Resultaträkning Coface SA

Aktier

COFA

FR0010667147

Fastighets- och olycksfallsförsäkring

Marknaden stängd - Euronext Paris Andra börsplatser 17:36:05 23.01.2025			5-dagars förändring	Förändring 1 jan.
15,39 ^EUR	+0,26 %		+0,79 %	+7,02 %

05.12.	Coface faller efter att Deutsche Bank intagit en mer försiktig hållning	RE
05.11.	COFACE SA, Nine Months 2024 Earnings Call, Nov 05, 2024

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Publicerade finansiella data: COFACE SA

Årlig

Kvartalsvis

Halvårsvis

YTD

LTM

Skatteperiod: December	2019	2020	2021	2022	2023
Premiums and Annuity Revenues	1,24 md	1,2 md	1,31 md	1,53 md	1,56 md
Total Interest And Dividend Income	44,08 mn	35,58 mn	25,41 mn	50,49 mn	−7,03 mn
Gain (Loss) on Sale of Investments, Total (Rev)	−6,43 mn	−2,57 mn	2,62 mn	19,25 mn	18,17 mn
Non-Insurance Activities Revenues	64,11 mn	58,45 mn	64,4 mn	70,41 mn	72,69 mn
Other Revenues, Total	181 mn	188 mn	191 mn	214 mn	236 mn
Total Revenues	1,52 md	1,48 md	1,6 md	1,88 md	1,88 md
Policy Benefits	536 mn	624 mn	280 mn	477 mn	558 mn
Policy Acquisition / Underwriting Costs, Total	243 mn	238 mn	259 mn	305 mn	197 mn
Selling General & Admin Expenses, Total	275 mn	262 mn	271 mn	314 mn	613 mn
Provision For Loan Losses - (Ins. / REIT / Utility Templates)	-	-	-	-	-
Other Operating Expenses	146 mn	143 mn	156 mn	173 mn	-
Non-Insurance Activities Expenses	15,55 mn	12,93 mn	13,03 mn	14,02 mn	534 tn
Reinsurance Income Or Expense	−77,96 mn	−44,12 mn	−314 mn	−147 mn	−104 mn
Total Operating Expenses	1,29 md	1,32 md	1,29 md	1,43 md	1,47 md
Operating Income	226 mn	160 mn	302 mn	452 mn	407 mn
Interest Expense, Total	−21,38 mn	−21,74 mn	−21,48 mn	−29,6 mn	−34,27 mn
Income (Loss) on Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	−710 tn	−6,11 mn	14,15 mn	−29,64 mn	−38,67 mn
Other Non Operating Income (Expenses)	-	-	−1 tn	−1 tn	−2 tn
EBT, Excl. Unusual Items	203 mn	132 mn	295 mn	393 mn	334 mn
Restructuring Charges	−6,61 mn	−5,82 mn	−2,74 mn	−2,21 mn	−1,63 mn
Impairment of Goodwill	-	−845 tn	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	-
Gain (Loss) on Sale of Assets	2,31 mn	-	-	-	-
Other Unusual Items	2,96 mn	1,79 mn	−441 tn	−6,9 mn	−3,32 mn
EBT, Incl. Unusual Items	202 mn	128 mn	291 mn	384 mn	329 mn
Income Tax Expense	55,43 mn	44,7 mn	67,51 mn	101 mn	88,03 mn
Earnings From Continuing Operations	147 mn	82,9 mn	224 mn	283 mn	241 mn
Net Income to Company	147 mn	82,9 mn	224 mn	283 mn	241 mn
Minority Interest	10 tn	−4 tn	−57 tn	−244 tn	−120 tn
Net Income - (IS)	147 mn	82,9 mn	224 mn	283 mn	240 mn
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	147 mn	82,9 mn	224 mn	283 mn	240 mn
Net Income to Common Excl. Extra Items	147 mn	82,9 mn	224 mn	283 mn	240 mn
Per aktie poster
Net EPS - Basic	0,97	0,55	1,5	1,9	1,61
Basic EPS - Continuing Operations	0,97	0,55	1,5	1,9	1,61
Basic Weighted Average Shares Outstanding	151 mn	150 mn	149 mn	149 mn	149 mn
Net EPS - Diluted	0,97	0,55	1,5	1,9	1,61
Diluted EPS - Continuing Operations	0,97	0,55	1,5	1,9	1,61
Diluted Weighted Average Shares Outstanding	151 mn	150 mn	149 mn	149 mn	149 mn
Normalized Basic EPS	0,84	0,55	1,23	1,65	1,4
Normalized Diluted EPS	0,84	0,55	1,23	1,65	1,4
Dividend Per Share	-	0,55	1,5	1,52	1,3
Payout Ratio	81,39	-	36,63	79,13	94,37
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Kompletterande punkter
EBITDA	228 mn	164 mn	307 mn	458 mn	411 mn
EBITA	226 mn	160 mn	302 mn	452 mn	407 mn
EBIT	226 mn	160 mn	302 mn	452 mn	407 mn
Effective Tax Rate - (Ratio)	27,42	35,03	23,17	26,19	26,79
Total Current Taxes	76,18 mn	36,8 mn	76,9 mn	86,29 mn	83,17 mn
Total Deferred Taxes	−20,74 mn	7,9 mn	−9,39 mn	14,28 mn	4,86 mn
Normalized Net Income	127 mn	82,8 mn	184 mn	245 mn	208 mn
Non-Cash Pension Expense	2,89 mn	−363 tn	149 tn	−2,07 mn	1,58 mn
Kompletterande driftskostnadsposter
General and Administrative Expenses	275 mn	262 mn	271 mn	314 mn	350 mn
Stock-Based Comp., Other (Total)	642 tn	804 tn	-	976 tn	1,34 mn
Total Stock-Based Compensation	642 tn	804 tn	-	976 tn	1,34 mn

