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Coface SA
(COFA)
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Rating:71Outperform
Price Target:
€17.00
▲(6.18% Upside)
Action:Reiterated
Date:09/19/26
Overall score reflects solid financial health but moderating profitability and cash-flow momentum, offset by constructive technical trend (price above key moving averages with neutral momentum) and supportive valuation (moderate P/E and high dividend yield).
Positive Factors
Healthy Profitability
Coface continues to generate solid profitability for a specialty insurer, with double-digit net and EBIT margins. This provides an earnings base to support investment in risk-management capabilities, absorb normal claims volatility, and sustain operations over the medium term.
Negative Factors
Margin Compression
The substantial decline in net and EBIT margins from 2024 levels signals weaker profitability efficiency, even though current margins remain positive. If this pressure persists, it could reduce earnings resilience and limit the benefit of otherwise stable premium and service revenue.
Read all positive and negative factors
Positive Factors
Negative Factors
Healthy Profitability
Coface continues to generate solid profitability for a specialty insurer, with double-digit net and EBIT margins. This provides an earnings base to support investment in risk-management capabilities, absorb normal claims volatility, and sustain operations over the medium term.
Read all positive factors
Coface SA (COFA) vs. iShares MSCI France ETF (EWQ)
Market Cap
€2.32B
Dividend Yield8.02%
Average Volume (3M)206.78K
Price to Earnings (P/E)11.4
Beta (1Y)0.65
Revenue Growth0.01%
EPS Growth-15.41%
CountryFR
Employees5,351
SectorGeneral
Sector StrengthN/A
IndustryInsurance - Specialty
Share Statistics
EPS (TTM)1.37
Shares Outstanding150,179,800
10 Day Avg. Volume209,178
30 Day Avg. Volume206,781
Financial Highlights & Ratios
PEG Ratio-0.71
Price to Book (P/B)1.06
Price to Sales (P/S)1.23
P/FCF Ratio14.58
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€21.00Price Target Upside31.17% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)1.54
Revenue Forecast (FY)€1.63B
Coface SA Business Overview & Revenue Model
Company Description
COFACE SA, through its subsidiaries, provides trade credit insurance products and services for small and medium enterprises, mid-market companies, international corporations, international companies, financial institutions, and clients of distribu...
How the Company Makes Money
Coface makes money primarily by underwriting and servicing trade credit insurance policies: customers (companies selling goods and services on credit) pay premiums in exchange for coverage against buyer default/non-payment, and Coface earns underw...
Coface SA Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
63
Positive
Cash Flow
57
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.86B | 1.90B | 1.65B | 1.60B | 1.57B | 1.28B |
| Gross Profit | 978.52M | 1.90B | 1.45B | 1.40B | 1.40B | 1.01B |
| EBITDA | 355.25M | 366.34M | 446.74M | 403.60M | 397.96M | 343.02M |
| Net Income | 205.66M | 222.00M | 261.07M | 240.50M | 240.44M | 223.82M |
Balance Sheet | ||||||
| Total Assets | 8.47B | 8.09B | 8.08B | 7.90B | 7.59B | 7.27B |
| Cash, Cash Equivalents and Short-Term Investments | 3.15B | 3.21B | 3.22B | 2.86B | 3.46B | 3.48B |
| Total Debt | 2.06B | 2.34B | 2.39B | 2.56B | 2.40B | 1.97B |
| Total Liabilities | 6.30B | 5.87B | 5.89B | 5.85B | 5.57B | 5.04B |
| Stockholders Equity | 2.17B | 2.21B | 2.19B | 2.05B | 2.02B | 2.23B |
Cash Flow | ||||||
| Free Cash Flow | 132.56M | 160.45M | 326.65M | 268.82M | 416.95M | 309.79M |
| Operating Cash Flow | 172.38M | 196.06M | 353.36M | 294.27M | 449.19M | 326.96M |
| Investing Cash Flow | 27.59M | 29.45M | 134.17M | -327.82M | -124.40M | -207.94M |
| Financing Cash Flow | -205.39M | -220.11M | -490.78M | 13.93M | -142.69M | -134.36M |
Coface SA Technical Analysis
Negative
16.01
Price Trends
16.08
Negative
15.72
Negative
15.07
Positive
Market Momentum
-0.16
Positive
40.65
Neutral
9.74
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:COFA, the sentiment is Negative. The current price of 16.01 is below the 20-day moving average (MA) of 16.19, below the 50-day MA of 16.08, and above the 200-day MA of 15.07, indicating a neutral trend. The MACD of -0.16 indicates Positive momentum. The RSI at 40.65 is Neutral, neither overbought nor oversold. The STOCH value of 9.74 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:COFA.
Coface SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | €85.48B | 8.44 | 24.07% | 5.59% | 10.86% | 36.10% | |
74 Outperform | €5.71B | 6.94 | 18.58% | 5.95% | -5.62% | 52.30% | |
73 Outperform | €12.02B | 23.76 | 29.90% | 3.40% | 1.88% | -22.65% | |
71 Outperform | €2.32B | 11.37 | 9.36% | 8.02% | 0.01% | -15.41% | |
70 Outperform | €99.36B | 7.78 | 11.06% | 6.45% | 7.57% | 22.65% | |
58 Neutral | €728.97M | 9.81 | 2.86% | 2.82% | -4.60% | 22.52% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
FR:COFA
Coface SA
15.58
0.89
6.09%
FR:CS
AXA SA
41.52
4.24
11.39%
FR:BNP
BNP Paribas
89.95
19.05
26.86%
FR:BVI
Bureau Veritas
27.09
0.87
3.33%
FR:CAF
CRCAM dlle-de France
91.71
-17.57
-16.08%
FR:SCR
SCOR
31.92
2.53
8.62%
Coface SA Corporate Events
Coface Updates Share Capital and Voting Rights Structure as of 30 September 2026
Oct 1, 2026
Coface SA has confirmed that as at 30 September 2026 its share capital is composed of 150,179,792 shares, matching the number of theoretical voting rights and resulting in 149,512,977 exercisable voting rights once treasury shares are excluded. Al...
Coface Updates Share Capital and Voting Rights as of 31 August 2026
Sep 1, 2026
Coface SA reported that, as of 31 August 2026, its share capital comprises 150,179,792 shares, corresponding to an equal number of theoretical voting rights and 149,469,642 exercisable voting rights after deducting treasury shares. The company als...
Coface Discloses Updated Share Capital and Voting Rights Structure
Aug 3, 2026
Coface SA, a French joint-stock corporation listed on Euronext Paris, operates with a fully subscribed share capital of €300.36 million split into 150,179,792 ordinary shares. The company maintains its regulated information for investors on ...
Coface Unveils Flexible 2026-2027 Share Buyback Programme
Jul 30, 2026
Coface SA has launched a new 2026-2027 share buyback programme, authorised by the shareholders’ meeting of 19 May 2026 and implemented by the board on 30 July 2026, replacing the prior 2025-2026 plan. The programme allows the company to repu...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.