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Sequana

DB:WM41
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WM41
DB
€9M
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Sequana SA produces and sells recycled and specialty papers worldwide. The last earnings update was 250 days ago. More info.


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WM41 Share Price and Events
7 Day Returns
0%
DB:WM41
0.1%
Europe Forestry
-0.8%
DE Market
1 Year Returns
-77.8%
DB:WM41
-31.9%
Europe Forestry
-11%
DE Market
WM41 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sequana (WM41) 0% 0% 0.9% -77.8% -95.5% -97.9%
Europe Forestry 0.1% -9.7% -15.4% -31.9% -7.6% 12.4%
DE Market -0.8% -5.8% -0.7% -11% 5.2% 5.7%
1 Year Return vs Industry and Market
  • WM41 underperformed the Forestry industry which returned -31.9% over the past year.
  • WM41 underperformed the Market in Germany which returned -11% over the past year.
Price Volatility
WM41
Industry
5yr Volatility vs Market

WM41 Value

 Is Sequana 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 Sequana 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 Sequana.

DB:WM41 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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:WM41
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Forestry Unlevered Beta Simply Wall St/ S&P Global 1.25
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.248 (1 + (1- 33%) (5827.91%))
33.816
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)
= 0.23% + (2 * 6.65%)
13.53%

Discounted Cash Flow Calculation for DB:WM41 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sequana 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.

DB:WM41 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 13.53%)
2019 24.10 Analyst x1 21.23
2020 17.80 Analyst x1 13.81
2021 14.07 Est @ -20.94% 9.62
2022 12.02 Est @ -14.59% 7.24
2023 10.80 Est @ -10.14% 5.73
2024 10.04 Est @ -7.03% 4.69
2025 9.55 Est @ -4.85% 3.93
2026 9.24 Est @ -3.33% 3.35
2027 9.03 Est @ -2.26% 2.88
2028 8.89 Est @ -1.52% 2.50
Present value of next 10 years cash flows €74.97
DB:WM41 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €8.89 × (1 + 0.23%) ÷ (13.53% – 0.23%)
€67.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €67.00 ÷ (1 + 13.53%)10
€18.84
DB:WM41 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €74.97 + €18.84
€93.81
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €93.81 / 64.82
€1.45
DB:WM41 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:WM41 represents 0.88103x of ENXTPA:SEQ
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88103x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 1.45 x 0.88103
€1.27
Value per share (EUR) From above. €1.27
Current discount Discount to share price of €0.12
= -1 x (€0.12 - €1.27) / €1.27
90.8%

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

Current Discount
Amount off the current price Sequana is available for.
Intrinsic value
>50%
Share price is €0.12 vs Future cash flow value of €1.27
Current Discount Checks
For Sequana to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sequana's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sequana'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 Sequana's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sequana's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:WM41 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in EUR €-2.29
ENXTPA:SEQ Share Price ** ENXTPA (2019-03-08) in EUR €0.13
Europe Forestry Industry PE Ratio Median Figure of 29 Publicly-Listed Forestry Companies 10.79x
Germany Market PE Ratio Median Figure of 421 Publicly-Listed Companies 19.74x

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

** Primary Listing of Sequana.

DB:WM41 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.13 ÷ -2.29

-0.06x

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

  • Sequana is loss making, we can't compare its value to the Europe Forestry industry average.
  • Sequana is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Sequana's expected growth come at a high price?
Raw Data
DB:WM41 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
89.9%per year
Europe Forestry Industry PEG Ratio Median Figure of 18 Publicly-Listed Forestry Companies 0.47x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.48x

*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 Sequana, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sequana's assets?
Raw Data
DB:WM41 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in EUR €1.83
ENXTPA:SEQ Share Price * ENXTPA (2019-03-08) in EUR €0.13
Europe Forestry Industry PB Ratio Median Figure of 35 Publicly-Listed Forestry Companies 1.21x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
DB:WM41 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.13 ÷ 1.83

0.07x

* Primary Listing of Sequana.

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

  • Sequana is good value based on assets compared to the Europe Forestry industry average.
X
Value checks
We assess Sequana'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 Forestry 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 Forestry industry average (and greater than 0)? (1 check)
  5. Sequana has a total score of 3/6, 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.

