Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €84.50, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 19x in the Software industry in the United Kingdom. Total loss to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €109 per share. Reported Earnings • Jul 26
Second quarter 2026 earnings released: EPS: €0.74 (vs €0.65 in 2Q 2025) Second quarter 2026 results: EPS: €0.74 (up from €0.65 in 2Q 2025). Revenue: €51.8m (up 13% from 2Q 2025). Net income: €11.8m (up 13% from 2Q 2025). Profit margin: 23% (in line with 2Q 2025). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Ankündigung • Jul 24
Atoss Software Se Provides Earnings Guidance for Fy2026 and Fy2027 ATOSS Software SE provides earnings guidance for Fy2026 and Fy2027. For 2026, the company expects total revenue of EUR 210 million to EUR 215 million and an EBIT margin of at least 34 percent.
For 2027, the company expects in a range of EUR 235 million to EUR 245 million, and forecasts now an EBIT margin of at least 35 percent. Buy Or Sell Opportunity • Jul 23
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to €68.40. The fair value is estimated to be €89.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 24% in the next 2 years. Buy Or Sell Opportunity • Jul 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.9% to €72.30. The fair value is estimated to be €91.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 24% in the next 2 years. New Risk • Jul 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Jun 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to €69.60. The fair value is estimated to be €87.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 24% in the next 2 years. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €80.90, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 19x in the Software industry in the United Kingdom. Total loss to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €89.67 per share. Buy Or Sell Opportunity • Apr 30
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to €79.39. The fair value is estimated to be €102, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 24% in the next 2 years. Upcoming Dividend • Apr 27
Upcoming dividend of €2.28 per share Eligible shareholders must have bought the stock before 04 May 2026. Payment date: 06 May 2026. Payout ratio is a comfortable 75% and the cash payout ratio is 78%. Trailing yield: 2.8%. Lower than top quartile of British dividend payers (5.7%). In line with average of industry peers (2.8%). Reported Earnings • Apr 26
First quarter 2026 earnings released: EPS: €0.80 (vs €0.71 in 1Q 2025) First quarter 2026 results: EPS: €0.80 (up from €0.71 in 1Q 2025). Revenue: €51.4m (up 11% from 1Q 2025). Net income: €12.8m (up 13% from 1Q 2025). Profit margin: 25% (in line with 1Q 2025). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Declared Dividend • Mar 30
Dividend increased to €2.28 Dividend of €2.28 is 7.0% higher than last year. Ex-date: 4th May 2026 Payment date: 6th May 2026 Dividend yield will be 3.1%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (75% earnings payout ratio) and cash flows (78% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • Mar 23
ATOSS Software SE, Annual General Meeting, Apr 30, 2026 ATOSS Software SE, Annual General Meeting, Apr 30, 2026, at 11:00 W. Europe Standard Time. Ankündigung • Mar 22
ATOSS Software SE announces Annual dividend, payable on May 06, 2026 ATOSS Software SE announced Annual dividend of EUR 2.2800 per share payable on May 06, 2026, ex-date on May 04, 2026 and record date on May 05, 2026. Reported Earnings • Mar 11
Full year 2025 earnings released: EPS: €3.04 (vs €2.86 in FY 2024) Full year 2025 results: EPS: €3.04 (up from €2.86 in FY 2024). Revenue: €189.3m (up 11% from FY 2024). Net income: €48.4m (up 6.4% from FY 2024). Profit margin: 26% (down from 27% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €101, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 24x in the Software industry in the United Kingdom. Total returns to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €95.33 per share. Buy Or Sell Opportunity • Dec 29
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 5.5% to €115. The fair value is estimated to be €95.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Buy Or Sell Opportunity • Dec 12
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to €115. The fair value is estimated to be €95.25, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Ankündigung • Dec 12
ATOSS Software SE to Report First Half, 2026 Results on Aug 11, 2026 ATOSS Software SE announced that they will report first half, 2026 results on Aug 11, 2026 Ankündigung • Oct 30
