Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Bourbon Corporation

DB:GSH
Snowflake Description

Mediocre balance sheet with concerning outlook.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GSH
DB
€284M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Bourbon Corporation SA provides marine and subsea services for oil and gas fields and wind farms. The last earnings update was 103 days ago. More info.


Add to Portfolio Compare Print
GSH Share Price and Events
7 Day Returns
0%
DB:GSH
1.8%
Europe Energy Services
-0.5%
DE Market
1 Year Returns
-0.1%
DB:GSH
1.9%
Europe Energy Services
16.2%
DE Market
GSH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bourbon Corporation (GSH) 0% 0% 0.4% -0.1% -69.4% -79.2%
Europe Energy Services 1.8% 8.2% 13.9% 1.9% -37.1% -66.2%
DE Market -0.5% 0.4% 9.9% 16.2% 5.7% 16.9%
1 Year Return vs Industry and Market
  • GSH underperformed the Energy Services industry which returned 1.9% over the past year.
  • GSH underperformed the Market in Germany which returned 16.2% over the past year.
Price Volatility
GSH
Industry
5yr Volatility vs Market

Value

 Is Bourbon Corporation 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 Bourbon Corporation 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 Bourbon Corporation.

DB:GSH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in EUR € 0.65
Payout Ratio Company Filings (2019-06-30) -368.9%
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:GSH
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 1.15
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.153 (1 + (1- 33%) (878.35%))
5.649
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:GSH using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Bourbon Corporation 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:GSH Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €0.65 / (11.75% - -0.39%)
€0.85
DB:GSH Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:GSH represents 1.01089x of ENXTPA:GBB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.01089x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 0.83 x 1.01089
€0.84
Value per share (EUR) From above. €0.84
Current discount Discount to share price of €3.72
= -1 x (€3.72 - €0.84) / €0.84
-342.4%

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

  • The current share price of Bourbon Corporation 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 Bourbon Corporation's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bourbon Corporation's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:GSH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €-5.12
ENXTPA:GBB Share Price ** ENXTPA (2019-10-10) in EUR €3.68
Europe Energy Services Industry PE Ratio Median Figure of 29 Publicly-Listed Energy Services Companies 16.34x
Germany Market PE Ratio Median Figure of 403 Publicly-Listed Companies 20.62x

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

** Primary Listing of Bourbon Corporation.

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

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

= 3.68 ÷ -5.12

-0.72x

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

  • Bourbon Corporation is loss making, we can't compare its value to the Europe Energy Services industry average.
  • Bourbon Corporation is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Bourbon Corporation's expected growth come at a high price?
Raw Data
DB:GSH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.72x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
26%per year
Europe Energy Services Industry PEG Ratio Median Figure of 19 Publicly-Listed Energy Services Companies 0.77x
Germany Market PEG Ratio Median Figure of 262 Publicly-Listed Companies 1.42x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Bourbon Corporation, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bourbon Corporation's assets?
Raw Data
DB:GSH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €-0.03
ENXTPA:GBB Share Price * ENXTPA (2019-10-10) in EUR €3.68
Europe Energy Services Industry PB Ratio Median Figure of 69 Publicly-Listed Energy Services Companies 0.8x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.86x
DB:GSH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 3.68 ÷ -0.03

-129.22x

* Primary Listing of Bourbon Corporation.

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

  • Bourbon Corporation has negative assets, we can't compare the value of its assets to the Europe Energy Services industry average.
X
Value checks
We assess Bourbon Corporation'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. Bourbon Corporation 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.

