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Getlink

DB:TNU3
Snowflake Description

Acceptable track record second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TNU3
DB
€6B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Getlink SE engages in the design, finance, construction, and operation of fixed link infrastructure and transport system, and rail freight activity in France and the United Kingdom. The last earnings update was 12 days ago. More info.


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  • Getlink has significant price volatility in the past 3 months.
TNU3 Share Price and Events
7 Day Returns
15.6%
DB:TNU3
11.3%
DE Infrastructure
9.9%
DE Market
1 Year Returns
-22.4%
DB:TNU3
-43.8%
DE Infrastructure
-17.5%
DE Market
TNU3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Getlink (TNU3) 15.6% -27.5% -32.2% -22.4% 13.8% -22.1%
DE Infrastructure 11.3% -34% -49.8% -43.8% -42.3% -21.2%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • TNU3 outperformed the Infrastructure industry which returned -43.8% over the past year.
  • TNU3 underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
TNU3
Industry
5yr Volatility vs Market

TNU3 Value

 Is Getlink 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 Getlink 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 Getlink.

DB:TNU3 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:TNU3
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.728 (1 + (1- 33%) (101.72%))
1.151
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.151 * 6.07%)
6.59%

Discounted Cash Flow Calculation for DB:TNU3 using 2 Stage Free Cash Flow to Equity Model

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

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

DB:TNU3 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.59%)
2020 -49.20 Analyst x1 -46.16
2021 357.64 Analyst x2 314.75
2022 444.10 Analyst x1 366.67
2023 505.31 Est @ 13.78% 391.39
2024 553.46 Est @ 9.53% 402.17
2025 589.74 Est @ 6.55% 402.02
2026 616.11 Est @ 4.47% 394.01
2027 634.67 Est @ 3.01% 380.77
2028 647.31 Est @ 1.99% 364.33
2029 655.58 Est @ 1.28% 346.15
Present value of next 10 years cash flows €3,316.00
DB:TNU3 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €655.58 × (1 + -0.39%) ÷ (6.59% – -0.39%)
€9,349.24
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €9,349.24 ÷ (1 + 6.59%)10
€4,936.49
DB:TNU3 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €3,316.00 + €4,936.49
€8,252.49
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €8,252.49 / 537.05
€15.37
DB:TNU3 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TNU3 represents 0.96452x of ENXTPA:GET
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.96452x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 15.37 x 0.96452
€14.82
Value per share (EUR) From above. €14.82
Current discount Discount to share price of €10.60
= -1 x (€10.60 - €14.82) / €14.82
28.5%

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

Current Discount
Amount off the current price Getlink is available for.
Intrinsic value
28%
Share price is €10.6 vs Future cash flow value of €14.82
Current Discount Checks
For Getlink to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Getlink's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Getlink's share price is below the future cash flow value, but not 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 Getlink's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Getlink's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TNU3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.30
ENXTPA:GET Share Price ** ENXTPA (2020-03-31) in EUR €10.99
Europe Infrastructure Industry PE Ratio Median Figure of 38 Publicly-Listed Infrastructure Companies 10.3x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

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

** Primary Listing of Getlink.

DB:TNU3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 10.99 ÷ 0.30

37.2x

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

  • Getlink is overvalued based on earnings compared to the Europe Infrastructure industry average.
  • Getlink is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Getlink's expected growth come at a high price?
Raw Data
DB:TNU3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 37.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
13.8%per year
Europe Infrastructure Industry PEG Ratio Median Figure of 18 Publicly-Listed Infrastructure Companies 1.17x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:TNU3 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 37.2x ÷ 13.8%

2.7x

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

  • Getlink is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Getlink's assets?
Raw Data
DB:TNU3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €3.05
ENXTPA:GET Share Price * ENXTPA (2020-03-31) in EUR €10.99
Germany Infrastructure Industry PB Ratio Median Figure of 5 Publicly-Listed Infrastructure Companies 0.9x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:TNU3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 10.99 ÷ 3.05

3.6x

* Primary Listing of Getlink.

