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.

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.

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 revenue54674.6 
Gross Earned Premiums53863.1 
Net Earned Premiums52822.8 
NEP/GEP573.1%0.2ppt
Net underwriting income5964.7 
Net Investment Income5182.1 
Insurance finance expenses (IFE)5(11)0.7 
Current operating income51034.9 
Other operating income and expenses5(0)0.3 
Operating Income51034.9 
Finance costs5(11)2.0 
Income Tax5(24)1.8 
Tax rate525.8%2.3ppt
Net income5684.0 
Net Loss Ratio (%)538.0%1.3ppts
Net Cost Ratio (%)527.7%1.6ppts
Net Combined Ratio (%)565.7%1.4ppts
ROATE (%)214.3%0.4ppt
     
Solvency Ratio (%)2194%4.2pts
Tangible Equity21 869  
Average Tangible Equity21 834  

 

in M€# of replyMeanStandard deviation
Total revenue51 87933.4 
Gross Earned Premiums51 54530.3 
Net Earned Premiums51 12822.0 
NEP/GEP573.0%0.0ppt
Net underwriting income535317.4 
Net Investment Income5709.3 
Insurance finance expenses (IFE)5-442.3 
Current operating income537919.5 
Other operating & Restructuring charges5(2)2.1 
Operating Income537719.7 
Finance costs5(40)6.7 
Income Tax5(92)5.7 
Tax rate527%0.5ppts
Net income524612.0 
Net Loss Ratio (%)540.4%2.5ppt
Net Cost Ratio (%)527.8%0.9ppt
Net Combined Ratio (%)568.1%2.3ppt
ROATE (%)513.3%0.7ppt
Solvency II ratio (PIM)4196%6.2ppts
EPS51.64 €0.07 
DPS51.36 €0.07 
Additional distribution per share50.00 €0.00 
Payout ratio582.5%3.4ppts
     
Tangible Equity 1 86324 
Average Tangible Equity 1 84434 
in M€# of replyMeanStandard deviation
Total revenue51 92786.6 
Gross Earned Premiums51 58474.1 
Net Earned Premiums51 15453.6 
NEP/GEP572.9%0.3ppts
Net underwriting income533625.6 
Net Investment Income5809.4 
Insurance finance expenses (IFE)5(45)4.5 
Current operating income537131.4 
Other operating & Restructuring charges5(2)2.3 
Operating Income536931.8 
Finance costs5(39)6.9 
Income Tax5(89)8.9 
Tax rate527%0.2ppt
Net income524122.8 
Net Loss Ratio (%)543.2%2.5ppt
Net Cost Ratio (%)527.4%0.8ppt
Net Combined Ratio (%)570.6%2.3ppts
ROATE (%)512.7%1.1ppt
Solvency II ratio (PIM)4196%10.8 
EPS51.61 €0.15 
DPS51.36 €0.11 
Additional distribution per share50.00 €0.00 
Payout ratio584.7%3.2ppts
     
Tangible Equity 1 89528 
Average Tangible Equity 1 88122 
in M€# of replyMeanStandard deviation
Total revenue51 985138.9 
Gross Earned Premiums51 619112.6 
Net Earned Premiums51 18282.1 
NEP/GEP573.0%0.1ppts
Net underwriting income533329.7 
Net Investment Income5837.9 
Insurance finance expenses (IFE)5(45)5.1 
Current operating income537134.0 
Other operating & Restructuring charges5(2)2.3 
Operating Income536834.3 
Finance costs5(37)3.7 
Income Tax5(88)10.2 
Tax rate526%0.9ppt
Net income524326.1 
Net Loss Ratio (%)544.3%2.4ppt
Net Cost Ratio (%)527.4%1.2ppt
Net Combined Ratio (%)571.7%2.4ppts
ROATE (%)313.1%0.7ppt
Solvency II ratio (PIM)3200%9.5 
EPS51.63 €0.17 
DPS51.38 €0.13 
Additional distribution per share50.00 €0.00 
Payout ratio584.9%3.3ppts
     
Tangible Equity 1 94448 
Average Tangible Equity 1 92834 

Disclaimer

This analyst consensus has been prepared with the most recent estimates submitted by various financial analysts to COFACE SA as at 22 July 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
Exane BNP ParibasPhilip Ross
Kepler CheuvreuxBaptiste de Leudeville
Oddo BHFBenoƮt Valleaux