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Vallourec

DB:VAC
Snowflake Description

Adequate balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VAC
DB
€526M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Vallourec S.A. through its subsidiaries, provides tubular solutions primarily for the energy markets and other industrial applications in Europe, North America, South America, Asia, the Middle East, and internationally. The last earnings update was 47 days ago. More info.


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  • Vallourec has significant price volatility in the past 3 months.
VAC Share Price and Events
7 Day Returns
12.3%
DB:VAC
8.1%
Europe Energy Services
-0.6%
DE Market
1 Year Returns
-47.7%
DB:VAC
-57.2%
Europe Energy Services
-20.9%
DE Market
VAC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Vallourec (VAC) 12.3% -19.8% -58.3% -47.7% -82.7% -95.4%
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
  • VAC outperformed the Energy Services industry which returned -57.2% over the past year.
  • VAC underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
VAC
Industry
5yr Volatility vs Market

VAC Value

 Is Vallourec 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 Vallourec 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 Vallourec.

DB:VAC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in EUR € 0.0041666666666667
Payout Ratio Company Filings (2019-12-31) 0%
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:VAC
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%) (756.65%))
4.037
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:VAC using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Vallourec 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:VAC Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €0 / (11.75% - -0.39%)
€0.03
DB:VAC Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:VAC represents 0.97869x of ENXTPA:VK
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.97869x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 0.03 x 0.97869
€0.03
Value per share (EUR) From above. €0.03
Current discount Discount to share price of €1.13
= -1 x (€1.13 - €0.03) / €0.03
-3250.6%

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

  • The current share price of Vallourec 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 Vallourec's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Vallourec's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:VAC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €-0.70
ENXTPA:VK Share Price ** ENXTPA (2020-04-06) in EUR €1.15
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 Vallourec.

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

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

= 1.15 ÷ -0.70

-1.64x

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

  • Vallourec is loss making, we can't compare its value to the Europe Energy Services industry average.
  • Vallourec is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Vallourec's expected growth come at a high price?
Raw Data
DB:VAC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
40.9%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 .

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

  • Unable to calculate PEG ratio for Vallourec, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Vallourec's assets?
Raw Data
DB:VAC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €2.64
ENXTPA:VK Share Price * ENXTPA (2020-04-06) in EUR €1.15
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:VAC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.15 ÷ 2.64

0.44x

* Primary Listing of Vallourec.

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

  • Vallourec is overvalued based on assets compared to the Europe Energy Services industry average.
X
Value checks
We assess Vallourec'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. Vallourec 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.

VAC Future Performance

 How is Vallourec expected to perform in the next 1 to 3 years based on estimates from 12 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
40.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Vallourec expected to grow at an attractive rate?
  • Unable to compare Vallourec'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 Vallourec's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • Vallourec's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:VAC Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:VAC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 40.9%
DB:VAC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 2.4%
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:VAC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:VAC Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 4,926 -86 2
2022-12-31 4,399 -168 5
2021-12-31 4,106 294 -107 11
2020-12-31 4,088 158 -141 12
2020-04-06
DB:VAC Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 4,173 118 -338
2019-09-30 4,285 104 -330
2019-06-30 4,186 -92 -363
2019-03-31 4,084 -272 -422
2018-12-31 3,921 -365 -502
2018-09-30 3,875 -468 -563
2018-06-30 3,878 -388 -590
2018-03-31 3,829 -321 -581
2017-12-31 3,750 -272 -537
2017-09-30 3,518 -238 -556
2017-06-30 3,247 -239 -596
2017-03-31 3,077 -209 -600

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Vallourec is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Vallourec's revenue is expected to grow by 2.4% 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:VAC 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 12 Analyst Estimates (S&P Global) See Below

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

DB:VAC Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 -0.93 -0.93 -0.93 1.00
2021-12-31 -0.34 0.37 -1.11 9.00
2020-12-31 -0.37 0.06 -0.99 10.00
2020-04-06
DB:VAC Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 -0.70
2019-09-30 -0.71
2019-06-30 -0.79
2019-03-31 -0.91
2018-12-31 -1.10
2018-09-30 -1.30
2018-06-30 -1.30
2018-03-31 -1.29
2017-12-31 -1.20
2017-09-30 -1.00
2017-06-30 -1.27
2017-03-31 -1.49

*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 Vallourec 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 Vallourec'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.
Vallourec 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.