Skatteperiod: December	2019	2020	2021	2022	2023
TILLGÅNGAR
Investment In Debt Securities	2,36 md	2,37 md	2,52 md	2,51 md	2,25 md
Investment In Equity and Preferred Securities, Total	552 mn	529 mn	598 mn	390 mn	122 mn
Trading Asset Securities, Total	43 tn	67 tn	15 tn	26 tn	828 mn
Real Estate Owned	288 tn	288 tn	288 tn	288 tn	288 tn
Total investments	2,91 md	2,9 md	3,12 md	2,9 md	3,2 md
Cash And Equivalents	321 mn	401 mn	362 mn	554 mn	496 mn
Reinsurance Recoverable - (IS)	593 mn	778 mn	637 mn	733 mn	385 mn
Other Receivables - (Insurance Template)	3,1 md	3,04 md	3,48 md	3,78 md	3,35 md
Deferred Policy Acquisition Costs - (BS)	40,38 mn	35,49 mn	38,9 mn	46,43 mn	-
Gross Property Plant And Equipment	240 mn	244 mn	255 mn	268 mn	273 mn
Accumulated Depreciation	−120 mn	−135 mn	−153 mn	−177 mn	−191 mn
Net Property Plant And Equipment	120 mn	109 mn	102 mn	91,09 mn	81,82 mn
Goodwill	158 mn	156 mn	158 mn	158 mn	158 mn
Other Intangibles, Total	440 tn	405 tn	246 tn	397 tn	282 tn
Other Current Assets, Total	1,81 mn	7,24 mn	10,46 mn	10,33 mn	49,4 mn
Deferred Tax Assets Long-Term (Collected)	64,04 mn	49,25 mn	58,34 mn	88,76 mn	89,9 mn
Deferred Charges Long-Term	62,36 mn	74,14 mn	71,65 mn	80 mn	81,74 mn
Other Long-Term Assets, Total	3,54 mn	3,67 mn	3,75 mn	3,53 mn	3,67 mn
Total Assets	7,38 md	7,55 md	8,04 md	8,45 md	7,9 md
Skulder
Accounts Payable, Total	-	-	-	-	-
Accrued Expenses, Total	75,03 mn	57,74 mn	107 mn	103 mn	107 mn
Insurance And Annuity Liabilities	265 mn	261 mn	278 mn	337 mn	72,94 mn
Unpaid Claims	1,36 md	1,37 md	1,35 md	1,49 md	1,4 md
Unearned Premiums	281 mn	255 mn	287 mn	318 mn	-
Reinsurance Payable - (BS)	139 mn	329 mn	229 mn	231 mn	-
Current Portion of Long-Term Debt	11,21 mn	11,18 mn	11,34 mn	11,52 mn	240 mn
Current Portion of Leases	19,45 mn	-	-	-	-
Short-Term Borrowings	2,36 md	2,32 md	2,7 md	2,93 md	2,89 md
Long-Term Debt	378 mn	379 mn	379 mn	523 mn	592 mn
