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Colas

BATS-CHIXE:REP
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
REP
BATS-CHIXE
€3B
Market Cap
  1. Home
  2. GB
  3. Capital Goods
Company description

Colas SA constructs and maintains transport infrastructure worldwide. The last earnings update was 15 days ago. More info.


Add to Portfolio Compare Print
  • Colas has significant price volatility in the past 3 months.
REP Share Price and Events
7 Day Returns
-0.8%
BATS-CHIXE:REP
7.1%
GB Construction
5.3%
GB Market
1 Year Returns
-25.6%
BATS-CHIXE:REP
-30.4%
GB Construction
-21.5%
GB Market
REP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Colas (REP) -0.8% -13.3% -22.8% -25.6% -31.3% -32.7%
GB Construction 7.1% -11.5% -19.6% -30.4% -55.5% -54.4%
GB Market 5.3% -6.5% -25.2% -21.5% -22.4% -21.9%
1 Year Return vs Industry and Market
  • REP outperformed the Construction industry which returned -30.4% over the past year.
  • REP underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -21.5% over the past year.
Price Volatility
REP
Industry
5yr Volatility vs Market
Related Companies

REP Value

 Is Colas 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 Colas 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 Colas.

BATS-CHIXE:REP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

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 BATS-CHIXE:REP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
Construction Unlevered Beta Simply Wall St/ S&P Global 0.89
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.889 (1 + (1- 33%) (37.27%))
1.074
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.074 * 6.07%)
7.05%

Discounted Cash Flow Calculation for BATS-CHIXE:REP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Colas 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.

BATS-CHIXE:REP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.05%)
2020 552.63 Est @ 66.36% 516.23
2021 810.21 Est @ 46.61% 706.98
2022 1,075.84 Est @ 32.79% 876.93
2023 1,324.46 Est @ 23.11% 1,008.46
2024 1,540.81 Est @ 16.34% 1,095.91
2025 1,719.45 Est @ 11.59% 1,142.41
2026 1,861.72 Est @ 8.27% 1,155.45
2027 1,972.52 Est @ 5.95% 1,143.57
2028 2,057.83 Est @ 4.32% 1,114.44
2029 2,123.40 Est @ 3.19% 1,074.20
Present value of next 10 years cash flows €9,834.00
BATS-CHIXE:REP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €2,123.40 × (1 + 0.53%) ÷ (7.05% – 0.53%)
€32,730.04
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €32,730.04 ÷ (1 + 7.05%)10
€16,557.66
BATS-CHIXE:REP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €9,834.00 + €16,557.66
€26,391.66
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €26,391.66 / 32.63
€808.71
BATS-CHIXE:REP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:REP represents 1.00948x of ENXTPA:RE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00948x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 808.71 x 1.00948
€816.38
Value per share (EUR) From above. €816.38
Current discount Discount to share price of €106.50
= -1 x (€106.50 - €816.38) / €816.38
87%

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

Current Discount
Amount off the current price Colas is available for.
Intrinsic value
>50%
Share price is €106.5 vs Future cash flow value of €816.38
Current Discount Checks
For Colas to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Colas's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Colas'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 Colas's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Colas's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:REP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €8.00
ENXTPA:RE Share Price ** ENXTPA (2020-04-07) in EUR €105.5
United Kingdom of Great Britain and Northern Ireland Construction Industry PE Ratio Median Figure of 17 Publicly-Listed Construction Companies 7.77x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 747 Publicly-Listed Companies 13.27x

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

** Primary Listing of Colas.

BATS-CHIXE:REP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 105.5 ÷ 8.00

13.19x

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

  • Colas is overvalued based on earnings compared to the GB Construction industry average.
  • Colas is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Colas's expected growth come at a high price?
Raw Data
BATS-CHIXE:REP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland Construction Industry PEG Ratio Median Figure of 9 Publicly-Listed Construction Companies 0.88x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 513 Publicly-Listed Companies 1.03x

*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 Colas, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Colas's assets?
Raw Data
BATS-CHIXE:REP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €88.31
ENXTPA:RE Share Price * ENXTPA (2020-04-07) in EUR €105.5
United Kingdom of Great Britain and Northern Ireland Construction Industry PB Ratio Median Figure of 19 Publicly-Listed Construction Companies 1.09x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,322 Publicly-Listed Companies 1.13x
BATS-CHIXE:REP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 105.5 ÷ 88.31

1.19x

* Primary Listing of Colas.