WM41 Future Performance

 How is Sequana expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
89.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sequana expected to grow at an attractive rate?
  • Unable to compare Sequana'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 Sequana's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • Sequana's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:WM41 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:WM41 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 89.9%
DB:WM41 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -6.1%
Europe Forestry Industry Earnings Growth Rate Market Cap Weighted Average 2.2%
Europe Forestry Industry Revenue Growth Rate Market Cap Weighted Average 1.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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:WM41 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (11 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:WM41 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 2,284 37 -7 1
2019-12-31 2,307 43 -9 1
2018-12-31 2,350 -95 -86 1
DB:WM41 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-06-30 2,739 -36 -148
2018-03-31 2,752 -20 -115
2017-12-31 2,765 -4 -82
2017-06-30 2,568 41 25
2017-03-31 2,725 -3 7
2016-12-31 2,883 -47 -12
2016-09-30 3,076 -10 -69
2016-06-30 3,177 9 -85
2016-03-31 3,238 11 -76
2015-12-31 3,300 13 -67
2015-09-30 3,306 -1 61

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sequana is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Sequana's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:WM41 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (11 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Sequana Company Filings, last reported 11 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WM41 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 -0.10 -0.10 -0.10 1.00
2019-12-31 -0.14 -0.14 -0.14 1.00
2018-12-31 -1.31 -1.31 -1.31 1.00
DB:WM41 Past Financials Data
Date (Data in EUR Millions) EPS *
2018-06-30 -2.29
2018-03-31 -1.78
2017-12-31 -1.27
2017-06-30 0.38
2017-03-31 0.10
2016-12-31 -0.18
2016-09-30 -1.12
2016-06-30 -1.46
2016-03-31 -1.31
2015-12-31 -1.15
2015-09-30 1.13

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

WM41 Past Performance

  How has Sequana performed over the past 5 years?

  • Sequana's last earnings update was 250 days ago.
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 Sequana's growth in the last year to its industry (Forestry).
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.
  • Sequana does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Sequana's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Sequana's 1-year growth to the Europe Forestry industry average as it is not currently profitable.
Earnings and Revenue History
Sequana'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 Sequana Company Filings, last reported 11 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WM41 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 2,738.80 -148.30 713.20
2018-03-31 2,751.85 -115.30 713.25
2017-12-31 2,764.90 -82.30 713.30
2017-06-30 2,567.90 24.60 594.00
2017-03-31 2,725.45 6.50 676.10
2016-12-31 2,883.00 -11.60 758.20
2016-09-30 3,075.50 -68.70 827.70
2016-06-30 3,176.50 -84.70 848.20
2016-03-31 3,238.25 -75.85 866.60
2015-12-31 3,300.00 -67.00 885.00
2015-09-30 3,305.50 61.00 900.00
2015-06-30 3,311.00 189.00 915.00
2015-03-31 3,340.00 157.00 910.50
2014-12-31 3,369.00 125.00 906.00
2014-09-30 3,365.00 -105.50 903.50
2014-06-30 3,361.00 -336.00 901.00
2014-03-31 3,343.50 -314.50 899.00
2013-12-31 3,326.00 -293.00 897.00
2013-06-30 3,320.00 -110.00 894.00
2013-03-31 3,473.50 -106.00 933.00
2012-12-31 3,632.00 -87.00 983.00
2012-09-30 3,907.50 -120.00 1,060.50
2012-06-30 3,930.00 -119.00 1,061.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Sequana has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Sequana has efficiently used its assets last year compared to the Europe Forestry industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Sequana 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 Sequana'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 Forestry 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.
Sequana 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.

WM41 Health

 How is Sequana'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 Sequana's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sequana is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sequana's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sequana'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 2.1x 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 Sequana Company Filings, last reported 11 months ago.

DB:WM41 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 145.00 501.70 97.10
2018-03-31 145.00 501.70 97.10
2017-12-31 220.90 463.50 135.50
2017-06-30 376.00 441.20 110.50
2017-03-31 376.00 441.20 110.50
2016-12-31 390.20 477.40 171.50
2016-09-30 390.00 477.00 171.00
2016-06-30 418.00 468.00 126.00
2016-03-31 418.00 468.00 126.00
2015-12-31 468.00 441.00 212.00
2015-09-30 468.00 441.00 212.00
2015-06-30 602.00 436.00 169.00
2015-03-31 602.00 436.00 169.00
2014-12-31 588.00 499.00 193.00
2014-09-30 588.00 499.00 193.00
2014-06-30 239.00 856.00 131.00
2014-03-31 239.00 856.00 131.00
2013-12-31 321.00 778.00 248.00
2013-06-30 652.00 809.00 215.00
2013-03-31 652.00 809.00 215.00
2012-12-31 654.00 723.00 191.00
2012-09-30 654.00 723.00 191.00
2012-06-30 659.00 930.00 276.00
  • Sequana's level of debt (346%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (124.4% vs 346% 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.