VAC Past Performance

  How has Vallourec 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 Vallourec'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.
  • Vallourec does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Vallourec's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Vallourec's 1-year growth to the Europe Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Vallourec'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 Vallourec Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:VAC 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 4,173.00 -338.00 378.00
2019-09-30 4,284.68 -330.46 402.29
2019-06-30 4,185.83 -363.07 409.60
2019-03-31 4,083.68 -422.46 402.29
2018-12-31 3,920.68 -502.46 410.29
2018-09-30 3,874.64 -562.69 422.06
2018-06-30 3,877.90 -589.57 423.63
2018-03-31 3,828.64 -580.69 434.06
2017-12-31 3,749.64 -536.69 446.06
2017-09-30 3,518.06 -556.02 447.68
2017-06-30 3,246.93 -596.37 450.65
2017-03-31 3,077.06 -600.02 452.68
2016-12-31 2,965.06 -758.02 455.68
2016-09-30 2,988.42 -1,000.75 468.83
2016-06-30 3,166.51 -1,004.99 482.40
2016-03-31 3,422.42 -1,072.75 499.83
2015-12-31 3,803.42 -864.75 520.83
2015-09-30 4,606.54 -1,531.59 549.25
2015-06-30 5,077.46 -1,342.96 566.76
2015-03-31 5,481.54 -1,055.59 583.25
2014-12-31 5,700.54 -923.59 576.25
2014-09-30 5,645.31 253.86 558.46
2014-06-30 5,682.52 309.29 567.20
2014-03-31 5,636.31 282.86 557.46
2013-12-31 5,578.31 261.86 565.07
2013-09-30 5,434.02 246.76 556.59
2013-06-30 5,388.22 233.04 550.78

*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 Vallourec has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Vallourec 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 Vallourec 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 Vallourec'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.
Vallourec 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.

VAC Health

 How is Vallourec'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 Vallourec's finances.

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

DB:VAC Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,980.00 3,845.00 1,794.00
2019-09-30 2,114.00 3,212.00 1,088.00
2019-06-30 2,185.01 2,870.93 729.15
2019-03-31 2,279.00 3,227.00 1,072.00
2018-12-31 2,264.28 2,767.24 739.58
2018-09-30 2,305.00 2,921.00 769.00
2018-06-30 2,429.46 2,856.45 918.91
2018-03-31 2,636.00 2,693.00 839.00
2017-12-31 2,884.58 2,569.17 1,021.04
2017-09-30 3,090.00 2,711.00 992.00
2017-06-30 3,249.50 2,446.88 866.55
2017-03-31 3,662.00 2,633.00 1,013.00
2016-12-31 3,777.96 2,525.60 1,286.72
2016-09-30 3,508.00 2,336.00 1,316.00
2016-06-30 3,710.01 2,278.56 1,427.10
2016-03-31 2,719.00 3,130.00 1,341.00
2015-12-31 3,037.61 2,071.78 630.54
2015-09-30 3,380.00 2,237.00 604.00
2015-06-30 3,924.87 2,538.28 975.04
2015-03-31 4,193.00 2,806.00 1,203.00
2014-12-31 4,169.61 2,591.94 1,146.91
2014-09-30 5,288.00 2,951.00 1,294.00
2014-06-30 5,186.60 2,500.01 882.07
2014-03-31 5,088.00 2,547.00 919.00
2013-12-31 4,985.94 2,085.62 563.31
2013-09-30 5,024.00 2,386.00 617.00
2013-06-30 5,074.89 2,472.43 843.78
  • Vallourec's level of debt (194.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (61.9% vs 194.2% 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.

  • Vallourec has sufficient cash runway for more than 3 years based on current free cash flow.
  • Vallourec has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 37.8% each year.
X
Financial health checks
We assess Vallourec'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. Vallourec has a total score of 4/6, 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.

