Analysts Consensus

COFACE SA collects analysts' estimates on the company financial performance and publishes the consensus prior to its quarterly results publication.
 
The consensus is the average of the different analysts' estimates who cover COFACE SA and it will be published two weeks before the publication of the quarterly results.

Consensus: estimates received as of October 21, 2024

COFACE SA collects analysts' estimates on the company financial performance and publishes the consensus prior to its quarterly results publication. The consensus is the average of the different analysts' estimates who cover COFACE SA and it will be published two weeks before the publication of the quarterly results.

Coface wishes to draw the attention of the reader to the level of the standard deviation on each of the indicators presented in the consensus below.

A high level of standard deviation reveals discrepancies in the hypotheses retained by each of the contributors to this consensus when calculating their estimates.

The reader is invited to focus on the disclaimer below.

in M€# of replyMeanStandard deviation
Total revenue64496.1 
Gross Earned Premiums63696.1 
Net Earned Premiums62694.7 
NEP/GEP672.7%0.4ppt
Net underwriting income6904.7 
Net Investment Income6192.1 
Insurance finance expenses (IFE)6(10)1.7 
Current operating income6993.8 
Other operating income and expenses6(0)0.5 
Operating Income6993.5 
Finance costs6(10)1.6 
Income Tax6(24)1.0 
Tax rate627.0%0.4ppt
Net income6652.1 
Net Loss Ratio (%)636.4%1.5ppts
Net Cost Ratio (%)629.6%0.9ppts
Net Combined Ratio (%)666.01.4ppts
ROATE (%)414.1%0.6ppt

 

Coface wishes to draw the attention of the reader to the level of the standard deviation on each of the indicators presented in the consensus below.

A high level of standard deviation reveals discrepancies in the hypotheses retained by each of the contributors to this consensus when calculating their estimates.

The reader is invited to focus on the disclaimer below.

in M€# of replyMeanStandard deviation
Total revenue

6

1,820

20.6

 
Gross Earned Premiums

6

1,490

17.3

 
Net Earned Premiums

6

1,084

11.2

 
NEP/GEP

6

72.7%

0.3

ppt
Net underwriting income

6

356

13.8

 
Net Investment Income

6

75

7.6

 
Insurance finance expenses (IFE)

6

-40

3.7

 
Current operating income

6

391

19.4

 
Other operating & Restructuring charges

6

(2)

2.3

 
Operating Income

6

388

20.2

 
Finance costs

6

(38)

4.6

 
Income Tax

6

(94)

4.9

 
Tax rate

6

27%

0.1

ppts
Net income

6

256

12.8

 
Net Loss Ratio (%)

6

37.6%

2.2

ppt
Net Cost Ratio (%)

6

29.1%

1.2

ppt
Net Combined Ratio (%)

6

66.7%

1.6

ppt
ROATE (%)

4

13.4%

0.8

ppt
Solvency II ratio (PIM)

4

193%

4.2

ppts
EPS

6

1.69 €

0.09

 
DPS

6

1.40 €

0.08

 
Additional distribution per share

6

0.00 €

0.00

 
Payout ratio

6

82.0%

3.6

ppts
     
Tangible Equity

6

1,884

61

 
Average Tangible Equity

6

1,871

70

 

Coface wishes to draw the attention of the reader to the level of the standard deviation on each of the indicators presented in the consensus below.

A high level of standard deviation reveals discrepancies in the hypotheses retained by each of the contributors to this consensus when calculating their estimates.

The reader is invited to focus on the disclaimer below.

in M€# of replyMeanStandard deviation
Total revenue

6

1 847

74,3

 
Gross Earned Premiums

6

1 505

68,5

 
Net Earned Premiums

6

1 096

47,8

 
NEP/GEP

6

72,8%

0,4

ppts
Net underwriting income

6

317

16,1

 
Net Investment Income

6

             85

6,5

 
Insurance finance expenses (IFE)

6

(40)

6,1

 
Current operating income

6

362

21,6

 
Other operating & Restructuring charges

6

(2)

2,7

 
Operating Income

6

359

21,7

 
Finance costs

6

(37)

4,0

 
Income Tax

6

(88)