Future Performance

 How is Bourbon Corporation expected to perform in the next 1 to 3 years based on estimates from 3 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
26%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bourbon Corporation expected to grow at an attractive rate?
  • Unable to compare Bourbon Corporation's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Bourbon Corporation's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • Bourbon Corporation's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:GSH Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:GSH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 26%
DB:GSH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 14.3%
Europe Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 34.1%
Europe Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 7.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*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:GSH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:GSH Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 943 134 -196 3
2020-12-31 831 -74 -238 3
2020-01-07
2019-12-31 724 -106 -336 2
DB:GSH Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 651 108 -396
2019-03-31 642 122 -427
2018-12-31 634 136 -458
2018-09-30 660 138 -531
2018-06-30 685 141 -603
2018-03-31 740 146 -590
2017-12-31 794 151 -576
2017-09-30 839 166 -461
2017-06-30 884 181 -345
2017-03-31 952 197 -313
2016-12-31 1,021 214 -280
2016-09-30 1,103 221 -221

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bourbon Corporation is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Bourbon Corporation's revenue is expected to grow by 14.3% 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:GSH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Bourbon Corporation Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GSH Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 -3.60 -2.21 -4.99 2.00
2020-12-31 -3.81 -2.60 -5.01 2.00
2020-01-07
2019-12-31 -5.31 -5.31 -5.31 1.00
DB:GSH Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 -5.12
2019-03-31 -5.52
2018-12-31 -5.92
2018-09-30 -6.86
2018-06-30 -7.81
2018-03-31 -7.64
2017-12-31 -7.47
2017-09-30 -5.98
2017-06-30 -4.48
2017-03-31 -4.05
2016-12-31 -3.63
2016-09-30 -2.87

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Bourbon Corporation will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Bourbon Corporation'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.
Bourbon Corporation 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.

Past Performance

  How has Bourbon Corporation 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 Bourbon Corporation'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.
  • Bourbon Corporation does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Bourbon Corporation's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Bourbon Corporation's 1-year growth to the Europe Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Bourbon Corporation'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 Bourbon Corporation Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GSH Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 650.90 -395.90 187.60
2019-03-31 642.40 -426.85 221.70
2018-12-31 633.90 -457.80 255.80
2018-09-30 659.65 -530.55 254.35
2018-06-30 685.40 -603.30 252.90
2018-03-31 739.50 -589.80 257.25
2017-12-31 793.60 -576.30 261.60
2017-09-30 838.65 -460.85 275.10
2017-06-30 883.70 -345.40 288.60
2017-03-31 952.15 -312.50 296.15
2016-12-31 1,020.60 -279.60 303.70
2016-09-30 1,102.75 -220.65 305.45
2016-06-30 1,184.90 -161.70 307.20
2016-03-31 1,257.25 -119.15 308.65
2015-12-31 1,329.60 -76.60 310.10
2015-09-30 1,367.35 -8.65 298.70
2015-06-30 1,405.10 59.30 287.30
2015-03-31 1,375.75 66.50 267.85
2014-12-31 1,346.40 73.70 248.40
2014-09-30 1,319.60 84.75 221.95
2014-06-30 1,292.80 95.80 195.50
2014-03-31 1,291.20 105.40 172.15
2013-12-31 1,289.60 115.00 148.80
2013-09-30 1,273.95 77.15 139.85
2013-06-30 1,258.30 39.30 130.90
2013-03-31 1,222.60 40.20 125.65

*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.
  • It is difficult to establish if Bourbon Corporation has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Bourbon Corporation has efficiently used its assets last year compared to the Europe Energy Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Bourbon Corporation improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Bourbon Corporation'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.
Bourbon Corporation has a total score of 0/6, 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 Bourbon Corporation'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 Bourbon Corporation's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bourbon Corporation's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Bourbon Corporation's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bourbon Corporation'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.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x 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 Bourbon Corporation Company Filings, last reported 6 months ago.