ATOSS Software SE Appoints Joachim Schreiner as Chief Revenue Officer, Effective November 1, 2025 ATOSS Software SE appointed Joachim Schreiner as Chief Revenue Officer, effective November 1, 2025. Schreiner previously held various leadership positions, including General Manager at Salesforce Germany, where he successfully built and led the company’s German operations over a period of more than 17 years. Most recently, he was Chief Revenue Officer at the Berlin-based AI company Parloa, where he was responsible for driving the company’s growth strategy. He brings extensive expertise in sales, marketing, and business development from both global enterprise and dynamic scale-up environments. His proven ability to strategically and operationally guide growth phases, inspire teams, and build strong, trust-based customer relationships will play a pivotal role in shaping the next stage of ATOSS’s development. As CRO, Joachim Schreiner will be responsible for the entire revenue organization at ATOSS. Working closely with the international teams in Europe and India, he will focus on further expanding the company’s market position, unlocking new opportunities, and driving sustainable growth and global expansion. Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: €0.77 (vs €0.73 in 3Q 2024) Third quarter 2025 results: EPS: €0.77 (up from €0.73 in 3Q 2024). Revenue: €47.2m (up 12% from 3Q 2024). Net income: €12.3m (up 6.1% from 3Q 2024). Profit margin: 26% (down from 28% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Oct 23
Now 28% overvalued Over the last 90 days, the stock has fallen 1.6% to €121. The fair value is estimated to be €94.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Reported Earnings • Aug 13
Second quarter 2025 earnings released: EPS: €0.65 (vs €0.72 in 2Q 2024) Second quarter 2025 results: EPS: €0.65 (down from €0.72 in 2Q 2024). Revenue: €45.8m (up 9.2% from 2Q 2024). Net income: €10.4m (down 9.4% from 2Q 2024). Profit margin: 23% (down from 27% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €123, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 22x in the Software industry in the United Kingdom. Total returns to shareholders of 68% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €94.88 per share. Ankündigung • Jul 15
ATOSS Software SE to Report First Half, 2025 Results on Jul 24, 2025 ATOSS Software SE announced that they will report first half, 2025 results on Jul 24, 2025 Reported Earnings • Apr 28
First quarter 2025 earnings released: EPS: €0.71 (vs €0.62 in 1Q 2024) First quarter 2025 results: EPS: €0.71 (up from €0.62 in 1Q 2024). Revenue: €46.3m (up 11% from 1Q 2024). Net income: €11.3m (up 16% from 1Q 2024). Profit margin: 25% (up from 23% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 25
Upcoming dividend of €2.13 per share Eligible shareholders must have bought the stock before 02 May 2025. Payment date: 06 May 2025. Payout ratio is a comfortable 75% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of British dividend payers (6.1%). Lower than average of industry peers (1.9%). Ankündigung • Mar 21
ATOSS Software SE, Annual General Meeting, Apr 30, 2025 ATOSS Software SE, Annual General Meeting, Apr 30, 2025, at 11:00 W. Europe Standard Time. Reported Earnings • Mar 10
Full year 2024 earnings released: EPS: €2.86 (vs €2.25 in FY 2023) Full year 2024 results: EPS: €2.86 (up from €2.25 in FY 2023). Revenue: €170.6m (up 13% from FY 2023). Net income: €45.5m (up 27% from FY 2023). Profit margin: 27% (up from 24% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Declared Dividend • Feb 03
Dividend of €2.13 announced Shareholders will receive a dividend of €2.13. Ex-date: 2nd May 2025 Payment date: 6th May 2025 Dividend yield will be 1.8%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jan 22
Now 21% overvalued Over the last 90 days, the stock has fallen 10% to €114. The fair value is estimated to be €94.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 12% in the next 2 years. Buy Or Sell Opportunity • Nov 28
Now 23% overvalued Over the last 90 days, the stock has fallen 11% to €123. The fair value is estimated to be €100, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 33%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 7.8% per annum over the same time period. Reported Earnings • Oct 23
Third quarter 2024 earnings released: EPS: €0.73 (vs €0.54 in 3Q 2023) Third quarter 2024 results: EPS: €0.73 (up from €0.54 in 3Q 2023). Revenue: €42.1m (up 14% from 3Q 2023). Net income: €11.6m (up 35% from 3Q 2023). Profit margin: 28% (up from 23% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Oct 06
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to €126. The fair value is estimated to be €105, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Buy Or Sell Opportunity • Sep 17
