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Société Anonyme Belge de Constructions Aéronautiques

BATS-CHIXE:SABB
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SABB
BATS-CHIXE
€52M
Market Cap
  1. Home
  2. GB
  3. Capital Goods
Company description

Société Anonyme Belge de Constructions Aéronautiques engages in the study, design, and manufacture of metal and composite structures, servo-systems, and sub-assemblies for the aerospace, civil aviation, and defense markets in Europe. The last earnings update was 53 days ago. More info.


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SABB Share Price and Events
7 Day Returns
0%
BATS-CHIXE:SABB
-0.3%
GB Aerospace & Defense
-0.4%
GB Market
1 Year Returns
-
BATS-CHIXE:SABB
16%
GB Aerospace & Defense
4.5%
GB Market
SABB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Société Anonyme Belge de Constructions Aéronautiques (SABB) 0% 0% - - - -
GB Aerospace & Defense -0.3% 4% 3.8% 16% 5.5% 7.6%
GB Market -0.4% 1.7% 4.7% 4.5% 6.9% 2.9%
1 Year Return vs Industry and Market
  • No trading data on SABB.
  • No trading data on SABB.
Price Volatility
SABB
Industry
5yr Volatility vs Market

SABB Value

 Is Société Anonyme Belge de Constructions Aéronautiques 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 Société Anonyme Belge de Constructions Aéronautiques 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 Société Anonyme Belge de Constructions Aéronautiques.

BATS-CHIXE:SABB 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 14.8%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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

Calculation of Discount Rate/ Cost of Equity for BATS-CHIXE:SABB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.8%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.88
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.877 (1 + (1- 29%) (269.71%))
2.043
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (2 * 6.8%)
14.83%

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

The calculations below outline how an intrinsic value for Société Anonyme Belge de Constructions Aéronautiques 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:SABB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 14.83%)
2020 0.94 Est @ -41.4% 0.82
2021 0.67 Est @ -28.61% 0.51
2022 0.54 Est @ -19.66% 0.36
2023 0.47 Est @ -13.39% 0.27
2024 0.43 Est @ -9.01% 0.21
2025 0.40 Est @ -5.94% 0.17
2026 0.39 Est @ -3.79% 0.15
2027 0.38 Est @ -2.28% 0.12
2028 0.37 Est @ -1.23% 0.11
2029 0.37 Est @ -0.49% 0.09
Present value of next 10 years cash flows €2.00
BATS-CHIXE:SABB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €0.37 × (1 + 1.23%) ÷ (14.83% – 1.23%)
€2.75
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €2.75 ÷ (1 + 14.83%)10
€0.69
BATS-CHIXE:SABB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €2.00 + €0.69
€2.69
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €2.69 / 2.40
€1.12
BATS-CHIXE:SABB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:SABB represents 0.9633x of ENXTBR:SAB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.9633x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 1.12 x 0.9633
€1.08
Value per share (EUR) From above. €1.08
Current discount Discount to share price of €21.00
= -1 x (€21.00 - €1.08) / €1.08
-1844.2%

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

  • The current share price of Société Anonyme Belge de Constructions Aéronautiques 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 Société Anonyme Belge de Constructions Aéronautiques's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Société Anonyme Belge de Constructions Aéronautiques's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:SABB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €2.61
ENXTBR:SAB Share Price ** ENXTBR (2019-08-19) in EUR €21.8
United Kingdom of Great Britain and Northern Ireland Aerospace & Defense Industry PE Ratio Median Figure of 8 Publicly-Listed Aerospace & Defense Companies 24.48x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 751 Publicly-Listed Companies 17.16x

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

** Primary Listing of Société Anonyme Belge de Constructions Aéronautiques.

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

= ENXTBR:SAB Share Price ÷ EPS (both in EUR)

= 21.8 ÷ 2.61

8.36x

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

  • Société Anonyme Belge de Constructions Aéronautiques is good value based on earnings compared to the GB Aerospace & Defense industry average.
  • Société Anonyme Belge de Constructions Aéronautiques is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Société Anonyme Belge de Constructions Aéronautiques's expected growth come at a high price?
Raw Data
BATS-CHIXE:SABB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
21.5%per year
United Kingdom of Great Britain and Northern Ireland Aerospace & Defense Industry PEG Ratio Median Figure of 6 Publicly-Listed Aerospace & Defense Companies 2.12x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 558 Publicly-Listed Companies 1.4x

*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 Société Anonyme Belge de Constructions Aéronautiques, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Société Anonyme Belge de Constructions Aéronautiques's assets?
Raw Data
BATS-CHIXE:SABB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €37.25
ENXTBR:SAB Share Price * ENXTBR (2019-08-19) in EUR €21.8
United Kingdom of Great Britain and Northern Ireland Aerospace & Defense Industry PB Ratio Median Figure of 13 Publicly-Listed Aerospace & Defense Companies 2.25x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,305 Publicly-Listed Companies 1.52x
BATS-CHIXE:SABB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTBR:SAB Share Price ÷ Book Value per Share (both in EUR)

= 21.8 ÷ 37.25

0.59x

* Primary Listing of Société Anonyme Belge de Constructions Aéronautiques.