  • Sequana has sufficient cash runway for 1.4 years based on current free cash flow.
  • Sequana has sufficient cash runway for 1.4 years if free cash flow continues to reduce at historical rates of -3.3% each year.
X
Financial health checks
We assess Sequana'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. Sequana 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.

WM41 Dividends

 What is Sequana'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 Sequana dividends.
If you bought €2,000 of Sequana 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 Sequana's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Sequana'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:WM41 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 1 Analyst Estimates (S&P Global) See Below
Europe Forestry Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

DB:WM41 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
2018-12-31
DB:WM41 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2012-10-26 0.000 0.000
2012-07-26 0.000 0.000
2012-06-12 0.000 0.000
2012-05-02 0.000 0.000
2012-04-30 0.000 0.000
2012-03-09 0.000 0.000
2011-04-08 2.400 6.969
2010-05-25 2.100 3.192
2010-03-24 2.100 3.227
2009-10-29 0.000 0.000
2009-07-24 0.000 0.000
2009-06-30 0.000 0.000

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

  • Unable to perform a dividend volatility check as Sequana has not reported any payouts.
  • Unable to verify if Sequana's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Sequana's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Sequana has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Sequana's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Sequana afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sequana 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.

WM41 Management

 What is the CEO of Sequana'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
Pascal Lebard
COMPENSATION €1,352,106
AGE 56
TENURE AS CEO 11.9 years
CEO Bio

Mr. Pascal Lebard serves as Chairman of the Board and served as the Chief Executive Officer of Antalis International SAS since September 2009. Mr. Lebard has been the Chairman and Member of Management Board at Arjowiggins SAS since June 2008 and serves as its President. He serves as President of Arjowiggins Security at Arjowiggins SAS. Mr. Lebard serves as the Chief Executive Officer and Chairman at Domaines Codem (Begadan). He serves as the Managing Director and Director at Exor SA and joined it in 1991, where he became the Equity Investment Director and was the in-charge of investments. Mr. Lebard has been the Chief Executive Officer of Sequana S.A. since July 1, 2007 and served as its Managing Director since 2007 and Deputy Managing Director from May 2005 to June 30, 2007. Mr. Lebard served as the Chief Executive Officer at Arjowiggins SAS since June 2008. He joined Worms & Cie in 2003. He began his career in 1986 with Crédit Commercial de France until 1989 before joining 3i group PLC in 1989. At 3i, Mr. Lebard as an Account Manager and served as a Managing Partner from 1989 to 1991. He served as an Investment Director of Exor SA since 1989 and served as its an Associate Director since 1990. Mr. Lebard serves as the President Director of Fromagerie Plus. He has been the Chairman of Supervisory Board at Permal Group SAS since 2004. He has been Chairman of the Board and CEO at Sequana S.A. since June 27, 2013. He serves as Chairman of Supervisory Board at MICEL SAS. Mr. Lebard serves as a Member of Supervisory Board of DLMD. He has been a Member of Supervisory Board at Issy les Moulineaux since 2004. He is a Board Member and Director at Confederation of European Paper Industries. He has been Independent Director of Bureau Veritas SA since December 13, 2013. He has been the Chairman at DLMDSAS and Pascal Lebard Invest SAS. He is a Permanent representative of Oaktree Luxembourg Flandre Anchor Sarl on the Board of Directors of Novartex (Vivarte) since April 2017. Mr. Lebard has been a Director of Sequana Capital since May 3, 2005 and served as its Member of Supervisory Board from May 21, 2003 to 2004 and Chairman of the Executive Board from 2004 to 2005. He is a Director of LISI SA in Paris since 2005, SGS Australia Pty Ltd., Antonin Rodet SAS, Soficol Exint. and Européenne de Financement. He served as Director of Club Mediterranee from March 16, 2005 to July 19, 2016. Mr. Lebard served as an Executive Director at SGS SA from March 2005 to March 2009. Mr. Lebard served as the Chairman of Supervisory Board at Club Mediterranee since December 17, 2002 and its Member of Supervisory Board since April 23, 1997. He served as a Member of Supervisory Board of Eurazeo PME. He has served as the Chairman of Arjowiggins, Antalis International, Antalis Asia Pacific Ltd. (Singapore), ArjoWiggins Paper Trading (Shanghai) Co Ltd. (China), Arjowiggins Security, Arjobex and Boccafin SAS and Director at Arjowiggins HKK1 Ltd. and Permal group Ltd. (United Kingdom). He served as the Chairman of Fromageries de l’Étoile SAS and Étoile Plus SAS and Director of Club Méditerranée, SGS (Switzerland), Greysac (formerly Domaines Codem) and Taminco (USA). He served as a Member of the Supervisory Board of Ofi Private Equity Capital and Eurazeo PME. Mr. Lebard is a graduate of EDHEC Business School.

