STEF-TFE is a provider of transport and logistic services for food products requiring specific temperature control within Europe. Co. divides its operation into four segments: Transport in France (transportation of fresh and frozen products, transportation of seafood and organization of international transport activities); Logistics in France or STEF Logistique (logistics for fresh and frozen products for industrial players, mass retail and the food-service industry); STEF International (international activities in Spain, Portugal, Italy, Benelux, Switerland and U.K.); and Maritime activities (maritime services, passengers and freight, and maritime brokerage).
  • TickerSTF
  • ISINFR0000064271
  • ExchangeEuronext Paris
  • SectorIndustrial Transportation
  • CountryFrance
Jeremy Garnier

STEF : As expected, H1 profitability dented by the health crisis

>H1 operating profit at € 27.9m (vs € 37m est.), i.e. an operating margin of 1.9% (vs 2.5% est.) - H1 results published yesterday evening by STEF came in a shade below our forecasts. With H1 revenues (already published), down 10.5% to € 1,491m, the operating margin fell by 210bp to 1.9% (vs -150bp to 2.5%e) and the operating profit plunged 58.5% to € 27.9m (vs € 37m est.). Attributable net profit was down 62.7% to € 14.9m.H1 hurt ...

Jeremy Garnier

STEF : Une rentabilité S1 logiquement impactée par la crise sanitaire

>RO S1 de 27.9 M€ (vs 37.0 M€e) soit une MOP de 1.9% (vs 2.5%e) - Les résultats semestriels publiés hier soir par le groupe STEF ressortent légèrement inférieurs à nos attentes. Pour un CA S1 (déjà publié) en retrait de 10.5% à 1 491 M€, la MOP se replie de 210 pb à 1.9% (vs -150 pb à 2.5%e) avec un RO qui recule fortement de 58.5% à 27.9 M€ (vs 37 M€e). Le RNpg s’établit quant à lui en baisse de 62.7% à 14.9 M€.Un semestre ...

STEF loses on its star level and is downgraded to Slightly Positive

The independent financial analyst theScreener just slightly lowered the general evaluation of STEF (FR), active in the Delivery Services industry. The title has lost a star(s) at the fundamental level and now shows 2 out of 4 stars. Its exposure to market risk remains nonetheless the same and can be still described as defensive. theScreener slightly downgrades the general evaluation to Slightly Positive for the title on account of the lost star(s). As of the analysis date August 25, 2020, the closing price was EUR 66.60 and its potential was estimated at EUR 80.45.

Matthieu DRIOL

Short term view - STEF : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €76.72, then €71.38. Passing €94.40 would question the continuation of the fall.

Matthieu DRIOL

Analyse court terme - STEF : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 76,72 €, puis 71,38 €. Le franchissement de 94,40 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Analyse court terme - STEF : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 76,72 €, puis 71,38 €. Le franchissement de 94,40 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - STEF : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at €76.72, then €71.38. Passing €94.40 would question the continuation of the fall.

Matthieu DRIOL

Analyse moyen terme - STEF : Les cours baissent.

La tendance est incertaine. Les cours baissent, et il y a une possibilité d'accélération baissière. Une nouvelle tendance baissière tente de démarrer.

Stef: 1 director sold

A director at Stef sold 300 shares at 69.064EUR and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members alon...

Jeremy Garnier

STEF : As expected, H1 profitability dented by the health crisis

>H1 operating profit at € 27.9m (vs € 37m est.), i.e. an operating margin of 1.9% (vs 2.5% est.) - H1 results published yesterday evening by STEF came in a shade below our forecasts. With H1 revenues (already published), down 10.5% to € 1,491m, the operating margin fell by 210bp to 1.9% (vs -150bp to 2.5%e) and the operating profit plunged 58.5% to € 27.9m (vs € 37m est.). Attributable net profit was down 62.7% to € 14.9m.H1 hurt ...

Jeremy Garnier

STEF : Une rentabilité S1 logiquement impactée par la crise sanitaire

>RO S1 de 27.9 M€ (vs 37.0 M€e) soit une MOP de 1.9% (vs 2.5%e) - Les résultats semestriels publiés hier soir par le groupe STEF ressortent légèrement inférieurs à nos attentes. Pour un CA S1 (déjà publié) en retrait de 10.5% à 1 491 M€, la MOP se replie de 210 pb à 1.9% (vs -150 pb à 2.5%e) avec un RO qui recule fortement de 58.5% à 27.9 M€ (vs 37 M€e). Le RNpg s’établit quant à lui en baisse de 62.7% à 14.9 M€.Un semestre ...