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

  • Société Anonyme Belge de Constructions Aéronautiques is good value based on assets compared to the GB Aerospace & Defense industry average.
X
Value checks
We assess Société Anonyme Belge de Constructions Aéronautiques'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. Société Anonyme Belge de Constructions Aéronautiques 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.

SABB Future Performance

 How is Société Anonyme Belge de Constructions Aéronautiques expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Société Anonyme Belge de Constructions Aéronautiques, future earnings growth has been estimated based on fundamentals.
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
21.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Société Anonyme Belge de Constructions Aéronautiques expected to grow at an attractive rate?
  • Société Anonyme Belge de Constructions Aéronautiques's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Société Anonyme Belge de Constructions Aéronautiques's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Unable to compare Société Anonyme Belge de Constructions Aéronautiques'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:SABB Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:SABB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 21.5%
United Kingdom of Great Britain and Northern Ireland Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 12.1%
United Kingdom of Great Britain and Northern Ireland Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.6%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*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:SABB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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:SABB Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 180 8 6
2019-03-31 185 7 6
2018-12-31 190 6 5
2018-09-30 200 14 2
2018-06-30 209 21 -1
2018-03-31 216 28 1
2017-12-31 223 35 3
2017-09-30 220 28 -5
2017-06-30 216 21 -13
2017-03-31 212 24 -12
2016-12-31 208 28 -11
2016-09-30 206 32 -5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Société Anonyme Belge de Constructions Aéronautiques's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Société Anonyme Belge de Constructions Aéronautiques 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:SABB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Société Anonyme Belge de Constructions Aéronautiques Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:SABB Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 2.61
2019-03-31 2.39
2018-12-31 2.16
2018-09-30 0.90
2018-06-30 -0.36
2018-03-31 0.35
2017-12-31 1.06
2017-09-30 -2.21
2017-06-30 -5.48
2017-03-31 -5.02
2016-12-31 -4.56
2016-09-30 -1.98

*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 Société Anonyme Belge de Constructions Aéronautiques will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Société Anonyme Belge de Constructions Aéronautiques'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.
Société Anonyme Belge de Constructions Aéronautiques has a total score of 3/6, 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.

SABB Past Performance

  How has Société Anonyme Belge de Constructions Aéronautiques 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 Société Anonyme Belge de Constructions Aéronautiques'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.
  • Société Anonyme Belge de Constructions Aéronautiques has delivered over 20% year on year earnings growth in the past 5 years.
  • Société Anonyme Belge de Constructions Aéronautiques has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Société Anonyme Belge de Constructions Aéronautiques has become profitable in the last year making it difficult to compare the GB Aerospace & Defense industry average.
Earnings and Revenue History
Société Anonyme Belge de Constructions Aéronautiques'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 Société Anonyme Belge de Constructions Aéronautiques Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:SABB Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 180.00 6.26 63.47
2019-03-31 185.03 5.73 63.09
2018-12-31 190.07 5.19 62.71
2018-09-30 199.73 2.16 62.69
2018-06-30 209.40 -0.88 62.68
2018-03-31 216.01 0.84 64.85
2017-12-31 222.63 2.55 67.01
2017-09-30 219.55 -5.31 67.75
2017-06-30 216.47 -13.16 68.50
2017-03-31 212.21 -12.06 68.85
2016-12-31 207.95 -10.95 69.20
2016-09-30 205.60 -4.76 69.77
2016-06-30 203.26 1.44 70.34
2016-03-31 195.27 -3.21 70.10
2015-12-31 187.28 -7.87 69.85
2015-09-30 179.21 -13.25 69.57
2015-06-30 171.14 -18.64 69.28
2015-03-31 177.05 -16.50 68.33
2014-12-31 182.96 -14.35 67.37
2014-09-30 180.90 -4.74 67.26
2014-06-30 178.85 4.88 67.16
2014-03-31 180.25 6.96 67.11
2013-12-31 181.65 9.03 67.07
2013-09-30 170.43 9.99 67.22
2013-06-30 159.21 10.94 67.37
2013-03-31 161.87 10.95 66.33
2012-12-31 164.52 10.96 65.28

*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.
  • Société Anonyme Belge de Constructions Aéronautiques has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Société Anonyme Belge de Constructions Aéronautiques used its assets less efficiently than the GB Aerospace & Defense industry average last year based on Return on Assets.
  • Société Anonyme Belge de Constructions Aéronautiques's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Société Anonyme Belge de Constructions Aéronautiques'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.
Société Anonyme Belge de Constructions Aéronautiques has a total score of 1/6, 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.

