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Grenobloise d'Electronique et d'Automatismes Société Anonyme

BATS-CHIXE:GEAP
Snowflake Description

Excellent balance sheet unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GEAP
BATS-CHIXE
€104M
Market Cap
  1. Home
  2. GB
  3. Tech
Company description

Grenobloise d'Electronique et d'Automatismes Société Anonyme designs, develops, manufactures, integrates, installs, and maintains electronic and computerized toll collection systems. The last earnings update was 66 days ago. More info.


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GEAP Share Price and Events
7 Day Returns
0%
BATS-CHIXE:GEAP
-1.7%
GB Electronic
0.1%
GB Market
1 Year Returns
5.1%
BATS-CHIXE:GEAP
-9.6%
GB Electronic
-23.6%
GB Market
GEAP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Grenobloise d'Electronique et d'Automatismes Société Anonyme (GEAP) 0% -5.1% - 5.1% - 29.4%
GB Electronic -1.7% -10.3% -18.3% -9.6% 19.5% 57.9%
GB Market 0.1% -15.5% -27% -23.6% -24.3% -23.5%
1 Year Return vs Industry and Market
  • GEAP outperformed the Electronic industry which returned -9.6% over the past year.
  • GEAP outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -23.6% over the past year.
Price Volatility
GEAP
Industry
5yr Volatility vs Market

Value

 Is Grenobloise d'Electronique et d'Automatismes Société Anonyme 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 Grenobloise d'Electronique et d'Automatismes Société Anonyme 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 Grenobloise d'Electronique et d'Automatismes Société Anonyme.

BATS-CHIXE:GEAP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in EUR € 2.100000
Payout Ratio Company Filings (2019-09-30) 3830.7%
Discount Rate (Cost of Equity) See below 8.5%
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:GEAP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.086 (1 + (1- 33%) (0%))
1.312
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.31
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.312 * 6.07%)
8.5%

Discounted Cash Flow Calculation for BATS-CHIXE:GEAP using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Grenobloise d'Electronique et d'Automatismes Société Anonyme 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.

BATS-CHIXE:GEAP Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €2.1 / (8.5% - 0.53%)
€28.47
BATS-CHIXE:GEAP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:GEAP represents 1.03933x of ENXTPA:GEA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.03933x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 26.36 x 1.03933
€27.40
Value per share (EUR) From above. €27.40
Current discount Discount to share price of €92.50
= -1 x (€92.50 - €27.40) / €27.40
-237.6%

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

  • The current share price of Grenobloise d'Electronique et d'Automatismes Société Anonyme 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 Grenobloise d'Electronique et d'Automatismes Société Anonyme's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Grenobloise d'Electronique et d'Automatismes Société Anonyme's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:GEAP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €3.54
ENXTPA:GEA Share Price ** ENXTPA (2020-03-10) in EUR €89
United Kingdom of Great Britain and Northern Ireland Electronic Industry PE Ratio Median Figure of 22 Publicly-Listed Electronic Companies 16.76x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.61x

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

** Primary Listing of Grenobloise d'Electronique et d'Automatismes Société Anonyme.

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

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

= 89 ÷ 3.54

25.14x

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

  • Grenobloise d'Electronique et d'Automatismes Société Anonyme is overvalued based on earnings compared to the GB Electronic industry average.
  • Grenobloise d'Electronique et d'Automatismes Société Anonyme is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Grenobloise d'Electronique et d'Automatismes Société Anonyme's expected growth come at a high price?
Raw Data
BATS-CHIXE:GEAP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.14x
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 Electronic Industry PEG Ratio Median Figure of 11 Publicly-Listed Electronic Companies 0.98x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 517 Publicly-Listed Companies 0.99x

*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 Grenobloise d'Electronique et d'Automatismes Société Anonyme, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Grenobloise d'Electronique et d'Automatismes Société Anonyme's assets?
Raw Data
BATS-CHIXE:GEAP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €70.03
ENXTPA:GEA Share Price * ENXTPA (2020-03-10) in EUR €89
United Kingdom of Great Britain and Northern Ireland Electronic Industry PB Ratio Median Figure of 33 Publicly-Listed Electronic Companies 1.86x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.11x
BATS-CHIXE:GEAP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 89 ÷ 70.03

1.27x

* Primary Listing of Grenobloise d'Electronique et d'Automatismes Société Anonyme.