Long-Term Leases	73,54 mn	88,12 mn	81,93 mn	74,62 mn	67,62 mn
Current Income Taxes Payable	66,3 mn	70,62 mn	80,71 mn	61,68 mn	51,92 mn
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	889 tn	26 tn	3,48 mn	222 tn	27 tn
Unearned Revenue Non Current	9,34 mn	7,71 mn	7,55 mn	7,77 mn	13,64 mn
Pension & Other Post Retirement Benefits	66,45 mn	63,62 mn	61,47 mn	46,22 mn	47,82 mn
Deferred Tax Liability Non-Current	107 mn	111 mn	120 mn	105 mn	144 mn
Other Non Current Liabilities	241 mn	229 mn	200 mn	253 mn	220 mn
Total Liabilities	5,46 md	5,55 md	5,9 md	6,49 md	5,85 md
Common Stock, Total	304 mn	304 mn	300 mn	300 mn	300 mn
Additional Paid In Capital	810 mn	810 mn	810 mn	724 mn	724 mn
Retained Earnings	670 mn	755 mn	884 mn	1,04 md	1,16 md
Treasury Stock	−11,19 mn	−15,82 mn	−15,72 mn	−19,15 mn	−23,61 mn
Comprehensive Income and Other	151 mn	145 mn	162 mn	−88,77 mn	−113 mn
Total Common Equity	1,92 md	2 md	2,14 md	1,96 md	2,05 md
Minority Interest	269 tn	267 tn	309 tn	1,75 mn	2,17 mn
Total Equity	1,92 md	2 md	2,14 md	1,96 md	2,05 md
Total Liabilities And Equity	7,38 md	7,55 md	8,04 md	8,45 md	7,9 md
Kompletterande punkter
ECS Total Shares Outstanding on Filing Date	151 mn	149 mn	149 mn	149 mn	149 mn
ECS Total Common Shares Outstanding	151 mn	150 mn	149 mn	149 mn	149 mn
Book Value / Share	12,74	13,35	14,37	13,15	13,76
Tangible Book Value	1,77 md	1,84 md	1,98 md	1,8 md	1,89 md
Tangible Book Value Per Share	11,69	12,3	13,3	12,09	12,7
Total Debt	2,85 md	2,8 md	3,17 md	3,54 md	3,79 md
Net Debt	2,52 md	2,4 md	2,81 md	2,98 md	3,3 md
Debt Equivalent of Unfunded Proj. Benefit Obligation	66,45 mn	63,62 mn	61,47 mn	46,22 mn	47,81 mn
Minority Interest, Total (Incl. Fin. Div)	269 tn	267 tn	309 tn	1,75 mn	2,17 mn
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	7,14 mn	7,14 mn	7,14 mn	7,14 mn	7,14 mn
Buildings, Total	78,14 mn	78,14 mn	78,14 mn	75,84 mn	75,84 mn
Full Time Employees	3,25 tn	3,4 tn	3,67 tn	3,7 tn	4,1 tn