VAC Dividends

 What is Vallourec'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 Vallourec dividends. Estimated to be 0.36% next year.
If you bought €2,000 of Vallourec 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 Vallourec's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Vallourec'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:VAC 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 12 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:VAC Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.00 1.00
2022-12-31 0.03 4.00
2021-12-31 0.00 9.00
2020-12-31 0.00 10.00
2020-04-06
DB:VAC Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2016-11-08 0.000 0.000
2016-08-01 0.000 0.000
2016-07-28 0.000 0.000
2016-05-03 0.000 0.000
2016-03-16 0.000 0.000
2016-02-18 0.000 0.000
2015-05-28 0.810 8.843
2014-06-26 0.810 3.092
2013-02-20 0.690 1.709
2012-07-30 1.300 3.535
2012-07-27 1.300 3.893
2012-05-10 1.300 4.154
2011-06-08 1.300 2.443
2010-05-31 1.750 2.278
2009-04-30 3.000 5.285

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

  • Unable to perform a dividend volatility check as Vallourec has not reported any payouts.
  • Unable to verify if Vallourec's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Vallourec's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Vallourec has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Vallourec's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Vallourec'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 Vallourec afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Vallourec 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.

VAC Management

 What is the CEO of Vallourec'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
Edouard Guinotte
AGE 49
TENURE AS CEO 0.1 years
CEO Bio

Mr. Édouard Frederic Guinotte has been Chairman of the Management Board and Member of Management Board at Vallourec S.A. since March 15, 2020. He had been Director of Middle East and Asia at Vallourec SA and served as its Senior Vice President of Middle East Asia since April 1, 2017 until March 15, 2020. He serves as Commissioner at PT Citra Tubindo Tbk since June 14, 2017. Mr. Guinotte joined Vallourec in 1995 as Logistics and Production Manager for Vallourec Composants Automobile Vitry. In 2014, he was appointed as Vice President of Commerce and Development for the OCTG Division in Eastern Hemisphere Region. He has spent his whole career with the Group, undertaking various roles. From 1998 to 2000, he was a Group Corporate Controller. In 2004, he returned to the Automobile division as Director of Marketing before becoming Director of Strategy and Development for the Group's Oil and Gas Division in 2007. From 2011 to 2014, he ran Vallourec USA Corp. He has been Non-Executive Director of Vallourec Tianda (Anhui) Co., Ltd. (Formerly, Anhui Tianda Oil Pipe Company Limited) since December 2, 2016. He holds the INSTEAD Management Program. Mr. Guinotte graduated from Paris' Engineering School of Mines in 1993, majoring in energy and production systems. He graduated from Ecole des Mines in Paris.

CEO Compensation
  • Insufficient data for Edouard to compare compensation growth.
  • Insufficient data for Edouard to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

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

4
Average Tenure
52
Average Age
  • The tenure for the Vallourec management team is about average.
Management Team

Olivier Benedict Mallet

TITLE
Chief Financial and Legal Officer & Member of Management Board
COMPENSATION
€975K
AGE
63
TENURE
11.6 yrs

Edouard Guinotte

TITLE
Chairman of the Management Board
AGE
49
TENURE
0.1 yrs

Philippe Carlier

TITLE
Senior Vice President of Technology & Industry

Jerome Friboulet

TITLE
Director of Investor Relations

Rémi Dujon

TITLE
Legal Director
AGE
49
TENURE
1.9 yrs

François Curie

TITLE
Former Director of Human Resources
TENURE
9.9 yrs

Didier Maurice Hornet

TITLE
Senior Vice President of Development & Innovation
AGE
55
TENURE
3 yrs

Alexandre de Campos Lyra

TITLE
Senior Vice President of South America
TENURE
5 yrs

Nicolas de Coignac

TITLE
Senior Vice President of North America
TENURE
8.3 yrs

Hubert Paris

TITLE
Senior Vice President of Europe & Africa
TENURE
3 yrs
Board of Directors Tenure

