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ECA

ENXTPA:ECASA
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ECASA
ENXTPA
€211M
Market Cap
  1. Home
  2. FR
  3. Capital Goods
Company description

ECA SA engages in the robotics, automated systems, simulation, and industrial businesses worldwide. The last earnings update was 17 days ago. More info.


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  • ECA has significant price volatility in the past 3 months.
ECASA Share Price and Events
7 Day Returns
2.1%
ENXTPA:ECASA
10.9%
FR Aerospace & Defense
5.5%
FR Market
1 Year Returns
-1.2%
ENXTPA:ECASA
-42.4%
FR Aerospace & Defense
-17.5%
FR Market
ECASA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ECA (ECASA) 2.1% -7% -25% -1.2% 16.7% 89.4%
FR Aerospace & Defense 10.9% -28.3% -47.9% -42.4% -14.5% -0.4%
FR Market 5.5% -6.1% -24.8% -17.5% -7.4% -7.5%
1 Year Return vs Industry and Market
  • ECASA outperformed the Aerospace & Defense industry which returned -42.4% over the past year.
  • ECASA outperformed the Market in France which returned -17.5% over the past year.
Price Volatility
ECASA
Industry
5yr Volatility vs Market
Related Companies

Value

 Is ECA 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 ECA 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 ECA.

ENXTPA:ECASA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in EUR € 0.36667
Payout Ratio Company Filings (2019-12-31) 2611.4%
Discount Rate (Cost of Equity) See below 5.7%
Perpetual Growth Rate 10-Year FR Government Bond Rate -0.1%

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 ENXTPA:ECASA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.1%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.851 (1 + (1- 33%) (13.36%))
0.951
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.11% + (0.951 * 6.07%)
5.66%

Discounted Cash Flow Calculation for ENXTPA:ECASA using Dividend Discount Model Model

The calculations below outline how an intrinsic value for ECA 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.

ENXTPA:ECASA Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €0.37 / (5.66% - -0.11%)
€6.35
ENXTPA:ECASA Discount to Share Price
Calculation Result
Value per share (EUR) From above. €6.35
Current discount Discount to share price of €24.00
= -1 x (€24.00 - €6.35) / €6.35
-277.8%

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

  • The current share price of ECA 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 ECA's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ECA's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:ECASA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.91
ENXTPA:ECASA Share Price ** ENXTPA (2020-04-09) in EUR €24
France Aerospace & Defense Industry PE Ratio Median Figure of 8 Publicly-Listed Aerospace & Defense Companies 13.03x
France Market PE Ratio Median Figure of 412 Publicly-Listed Companies 13.88x

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

** Primary Listing of ECA.

ENXTPA:ECASA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 24 ÷ 0.91

26.35x

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

  • ECA is overvalued based on earnings compared to the FR Aerospace & Defense industry average.
  • ECA is overvalued based on earnings compared to the France market.
Price based on expected Growth
Does ECA's expected growth come at a high price?
Raw Data
ENXTPA:ECASA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
21.2%per year
France Aerospace & Defense Industry PEG Ratio Median Figure of 8 Publicly-Listed Aerospace & Defense Companies 1.28x
France Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 0.99x

*Line of best fit is calculated by linear regression .

ENXTPA:ECASA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 26.35x ÷ 21.2%

1.24x

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

  • ECA is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on ECA's assets?
Raw Data
ENXTPA:ECASA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €8.78
ENXTPA:ECASA Share Price * ENXTPA (2020-04-09) in EUR €24
France Aerospace & Defense Industry PB Ratio Median Figure of 11 Publicly-Listed Aerospace & Defense Companies 1.14x
France Market PB Ratio Median Figure of 591 Publicly-Listed Companies 1.17x
ENXTPA:ECASA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 24 ÷ 8.78

2.73x

* Primary Listing of ECA.

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

  • ECA is overvalued based on assets compared to the FR Aerospace & Defense industry average.
X
Value checks
We assess ECA'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 Aerospace & Defense 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 Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. ECA has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

Future Performance

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

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
21.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ECA expected to grow at an attractive rate?
  • ECA's earnings growth is expected to exceed the low risk savings rate of -0.1%.
Growth vs Market Checks
  • ECA's earnings growth is expected to exceed the France market average.
  • ECA's revenue growth is expected to exceed the France market average.
Annual Growth Rates Comparison
Raw Data
ENXTPA:ECASA Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:ECASA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 21.2%
ENXTPA:ECASA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 15%
France Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 21.7%
France Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
France Market Earnings Growth Rate Market Cap Weighted Average 12%
France Market Revenue Growth Rate Market Cap Weighted Average 3.4%

