Professional
Added to YB: 2025-12-30
Pitch date: 2025-05-24
COFA.PA [bullish]
COFACE SA
-2.8%
current return
Author Info
Cedar Street Research delivers unique insights by leveraging an unconventional approach to financial analysis, combining the power of historical trends with bespoke data in order to uncover deep, actionable predictions about the future. We specialize in insurance companies, but extend our services to banks and specialty finance firms as well. Sign up for the newsletter.
Company Info
COFACE SA, through its subsidiaries, provides credit insurance products and related services for microenterprises, small and medium enterprises, mid-market companies, international corporations, financial institutions, and clients of distribution partners.
Market Cap
EUR 2.3B
Pitch Price
EUR 16.06
Price Target
N/A
Dividend
8.99%
EV/EBITDA
13.06
P/E
10.12
EV/Sales
3.01
Sector
Insurance
Category
dividend
COFACE SA: Specialty Global Credit Insurance Carrier Producing +13% Return on Average Equity and Issuing +8% Dividends Up and Down Credit Cycles
COFA.PA: Credit insurer w/ 76.3% combined ratio, 44.9% loss ratio, 9.3% div yield. Dominates trade credit insurance w/ Allianz & Atradius. €715B limits at risk, 95% short-term <180 days. Arch owns 30%. Risks: 327x leverage, Trump tariffs could hurt growth, limited Asia/LatAm exposure helps quality.
Read full article (4 min)