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to €126. The fair value is estimated to be €105, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 10.0% per annum over the same time period. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €119, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 22x in the Software industry in the United Kingdom. Total returns to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €107 per share. Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: €0.72 (vs €0.53 in 2Q 2023) Second quarter 2024 results: EPS: €0.72 (up from €0.53 in 2Q 2023). Revenue: €42.0m (up 13% from 2Q 2023). Net income: €11.5m (up 36% from 2Q 2023). Profit margin: 27% (up from 23% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jul 02
Now 12% overvalued Over the last 90 days, the stock has fallen 15% to €111. The fair value is estimated to be €99.34, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 19% in the next 2 years. Buy Or Sell Opportunity • Jun 19
Now 21% overvalued Over the last 90 days, the stock has fallen 14% to €230. The fair value is estimated to be €190, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 19% in the next 2 years. Reported Earnings • Apr 29
First quarter 2024 earnings released: EPS: €1.23 (vs €0.97 in 1Q 2023) First quarter 2024 results: EPS: €1.23 (up from €0.97 in 1Q 2023). Revenue: €41.8m (up 16% from 1Q 2023). Net income: €9.76m (up 26% from 1Q 2023). Profit margin: 23% (up from 21% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 26
Upcoming dividend of €3.37 per share Eligible shareholders must have bought the stock before 02 May 2024. Payment date: 06 May 2024. Payout ratio is a comfortable 75% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (1.7%). Upcoming Dividend • Apr 25
Upcoming dividend of €3.37 per share Eligible shareholders must have bought the stock before 02 May 2024. Payment date: 06 May 2024. Payout ratio is a comfortable 75% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (1.7%). Reported Earnings • Mar 13
Full year 2023 earnings released: EPS: €4.50 (vs €2.44 in FY 2022) Full year 2023 results: EPS: €4.50 (up from €2.44 in FY 2022). Revenue: €151.2m (up 33% from FY 2022). Net income: €35.8m (up 85% from FY 2022). Profit margin: 24% (up from 17% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 18% per year. Declared Dividend • Feb 02
Dividend of €4.37 announced Shareholders will receive a dividend of €4.37. Ex-date: 2nd May 2024 Payment date: 6th May 2024 Dividend yield will be 1.8%, which is about the same as the industry average. Payout Ratios Payout ratio: 53%. Cash payout ratio: 35%. Ankündigung • Feb 01
ATOSS Software AG to Report First Half, 2024 Results on Jul 24, 2024 ATOSS Software AG announced that they will report first half, 2024 results on Jul 24, 2024 Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: €1.08 (vs €0.68 in 3Q 2022) Third quarter 2023 results: EPS: €1.08 (up from €0.68 in 3Q 2022). Revenue: €37.0m (up 31% from 3Q 2022). Net income: €8.60m (up 58% from 3Q 2022). Profit margin: 23% (up from 19% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 18% per year. Reported Earnings • Jul 26
Second quarter 2023 earnings released: EPS: €1.07 (vs €0.60 in 2Q 2022) Second quarter 2023 results: EPS: €1.07 (up from €0.60 in 2Q 2022). Revenue: €37.0m (up 34% from 2Q 2022). Net income: €8.46m (up 78% from 2Q 2022). Profit margin: 23% (up from 17% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: €0.97 (vs €0.52 in 1Q 2022) First quarter 2023 results: EPS: €0.97 (up from €0.52 in 1Q 2022). Revenue: €36.2m (up 35% from 1Q 2022). Net income: €7.73m (up 86% from 1Q 2022). Profit margin: 21% (up from 16% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 25
Upcoming dividend of €2.83 per share at 1.1% yield Eligible shareholders must have bought the stock before 02 May 2023. Payment date: 04 May 2023. Payout ratio is on the higher end at 75%, however this is supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (1.8%). Reported Earnings • Feb 05
Full year 2022 earnings released: EPS: €2.44 (vs €2.43 in FY 2021) Full year 2022 results: EPS: €2.44 (up from €2.43 in FY 2021). Revenue: €113.9m (up 17% from FY 2021). Net income: €19.4m (flat on FY 2021). Profit margin: 17% (down from 20% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 18% share price gain to €168, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 27x in the Software industry in the United Kingdom. Total returns to shareholders of 130% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €135 per share. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improved over the past week After last week's 16% share price gain to €145, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 28x in the Software industry in the United Kingdom. Total returns to shareholders of 123% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €144 per share. Buying Opportunity • Sep 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.2%. The fair value is estimated to be €164, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 33% in 2 years. Earnings is forecast to grow by 39% in the next 2 years. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: €0.60 (vs €0.52 in 2Q 2021) Second quarter 2022 results: EPS: €0.60 (up from €0.52 in 2Q 2021). Revenue: €27.6m (up 21% from 2Q 2021). Net income: €4.75m (up 16% from 2Q 2021). Profit margin: 17% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 14%, compared to a 22% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 27