Skatteperiod: December	2019	2020	2021	2022	2023
Net Income	147 mn	82,9 mn	224 mn	283 mn	240 mn
Depreciation, Depletion & Amortization	20,68 mn	22,06 mn	22,79 mn	23,93 mn	22,8 mn
Amortization of Goodwill and Intangible Assets - (CF)	128 tn	105 tn	101 tn	99 tn	234 tn
Total Depreciation, Depletion & Amortization	20,8 mn	22,16 mn	22,89 mn	24,03 mn	23,04 mn
Amortization of Deferred Charges, Total	13,19 mn	12 mn	14,52 mn	16,82 mn	19,98 mn
(Gain) Loss on Sale of Investments - (CF)	8,7 mn	10,16 mn	1,37 mn	730 tn	21,68 mn
Total Asset Writedown	118 tn	110 tn	226 tn	−59 tn	13 tn
Restructuring Activities	−897 tn	492 tn	−1,34 mn	−2,47 mn	−2,61 mn
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Minority Interest in Earnings - (CF)	−10 tn	4 tn	57 tn	244 tn	120 tn
Change in Accounts Receivable	159 mn	112 mn	−457 mn	−283 mn	−5,61 mn
Change in Accounts Payable	-	-	-	-	-
Change In Income Taxes	-	-	-	-	-
Change in Other Net Operating Assets (Collected)	−187 mn	−19,16 mn	384 mn	237 mn	−67,15 mn
Other Operating Activities	86,56 mn	−26,68 mn	139 mn	172 mn	64,32 mn
Cash from Operations	248 mn	194 mn	327 mn	449 mn	294 mn
Capital Expenditure	−14,3 mn	−33,9 mn	−17,17 mn	−32,24 mn	−25,44 mn
Sale of Property, Plant, and Equipment	12,94 mn	8,46 mn	728 tn	3,01 mn	481 tn
Cash Acquisitions	−11,19 mn	−4,89 mn	7,28 mn	5,41 mn	4,06 mn
Divestitures	-	-	-	-	-
Purchase / Sale of Intangible Assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	−65,08 mn	−24 mn	−199 mn	−101 mn	−307 mn
Other Investing Activities, Total	-	-	-	1 tn	-
Cash from Investing	−77,62 mn	−54,33 mn	−208 mn	−124 mn	−328 mn
Long-Term Debt Issued, Total	-	-	-	297 mn	296 mn
Total Debt Issued	-	-	-	297 mn	296 mn
Long-Term Debt Repaid, Total	−10,9 mn	−13,63 mn	−16,76 mn	−180 mn	−18,68 mn
Total Debt Repaid	−10,9 mn	−13,63 mn	−16,76 mn	−180 mn	−18,68 mn
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	−4,12 mn	−4,63 mn	−14,89 mn	−3,43 mn	−4,46 mn
Common Dividends Paid	−119 mn	-	−81,98 mn	−224 mn	−227 mn
Common & Preferred Stock Dividends Paid	−119 mn	-	−81,98 mn	−224 mn	−227 mn
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	−20,86 mn	−21,19 mn	−20,74 mn	−32,49 mn	−32,02 mn
Cash from Financing	−155 mn	−39,45 mn	−134 mn	−143 mn	13,93 mn
Foreign Exchange Rate Adjustments	3,59 mn	−20,38 mn	−23,19 mn	9,25 mn	−38,6 mn
Miscellaneous Cash Flow Adjustments	-	-	3 tn	−1 tn	1 tn
Net Change in Cash	18,36 mn	80,19 mn	−38,53 mn	191 mn	−58,23 mn
Kompletterande objekt
Cash Interest Paid	20,85 mn	21,19 mn	20,73 mn	32,48 mn	32,01 mn
Cash Income Tax Paid (Refund)	39,39 mn	32,42 mn	87,08 mn	95,61 mn	98,85 mn
Net Debt Issued / Repaid	−10,9 mn	−13,63 mn	−16,76 mn	117 mn	277 mn
Levered Free Cash Flow	480 mn	161 mn	−60,09 mn	89,4 mn	−563 mn
Unlevered Free Cash Flow	493 mn	174 mn	−46,66 mn	108 mn	−542 mn
Change In Net Working Capital	−332 mn	−72,99 mn	256 mn	184 mn	815 mn

