COFACE SA/€COFA
1D1W1MYTD1Y5YMAX
Capital at risk
About COFACE SA
COFACE SA is a French company specializing in credit insurance and risk management services, operating globally across approximately 200 markets. Founded in 1946, it offers products including trade credit insurance, business information, debt collection, single risk insurance, surety bonds, and factoring services. Headquartered in Bois-Colombes, France, COFACE employs over 5,200 staff and serves around 100,000 clients worldwide. The company's extensive international network and comprehensive suite of services position it to support businesses in managing trade risks and facilitating secure commercial transactions.
- Ticker
- €COFA
- Sector
- Finance
- Primary listing
- PAR
- Employees
- 5,351
- Headquarters
- Bois-Colombes, France
- Website
- www.coface.com
COFACE SA Metrics
BasicAdvanced
€2.4B
11.56
€1.38
0.48
€1.25
7.85%
Price and volume
Market cap
€2.4B
Beta
0.48
52-week high
€16.66
52-week low
€14.09
Average daily volume
133K
Dividend rate
€1.25
Financial strength
Current ratio
1.429
Quick ratio
1.323
Long term debt to equity
0.315
Total debt to equity
1.932
Dividend payout ratio (TTM)
90.92%
Interest coverage (TTM)
9.15%
Profitability
EBITDA (TTM)
386.239
Gross margin (TTM)
59.83%
Net profit margin (TTM)
11.18%
Operating margin (TTM)
20.48%
Effective tax rate (TTM)
24.79%
Revenue per employee (TTM)
€340,000
Management effectiveness
Return on assets (TTM)
2.85%
Return on equity (TTM)
9.66%
Valuation
Price to earnings (TTM)
11.559
Price to revenue (TTM)
1.292
Price to book
1.1
Price to tangible book (TTM)
1.25
Price to free cash flow (TTM)
13.87
Free cash flow yield (TTM)
7.21%
Free cash flow per share (TTM)
1.147
Dividend yield (TTM)
7.85%
Forward dividend yield
7.85%
Growth
Revenue change (TTM)
6.08%
Earnings per share change (TTM)
-15.47%
3-year revenue growth (CAGR)
-1.17%
10-year revenue growth (CAGR)
2.15%
3-year earnings per share growth (CAGR)
-4.28%
10-year earnings per share growth (CAGR)
9.81%
3-year dividend per share growth (CAGR)
-6.31%
10-year dividend per share growth (CAGR)
11.52%
Bulls say / Bears say
Underwriting remains strong in a difficult cycle: Coface’s H1 net combined ratio was 71.3%, well below its 78% through-the-cycle target, while the net loss ratio improved by 2.7 percentage points to 37.4%. (Coface SA, Reinsurance News)
The move beyond core insurance is gaining traction: H1 business information revenue grew 12% organically, or 19.1% including Cedar Rose, while debt collection revenue rose almost 32%. This gives Coface additional growth avenues as global trade stays weak. (Reinsurance News, Coface SA)
Coface has substantial capital flexibility: its estimated solvency ratio was 194%, above the 155%-175% target range, and AM Best reaffirmed A financial-strength ratings with stable outlooks. That supports continued investment, acquisitions or shareholder distributions, including a planned future dividend uplift. (Morningstar, Reinsurance News)
Earnings momentum weakened materially: H1 net income fell 13.2% to €107.8m and operating income declined 9.3%, while annualised RoATE dropped to 10.9%. The strong combined ratio did not translate into higher profits. (Insurance Business, Reinsurance News)
The core credit-insurance market is contracting: insurance revenue fell 0.8% at constant exchange rates in H1 and pricing was negative by 1.3%, despite near-record client retention. Shrinking premiums could limit growth even if Coface continues to take market share. (Insurance Business, Reinsurance News)
The diversification strategy is absorbing costs before it delivers the promised returns: the H1 net cost ratio rose 2.7 percentage points to 33.9%, and Coface dropped its target for business information to add 50 basis points to RoATE by 2027. Replacing that shortfall with a later dividend increase may help shareholders, but does not fix the weaker operating contribution. (Insurance Business, Reinsurance News)
Data summarised monthly by Lightyear AI. Last updated on 16 Sept 2026.
Upcoming events
No upcoming events
Funds containing COFACE SA
AllEURGBPUSD
Fund name | Fund size | €COFA weighting |
|---|---|---|
Xtrackers MSCI Europe Small Cap€DX2J | €3.2B | 0.11% |
Xtrackers MSCI Europe Small Cap£XXSC | £2.8B | 0.11% |
iShares MSCI World Small Cap$WSML | $9B | 0.02% |
iShares MSCI World Small Cap€IUSN | €7.8B | 0.02% |
iShares MSCI World Small Cap£WLDS | £6.7B | 0.02% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.