SABB Health

 How is Société Anonyme Belge de Constructions Aéronautiques'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 Société Anonyme Belge de Constructions Aéronautiques's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Société Anonyme Belge de Constructions Aéronautiques is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Société Anonyme Belge de Constructions Aéronautiques's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Société Anonyme Belge de Constructions Aéronautiques'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 1.6x 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 Société Anonyme Belge de Constructions Aéronautiques Company Filings, last reported 4 months ago.

BATS-CHIXE:SABB Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 89.86 141.11 85.69
2019-03-31 89.86 141.11 85.69
2018-12-31 90.64 96.70 93.43
2018-09-30 90.64 96.70 93.43
2018-06-30 82.39 126.39 91.02
2018-03-31 82.39 126.39 91.02
2017-12-31 82.32 99.38 101.91
2017-09-30 82.32 99.38 101.91
2017-06-30 84.61 112.90 58.64
2017-03-31 84.61 112.90 58.64
2016-12-31 80.93 81.17 55.73
2016-09-30 80.93 81.17 55.73
2016-06-30 91.25 104.90 41.72
2016-03-31 91.25 104.90 41.72
2015-12-31 87.15 75.76 32.25
2015-09-30 87.15 75.76 32.25
2015-06-30 91.55 88.20 15.81
2015-03-31 91.55 88.20 15.81
2014-12-31 93.85 76.55 34.22
2014-09-30 93.85 76.55 34.22
2014-06-30 110.55 82.90 34.54
2014-03-31 110.55 82.90 34.54
2013-12-31 113.20 80.32 47.06
2013-09-30 113.20 80.32 47.06
2013-06-30 106.77 113.07 56.98
2013-03-31 106.77 113.07 56.98
2012-12-31 105.00 75.71 85.24
  • Société Anonyme Belge de Constructions Aéronautiques's level of debt (155.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (73.4% vs 155.2% today).
  • Debt is not well covered by operating cash flow (6%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.9x coverage).
X
Financial health checks
We assess Société Anonyme Belge de Constructions Aéronautiques'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. Société Anonyme Belge de Constructions Aéronautiques has a total score of 3/6, 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.

SABB Dividends

 What is Société Anonyme Belge de Constructions Aéronautiques's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Société Anonyme Belge de Constructions Aéronautiques dividends.
If you bought €2,000 of Société Anonyme Belge de Constructions Aéronautiques shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Société Anonyme Belge de Constructions Aéronautiques's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Société Anonyme Belge de Constructions Aéronautiques's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BATS-CHIXE:SABB 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 Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 3.1%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 680 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:SABB Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2015-10-08 0.000 0.000
2015-05-08 0.000 0.000
2015-04-27 0.000 0.000
2014-05-02 0.840 2.300
2013-04-30 1.360 3.632
2012-05-09 0.880 3.024
2011-04-19 0.880 3.347
2010-04-16 0.570 2.306
2010-01-15 0.570 3.248
2009-01-14 0.840 6.151

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

  • Unable to perform a dividend volatility check as Société Anonyme Belge de Constructions Aéronautiques has not reported any payouts.
  • Unable to verify if Société Anonyme Belge de Constructions Aéronautiques's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Société Anonyme Belge de Constructions Aéronautiques's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Société Anonyme Belge de Constructions Aéronautiques has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Société Anonyme Belge de Constructions Aéronautiques's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Société Anonyme Belge de Constructions Aéronautiques afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Société Anonyme Belge de Constructions Aéronautiques has a total score of 0/6, see the detailed checks below.


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

SABB Management

 What is the CEO of Société Anonyme Belge de Constructions Aéronautiques'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
Jongen Thibauld
COMPENSATION €327,355
AGE 48
TENURE AS CEO 3.4 years
CEO Bio

Mr. Jongen Thibauld has been the Chief Executive Officer of Société Anonyme Belge de Constructions Aéronautiques since June 01, 2016. After starting his career in 1998 as a Researcher at Unilever Research in Rotterdam, Mr. Thibauld was appointed in 2000 Programme Director for Unilever Corporate Research. He then joined Techspace Aero (Safran Group) in 2003 in its Business Unit Engineering of CENCO International benchmarks and is responsible for strategy and business. He was appointed Senior Vice President of Techspace Aero, Director of CENCO International and Chairman of the Board of Directors of the subsidiary CENCO Inc. in Minneapolis (USA) in 2010. He was also appointed Chairman of the Committee Trials Safran Group in 2014. Mr. Thibauld holds Civil Engineer degree in applied mathematics at the University of Louvain (UCL), supplemented by a Master in Fluid Dynamics and a Doctorate of Science.

