Compagnie de Saint-Gobain SA (FR:SGO)
:SGO
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Compagnie de Saint Gobain
(SGO)
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Rating:66Neutral
Price Target:
€82.00
▼(-9.13% Downside)
Action:ReiteratedDate:03/06/26
The score is anchored by solid financial performance (improved margins and steady cash generation) and supportive earnings-call guidance on margins, cash conversion, and capital returns. These strengths are tempered by weak technicals (downtrend with negative momentum despite oversold signals) and moderate financial-risk watch items (higher 2025 debt and only moderate cash-to-debt coverage). Valuation is reasonable and helps offset some near-term operating headwinds.
Positive Factors
Improved margins
Sustained EBIT and EBITDA margins near the mid-teens indicate structural operational leverage and pricing power across portfolio segments. Margin expansion versus 2020 suggests the company can protect profitability through price/cost management and operational actions, supporting durable cash generation and reinvestment capacity.
Negative Factors
Inconsistent top‑line growth
Reliance on a single-year revenue surge rather than steady multi-year compound growth raises execution and cyclicality risk. Without consistent organic momentum, earnings and cashflow upside are more sensitive to cyclical construction demand, regional swings and successful M&A integration over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved margins
Sustained EBIT and EBITDA margins near the mid-teens indicate structural operational leverage and pricing power across portfolio segments. Margin expansion versus 2020 suggests the company can protect profitability through price/cost management and operational actions, supporting durable cash generation and reinvestment capacity.
Read all positive factors
Compagnie de Saint Gobain (SGO) vs. iShares MSCI France ETF (EWQ)
Market Cap
€33.84B
Dividend YieldN/A
Average Volume (3M)1.01M
Price to Earnings (P/E)14.9
Beta (1Y)1.54
Revenue GrowthN/A
EPS GrowthN/A
CountryFR
Employees161,482
SectorIndustrials
Sector Strength72
IndustryConstruction
Share Statistics
EPS (TTM)3.07
Shares Outstanding494,825,320
10 Day Avg. Volume1,000,607
30 Day Avg. Volume1,010,284
Financial Highlights & Ratios
PEG Ratio6.06
Price to Book (P/B)1.75
Price to Sales (P/S)0.92
P/FCF Ratio12.41
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€103.38Price Target Upside14.56% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)6.45
Revenue Forecast (FY)€47.07B
Compagnie de Saint Gobain Business Overview & Revenue Model
Company Description
Compagnie de Saint-Gobain S.A. designs, manufactures, and distributes materials and solutions for wellbeing worldwide. It operates through five segments: High Performance Solutions; Northern Europe; Southern Europe - Middle East (ME) & Africa; Ame...
How the Company Makes Money
Saint-Gobain primarily makes money by selling building materials and construction solutions to professional customers (construction companies, contractors, installers), distributors, and industrial clients, with revenue recognized largely from pro...
Compagnie de Saint Gobain Earnings Call Summary
Earnings Call Date:Feb 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jul 29, 2026
Earnings Call Sentiment Positive
The call presented a majority of positive operational and financial outcomes: sales and earnings growth, strong free cash flow (58% conversion), disciplined capital allocation, successful integrations (Construction Chemicals) and solid regional outperformance in Asia and Latin America. These positives were tempered by significant near‑term headwinds — FX, weather‑related volume losses (notably North American roofing and French flooding), elevated non‑operating costs in H2 and some regional softness (Germany, parts of Northern Europe, and modest weakness in China). Management expects H1 2026 to be weaker with normalization and recovery in H2, and reiterated strategic growth initiatives and portfolio rotation that support medium‑term confidence.Positive Updates
Group revenue and profit growth
Sales +2.1% in local currencies (like‑for‑like virtually stable). Operating income +3.8% in local currencies and EBITDA +3.4% in local currencies with EBITDA margin stable at 15.5%.
Negative Updates
Currency headwinds
FX was a headwind of -2.3% on sales for the year (worsening to about -3% in H2) and management expects ~-3% sales impact in Q1 2026 at current rates. FX impact on operating income was larger (close to -4%).
Read all updates
Q4-2025 Updates
Positive
Negative
Group revenue and profit growth
Sales +2.1% in local currencies (like‑for‑like virtually stable). Operating income +3.8% in local currencies and EBITDA +3.4% in local currencies with EBITDA margin stable at 15.5%.
Read all positive updates
Company Guidance
Saint‑Gobain guided to an EBITDA margin above 15% in 2026 (roughly >11% EBIT equivalent) while warning H1 will be weaker because of extreme weather (Q1 volumes expected to be down low‑to‑mid single digits, roughly −3% to −5%) and FX headwinds of about −3% on Q1 sales (H1 FX ≈ −2% at current spots); management expects to preserve a positive price/cost spread, keep CapEx around 4.5% of sales, sustain free‑cash‑flow conversion above 50% (2025 FCF €3.8bn, conversion 58%), maintain net debt/EBITDA near 1.4x, keep non‑operating costs around ~€250m p.a., a recurring tax rate ~24%, and active portfolio rotation (rotated €1.2bn of sales in 2025 and targeting >20% of sales by 2030) while growing construction chemicals from a €6.5bn platform (76 countries) toward >€9bn by 2030 and continuing shareholder returns (proposed dividend €2.30/share; €1.5bn returned in 2025; planned €2bn buybacks + ~€6bn dividends for 2026–2030).Compagnie de Saint Gobain Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
66
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 46.48B | 46.57B | 47.94B | 51.20B | 44.16B |
| Gross Profit | 12.65B | 12.88B | 12.65B | 13.07B | 11.67B |
| EBITDA | 7.38B | 7.49B | 7.05B | 6.74B | 5.86B |
| Net Income | 2.88B | 2.84B | 2.67B | 3.00B | 2.52B |
Balance Sheet | |||||
| Total Assets | 60.84B | 61.72B | 57.30B | 55.38B | 51.58B |
| Cash, Cash Equivalents and Short-Term Investments | 7.73B | 8.46B | 8.60B | 6.13B | 6.94B |
| Total Debt | 20.58B | 17.84B | 15.55B | 14.37B | 14.13B |
| Total Liabilities | 35.73B | 36.07B | 33.54B | 32.22B | 30.46B |
| Stockholders Equity | 24.54B | 25.14B | 23.27B | 22.71B | 20.71B |
Cash Flow | |||||
| Free Cash Flow | 3.46B | 3.49B | 4.06B | 3.82B | 3.00B |
| Operating Cash Flow | 5.64B | 5.57B | 6.04B | 5.71B | 4.44B |
| Investing Cash Flow | -3.72B | -5.27B | -3.23B | -4.79B | -2.18B |
| Financing Cash Flow | -2.70B | -402.00M | -209.00M | -1.90B | -3.81B |
Compagnie de Saint Gobain Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
Performance Comparison
Compagnie de Saint Gobain Corporate Events
Saint-Gobain Updates Share Capital and Voting Rights for February 2026
Mar 5, 2026
Compagnie de Saint-Gobain reported that as of 28 February 2026 its share capital consisted of 494,825,319 shares. The group also disclosed a theoretical total of 545,664,149 voting rights and 543,785,184 exercisable voting rights, providing invest...
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.
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