europe Energy Services industry average.
X
Value checks
We assess CGG'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 Energy Services 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 Energy Services industry average (and greater than 0)? (1 check)
  5. CGG 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.

GDGF Future Performance

 How is CGG expected to perform in the next 1 to 3 years based on estimates from 11 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
-17.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CGG expected to grow at an attractive rate?
  • CGG'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
  • CGG's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • CGG's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:GDGF Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:GDGF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts -17.1%
DB:GDGF Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 1.2%
Europe Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 21.1%
Europe Energy Services Industry Revenue Growth Rate Market Cap Weighted Average -0.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*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:GDGF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:GDGF Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 1,491 1
2023-12-31 1,422 1,027 1
2022-12-31 1,354 623 77 7
2021-12-31 1,290 501 5 11
2020-12-31 1,240 385 -71 11
2020-04-07
DB:GDGF Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,357 584 119
2019-09-30 1,301 583 -247
2019-06-30 1,366 387 -279
2019-03-31 1,281 374 -227
2018-12-31 1,195 246 498
2018-09-30 940 251 972
2018-06-30 872 282 817
2018-03-31 972 204 584
2017-12-31 1,036 196 -267
2017-09-30 1,249 176 -717
2017-06-30 1,193 59 -680
2017-03-31 1,133 148 -588

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CGG's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • CGG's revenue is expected to grow by 1.2% 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:GDGF 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 11 Analyst Estimates (S&P Global) See Below

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

DB:GDGF Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.15 0.34 0.01 5.00
2021-12-31 0.01 0.27 -0.25 7.00
2020-12-31 -0.10 0.05 -0.26 7.00
2020-04-07
DB:GDGF Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.17
2019-09-30 -0.34
2019-06-30 -0.39
2019-03-31 -0.32
2018-12-31 0.82
2018-09-30 2.14
2018-06-30 2.86
2018-03-31 4.90
2017-12-31 -5.81
2017-09-30 -32.40
2017-06-30 -30.71
2017-03-31 -26.58

*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.
  • CGG is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess CGG'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.
CGG 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.

GDGF Past Performance

  How has CGG 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 CGG's growth in the last year to its industry (Energy Services).
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.
  • CGG has delivered over 20% year on year earnings growth in the past 5 years.
  • CGG's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • CGG's 1-year earnings growth is negative, it can't be compared to the Europe Energy Services industry average.
Earnings and Revenue History
CGG'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 CGG Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GDGF Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,356.60 118.60 113.20 23.60
2019-09-30 1,301.10 -246.70 120.50 34.00
2019-06-30 1,365.70 -278.60 121.20 33.90
2019-03-31 1,281.00 -227.10 125.80 31.50
2018-12-31 1,194.90 498.40 127.00 30.50
2018-09-30 940.30 972.10 115.30 10.90
2018-06-30 872.30 816.90 118.30 11.00
2018-03-31 971.60 583.70 118.80 14.70
2017-12-31 1,035.90 -267.30 120.70 17.90
2017-09-30 1,248.80 -717.10 137.30 28.40
2017-06-30 1,193.00 -679.80 135.80 27.70
2017-03-31 1,133.40 -588.40 139.70 9.70
2016-12-31 964.70 -295.10 126.40 16.70
2016-09-30 1,457.40 -553.10 156.70 10.90
2016-06-30 1,663.20 -1,540.10 167.70 22.90
2016-03-31 1,845.70 -1,523.80 175.60 54.70
2015-12-31 2,102.30 -1,450.20 185.70 68.70
2015-09-30 2,419.50 -1,860.80 198.60 87.70
2015-06-30 2,643.60 -904.50 217.40 94.70
2015-03-31 2,860.20 -1,169.50 239.30 100.90
2014-12-31 3,096.90 -1,154.40 260.50 101.20
2014-09-30 3,146.40 -1,297.60 279.10 99.70
2014-06-30 3,360.60 -1,177.30 305.30 108.90
2014-03-31 3,703.20 -815.90 326.50 106.20
2013-12-31 3,767.90 -698.80 334.50 105.90
2013-09-30 3,750.70 123.40 329.20 111.50
2013-06-30 3,697.90 165.60 308.00 99.30

*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.
  • CGG has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CGG used its assets more efficiently than the Europe Energy Services industry average last year based on Return on Assets.
  • CGG has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess CGG'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 Energy Services 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.
CGG 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.

GDGF Health

 How is CGG'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 CGG's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CGG is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CGG's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CGG'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 1.5x 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 CGG Company Filings, last reported 3 months ago.