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

  • Colas is overvalued based on assets compared to the GB Construction industry average.
X
Value checks
We assess Colas'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 Construction 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 Construction industry average (and greater than 0)? (1 check)
  5. Colas 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.

REP Future Performance

 How is Colas expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Colas has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
16%
Expected Construction industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Colas expected to grow at an attractive rate?
  • Unable to compare Colas's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Colas's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Unable to compare Colas's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:REP Future Growth Rates Data Sources
Data Point Source Value (per year)
United Kingdom of Great Britain and Northern Ireland Construction Industry Earnings Growth Rate Market Cap Weighted Average 16%
United Kingdom of Great Britain and Northern Ireland Construction Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.4%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.5%

*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
BATS-CHIXE:REP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:REP Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 13,688 798 261
2019-09-30 13,676 592 257
2019-06-30 13,663 304 253
2019-03-31 13,427 335 240
2018-12-31 13,190 447 226
2018-09-30 12,627 555 257
2018-06-30 12,064 662 287
2018-03-31 11,885 568 308
2017-12-31 11,705 473 328
2017-09-30 11,518 459 333
2017-06-30 11,330 444 338
2017-03-31 11,168 531 347

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Colas is high growth as no earnings estimate data is available.
  • Unable to determine if Colas is high growth as no revenue estimate data is available.
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
BATS-CHIXE:REP 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 0 Analyst Estimates (S&P Global) See Below

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

BATS-CHIXE:REP Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 8.00
2019-09-30 7.89
2019-06-30 7.77
2019-03-31 7.35
2018-12-31 6.93
2018-09-30 7.86
2018-06-30 8.79
2018-03-31 9.42
2017-12-31 10.04
2017-09-30 10.20
2017-06-30 10.35
2017-03-31 10.61

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Colas will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Colas is trading at Colas'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Colas's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Colas'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Colas 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.

REP Past Performance

  How has Colas 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 Colas's growth in the last year to its industry (Construction).
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.
  • Colas's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Colas's 1-year earnings growth exceeds its 5-year average (15.5% vs -7.5%)
  • Colas's earnings growth has exceeded the GB Construction industry average in the past year (15.5% vs 6.6%).
Earnings and Revenue History
Colas'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 Colas Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:REP 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 13,688.00 261.00 6,510.00
2019-09-30 13,675.50 257.03 6,526.00
2019-06-30 13,663.00 253.00 6,619.00
2019-03-31 13,426.50 239.50 6,496.50
2018-12-31 13,190.00 226.07 6,297.00
2018-09-30 12,627.00 256.53 6,123.00
2018-06-30 12,064.00 287.00 5,949.00
2018-03-31 11,884.50 307.50 5,906.00
2017-12-31 11,705.00 328.00 5,863.00
2017-09-30 11,517.50 333.00 5,773.00
2017-06-30 11,330.00 338.00 5,683.00
2017-03-31 11,168.00 346.50 5,634.50
2016-12-31 11,006.00 355.00 5,586.00
2016-09-30 11,220.00 293.50 5,608.00
2016-06-30 11,434.00 232.00 5,630.00
2016-03-31 11,697.00 233.00 5,640.00
2015-12-31 11,960.00 234.00 5,650.00
2015-09-30 12,133.00 230.00 5,648.00
2015-06-30 12,306.00 226.00 5,646.00
2015-03-31 12,351.00 415.00 5,617.50
2014-12-31 12,396.00 604.00 5,589.00
2014-09-30 12,539.50 628.50 5,658.00
2014-06-30 12,683.00 653.00 5,727.00
2014-03-31 13,383.00 597.50 7,155.00
2013-12-31 12,845.00 312.00 5,814.00
2013-09-30 12,871.50 300.50 5,771.50
2013-06-30 12,898.00 289.00 5,729.00

*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.
  • Colas has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Colas used its assets less efficiently than the GB Construction industry average last year based on Return on Assets.
  • Colas's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Colas'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 Construction 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.
Colas 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.