*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
ENXTPA:ECASA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:ECASA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 149 20 12 3
2020-12-31 120 19 8 3
2020-04-09
ENXTPA:ECASA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 113 8
2019-09-30 113 8
2019-06-30 113 5 8
2019-03-31 110 5 7
2018-12-31 107 5 6
2018-09-30 110 7 2
2018-06-30 113 10 -2
2018-03-31 116 6 -3
2017-12-31 119 1 -3
2017-09-30 120 2 3
2017-06-30 121 2 9
2017-03-31 119 2 10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ECA's earnings are expected to grow significantly at over 20% yearly.
  • ECA's revenue is expected to grow by 15% 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
ENXTPA:ECASA 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 3 Analyst Estimates (S&P Global) See Below

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

ENXTPA:ECASA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.35 1.74 1.13 3.00
2020-12-31 0.95 1.33 0.68 3.00
2020-04-09
ENXTPA:ECASA Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31
2019-09-30
2019-06-30 0.91
2019-03-31 0.79
2018-12-31 0.66
2018-09-30 0.20
2018-06-30 -0.27
2018-03-31 -0.31
2017-12-31 -0.34
2017-09-30 0.33
2017-06-30 1.00
2017-03-31 1.10

*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.
  • ECA is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess ECA'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 France market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the France 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.
ECA has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

Past Performance

  How has ECA 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 ECA's growth in the last year to its industry (Aerospace & Defense).
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.
  • ECA's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • ECA's 1-year earnings growth exceeds its 5-year average (38.9% vs -2.9%)
  • ECA's earnings growth has exceeded the FR Aerospace & Defense industry average in the past year (38.9% vs 14.3%).
Earnings and Revenue History
ECA'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 ECA Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:ECASA Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 112.50 8.10
2019-09-30 112.72 8.05 20.72
2019-06-30 112.95 8.00 41.44
2019-03-31 109.98 6.91 42.02
2018-12-31 107.02 5.83 42.59
2018-09-30 109.87 1.71 43.48
2018-06-30 112.73 -2.40 44.36
2018-03-31 115.63 -2.70 44.73
2017-12-31 118.54 -3.00 45.10
2017-09-30 119.58 2.90 43.55
2017-06-30 120.61 8.79 42.00
2017-03-31 119.18 9.66 40.39
2016-12-31 117.74 10.54 38.79
2016-09-30 118.65 9.83 38.62
2016-06-30 119.56 9.12 38.46
2016-03-31 114.48 7.93 38.06
2015-12-31 109.39 6.74 37.66
2015-09-30 105.44 5.30 37.21
2015-06-30 101.49 3.85 36.75
2015-03-31 98.94 4.02 36.19
2014-12-31 96.38 4.20 35.64
2014-09-30 94.05 5.33 35.00
2014-06-30 91.72 6.46 34.36
2014-03-31 93.63 5.81 34.48
2013-12-31 95.54 5.15 34.60
2013-09-30 96.83 1.98 34.91
2013-06-30 98.13 -1.20 35.23

*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.
  • ECA has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ECA used its assets less efficiently than the FR Aerospace & Defense industry average last year based on Return on Assets.
  • ECA's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ECA'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 Aerospace & Defense 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.
ECA has a total score of 2/6, see the detailed checks below.

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

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

Health

 How is ECA'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 ECA's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ECA is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ECA's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ECA'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 6.6x 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 ECA Company Filings, last reported 3 months ago.

ENXTPA:ECASA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31
2019-09-30 77.48 28.16 6.23
2019-06-30 77.48 17.86 6.23
2019-03-31 77.48 17.86 6.23
2018-12-31 78.12 19.79 6.23
2018-09-30 78.12 19.79 6.23
2018-06-30 73.30 20.91 8.96
2018-03-31 73.30 20.91 8.96
2017-12-31 71.85 25.10 10.64
2017-09-30 71.85 25.10 10.64
2017-06-30 76.85 21.45 5.73
2017-03-31 76.85 21.45 5.73
2016-12-31 77.68 15.65 10.36
2016-09-30 77.68 15.65 10.36
2016-06-30 69.74 14.82 7.84
2016-03-31 69.74 14.82 7.84
2015-12-31 70.57 9.58 12.80
2015-09-30 70.57 9.58 12.80
2015-06-30 64.92 4.32 8.82
2015-03-31 64.92 4.32 8.82
2014-12-31 66.18 4.18 8.89
2014-09-30 66.18 4.18 8.89
2014-06-30 64.10 2.66 9.35
2014-03-31 64.10 2.66 9.35
2013-12-31 61.64 4.01 12.21
2013-09-30 61.64 4.01 12.21
2013-06-30 56.08 4.10 8.12
  • ECA's level of debt (23.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (3.9% vs 23.1% today).
  • Debt is well covered by operating cash flow (27.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 96x coverage).
X
Financial health checks
We assess ECA'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. ECA has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is ECA'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
2.08%
Current annual income from ECA dividends. Estimated to be 1.53% next year.
If you bought €2,000 of ECA shares you are expected to receive €42 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?
  • ECA's pays a higher dividend yield than the bottom 25% of dividend payers in France (2.02%).
  • ECA's dividend is below the markets top 25% of dividend payers in France (5.99%).
Upcoming dividend payment

Purchase ECA 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
ENXTPA:ECASA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
France Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.3%
France Market Average Dividend Yield Market Cap Weighted Average of 296 Stocks 3.8%
France Minimum Threshold Dividend Yield 10th Percentile 1.2%
France Bottom 25% Dividend Yield 25th Percentile 2%
France Top 25% Dividend Yield 75th Percentile 6%

Industry and Market average data is calculated daily.