DB:GDGF Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,607.40 1,326.00 610.50
2019-09-30 1,579.90 1,140.00 595.60
2019-06-30 1,552.00 1,134.90 441.20
2019-03-31 1,650.30 1,343.40 475.10
2018-12-31 1,674.10 1,116.70 434.10
2018-09-30 2,445.10 1,129.10 412.20
2018-06-30 2,442.30 1,109.10 446.90
2018-03-31 2,490.10 1,145.10 538.10
2017-12-31 528.10 2,897.20 315.40
2017-09-30 619.60 2,845.30 333.20
2017-06-30 776.50 2,753.80 314.80
2017-03-31 1,007.10 2,662.90 391.10
2016-12-31 1,156.80 2,850.40 538.80
2016-09-30 1,415.30 2,907.50 603.50
2016-06-30 1,507.80 2,601.60 451.20
2016-03-31 1,579.60 2,464.30 362.60
2015-12-31 1,358.40 2,884.80 385.60
2015-09-30 1,596.20 2,873.10 335.40
2015-06-30 2,688.20 2,720.80 223.60
2015-03-31 2,750.50 2,622.10 236.00
2014-12-31 2,746.20 2,778.90 360.50
2014-09-30 3,404.10 2,831.10 252.00
2014-06-30 3,495.60 2,960.00 385.30
2014-03-31 3,851.00 2,886.50 458.90
2013-12-31 3,890.10 2,747.60 531.80
2013-09-30 4,711.00 2,688.70 319.80
2013-06-30 4,697.40 2,529.10 358.80
  • CGG's level of debt (70.8%) 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 (101.1% vs 70.8% today).
  • Debt is well covered by operating cash flow (51.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.2x coverage).
X
Financial health checks
We assess CGG'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. CGG has a total score of 5/6, 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.

GDGF Dividends

 What is CGG'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
0%
Current annual income from CGG dividends. Estimated to be 0.92% next year.
If you bought €2,000 of CGG shares you are expected to receive €0 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?
  • Unable to evaluate CGG's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate CGG's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:GDGF 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 11 Analyst Estimates (S&P Global) See Below
Europe Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 6.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
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:GDGF Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 0.00 1.00
2023-12-31 0.00 1.00
2022-12-31 0.04 4.00
2021-12-31 0.01 7.00
2020-12-31 0.00 8.00
2020-04-07

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

  • Unable to perform a dividend volatility check as CGG has not reported any payouts.
  • Unable to verify if CGG's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of CGG's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as CGG has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.4x coverage).
X
Income/ dividend checks
We assess CGG'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 CGG afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CGG has a total score of 1/6, see the detailed checks below.


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

GDGF Management

 What is the CEO of CGG'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
Sophie Zurquiyah-Rousset
COMPENSATION $2,369,476
AGE 53
TENURE AS CEO 2 years
CEO Bio

Mrs. Sophie Zurquiyah-Rousset has been Chief Executive Officer and Director of CGG since April 26, 2018. Mrs. Zurquiyah-Rousset has been Independent Director of Safran SA since June 15, 2017. She served as a Senior Executive Vice President of Geology, Geophysics & Reservoir Division at CCG from February 6, 2013 to April 26, 2018. and served as its Group Chief Operating Officer and Corporate Officer from September 1, 2015 to April 26, 2018. Ms. Zurquiyah-Rousset joined CGG in February 4, 2013 as Senior Executive Vice-President of the Geology, Geophysics & Reservoir (GGR) business. On November 18, 2017, Sophie Zurquiyah was appointed as a member of the French Industry Council by way of a ministerial decree. She has served as a Corporate officer of CGG Services, Inc. (United States) and Director of PetroEdge Energy IV, LLC. She served as a Chief Operating Officer of CCG SA until January 2017, Director of Magnitude Microseismic, LLC (United States) until 2015 and Corporate officer of Schlumberger Technology Corporation (United States) until 2013. She served as the President of Data & Consulting Services of Schlumberger Limited from 2009 to 2012 and also served as its Chief Information Officer from December 2006 to 2009. She was responsible for Information Systems and IT services globally and headed a business supported by a large group of Petro-technical experts that perform the interpretation of Schlumberger measurements as well as provide sub-surface consulting services. Ms. Zurquiyah-Rousset served as Director of Personnel, Oilfield Services at Schlumberger Limited from April 2005 to December 2006, OFS GeoMarket Manager Latin America South from February 2003 to April 2005 and Schlumberger Conveyance and Delivery Center Manager from July 2000 to February 2003. She started her career with Schlumberger in 1991 as a Geophysics Engineer and held a variety of positions in Engineering and Manufacturing in France and US. She served as Human Resources Director for Oilfield Services at Schlumberger headquarters in Paris from 2005 to 2007. She served as General Manager for the Schlumberger South Latin America Region, based in Rio de Janeiro in 2003. She headed a business supported by a large group of Petro-technical experts that perform the interpretation of Schlumberger measurements as well as provide sub-surface consulting services. She served as Vice President of Sustaining Engineering and was an in charge of a global organization supporting all Schlumberger commercial products and technologies. Ms. Sophie Zurquiyah brings to the Board her experience of heading up innovative global corporations specialized in high-tech industrial equipment and services, as well as an international outlook, expertise in various operational and corporate positions, and her extensive knowledge of North America and Latin America. She is a graduate of the Ecole Centrale de Paris and a Master of Science in Numerical Analysis from the Pierre and Marie Curie University (Paris 6), as well as a Master of Science in Aerospace Engineering from the University of Colorado.