DB:GSH Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 52.80 1,378.20 204.50
2019-03-31 52.80 1,378.20 204.50
2018-12-31 201.00 1,377.30 217.10
2018-09-30 201.00 1,377.30 217.10
2018-06-30 453.10 1,568.70 257.20
2018-03-31 453.10 1,568.70 257.20
2017-12-31 643.60 1,534.60 243.60
2017-09-30 643.60 1,534.60 243.60
2017-06-30 1,098.00 1,654.70 332.40
2017-03-31 1,098.00 1,654.70 332.40
2016-12-31 1,255.50 1,687.30 281.50
2016-09-30 1,255.50 1,687.30 281.50
2016-06-30 1,396.30 1,760.60 340.30
2016-03-31 1,396.30 1,760.60 340.30
2015-12-31 1,564.30 1,619.20 263.30
2015-09-30 1,564.30 1,619.20 263.30
2015-06-30 1,613.40 1,743.10 426.30
2015-03-31 1,613.40 1,743.10 426.30
2014-12-31 1,624.90 1,652.70 352.40
2014-09-30 1,624.90 1,652.70 352.40
2014-06-30 1,426.10 1,946.80 363.00
2014-03-31 1,426.10 1,946.80 363.00
2013-12-31 1,484.80 2,441.80 768.20
2013-09-30 1,484.80 2,441.80 768.20
2013-06-30 1,407.00 2,503.60 320.70
2013-03-31 1,407.00 2,503.60 320.70
  • Bourbon Corporation's level of debt (2610.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (132.4% vs 2610.2% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Bourbon Corporation has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Bourbon Corporation has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -23.9% per year.
X
Financial health checks
We assess Bourbon Corporation'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. Bourbon Corporation has a total score of 3/6, 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 Bourbon Corporation'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 Bourbon Corporation dividends. Estimated to be 17.69% next year.
If you bought €2,000 of Bourbon Corporation 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 Bourbon Corporation's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Bourbon Corporation'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:GSH 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 3 Analyst Estimates (S&P Global) See Below
Europe Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 3.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

DB:GSH Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.30 1.00
2020-12-31 0.00 1.00
2020-01-07
2019-12-31 0.00 1.00
DB:GSH Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-09-06 0.000 0.000
2018-04-26 0.000 0.000
2018-03-15 0.000 0.000
2017-04-20 0.250 3.211
2016-07-13 1.000 9.022
2015-05-21 1.000 7.836
2014-05-20 1.000 5.049
2013-05-28 0.746 3.596
2012-06-01 0.746 3.875
2011-06-01 0.744 3.641
2010-06-09 0.744 2.754
2009-03-26 0.676 2.862
2009-03-02 0.676 3.946

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

  • Unable to perform a dividend volatility check as Bourbon Corporation has not reported any payouts.
  • Unable to verify if Bourbon Corporation's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Bourbon Corporation's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Bourbon Corporation has not reported any payouts.
Future Payout to shareholders
  • The company is expected to pay a dividend in 3 years whilst incurring a loss, therefore the dividend is not expected to be well covered.
X
Income/ dividend checks
We assess Bourbon Corporation's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bourbon Corporation afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bourbon Corporation has a total score of 0/6, 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 Bourbon Corporation'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
Gaël Bodénès
COMPENSATION €340,971
AGE 51
TENURE AS CEO 1.8 years
CEO Bio

Mr. Gaël Bodénès has been Chief Executive Officer at Bourbon Corporation SA since October 19, 2017 and served as its Executive Vice President from May 26, 2016 to 2018. Mr. Bodénès served as the Chief Operating Officer of Bourbon Corporation SA until October 19, 2017. Mr. Bodénès served as the Chief Operating Officer and Executive Vice President of Bourbon and Bourbon Offshore since January 1, 2011 until June 10, 2016. Mr. Bodénès served as an Executive Vice President of Offshore Division for Business Management at Bourbon from 2010 to January 1, 2011. He began his career for French Navy (DGA) as a naval engineer in the Newbuilding design department, then joined the sales department of the DCN in Brest (France). In 1998, he joined International Shipbrokers Barry Rogliano Salles as senior offshore shipbroker. In September 2002, he joined BOURBON as Marketing and Business Development Manager for the Offshore Division. In this position created in the context of the 2003-2007 strategic business plan involving an investment programme of 1.08bn euros in the offshore business, he supervises the business management of the offshore oil services international fleet. Since September 2005, he served as Deputy Chief Executive Officer of Bourbon Offshore. Mr. Bodénès is a naval engineer graduate in 1991 from ENSIETA (French Navy High School of Naval Engineering). He holds an MBA Degree awarded by HEC Paris (Hautes Etudes Commerciales) in 2007.