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

ENXTPA:ECASA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.37 3.00
2020-12-31 0.37 3.00
2020-04-09
ENXTPA:ECASA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-23 0.500 2.182
2019-04-18 0.400 1.588
2019-04-03 0.400 1.670
2018-09-18 0.000 0.000
2018-09-14 0.000 0.000
2018-04-12 0.000 0.000
2018-04-03 0.000 0.000
2017-04-06 0.300 1.382
2017-03-22 0.300 1.400
2016-04-06 0.300 1.531
2016-04-04 0.300 1.746
2015-04-07 0.300 2.087
2015-04-02 0.300 2.576
2014-04-08 0.300 2.842
2014-04-02 0.300 2.378
2013-04-18 0.380 4.105
2013-04-12 0.380 4.691
2012-04-25 0.500 5.845
2012-04-16 0.500 3.697
2011-04-28 0.630 4.323
2011-04-18 0.630 3.698
2010-04-29 0.940 6.296
2010-04-12 0.620 4.247
2009-09-17 1.260 9.212
2009-04-30 0.600 5.849

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of ECA's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4x coverage).
X
Income/ dividend checks
We assess ECA's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 ECA afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ECA 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.

Management

 What is the CEO of ECA'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
Guenaël Guillerme
COMPENSATION €60,000
TENURE AS CEO 7.2 years
CEO Bio

Mr. Guenaël Guillerme has been the Chief Executive Officer at ECA SA since February 2013. Mr. Guillerme serves as the Managing Director and Head of Robotics and Integrated Systems Department at ECA SA. Mr. Guillerme served as the Chief Executive Officer of ECA SA. Mr. Guillerme joined ECA in 1997 as General Manager of affiliated company ECA ROBOTICS before becoming Managing Director of Group ECA in 1999 and in 2006 its Chief Executive Officer & Chairman. He has served as a Director of ECA SA since June 5, 2013.

CEO Compensation
  • Guenaël's compensation has increased in line with ECA recently becoming profitable.
  • Guenaël's remuneration is lower than average for companies of similar size in France.
Management Team Tenure

Average tenure of the ECA management team in years:

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

Guenaël Guillerme

TITLE
CEO, MD
COMPENSATION
€60K
TENURE
7.2 yrs

Jean-Louis Sambarino

TITLE
Head of Simulation Department & Director
COMPENSATION
€150K

Gilbert Rosso

TITLE
Head of Aerospace Department
TENURE
4 yrs

Philippe Novelli

TITLE
Chief Commercial Officer for the Robotics Division
AGE
58
TENURE
2 yrs
Board of Directors Tenure

Average tenure of the ECA board of directors in years:

7.9
Average Tenure
  • The tenure for the ECA board of directors is about average.
Board of Directors

Raphaël Gorgé

TITLE
Chairman of the Board
COMPENSATION
€308K
TENURE
13.8 yrs

Guenaël Guillerme

TITLE
CEO, MD
COMPENSATION
€60K
TENURE
6.9 yrs

Jean-Louis Sambarino

TITLE
Head of Simulation Department & Director
COMPENSATION
€150K

Jean-Pierre Gorgé

TITLE
Director
COMPENSATION
€141K
TENURE
15.9 yrs

Catherine Gorgé

TITLE
Director
COMPENSATION
€10K
TENURE
8.8 yrs

Céline Leroy

TITLE
Director
COMPENSATION
€116K
TENURE
5.8 yrs

Loïc Le Berre

TITLE
COMPENSATION
€236K
TENURE
2.8 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 ECA'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. ECA has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

News

Simply Wall St News

Should You Investigate ECA SA (EPA:ECASA) At €22.40?

Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. … ECASA’s optimistic future growth appears to have been factored into the current share price, with shares trading above its fair value. … If you believe ECASA should trade below its current price, selling high and buying it back up again when its price falls towards its real value can be profitable.

Simply Wall St -

What ECA SA's (EPA:ECASA) ROE Can Tell Us

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for ECA: 7.6% = €5.8m ÷ €78m (Based on the trailing twelve months to December 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … One simple way to determine if a company has a good return on equity is to compare it to the average for its industry. … Companies that can achieve high returns on equity without too much debt are generally of good quality.