CEO Compensation
  • Pascal's compensation has increased whilst company is loss making.
  • Pascal's remuneration is higher than average for companies of similar size in Germany.
Management Team

Pascal Lebard

TITLE
Chairman & CEO
COMPENSATION
€1M
AGE
56
TENURE
11.9 yrs

Daniel Chuang

TITLE
Antalis Asia-Pacific Managing Director

Antoine Courteault

TITLE
Company Secretary
AGE
61
TENURE
14.1 yrs

Hervé Poncin

TITLE
Antalis Chief Executive Officer
AGE
54
Board of Directors Tenure

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

5.5
Average Tenure
54
Average Age
  • The tenure for the Sequana board of directors is about average.
Board of Directors

Pascal Lebard

TITLE
Chairman & CEO
COMPENSATION
€1M
AGE
56
TENURE
6 yrs

Jean-Pascal Beaufret

TITLE
Vice Chairman
COMPENSATION
€110K
AGE
67
TENURE
6 yrs

Jean-Yves Durance

TITLE
Independent Director
COMPENSATION
€66K
AGE
75
TENURE
6 yrs

Isabelle Boccon-Gibod

TITLE
Independant Director
COMPENSATION
€67K
AGE
50
TENURE
3.1 yrs

Christine Bénard

TITLE
Independent Director
COMPENSATION
€70K
AGE
50
TENURE
4.9 yrs

Cécile Helme-Guizon

TITLE
Independent Director
COMPENSATION
€58K
AGE
52
TENURE
3.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Sequana'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. Sequana 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.

WM41 News

Simply Wall St News

WM41 Company Info

Description

Sequana SA produces and sells recycled and specialty papers worldwide. It manufactures recycled paper, and eco-friendly coated and uncoated paper under the Cyclus, Eural, Cocoon, Maine, Chromomat, Satimat brands; recycled pulp; specialty paper under the Playper, Sequoia, Maine 1 Face, SecureCard, Kaleïdo, and Teknocard brands; Premium fine paper under the Conqueror, Curious Collection, Keaykolour, Opale, Pop’Set, Rives, Guaflex, Butterfly, Geltex, and Delos brands; Gateway and Priplak paper for specialty applications; Powercoat paper for printed electronic applications; JetGuard and LaserGuard paper for secure payment solutions and secure documents; and synthetic paper under the Polyart brand. The company also distributes coated and uncoated papers, creative papers, and envelopes as well as specialty products, such as carbonless and self-adhesive papers; reams to large corporations, government organizations, and resellers; and envelopes. Its industrial packaging products include standard packaging products comprising bubble wrap, cardboard boxes, kraft paper, strapping, and packaging machines, as well as bespoke logistics and technical solutions. In addition, the company supplies flexible or rigid materials, such as wallpaper or plastic materials, including polyester banners for advertising campaigns or the interior decoration of professional and private spaces; and distributes ink and large format printing machines. Its products are used in various applications, including posters, banners, and panels; point-of-sale advertising; signage; window displays; customized vehicle fleets; and interior decoration. It serves paper distributors, converters, printers, corporate customers, and government authorities. Sequana SA was founded in 1848 and is based in Boulogne-Billancourt, France.

Details
Name: Sequana SA
WM41
Exchange: DB
Founded: 1848
€8,608,568
64,823,560
Website: http://www.sequana.com
Address: Sequana SA
8, rue de Seine,
Boulogne-Billancourt,
Ile-de-France, 92100,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA SEQ Ordinary Shares Euronext Paris FR EUR 26. May 1998
DB WM41 Ordinary Shares Deutsche Boerse AG DE EUR 26. May 1998
LSE 0QAX Ordinary Shares London Stock Exchange GB EUR 26. May 1998
BATS-CHIXE SEQP Ordinary Shares BATS 'Chi-X Europe' GB EUR 26. May 1998
Number of employees
Current staff
Staff numbers
7,833
Sequana employees.
Industry
Paper Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/05 21:02
End of day share price update: 2019/03/08 00:00
Last estimates confirmation: 2019/01/09
Last earnings filing: 2018/09/28
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.