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

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

TNU3 Future Performance

 How is Getlink expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Getlink expected to grow at an attractive rate?
  • Getlink's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Getlink's earnings growth is positive but not above the Germany market average.
  • Getlink's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:TNU3 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TNU3 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 13.8%
DB:TNU3 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 6.1%
Europe Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 4.4%
Europe Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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:TNU3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TNU3 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,389 1
2022-12-31 1,244 662 212 4
2021-12-31 1,218 543 198 11
2020-12-31 1,027 635 94 9
2020-03-31
DB:TNU3 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 1,085 599 158
2019-09-30 1,089 595 145
2019-06-30 1,092 591 132
2019-03-31 1,086 582 131
2018-12-31 1,079 572 130
2018-09-30 1,063 557 123
2018-06-30 1,046 542 116
2018-03-31 1,040 537 112
2017-12-31 1,033 532 108
2017-09-30 1,026 524 121
2017-06-30 1,020 516 135
2017-03-31 1,022 508 136

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Getlink's earnings are expected to grow by 13.8% yearly, however this is not considered high growth (20% yearly).
  • Getlink's revenue is expected to grow by 6.1% 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:TNU3 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

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

DB:TNU3 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.41 0.47 0.30 4.00
2021-12-31 0.34 0.46 0.19 10.00
2020-12-31 0.13 0.31 -0.33 11.00
2020-03-31
DB:TNU3 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.30
2019-09-30 0.27
2019-06-30 0.25
2019-03-31 0.25
2018-12-31 0.24
2018-09-30 0.23
2018-06-30 0.22
2018-03-31 0.21
2017-12-31 0.20
2017-09-30 0.23
2017-06-30 0.25
2017-03-31 0.25

*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.
  • Getlink is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Getlink'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.
Getlink has a total score of 2/6, 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.

TNU3 Past Performance

  How has Getlink 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 Getlink's growth in the last year to its industry (Infrastructure).
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.
  • Getlink's year on year earnings growth rate has been positive over the past 5 years.
  • Getlink's 1-year earnings growth exceeds its 5-year average (21.4% vs 8.8%)
  • Getlink's earnings growth has exceeded the Europe Infrastructure industry average in the past year (21.4% vs 6.9%).
Earnings and Revenue History
Getlink'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 Getlink Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TNU3 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 1,085.28 158.34
2019-09-30 1,088.70 145.23
2019-06-30 1,092.12 132.12
2019-03-31 1,085.78 131.25
2018-12-31 1,079.45 130.39
2018-09-30 1,062.90 123.44
2018-06-30 1,046.36 116.49
2018-03-31 1,039.67 112.15
2017-12-31 1,032.98 107.82
2017-09-30 1,026.35 121.31
2017-06-30 1,019.73 134.81
2017-03-31 1,021.60 135.68
2016-12-31 1,023.48 136.55
2016-09-30 982.55 110.51
2016-06-30 941.63 84.47
2016-03-31 989.66 90.57
2015-12-31 1,037.70 96.66
2015-06-30 1,152.08 127.74
2015-03-31 1,132.97 98.64
2014-12-31 1,113.87 69.55
2014-09-30 1,174.34 79.80
2014-06-30 1,141.96 105.51
2014-03-31 1,116.97 103.43
2013-12-31 1,091.99 101.36
2013-09-30 1,060.41 55.42
2013-06-30 1,028.84 9.48

*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.
  • Getlink has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Getlink used its assets less efficiently than the Europe Infrastructure industry average last year based on Return on Assets.
  • Getlink's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Getlink'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 Infrastructure 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.
Getlink has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

TNU3 Health

 How is Getlink'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 Getlink's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Getlink is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Getlink's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Getlink'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 0.1x 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 Getlink Company Filings, last reported 3 months ago.

DB:TNU3 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,638.65 5,968.25 524.51
2019-09-30 1,638.65 5,968.25 524.51
2019-06-30 1,624.42 5,798.85 485.24
2019-03-31 1,624.42 5,798.85 485.24
2018-12-31 2,006.28 5,562.14 606.53
2018-09-30 2,006.28 5,562.14 606.53
2018-06-30 1,913.57 5,240.44 274.30
2018-03-31 1,913.57 5,240.44 274.30
2017-12-31 2,051.01 5,003.77 612.53
2017-09-30 2,051.01 5,003.77 612.53
2017-06-30 1,945.09 4,972.22 550.15
2017-03-31 1,945.09 4,972.22 550.15
2016-12-31 1,811.73 5,027.46 346.64
2016-09-30 1,811.73 5,027.46 346.64
2016-06-30 1,334.57 5,415.31 298.09
2016-03-31 1,334.57 5,415.31 298.09
2015-12-31 1,663.12 5,225.18 405.91
2015-06-30 1,619.73 5,374.61 389.20
2015-03-31 1,619.73 5,374.61 389.20
2014-12-31 1,757.97 5,277.78 384.72
2014-09-30 1,757.97 5,277.78 384.72
2014-06-30 2,144.20 4,816.51 215.25
2014-03-31 2,144.20 4,816.51 215.25
2013-12-31 2,480.57 4,550.79 276.73
2013-09-30 2,480.57 4,550.79 276.73
2013-06-30 2,281.17 4,575.20 158.98
  • Getlink's level of debt (364.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (300.5% vs 364.2% today).
  • Debt is not well covered by operating cash flow (10%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Getlink'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. Getlink has a total score of 1/6, 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.