8,1

 
Tax rate

6

27%

0,9

ppt
Net income

6

234

13,5

 
Net Loss Ratio (%)

6

41,5%

1,4

ppt
Net Cost Ratio (%)

6

29,0%

1,2

ppt
Net Combined Ratio (%)

6

70,5%

2,0

ppts
ROATE (%)

5

12,5%

1,0

ppt
Solvency II ratio (PIM)

4

197%

6,9

 
EPS

6

1,58 €

0,09

 
DPS

6

1,31 €

0,10

 
Additional distribution per share

6

0,00 €

0,00

 
Payout ratio

6

83,5%

3,6

ppts
     
Tangible Equity

 

1,884

20

 
Average Tangible Equity

 

1,876

20

 

Coface wishes to draw the attention of the reader to the level of the standard deviation on each of the indicators presented in the consensus below.

A high level of standard deviation reveals discrepancies in the hypotheses retained by each of the contributors to this consensus when calculating their estimates.

The reader is invited to focus on the disclaimer below.

in M€# of replyMeanStandard deviation
Total revenue

6

1,903

125.7

 
Gross Earned Premiums

6

1,539

112.3

 
Net Earned Premiums

6

1,121

79.8

 
NEP/GEP

6

72.8%

0.4

ppts
Net underwriting income

6

315

17.6

 
Net Investment Income

6

             89

11.8

 
Insurance finance expenses (IFE)

6

(40)

7.5

 
Current operating income

6

365

34.2

 
Other operating & Restructuring charges

6

(2)

2.7

 
Operating Income

6

362

35.0

 
Finance costs

6

(37)

4.0

 
Income Tax

6

(88)

11.0

 
Tax rate

6

27%

0.6

ppt
Net income

6

237

24.8

 
Net Loss Ratio (%)

6

42.4%

2.0

ppt
Net Cost Ratio (%)

6

28.8%

1.1

ppt
Net Combined Ratio (%)

6

71.2%

2.0

ppts
ROATE (%)

4

12.6%

0.8

ppt
Solvency II ratio (PIM)

4

195%

4.5

 
EPS

6

1.60 €

0.17

 
DPS

6

1.35 €

0.10

 
Additional distribution per share

6

0.00 €

0.00

 
Payout ratio

6

85.4%

4.6

ppts
 

 

 

 

 
Tangible Equity

 

1,936

28

 
Average Tangible Equity

 

1,933

29

 

Disclaimer

This analyst consensus has been prepared with the most recent estimates submitted by various financial analysts to COFACE SA as at 21 October 2024. It includes key indicators only and does not purport to be comprehensive. The Coface Group takes no responsibility for the use of these materials by any person.

The estimates and any related opinions, forecasts, projections, predictions or expectations, are the sole responsibility of the analysts concerned. Coface has not commented on nor verified any (individual) estimates and it does not express any opinion on nor endorses the estimates or their correctness and accuracy in any way. Coface accepts no liability in respect of the analyst consensus and undertakes no obligation to provide updates or revisions.

It should be noted that estimates are, by definition, forward looking and are therefore subject to risks and uncertainties which are subject to change at any time and which may materially affect eventual results.

The information contained in-here has not been subject to independent verification. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein.

This analyst consensus is provided for information purposes only. It should not be seen as a recommendation to buy or sell financial instruments in COFACE SA, or to take or refrain from taking any other action. None of the Coface Group, its affiliates or its advisors, nor any representatives of such persons, shall have any liability whatsoever for any loss arising from any use of this document or its contents or otherwise arising in connection with this information.

More comprehensive information about the Coface Group may be obtained on its Internet website. The Group’s financial and strategic information, as well as the integral regulatory information can be found at the following address: http://www.coface.com/Investors.

Analysts covering Coface

Coface Group has been listed on Paris Stock Market since June 2014. The stock COFA is covered by analysts who regularly publish research notes on the Group. You will find below the list of main financial analysts who cover COFA shares. This list is provided for information purposes only and might be non-exhaustive nor up to date.

Analysts covering Coface
Financial Institution Analyst
BerenbergMichael Huttner
Deutsche BankAmalie Zdravkovic
CM-CICPierre Chedeville
Kepler CheuvreuxBaptiste de Leudeville
Oddo BHFBenoƮt Valleaux