Upcoming dividend of €1.82 per share Eligible shareholders must have bought the stock before 02 May 2022. Payment date: 04 May 2022. Payout ratio is a comfortable 75% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of British dividend payers (4.6%). Lower than average of industry peers (2.0%). Reported Earnings • Mar 15
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €2.43 (up from €2.23 in FY 2020). Revenue: €97.1m (up 13% from FY 2020). Net income: €19.3m (up 9.2% from FY 2020). Profit margin: 20% (in line with FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 14%, compared to a 29% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improved over the past week After last week's 19% share price gain to €189, the stock trades at a forward P/E ratio of 73x. Average forward P/E is 32x in the Software industry in the United Kingdom. Total returns to shareholders of 338% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €94.14 per share. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS €0.55 (vs €0.46 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: €23.8m (up 16% from 3Q 2020). Net income: €4.42m (up 20% from 3Q 2020). Profit margin: 19% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jul 28
Second quarter 2021 earnings released: EPS €0.52 (vs €0.61 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: €22.8m (up 9.1% from 2Q 2020). Net income: €4.11m (down 15% from 2Q 2020). Profit margin: 18% (down from 23% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €154, the stock trades at a forward P/E ratio of 71x. Average forward P/E is 35x in the Software industry in the United Kingdom. Total returns to shareholders of 258% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €105 per share. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS €0.52 (vs €0.43 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: €23.0m (up 16% from 1Q 2020). Net income: €4.15m (up 21% from 1Q 2020). Profit margin: 18% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 26
Upcoming dividend of €1.67 per share Eligible shareholders must have bought the stock before 03 May 2021. Payment date: 05 May 2021. Trailing yield: 1.0%. Lower than top quartile of British dividend payers (4.1%). Lower than average of industry peers (1.6%). Reported Earnings • Mar 13
Full year 2020 earnings released: EPS €2.23 (vs €1.70 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €86.1m (up 21% from FY 2019). Net income: €17.7m (up 31% from FY 2019). Profit margin: 21% (up from 19% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Mar 13
Revenue beats expectations Revenue exceeded analyst estimates by 0.06%. Over the next year, revenue is forecast to grow 15%, compared to a 9.5% growth forecast for the Software industry in the United Kingdom. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €160, the stock is trading at a trailing P/E ratio of 78x, down from the previous P/E ratio of 92.6x. This compares to an average P/E of 56x in the Software industry in the United Kingdom. Total returns to shareholders over the past three years are 280%. Is New 90 Day High Low • Jan 26
New 90-day high: €197 The company is up 55% from its price of €127 on 27 October 2020. The British market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €59.16 per share. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 19% share price gain to €159, the stock is trading at a trailing P/E ratio of 78.7x, up from the previous P/E ratio of 66.2x. This compares to an average P/E of 48x in the Software industry in the United Kingdom. Total returns to shareholders over the past three years are 363%. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 19% share price gain to €159, the stock is trading at a trailing P/E ratio of 77.3x, up from the previous P/E ratio of 65x. This compares to an average P/E of 47x in the Software industry in the United Kingdom. Total returns to shareholders over the past three years are 361%. Reported Earnings • Oct 25
Third quarter earnings released Over the last 12 months the company has reported total profits of €16.3m, up 33% from the prior year. Total revenue was €80.8m over the last 12 months, up 17% from the prior year. 