TNU3 Dividends

 What is Getlink'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
3.73%
Current annual income from Getlink dividends. Estimated to be 4.25% next year.
If you bought €2,000 of Getlink shares you are expected to receive €75 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?
  • Getlink's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • Getlink's dividend is below the markets top 25% of dividend payers in Germany (4.97%).
Upcoming dividend payment

Purchase Getlink before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:TNU3 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
Europe Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 7.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
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 5%

Industry and Market average data is calculated daily.

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

DB:TNU3 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.61 1.00
2022-12-31 0.51 6.00
2021-12-31 0.49 12.00
2020-12-31 0.40 11.00
2020-03-31
DB:TNU3 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-19 0.410 3.995
2020-02-27 0.410 3.415
2019-04-18 0.360 2.510
2018-03-26 0.300 2.545
2017-03-24 0.260 2.515
2017-03-01 0.260 2.966
2016-03-04 0.220 2.320
2015-04-29 0.180 1.508
2014-03-21 0.150 1.443
2014-03-13 0.150 1.693
2013-05-15 0.120 1.779
2012-04-26 0.080 1.323
2011-03-04 0.040 0.617
2010-07-19 0.040 0.607
2010-05-26 0.040 0.664

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Getlink's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.7x coverage).
X
Income/ dividend checks
We assess Getlink'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 Getlink afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Getlink has a total score of 3/6, see the detailed checks below.


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

TNU3 Management

 What is the CEO of Getlink'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
Jacques Gounon
COMPENSATION €6,328,699
AGE 66
TENURE AS CEO 14.7 years
CEO Bio

Mr. Jacques Gounon has been the Chief Executive Officer of Getlink S.E. (formerly, Groupe Eurotunnel SE) since June 14, 2005 and serves as its President. Mr. Gounon served as the Chief Executive Officer of TNU Plc since June 14, 2005 and served as its Chairman February 18, 2005. He served as the Chairman of Eurotunnel Folkestone of TNU Plc since June 14, 2005 and Chief Executive since June 13, 2005. He served as the Chairman of TNU SA since February 18, 2005 and also served as its Chief Executive Officer. He started his career in public service in 1977 and later served as Chief Executive of the Comatec Group from 1986 to 1990, Director of Development for the Eiffage group from 1991 to 1993, Industry Advisor to the French Employment Minister from 1993 to 1995, Principal Private Secretary to the French Secretary of State for Transport from 1995 to 1996, Deputy Chief Executive of Alstom since 1996, Chairman of the Business Sector and Member of the Executive Committee of Alstom since 2000 and Deputy Chairman and Chief Executive of the Cegelec group since 2001. Mr. Gounon has been the Chairman of the Joint Board of The Channel Tunnel Group Ltd., le concessionnaire britannique and France Manche SA, le concessionnaire français. He has been the Chairman of Getlink SE since 2007 and has been its Director since March 9, 2007. He served as Chairman of Europorte 2 until May 2010. He serves as a Director of EFL, ESL, ETRL and EurotunnelPlus Distribution SAS. He has been Non-Executive Director of Aéroports de Paris Société Anonyme since July 2, 2008 and serves as a Director of Groupe Eurotunnel S.A. He serves as a Deputy Director of ETSE. He served as a Director of TNU Plc since December 17, 2004. He served as a Director of Eurotunnel Folkestone. He served as an Executive Director of TNU SA and also served as its Non Executive Director since November 29, 2004. He served as a Director at Cegelec. He is a Chief Engineer of the Ponts et Chaussées. Mr. Gounon is a Civil Engineer by profession. He is a graduate of the Ecole Polytechnique.