Jeremy Garnier

STEF : H1 sales below our forecast - Caution on the outlook

>Q2 sales of € 697.5m (vs € 821.8m est.) down 19.2% (-19.4% l-f-l) - Yesterday evening, Stef reported Q2 sales sharply down 19.2% to € 697.5m, lower than our estimate of € 821.8m est. Excluding the contribution of DYAD (€ 1.6m), the organic decline stands at 19.4%. Over the half year, sales fell by 10.5% to € 1,491m (vs -3%e to € 1,615.4m est.). The difference with our forecasts is mainly due to the trading activity (with no margin) which has experienced a sharp decli...

Jeremy Garnier

STEF : CA S1 inférieur à notre attente – Prudence sur les perspectives

>CA T2 de 697.5 M€ (vs 821.8 M€e) en décroissance de 19.2% (-19.4% lfl) - STEF a publié hier soir un CA T2 en forte décroissance de 19.2% à 697.5 M€ inférieur à notre prévision de 821.8 M€e. Hormis la contribution de DYAD (1.6 M€), la baisse organique s’établit à 19.4%. Sur le semestre, le CA ressort en repli de 10.5% à 1 491 M€ (vs -3%e à 1 615.4 M€e). L’écart avec nos prévisions provient principalement de l’activité négoce (non margée) qui a connu un très net recul ...

Jeremy Garnier

STEF : Q1 2020 sales slightly below our forecasts, hit by lockdown measures in Europe

>Q1 sales slightly down by 1.1% to € 793.4m (vs € 813m est.) - STEF reported yesterday evening Q1 sales of € 793.4m, slightly below our estimate of € 813m. Sales fell by 1.1% (vs. +1.3% est.). Excluding the scope effect linked to STEF Raalte and DYAD (+0.4%), the organic decline was -1.5% (vs. +1% est.).The resilience of the GMS business partly offset the decline in other businesses (notably RHD, Seafood and Maritime) - Q1 sales were mixed: they grew ...

Anthony Dick ...
  • Michael Foundoukidis

ODDO BHF Small & MIDCAP MORNING NEWS - 07/24/2020

The shock caused by the COVID-19 pandemic is much bigger than the previous impacts seen since the Bureau Veritas IPO (October 2007), whether from the financial crisis (2008-2009), the sudden drop in oil prices (2014-2015) or the trade war (2019). Q2 2020 results will show historically large organic declines (double digits in some cases) even though sector groups theoretically have resilient and diversified profiles. Eurofins and Bureau Veritas are our Top Picks. We downgrade Applus to...

Anthony Dick ...
  • Michael Foundoukidis

ODDO BHF Small & MIDCAP MORNING NEWS - 24/07/2020

Le choc du COVID-19 dépasse largement les précédents impacts négatifs rencontrés depuis l’introduction en Bourse de Bureau Veritas (octobre 2007), que ce soit la crise financière (2008-2009), la chute brutale du cours du pétrole (2014-2015) ou la guerre commerciale (2019). Ces T2 2020 auront un caractère historique par l’ampleur de leur régression organique (à deux chiffres parfois) malgré des profils théoriquement résilients et diversifiés. Eurofins et Bureau Veritas sont nos valeurs...

Alfred Glaser ...
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Martial Descoutures
  • Nicolas David
  • Nicolas Thorez
  • Oussema Denguir
  • Roland Pfaender,MBA,CFA,CCRA

ODDO BHF Small & MIDCAP MORNING NEWS - 04/24/2020

...

STEF loses on its star level and is downgraded to Slightly Positive

The independent financial analyst theScreener just slightly lowered the general evaluation of STEF (FR), active in the Delivery Services industry. The title has lost a star(s) at the fundamental level and now shows 2 out of 4 stars. Its exposure to market risk remains nonetheless the same and can be still described as defensive. theScreener slightly downgrades the general evaluation to Slightly Positive for the title on account of the lost star(s). As of the analysis date August 25, 2020, the closing price was EUR 66.60 and its potential was estimated at EUR 80.45.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

Pierre-Antoine Bourgoin

Stef - Assemblée Générale des actionnaires du 30 avril 2020

Suite à l'annulation du dividende de 2,65€ par action initialement prévu, la société fait valoir : "Le Groupe a entendu les récents appels lancés par le Gouvernement concernant la politique de dividendes et souhaite apporter sa participation aux efforts demandés à toutes les parties prenantes en cette période de crise". A la vue des récents événéments relatifs au Covid-19, Proxinvest est favorable à cette décision. En conséquence, nous recommandons l'approbation à la résolution 2. Le quitus est regrettablement associé à l'approbation générale des comptes consolidés (résolution 3). La communi...

SRI Quantitative KPIs

Les analyses Gaïa sont des analyses ESG (Environnement, Social, Gouvernance) dediees aux entreprises de tailles intermediaires (PME, ETI) françaises. Elles presentent 120 indicateurs quantitatifs sur les trois derniers exercices.

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