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

  • Grenobloise d'Electronique et d'Automatismes Société Anonyme is good value based on assets compared to the GB Electronic industry average.
X
Value checks
We assess Grenobloise d'Electronique et d'Automatismes Société Anonyme'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. Grenobloise d'Electronique et d'Automatismes Société Anonyme has a total score of 1/6, see the detailed checks below.

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

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

Future Performance

 How is Grenobloise d'Electronique et d'Automatismes Société Anonyme 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 Grenobloise d'Electronique et d'Automatismes Société Anonyme 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
9.1%
Expected Electronic industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Grenobloise d'Electronique et d'Automatismes Société Anonyme expected to grow at an attractive rate?
  • Unable to compare Grenobloise d'Electronique et d'Automatismes Société Anonyme's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Grenobloise d'Electronique et d'Automatismes Société Anonyme's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Unable to compare Grenobloise d'Electronique et d'Automatismes Société Anonyme'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:GEAP Future Growth Rates Data Sources
Data Point Source Value (per year)
United Kingdom of Great Britain and Northern Ireland Electronic Industry Earnings Growth Rate Market Cap Weighted Average 9.1%
United Kingdom of Great Britain and Northern Ireland Electronic Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.5%
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:GEAP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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:GEAP Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 39 -3 4
2019-06-30 40 5
2019-03-31 40 -6 5
2018-12-31 42 -1 6
2018-09-30 44 4 6
2018-06-30 44 6
2018-03-31 43 11 7
2017-12-31 42 10 6
2017-09-30 41 8 6
2017-06-30 44 7
2017-03-31 46 11 7
2016-12-31 49 7 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Grenobloise d'Electronique et d'Automatismes Société Anonyme is high growth as no earnings estimate data is available.
  • Unable to determine if Grenobloise d'Electronique et d'Automatismes Société Anonyme 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:GEAP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Grenobloise d'Electronique et d'Automatismes Société Anonyme Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:GEAP Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 3.54
2019-06-30 4.01
2019-03-31 4.28
2018-12-31 4.66
2018-09-30 5.04
2018-06-30 5.27
2018-03-31 5.48
2017-12-31 5.34
2017-09-30 5.19
2017-06-30 5.51
2017-03-31 5.83
2016-12-31 5.80

*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 Grenobloise d'Electronique et d'Automatismes Société Anonyme will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Grenobloise d'Electronique et d'Automatismes Société Anonyme's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Grenobloise d'Electronique et d'Automatismes Société Anonyme'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 Tech 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 Grenobloise d'Electronique et d'Automatismes Société Anonyme'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.
Grenobloise d'Electronique et d'Automatismes Société Anonyme 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.

Past Performance

  How has Grenobloise d'Electronique et d'Automatismes Société Anonyme 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 Grenobloise d'Electronique et d'Automatismes Société Anonyme's growth in the last year to its industry (Electronic).
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.
  • Grenobloise d'Electronique et d'Automatismes Société Anonyme's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Grenobloise d'Electronique et d'Automatismes Société Anonyme's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Grenobloise d'Electronique et d'Automatismes Société Anonyme's 1-year earnings growth is negative, it can't be compared to the GB Electronic industry average.
Earnings and Revenue History
Grenobloise d'Electronique et d'Automatismes Société Anonyme'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 Grenobloise d'Electronique et d'Automatismes Société Anonyme Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:GEAP Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 39.01 4.23 13.34
2019-06-30 39.50 4.67 13.31
2019-03-31 40.00 5.11 13.29
2018-12-31 42.09 5.57 13.53
2018-09-30 44.19 6.03 13.77
2018-06-30 43.53 6.29 13.97
2018-03-31 42.87 6.55 14.16
2017-12-31 41.86 6.37 14.17
2017-09-30 40.84 6.20 14.19
2017-06-30 43.66 6.58 14.34
2017-03-31 46.47 6.96 14.49
2016-12-31 48.53 6.93 14.70
2016-09-30 50.58 6.89 14.91
2016-06-30 51.39 6.73 15.02
2016-03-31 52.20 6.57 15.13
2015-12-31 55.07 7.17 15.23
2015-09-30 57.94 7.77 15.33
2015-06-30 57.46 7.87 15.45
2015-03-31 56.97 7.97 15.57
2014-12-31 56.27 8.05 15.41
2014-09-30 55.58 8.13 15.24
2014-06-30 60.10 10.19 15.61
2014-03-31 64.63 12.25 15.97
2013-12-31 71.36 12.83 16.32
2013-09-30 78.08 13.42 16.66
2013-06-30 78.19 11.70 16.56