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

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

3.7
Average Tenure
57
Average Age
  • The tenure for the Getlink management team is about average.
Management Team

Jacques Gounon

TITLE
Non-Executive Chairman
COMPENSATION
€6M
AGE
66
TENURE
14.7 yrs

François Gauthey

TITLE
Chief Operating Officer
COMPENSATION
€2M
AGE
56

Claire Piccolin

TITLE
Company Secretary & Compliance Officer
AGE
57
TENURE
3.2 yrs

Anne-Laure Descleves

TITLE
Director of Group Communications
TENURE
4.7 yrs

Bertrand Gérard

TITLE
Human Resources Director & Chairman of CIFFCO
AGE
52
TENURE
0.8 yrs

Pascal Sainson

TITLE
COO of Europorte & Chairman of Europorte SAS
AGE
61

Michel Boudoussier

TITLE
Group Chief Corporate Officer
AGE
55

Philippe de Lagune

TITLE
Chief Operating Officer of Security
AGE
70
TENURE
4.2 yrs

John Smith

TITLE
Managing Director of GBRf
AGE
57

Laurent Fourtune

TITLE
Chief Operating Officer of Eurotonnel
AGE
49
TENURE
2 yrs
Board of Directors Tenure

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

9.8
Average Tenure
74
Average Age
  • The tenure for the Getlink board of directors is about average.
Board of Directors

Pascal Sainson

TITLE
COO of Europorte & Chairman of Europorte SAS
AGE
61

Colette Neuville

TITLE
Senior Independent Director
COMPENSATION
€74K
AGE
82
TENURE
6 yrs

Jacques Gounon

TITLE
Non-Executive Chairman
COMPENSATION
€6M
AGE
66
TENURE
13.2 yrs

Colette Lewiner

TITLE
Independent Director
COMPENSATION
€62K
AGE
74
TENURE
8.8 yrs

Perrette Rey

TITLE
Independent Director
COMPENSATION
€74K
AGE
76
TENURE
7 yrs

Jean-Pierre Trotignon

TITLE
Independent Director
COMPENSATION
€71K
AGE
69
TENURE
9.8 yrs

Tim Yeo

TITLE
Independent Director
COMPENSATION
€54K
AGE
74
TENURE
12.7 yrs

Philippe Vasseur

TITLE
Independent Director
COMPENSATION
€54K
AGE
76
TENURE
12.7 yrs

Patricia Hewitt

TITLE
Independent Director
COMPENSATION
€61K
AGE
70
TENURE
9.8 yrs

Peter Keith Levene

TITLE
Independent Director
COMPENSATION
€37K
AGE
77
TENURE
8 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 Getlink'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. Getlink 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.

TNU3 News

Simply Wall St News

TNU3 Company Info

Description

Getlink SE engages in the design, finance, construction, and operation of fixed link infrastructure and transport system, and rail freight activity in France and the United Kingdom. Its Eurotunnel segment operates three tunnels, each approximately 50 kilometers under the English Channel, which run along with the Folkestone terminal in the United Kingdom and the Coquelles terminal in France. It also provides shuttle services for the transport of trucks, cars, motor homes, caravans, coaches, motorcycles, and trailers. In addition, this segment manages high-speed rail infrastructure and rail freight. The company’s Europorte Rail Freight segment offers a range of integrated rail freight services, including national and international haulage, local services for secondary lines, individual junction management, infrastructure maintenance, and wagon loading and unloading services. Its ElecLink segment focuses on the construction and operation of 1GW electricity interconnector between the United Kingdom and France. The company’s Getlink segment provides railway training services to rail operators, infrastructure managers, and industrial companies. Getlink SE also engages in the third party retail; telecommunication lines; and property businesses, as well as sells travel insurance products. The company was formerly known as Groupe Eurotunnel S.E. and changed its name to Getlink SE in April 2018. Getlink SE was incorporated in 2005 and is based in Paris, France.

Details
Name: Getlink SE
TNU3
Exchange: DB
Founded: 2005
€5,902,179,917
537,050,038
Website: http://www.getlinkgroup.com/uk/home
Address: Getlink SE
3, rue La BoEtie,
Paris,
Ile-de-France, 75008,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA GET Ordinary Shares Euronext Paris FR EUR 02. Jul 2007
OTCPK GRPT.F Ordinary Shares Pink Sheets LLC US USD 02. Jul 2007
DB TNU3 Ordinary Shares Deutsche Boerse AG DE EUR 02. Jul 2007
LSE 0P72 Ordinary Shares London Stock Exchange GB EUR 02. Jul 2007
SWX GET Ordinary Shares SIX Swiss Exchange CH CHF 02. Jul 2007
BATS-CHIXE GETP Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jul 2007
OTCPK GRPT.Y UNSPONSORED ADR Pink Sheets LLC US USD 13. Dec 2012
Number of employees
Current staff
Staff numbers
3,430
Getlink employees.
Industry
Highways and Railtracks
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 21:37
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/03/19
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.