REP Health

 How is Colas'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 Colas's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Colas is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Colas's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Colas'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 6.2x 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 Colas Company Filings, last reported 3 months ago.

BATS-CHIXE:REP Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,909.00 855.00 500.00
2019-09-30 2,909.00 855.00 500.00
2019-06-30 2,542.00 1,894.00 363.00
2019-03-31 2,542.00 1,894.00 363.00
2018-12-31 2,797.00 1,038.00 577.00
2018-09-30 2,797.00 1,038.00 577.00
2018-06-30 2,424.00 1,705.00 409.00
2018-03-31 2,424.00 1,705.00 409.00
2017-12-31 2,827.00 238.00 694.00
2017-09-30 2,827.00 238.00 694.00
2017-06-30 2,494.00 896.00 348.00
2017-03-31 2,494.00 896.00 348.00
2016-12-31 2,713.00 234.00 776.00
2016-09-30 2,713.00 234.00 776.00
2016-06-30 2,455.00 642.00 353.00
2016-03-31 2,455.00 642.00 353.00
2015-12-31 2,724.00 279.00 866.00
2015-09-30 2,724.00 279.00 866.00
2015-06-30 2,432.00 948.00 409.00
2015-03-31 2,432.00 948.00 409.00
2014-12-31 2,945.00 348.00 1,063.00
2014-09-30 2,945.00 348.00 1,063.00
2014-06-30 2,599.00 716.00 415.00
2014-03-31 2,599.00 716.00 415.00
2013-12-31 2,527.00 459.00 522.00
2013-09-30 2,527.00 459.00 522.00
2013-06-30 2,247.00 1,470.00 365.00
  • Colas's level of debt (29.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (12.1% vs 29.4% today).
  • Debt is well covered by operating cash flow (93.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8x coverage).
X
Financial health checks
We assess Colas'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. Colas 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.

REP Dividends

 What is Colas'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
6.07%
Current annual income from Colas dividends.
If you bought €2,000 of Colas shares you are expected to receive €121 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?
  • Colas's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.49%).
  • Colas's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (6.84%).
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
BATS-CHIXE:REP 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 0 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Construction Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 5.4%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 575 Stocks 5.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.5%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 6.8%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:REP Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-25 6.400 6.063
2020-02-20 6.400 5.492
2019-03-19 5.550 3.978
2019-02-21 5.550 4.048
2018-03-21 8.200 5.082
2018-02-22 8.200 4.563
2017-02-24 8.200 4.763
2017-02-23 8.200 5.329
2016-04-14 5.450 4.040
2016-02-24 5.450 4.023
2016-02-22 5.450 4.113
2015-02-26 4.000 2.942
2015-02-25 4.000 2.690
2014-04-15 7.260 5.315
2013-04-17 7.260 6.102
2013-02-27 7.260 6.032
2012-04-18 7.260 6.593
2012-02-28 7.260 5.826
2011-03-01 6.300 5.046
2010-03-01 6.750 4.234
2009-04-14 8.750 4.959

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 Colas's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
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 Colas's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Colas afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Colas has a total score of 2/6, see the detailed checks below.


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

REP Management

 What is the CEO of Colas'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
Frédéric Gardès
AGE 48
TENURE AS CEO 1.3 years
CEO Bio

Mr. Frédéric Gardès is Chief Executive Officer of Colas at Bouygues SA since May 2019. He served as Managing Director of International (excluding North America), Networks, Major Projects at Colas SA until 2019. He was Chief Executive Officer and Managing Director of International (excluding the North America), Roads, Networks at Colas SA since 2019. Mr. Gardès was Managing Director of International (excluding the Americas) of Roads and Networks since July 2018 until 2019. He began his career in 1994 within the Bouygues group as a Construction Engineer at Bouygues Offshore. From 2002 to 2011, he continued his career at Saipem in management positions of major international projects. In 2011, he joined Colas as director of GTOI, a subsidiary in Reunion. He took then the lead of the Indian Ocean Regional Directorate in 2013 and then became Deputy General Manager Northern Europe and Middle East in 2015. He graduated from the Ecole Centrale de Paris and the Polytechnic School of Stockholm.