Skatteperiod: December	2019	2020	2021	2022	2023
Lönsamhet
Return on Assets	1,92	1,34	2,42	3,43	3,28
Return on Total Capital	2,94	2,1	3,73	5,23	4,46
Return On Equity %	7,86	4,23	10,82	13,81	11,81
Return on Common Equity	7,87	4,23	10,81	13,8	11,82
Marginalanalys
Gross Profit Margin %	47,69	41,03	65,36	57,72	59,81
SG&A Margin	18,09	17,64	16,98	16,71	32,63
EBITDA Margin %	15,02	11,07	19,23	24,32	21,89
EBITA Margin %	14,86	10,81	18,92	24,04	21,64
EBIT Margin %	14,85	10,81	18,92	24,04	21,63
Income From Continuing Operations Margin %	9,66	5,59	14,03	15,06	12,8
Net Income Margin %	9,66	5,59	14,02	15,05	12,8
Net Avail. For Common Margin %	9,66	5,59	14,02	15,05	12,8
Normalized Net Income Margin	8,37	5,58	11,53	13,04	11,09
Levered Free Cash Flow Margin	31,58	10,83	−3,76	4,75	−29,96
Unlevered Free Cash Flow Margin	32,46	11,74	−2,92	5,73	−28,82
Tillgångsomslutning
Asset Turnover	0,21	0,2	0,2	0,23	0,24
Fixed Assets Turnover	12,09	12,94	15,12	19,48	21,74
Receivables Turnover (Average Receivables)	3,47	3,55	3,85	3,99	-
Kortfristig likviditet
Current Ratio	0,87	0,89	0,88	0,92	1,06
Quick Ratio	0,74	0,72	0,75	0,78	0,97
Operating Cash Flow to Current Liabilities	0,06	0,04	0,07	0,08	0,06
Days Sales Outstanding (Average Receivables)	105,13	103,18	94,83	91,48	-
Average Days Payable Outstanding	752,43	745,05	1,21 tn	864,91	659,14
Långsiktig solvens
Total Debt/Equity	147,82	139,92	148,08	180,22	184,73
Total Debt / Total Capital	59,65	58,32	59,69	64,31	64,88
LT Debt/Equity	23,46	23,35	21,54	30,44	32,13
Long-Term Debt / Total Capital	9,47	9,73	8,68	10,86	11,29
Total Liabilities / Total Assets	73,93	73,54	73,36	76,78	74,01
EBIT / Interest Expense	10,55	7,38	14,06	15,28	11,86
EBITDA / Interest Expense	11,52	8,39	15,12	16,09	12,54
(EBITDA - Capex) / Interest Expense	10,85	6,84	14,32	15	11,79
Total Debt / EBITDA	11,55	15,32	9,76	7,42	8,83
Net Debt / EBITDA	10,25	13,13	8,65	6,26	7,67
Total Debt / (EBITDA - Capex)	12,26	18,82	10,31	7,96	9,38
Net Debt / (EBITDA - Capex)	10,88	16,12	9,13	6,72	8,16
Tillväxt jämfört med föregående år
Total Revenues, 1 Yr. Growth %	6,51	−2,3	7,99	18,01	2,51
Gross Profit, 1 Yr. Growth %	9,33	−15,94	73,06	4,27	−0,15
EBITDA, 1 Yr. Growth %