Want to see FR:COFA full AI Analyst Report?
Top Page
Coface SA
(COFA)
Select Model
Select Model
Rating:72Outperform
Price Target:
€18.00
▲(11.80% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by solid (but moderating) financial performance, with profitability and balance-sheet resilience offset by weakening margins, ROE, and cash conversion. Technicals add support with price above major moving averages and positive MACD. Valuation is a key positive, helped by a moderate P/E and a high dividend yield.
Positive Factors
Diversified revenue mix
Coface earns premiums from credit insurance and meaningful fee income from business information and collections, plus investment returns. This diversified mix reduces reliance on underwriting cycles, supporting more stable revenue and earnings across economic swings over months.
Negative Factors
Margin compression and lower ROE
Profitability remains positive but has materially softened versus prior years, and ROE has declined. Sustained margin pressure and falling returns on equity imply weaker capital efficiency and reduced ability to convert underwriting scale into shareholder returns over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified revenue mix
Coface earns premiums from credit insurance and meaningful fee income from business information and collections, plus investment returns. This diversified mix reduces reliance on underwriting cycles, supporting more stable revenue and earnings across economic swings over months.
Read all positive factors
Coface SA (COFA) vs. iShares MSCI France ETF (EWQ)
Market Cap
€2.35B
Dividend Yield7.91%
Average Volume (3M)169.90K
Price to Earnings (P/E)11.5
Beta (1Y)0.66
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. Volume179,066
30 Day Avg. Volume169,903
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 Upside30.43% 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 primarily makes money by underwriting trade credit insurance policies and collecting premiums from corporate customers. Under these contracts, Coface assesses buyers’ creditworthiness, sets credit limits, monitors risk, and compensates the ...
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 | 1.25B | 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
Positive
16.10
Price Trends
15.44
Positive
14.99
Positive
14.57
Positive
Market Momentum
0.17
Positive
61.66
Neutral
82.87
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:COFA, the sentiment is Positive. The current price of 16.1 is above the 20-day moving average (MA) of 16.00, above the 50-day MA of 15.44, and above the 200-day MA of 14.57, indicating a bullish trend. The MACD of 0.17 indicates Positive momentum. The RSI at 61.66 is Neutral, neither overbought nor oversold. The STOCH value of 82.87 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | €92.51B | 9.13 | 22.25% | 5.18% | 10.86% | 36.10% | |
74 Outperform | €6.14B | 7.46 | 20.03% | 5.61% | -5.62% | 52.30% | |
73 Outperform | €12.27B | 24.26 | 37.30% | 3.41% | 1.88% | -22.65% | |
72 Outperform | €2.35B | 11.53 | 9.80% | 7.76% | 0.01% | -15.41% | |
70 Outperform | €121.14B | 9.16 | 11.06% | 4.87% | 1.42% | 27.31% | |
58 Neutral | €944.29M | 12.71 | 2.70% | 2.14% | -34.99% | 22.54% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
FR:COFA
Coface SA
16.13
1.30
8.80%
FR:CS
AXA SA
45.05
6.00
15.36%
FR:BNP
BNP Paribas
112.60
36.06
47.11%
FR:BVI
Bureau Veritas
28.44
2.69
10.43%
FR:CAF
CRCAM dlle-de France
118.06
32.72
38.35%
FR:SCR
SCOR
34.30
7.83
29.57%
Coface SA Corporate Events
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.