CEO Compensation
  • Sophie's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Sophie's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

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

5.9
Average Tenure
58
Average Age
  • The average tenure for the CGG management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Sophie Zurquiyah-Rousset

TITLE
CEO & Director
COMPENSATION
$2M
AGE
53
TENURE
2 yrs

Yuri Baidoukov

TITLE
Senior EVP & Group CFO
AGE
53
TENURE
1.6 yrs

Christophe Barnini

TITLE
Head of Group Communications & Investor Relations
AGE
58

Eduardo Coutinho

TITLE
Executive VP & Group General Counsel

Hovey Cox

TITLE
Executive VP of Group Marketing & Sales and Communications

Jérôme Denigot

TITLE
Executive Vice President of Group Human Resources

Pascal Rouiller

TITLE
Senior Executive Vice President of Acquisition & Equipment
COMPENSATION
$584K
AGE
65
TENURE
14.6 yrs

Colin Murdoch

TITLE
Executive Vice President of Geoscience
AGE
63
TENURE
9.8 yrs

Dechun Lin

TITLE
Executive Vice President of Multi-Client

Emmanuel Odin

TITLE
Senior Vice President of HSE-SD and Deputy to Senior EVP of Acquisition
Board of Directors Tenure

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

2.2
Average Tenure
61
Average Age
  • The average tenure for the CGG board of directors is less than 3 years, this suggests a new board.
Board of Directors

Philippe Salle

TITLE
Independent Chairman of the Board
COMPENSATION
$223K
AGE
54
TENURE
2.3 yrs

Sophie Zurquiyah-Rousset

TITLE
CEO & Director
COMPENSATION
$2M
AGE
53
TENURE
2 yrs

Yves Lesage

TITLE
Honorary Chairman
COMPENSATION
$26K
AGE
81
TENURE
20.9 yrs

Colette Lewiner

TITLE
Independent Director
COMPENSATION
$43K
AGE
74
TENURE
2.1 yrs

Mike Daly

TITLE
Independent Director
COMPENSATION
$55K
AGE
66
TENURE
4.6 yrs

Anne-France Laclide-Drouin

TITLE
Independent Director
COMPENSATION
$61K
AGE
51
TENURE
2.5 yrs

Mario Ruscev

TITLE
Independent Director
COMPENSATION
$61K
AGE
63
TENURE
2.1 yrs

Helen Bouygues

TITLE
Independent Director
COMPENSATION
$46K
AGE
47
TENURE
2.1 yrs

Heidi Petersen

TITLE
Independent Director
COMPENSATION
$54K
AGE
61
TENURE
2.1 yrs

Patrice Guillaume

TITLE
Director
AGE
61
TENURE
2.3 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 CGG'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. CGG 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.

GDGF News

Simply Wall St News

GDGF Company Info

Description

CGG operates as a geoscience company in North America, the Central and South Americas, Europe, Africa, the Middle East, and the Asia Pacific. It operates through Geology, Geophysics & Reservoir; and Equipment segments. The Geology, Geophysics & Reservoir segment develops and licenses multi-client seismic surveys; processes seismic data; and sells seismic data processing and reservoir characterization software primarily under the geovation, Hampson-Russell, and Jason brands. It also provides geoscience and petroleum engineering consulting services; and data management services and software to its clients, as well as collects, develops, and licenses geological data under the Robertson brand. The Equipment segment manufactures and sells seismic equipment used for land and marine seismic data acquisition, including seismic recording equipment, software, and seismic sources for land vibrators or marine air guns. It also provides integrated solutions; and customer support services, such as training. The company was formerly known as Compagnie Générale de Géophysique — Veritas SA and changed its name to CGG in 2013. CGG was founded in 1931 and is headquartered in Paris, France.

Details
Name: CGG
GDGF
Exchange: DB
Founded: 1931
€706,245,035
709,936,706
Website: http://www.cgg.com
Address: CGG
Tour Maine Montparnasse,
33, avenue du Maine,
Paris,
Ile-de-France, 75015,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA CGG Common Stock Euronext Paris FR EUR 02. Jan 1992
OTCPK CGPV.F Common Stock Pink Sheets LLC US USD 02. Jan 1992
DB GDGE Common Stock Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0RI9 Common Stock London Stock Exchange GB EUR 02. Jan 1992
BMV CGG N Common Stock Bolsa Mexicana de Valores MX MXN 02. Jan 1992
BATS-CHIXE CGGP Common Stock BATS 'Chi-X Europe' GB EUR 02. Jan 1992
OTCPK CGGY.Y SPON ADR EACH REP 1 ORD(POST REV SPLIT) Pink Sheets LLC US USD 07. May 1997
ENXTPA CGGNV EUR0.01 (RFD 01/01/2020) Euronext Paris FR EUR 17. Feb 2020
DB GDGF SPON ADR EACH REP 1 ORD(POST REV SPLIT) Deutsche Boerse AG DE EUR 07. May 1997
Number of employees
Current staff
Staff numbers
4,600
CGG employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 02:30
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/06
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.