CEO Compensation
  • Jongen's compensation has increased in line with Société Anonyme Belge de Constructions Aéronautiques recently becoming profitable.
  • Jongen's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Jongen Thibauld

TITLE
Chief Executive Officer
COMPENSATION
€327K
AGE
48
TENURE
3.4 yrs

Dimitri Duray

TITLE
Chief Financial Officer
TENURE
4.5 yrs

Peter Reynaert

TITLE
Director of Operations

Didier Descamps

TITLE
Technical Director

Tiny Coppens

TITLE
Human Resources & Facility Director

Pierre De Graef

TITLE
Head of Brussels Plant

André Baus

TITLE
Head of Information Technology Department

Josianne Evrard

TITLE
Head of the Quality Department

Pierre-Michel Léonard

TITLE
Head of the Supply Chain Department
Board of Directors Tenure

Average tenure and age of the Société Anonyme Belge de Constructions Aéronautiques board of directors in years:

5.6
Average Tenure
59
Average Age
  • The tenure for the Société Anonyme Belge de Constructions Aéronautiques board of directors is about average.
Board of Directors

Remo Pellichero

TITLE
Chairman of the Board

Jacques de Smet

TITLE
Independent Director
TENURE
10.3 yrs

Charles Edelstenne

TITLE
Director
AGE
81

Loïk Segalen

TITLE
Director
AGE
59
TENURE
14.6 yrs

Philippe Delaunois

TITLE
Independent Director
AGE
78
TENURE
8.8 yrs

Olivier de Beauregard

TITLE
Director
AGE
59

Michèle Gillot

TITLE
Independent Director
TENURE
2.4 yrs

Carole Fiquemont

TITLE
Director
TENURE
2.2 yrs

Josée Sulzer

TITLE
Director
AGE
58
TENURE
0.6 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 Société Anonyme Belge de Constructions Aéronautiques'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. Société Anonyme Belge de Constructions Aéronautiques 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.

SABB News

Simply Wall St News

SABB Company Info

Description

Société Anonyme Belge de Constructions Aéronautiques engages in the study, design, and manufacture of metal and composite structures, servo-systems, and sub-assemblies for the aerospace, civil aviation, and defense markets in Europe. It is involved in the pre-design, design, development, production, testing, and after-sales support of large and complex metallic, as well as composite primary and secondary structures for civil and transport aircraft markets. The company’s specialties comprise metallic structures, including pressurized floors and flap support mechanisms; and CFRP skins with integrated stiffeners for flaps and horizontal stabilizers, as well as HTP spars and flap track fairings for its customers. It also produces special systems for business and commercial jets, such as direct drive valve equipping the A320 family and the A340-500/600, or hydraulic devices for the Dassault Falcon jets. In addition, the company designs, develops, produces, and tests various models of the Ariane European space launchers; and produces special interfaces like a quick-release connection for the Ariane 5 ground umbilicals, as well as fairings for the separation rockets. Further, it provides thrust vectoring control systems, including actuators and associated electronic local control loop for space launchers; and various solutions for upgrades of the structure, navigation and weapon avionics, power generation, chaff and flares, other systems integration, heavy maintenance, repairs, and major upgrades for military aircraft and helicopters. The company was founded in 1920 and is based in Brussels, Belgium. Société Anonyme Belge de Constructions Aéronautiques is a subsidiary of Dassault Belgique Aviation S.A.

Details
Name: Société Anonyme Belge de Constructions Aéronautiques
SABB
Exchange: BATS-CHIXE
Founded: 1920
€52,320,000
2,400,000
Website: http://www.sabca.be
Address: Société Anonyme Belge de Constructions Aéronautiques
Chaussée de Haecht 1470,
Brussels,
Brussels, 1130,
Belgium
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTBR SAB Bearer Shares Euronext Brussels BE EUR 02. Jan 1992
BATS-CHIXE SABB Bearer Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
940
Société Anonyme Belge de Constructions Aéronautiques employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/16 19:40
End of day share price update: 2019/08/19 00:00
Last earnings filing: 2019/09/24
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.