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

Jacques de Chateauvieux

TITLE
Executive Chairman of the Board
COMPENSATION
€182K
AGE
68

Gaël Bodénès

TITLE
Chief Executive Officer
COMPENSATION
€341K
AGE
51
TENURE
1.8 yrs

Thierry Hochoa

TITLE
Chief Financial Officer
TENURE
1.4 yrs
Board of Directors Tenure

Average tenure and age of the Bourbon Corporation board of directors in years:

4.1
Average Tenure
51.5
Average Age
  • The tenure for the Bourbon Corporation board of directors is about average.
Board of Directors

Adeline Challon-Kemoun

TITLE
Independent Director
COMPENSATION
€47K
AGE
52
TENURE
2.8 yrs

Jacques de Chateauvieux

TITLE
Executive Chairman of the Board
COMPENSATION
€182K
AGE
68
TENURE
1.8 yrs

Christian Lefèvre

TITLE
Director
COMPENSATION
€32K
AGE
62
TENURE
6.7 yrs

Mahmud Tukur

TITLE
Independent Director
COMPENSATION
€42K
AGE
46
TENURE
7.6 yrs

Xiaowei Wang

TITLE
Director
COMPENSATION
€22K
AGE
51
TENURE
5.7 yrs

Adrien de de Saint-André

TITLE
Director
COMPENSATION
€42K
AGE
38
TENURE
2.6 yrs

Stéphane Leroux

TITLE
Employees Representing Director
AGE
49
TENURE
1.2 yrs

Henri de Chateauvieux

TITLE
Member of Corporate Board
COMPENSATION
€16K
AGE
72
TENURE
5.4 yrs

Patrick Lièvre

TITLE
Alternate Director
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 Bourbon Corporation'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. Bourbon Corporation 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

Bourbon Corporation SA provides marine and subsea services for oil and gas fields and wind farms. It operates through Marine Services and Subsea Services segments. The Marine Services segment offers offshore installation supply; offshore installation anchor handling, towage, and positioning; offshore oil and gas production and storage terminal support; personnel transport; and assistance, salvage, and pollution remediation services. The Subsea Services segment provides offshore operations engineering, supervision, and management; offshore field and wind farm development support; submarine infrastructure inspection, maintenance, and repair; remotely operated vehicles; and subsea well stimulation services. As of December 31, 2017, Bourbon Corporation SA operated through a fleet of approximately 508 vessels in 45 countries worldwide. Bourbon Corporation SA has a strategic partnership agreement with Bureau Veritas to develop and deploy automation and real time monitoring fleet applications and developing digital technologies. The company was formerly known as Bourbon SA and changed its name to Bourbon Corporation SA in 2016. Bourbon Corporation SA was founded in 1948 and is headquartered in Marseille, France.

Details
Name: Bourbon Corporation SA
GSH
Exchange: DB
Founded: 1948
€284,284,597
77,356,353
Website: http://www.bourbonoffshore.com
Address: Bourbon Corporation SA
148, rue Sainte,
Marseille,
Provence-Alpes-Côte d'Azur, 13007,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA GBB Ordinary Shares Euronext Paris FR EUR 22. Oct 1998
DB GSH Ordinary Shares Deutsche Boerse AG DE EUR 22. Oct 1998
LSE 0ELN Ordinary Shares London Stock Exchange GB EUR 22. Oct 1998
Number of employees
Current staff
Staff numbers
8,400
Bourbon Corporation employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/07 20:32
End of day share price update: 2019/10/10 00:00
Last estimates confirmation: 2019/12/24
Last earnings filing: 2019/09/26
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.