*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.
  • Grenobloise d'Electronique et d'Automatismes Société Anonyme has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Grenobloise d'Electronique et d'Automatismes Société Anonyme used its assets less efficiently than the GB Electronic industry average last year based on Return on Assets.
  • Grenobloise d'Electronique et d'Automatismes Société Anonyme's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Grenobloise d'Electronique et d'Automatismes Société Anonyme'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 Electronic 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.
Grenobloise d'Electronique et d'Automatismes Société Anonyme has a total score of 0/6, see the detailed checks below.

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

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

Health

 How is Grenobloise d'Electronique et d'Automatismes Société Anonyme'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 Grenobloise d'Electronique et d'Automatismes Société Anonyme's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Grenobloise d'Electronique et d'Automatismes Société Anonyme is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Grenobloise d'Electronique et d'Automatismes Société Anonyme's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Grenobloise d'Electronique et d'Automatismes Société Anonyme's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 27808.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Grenobloise d'Electronique et d'Automatismes Société Anonyme Company Filings, last reported 6 months ago.

BATS-CHIXE:GEAP Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 81.55 0.00 67.33
2019-06-30 81.55 0.00 67.33
2019-03-31 79.67 0.01 72.52
2018-12-31 79.67 0.01 72.52
2018-09-30 79.76 0.00 75.00
2018-06-30 79.76 0.00 75.00
2018-03-31 77.00 0.01 81.26
2017-12-31 77.00 0.01 81.26
2017-09-30 76.24 0.01 74.04
2017-06-30 76.24 0.01 74.04
2017-03-31 72.96 0.00 73.54
2016-12-31 72.96 0.00 73.54
2016-09-30 72.55 0.01 68.28
2016-06-30 72.55 0.01 68.28
2016-03-31 68.51 0.00 65.53
2015-12-31 68.51 0.00 65.53
2015-09-30 68.16 0.04 68.53
2015-06-30 68.16 0.04 68.53
2015-03-31 64.45 0.04 67.19
2014-12-31 64.45 0.04 67.19
2014-09-30 62.90 0.00 56.54
2014-06-30 62.90 0.00 56.54
2014-03-31 58.98 0.01 59.39
2013-12-31 58.98 0.01 59.39
2013-09-30 58.77 0.01 59.69
2013-06-30 58.77 0.01 59.69
  • Grenobloise d'Electronique et d'Automatismes Société Anonyme's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (0% vs 0% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Grenobloise d'Electronique et d'Automatismes Société Anonyme earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Grenobloise d'Electronique et d'Automatismes Société Anonyme'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. Grenobloise d'Electronique et d'Automatismes Société Anonyme 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 Grenobloise d'Electronique et d'Automatismes Société Anonyme'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
2.36%
Current annual income from Grenobloise d'Electronique et d'Automatismes Société Anonyme dividends.
If you bought €2,000 of Grenobloise d'Electronique et d'Automatismes Société Anonyme shares you are expected to receive €47 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?
  • Grenobloise d'Electronique et d'Automatismes Société Anonyme's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.59%).
  • Grenobloise d'Electronique et d'Automatismes Société Anonyme's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (7.08%).
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:GEAP 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 Electronic Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 1.8%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 588 Stocks 5.6%
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 2.6%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.1%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:GEAP Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-02-03 2.100 2.177
2019-01-31 2.100 2.145
2018-01-31 2.100 2.199
2017-01-31 2.100 2.372
2015-11-30 2.100 2.593
2015-02-02 2.100 2.753
2014-01-31 3.350 4.187
2014-01-23 3.350 3.823
2013-01-31 2.400 3.016
2013-01-23 2.400 3.225
2012-01-30 2.200 3.316
2012-01-19 2.200 3.475
2011-01-28 2.000 3.136
2011-01-19 2.000 3.405
2010-01-21 1.600 3.790
2009-11-30 1.600 4.731