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

5.9
Average Tenure
59.5
Average Age
  • The tenure for the Vallourec board of directors is about average.
Board of Directors

Vivienne Cox

TITLE
Independent Chairman of Supervisory Board
COMPENSATION
€320K
AGE
60
TENURE
6.9 yrs

Pierre Pringuet

TITLE
Vice-President of the Supervisory Board & Lead Independent Member of the Supervisory Board
COMPENSATION
€94K
AGE
69
TENURE
4.9 yrs

Jean-Paul Parayre

TITLE
Honorary Chairman
AGE
82
TENURE
6.9 yrs

Arnaud Leenhardt

TITLE
Honorary Chairman
AGE
90
TENURE
19.8 yrs

Jean-Jacques Morin

TITLE
Independent Member of the Supervisory Board
COMPENSATION
€37K
AGE
59
TENURE
1.9 yrs

Pascale Chargrasse

TITLE
Employee Shareholder Representative Member of Supervisory Board
COMPENSATION
€48K
AGE
59
TENURE
9.3 yrs

Cédric de Bailliencourt

TITLE
Member of Supervisory Board
COMPENSATION
€29K
AGE
50
TENURE
9.3 yrs

Maria-Pilar Albiac-Murillo

TITLE
Independent Member of the Supervisory Board
COMPENSATION
€33K
AGE
66
TENURE
4.9 yrs

Laurence Broseta

TITLE
Independent Member of the Supervisory Board
COMPENSATION
€41K
AGE
51
TENURE
4 yrs

Alex Ossola

TITLE
Representative & Non-Independent Member of Supervisory Board
COMPENSATION
€56K
AGE
45
TENURE
3.4 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 Vallourec'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. Vallourec 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.

VAC News

Simply Wall St News

VAC Company Info

Description

Vallourec S.A. through its subsidiaries, provides tubular solutions primarily for the energy markets and other industrial applications in Europe, North America, South America, Asia, the Middle East, and internationally. It operates through Seamless Tubes and Specialty Products segments. The company produces hot-rolled seamless carbon and alloy steel tubes for the oil and gas, power generation, chemical and petrochemical, and automotive and mechanical engineering industries, as well as produces stainless steel and titanium tubes. It also provides casing and tubing products, and accessories for oil and gas well equipment; line pipes and services, welding solutions, project management services, and other solutions, as well as tubes for umbilicals, flying leads, and gas lifts; onshore line pipes; and seamless steel pipes, fittings, and pipe hollows for refineries, petrochemical complexes, and gas processing plants. In addition, the company offers welding and fabrication solutions for offshore and onshore projects; a fleet of specialized pipeline welding equipment; and steam tubes and pipes, and nuclear island tubes for conventional and nuclear power plants. Further, it provides hot-rolled pipes and hollow sections used in various applications, including drilling and other platforms, bridges, buildings and other roofed structures, cranes, agricultural and industrial machinery, mechanical components and systems, mining, and offshore projects. Additionally, the company offers integrated solutions for the subsea line pipe market, including welding, coating, insulation, logistics, and service agreements. Vallourec S.A. was founded in 1899 and is headquartered in Boulogne-Billancourt, France.

Details
Name: Vallourec S.A.
VAC
Exchange: DB
Founded: 1899
€525,873,979
457,281,721
Website: http://www.vallourec.com
Address: Vallourec S.A.
27, Avenue du Général Leclerc,
Cedex,
Boulogne-Billancourt,
Ile-de-France, 92100,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA VK Ordinary Shares Euronext Paris FR EUR 02. Jan 1992
OTCPK VLOU.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB VAC Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
XTRA VAC Ordinary Shares XETRA Trading Platform DE EUR 02. Jan 1992
LSE 0NR2 Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
SWX VK Ordinary Shares SIX Swiss Exchange CH CHF 02. Jan 1992
BATS-CHIXE VKP Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
OTCPK VLOW.Y SPONSORE ADR NEW Pink Sheets LLC US USD 16. Oct 2008
Number of employees
Current staff
Staff numbers
18,827
Vallourec employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 23:58
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/02/19
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.