CEO Compensation
  • Insufficient data for Frédéric to compare compensation growth.
  • Insufficient data for Frédéric to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Frédéric Gardès

TITLE
Chief Executive Officer
AGE
48
TENURE
1.3 yrs

Gilles Nicolle

TITLE
Head of Accounting

Yves François

TITLE
Chief Information Officer

Alain Clotte

TITLE
Chief Legal Officer

Sophie Sadeler

TITLE
Communications Manager

Philippe Tournier

TITLE
Group Human Resources Manager
AGE
62

Jacques Souche

TITLE
Head of Guadeloupe

Chaiwat Srivalwat

TITLE
Managing Director of Tasco - Thailand
AGE
59

Christian de Pins

TITLE
Managing Director of France and President of Screg Ile-De-France Normandie
COMPENSATION
€695K

Christophe Da Poian

TITLE
Deputy MD of Africa
Board of Directors Tenure

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

6.2
Average Tenure
65
Average Age
  • The tenure for the Colas board of directors is about average.
Board of Directors

Olivier Roussat

TITLE
Chairman of the Board of Directors
AGE
55
TENURE
1.3 yrs

Christophe Guy

TITLE
Chairman & CEO Colas EST

Patrick Guénolé

TITLE
Deputy MD

Daniel Ducroix

TITLE
Deputy MD of Waterproofing

Jim Weeks

TITLE
Chairman of the Board of Barrett Industries Corporation & Senior VP of Colas Inc

Philippe Durand

TITLE
Chairman & CEO of Colas Sud-Ouest

Colette Lewiner

TITLE
Independent Director
COMPENSATION
€32K
AGE
74
TENURE
9.2 yrs

Olivier Bouygues

TITLE
Director
COMPENSATION
€20K
AGE
69

Martine Gavelle

TITLE
Independent Director
COMPENSATION
€22K
AGE
65
TENURE
6.2 yrs

Catherine Ronge

TITLE
Independent Director
COMPENSATION
€24K
AGE
58
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 Colas'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. Colas 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.

REP News

Simply Wall St News

REP Company Info

Description

Colas SA constructs and maintains transport infrastructure worldwide. It operates through Roads Mainland France, Roads Europe, Roads North America, Roads Rest of the World, and Specialized Activities segments. The company builds and maintains roads and highways; and works on airfield runways and aprons, seaports, industrial sites, logistics and commercial premises, city streets and urban development, reserved-lane public transport, recreational amenities and environmental protection, etc. It also engages in the renovation, demolition, and deconstruction of existing buildings; and constructs small-scale civil engineering and drainage projects. In addition, the company produces and recycles construction materials, such as aggregates, emulsions and binders, asphalt mixes, ready-mix concrete, and bitumen. Further, it designs and engineers rail projects; constructs, renews, and maintains rail networks, such as high-speed and conventional train routes, tramways, and metros; lays and maintains tracks, electrification, and signaling and safety systems, as well as specialty projects comprising retractable bridges, special branch lines, and tunnels; and manufactures ties, as well as operates a rail freight business. Additionally, the company manufactures and sells waterproofing membranes, and lighting and smoke extraction equipment; performs waterproofing work on buildings, engineering structures, parking lots, and building envelopes; and installs and maintains servo-controls, as well as pipelines and pipes for the transport of fluids. It also manufactures, installs, and maintains road safety and signaling products consisting of safety equipment, such as guardrails and traffic directing systems; road paints and marking products; signs; and traffic and access management systems, including traffic lights and equipment for toll booths, parking lots, and access control. The company was founded in 1929 and is headquartered in Paris, France. Colas SA is a subsidiary of Bouygues SA.

Details
Name: Colas SA
REP
Exchange: BATS-CHIXE
Founded: 1929
€3,442,906,306
32,634,183
Website: http://www.colas.com
Address: Colas SA
1, rue du Colonel Pierre Avia,
Paris,
Ile-de-France, 75015,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA RE Registered Shares Euronext Paris FR EUR 02. Jan 1989
DB OL3 Registered Shares Deutsche Boerse AG DE EUR 02. Jan 1989
LSE 0NZ1 Registered Shares London Stock Exchange GB EUR 02. Jan 1989
BATS-CHIXE REP Registered Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1989
Number of employees
Current staff
Staff numbers
57,037
Colas employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 20:08
End of day share price update: 2020/04/07 00:00
Last earnings filing: 2020/03/25
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.