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 increased over the past 10 years.
Current Payout to shareholders
What portion of Grenobloise d'Electronique et d'Automatismes Société Anonyme's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x 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 Grenobloise d'Electronique et d'Automatismes Société Anonyme'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 Grenobloise d'Electronique et d'Automatismes Société Anonyme afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Grenobloise d'Electronique et d'Automatismes Société Anonyme 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.

Management

 What is the CEO of Grenobloise d'Electronique et d'Automatismes Société Anonyme'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
Grigori Zaslavoglou
COMPENSATION €169,676
CEO Bio

Mr. Grigori Zaslavoglou serves as Managing Director, Company Secretary and Member of the Managing Board at Grenobloise d'Electronique et d'Automatismes SA and served as its General Manager at and served as its Managing Director. Mr. Zaslavoglou is a Partner of Sci Kaliste, SCI Epsilon and SCI Santa Cruz.

CEO Compensation
  • Grigori's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Grigori's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Grigori Zaslavoglou

TITLE
MD, Company Secretary & Member of the Management Board
COMPENSATION
€170K

Serge-Alexis Zaslavoglou

TITLE
Chairman of the Management Board and Research & Development Manager
COMPENSATION
€289K

François-Xavier Ott

TITLE
Strategy
Board of Directors

Serge Zaslavoglou

TITLE
President of the Supervisory Board
COMPENSATION
€208K

Jeannine Zaslavoglou

TITLE
Vice-Chairwoman of the Supervisory Board
COMPENSATION
€6K

Louis-Michel Angue

TITLE
Member of the Supervisory Board
COMPENSATION
€6K

Pierre Guillerand

TITLE
Member of the Supervisory Board
COMPENSATION
€6K

Marie-Paule Roc

TITLE
Member of the Supervisory Board
COMPENSATION
€3K
TENURE
3.1 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 Grenobloise d'Electronique et d'Automatismes Société Anonyme'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. Grenobloise d'Electronique et d'Automatismes Société Anonyme 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

Company Info

Description

Grenobloise d'Electronique et d'Automatismes Société Anonyme designs, develops, manufactures, integrates, installs, and maintains electronic and computerized toll collection systems. Its products include automatic ticket issuing machines, manual toll terminals, automatic payment machines, plaza computer systems and central systems, non-stop toll collection systems, and manual or automatic entry and exit lanes. The company also designs car park revenue control systems that include entry lane terminals, restricted entry lane terminals, exit lane terminals, pedestrian access control terminals, automatic payment machines, manual payment machines, car park management supervision servers, and central computer systems. In addition, it offers electronic toll collection equipment comprising road side beacons for mono or multilane applications; on-board units; and desktop reader encoders. It serves various motorway companies in Europe, Asia, the Middle East, North Africa, Central America, South America, and the Caribbean Islands. The company was founded in 1971 and is based in Meylan, France.

Details
Name: Grenobloise d'Electronique et d'Automatismes Société Anonyme
GEAP
Exchange: BATS-CHIXE
Founded: 1971
€103,578,823
1,163,807
Website: http://www.gea.fr
Address: Grenobloise d'Electronique et d'Automatismes Société Anonyme
Inovallée 12 Chemin de Malacher,
Cedex,
Meylan,
Rhône-Alpes, 38243,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA GEA Common Stock Euronext Paris FR EUR 24. Jun 1994
LSE 0EJQ Common Stock London Stock Exchange GB EUR 24. Jun 1994
BATS-CHIXE GEAP Common Stock BATS 'Chi-X Europe' GB EUR 24. Jun 1994
Number of employees
Current staff
Staff numbers
181
Grenobloise d'Electronique et d'Automatismes Société Anonyme employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 19:41
End of day share price update: 2020/03/10 00:00
Last earnings filing: 2020/02/01
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/09/30


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.