Simply Wall St -

Announcing: ECA (EPA:ECASA) Stock Increased An Energizing 118% In The Last Five Years

One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … As well as measuring the share price return, investors should also consider the total shareholder return (TSR). … Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity.

Simply Wall St -

ECA SA (EPA:ECASA): What Does The Future Look Like?

Below, I've laid out key numbers on how market analysts view ECA's earnings growth trajectory over the next few years and whether the future looks brighter. … See our latest analysis for ECA Analysts' expectations for the upcoming year seems positive, with earnings rising by a robust 10%. … ENXTPA:ECASA Past and Future Earnings, July 29th 2019 Even though it’s useful to be aware of the growth each year relative to today’s level, it may be more beneficial gauging the rate at which the company is growing every year, on average.

Simply Wall St -

Is ECA (EPA:ECASA) Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' It's only natural to consider a company's balance sheet when you examine how risky it is, since debt is often involved when a business collapses. … ENXTPA:ECASA Historical Debt, July 9th 2019 How Strong Is ECA's Balance Sheet? … Since ECA does have net debt, we think it is worthwhile for shareholders to keep an eye on the balance sheet, over time.

Simply Wall St -

ECA SA (EPA:ECASA): Earnings To Drop Next Year

With trailing-twelve-month net income at current levels of €5.8m, the consensus growth rate suggests that earnings will decline to €5.8m by 2020. … To get an idea of the overall earnings growth trend for ECASA, I’ve plotted out each year’s earnings expectations and inserted a line of best fit to determine an annual rate of growth from the slope of this line. … ENXTPA:ECASA Past and Future Earnings, June 28th 2019 This results in an annual growth rate of 19% based on the most recent earnings level of €5.8m to the final forecast of €11m by 2022.

Simply Wall St -

Do Investors Have Good Reason To Be Wary Of ECA SA's (EPA:ECASA) 1.5% Dividend Yield?

ECA's earnings per share have been essentially flat over the past five years. … Earnings per share have been falling, and the company has cut its dividend at least once in the past. … Without at least some growth in earnings per share over time, the dividend will eventually come under pressure either from costs or inflation.

Simply Wall St -

Is ECA SA (EPA:ECASA) A Volatile Stock?

If you're interested in ECA SA (EPA:ECASA), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … The fact that this is well above 1 indicates that its share price movements have shown sensitivity to overall market volatility.

Simply Wall St -

What Is ECA SA's (EPA:ECASA) Share Price Doing?

What’s more interesting is that, ECA’s share price is quite volatile, which gives us more chances to buy since the share price could sink lower (or rise higher) in the future. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. … This should lead to more robust cash flows, feeding into a higher share value.

Simply Wall St -

Based On Its ROE, Is ECA SA (EPA:ECASA) A High Quality Stock?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for ECA: 7.6% = €5.8m ÷ €78m (Based on the trailing twelve months to December 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Does ECA Have A Good Return On Equity? … How Does Debt Impact Return On Equity?

Simply Wall St -

Company Info

Description

ECA SA engages in the robotics, automated systems, simulation, and industrial businesses worldwide. It designs, develops, supplies, and supports robotic systems, as well as training simulators, remotely operated systems, and special equipment that support the homeland security, special forces, naval, and land and air force domains. The company provides solutions, such as deep-water exploration to pipeline inspection, and seabed survey to mission training for the oil and gas, subsea, hydrographic, oceanographic, and equipment industries. In addition, it designs, manufactures, integrates, and supports aerospace solutions for aircraft manufacturer, engine and systems manufacturer, airlines, and maintenance and repair centers, as well as the defense sector. Further, the company provides solutions in nuclear, railways, water services, drilling, industrial equipment, and renewable energy areas. It also supplies flying, driving, and maintenance aeronautic off-the-shelf simulators, as well as offers tactical simulators for maritime and land mission training. The company was founded in 1936 and is headquartered in La Garde, France. ECA SA is a subsidiary of Groupe Gorgé SA.

Details
Name: ECA SA
ECASA
Exchange: ENXTPA
Founded: 1936
€210,762,360
8,781,765
Website: http://www.ecagroup.com
Address: ECA SA
262, Rue Des Freres Lumiere,
La Garde,
Provence-Alpes-Côte d'Azur, 83130,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA ECASA Ordinary Shares Euronext Paris FR EUR 12. Jul 2004
LSE 0E8A Ordinary Shares London Stock Exchange GB EUR 12. Jul 2004
BATS-CHIXE ECASAP Ordinary Shares BATS 'Chi-X Europe' GB EUR 12. Jul 2004
Number of employees
Current staff
Staff numbers
626
ECA employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 20:31
End of day share price update: 2020/04/09 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/03/23
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.