Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €40.10, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the IT industry in France. Total loss to shareholders of 16% over the past three years. Declared Dividend • Apr 23
Dividend of €2.00 announced Dividend of €2.00 is the same as last year. Ex-date: 3rd June 2026 Payment date: 5th June 2026 Dividend yield will be 5.4%, which is higher than the industry average of 1.6%. Sustainability & Growth The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share is expected to grow by 24% over the next 3 years, which should maintain adequate earnings cover for the dividend. Anuncio • Apr 23
Infotel SA announces Annual dividend, payable on June 05, 2026 Infotel SA announced Annual dividend of EUR 2.0000 per share payable on June 05, 2026, ex-date on June 03, 2026 and record date on June 04, 2026. Anuncio • Apr 21
Infotel SA, Annual General Meeting, May 27, 2026 Infotel SA, Annual General Meeting, May 27, 2026. Location: le valmy 4 16 avenue leon gaumont, paris France Reported Earnings • Mar 20
Full year 2025 earnings released Full year 2025 results: Revenue: €294.1m (flat on FY 2024). Net income: €20.9m (up 13% from FY 2024). Profit margin: 7.1% (up from 6.3% in FY 2024). Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the IT industry in France. Anuncio • Jan 30
Infotel SA (ENXTPA:INF) acquired Sesin. Infotel SA (ENXTPA:INF) acquired Sesin on January 1, 2026.
For the period ending December 31, 2025, Sesin reported total revenue of €3 million.
Infotel SA (ENXTPA:INF) completed the acquisition of Sesin on January 1, 2026. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €44.10, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the IT industry in France. Total loss to shareholders of 4.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €47.06 per share. Upcoming Dividend • May 28
Upcoming dividend of €2.00 per share Eligible shareholders must have bought the stock before 04 June 2025. Payment date: 06 June 2025. Payout ratio is a comfortable 75% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of French dividend payers (5.4%). Higher than average of industry peers (2.3%). Declared Dividend • Apr 27
Dividend of €2.00 announced Dividend of €2.00 is the same as last year. Ex-date: 4th June 2025 Payment date: 6th June 2025 Dividend yield will be 4.7%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by both earnings (83% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next 2 years, which should provide adequate earnings cover for the dividend. Anuncio • Apr 17
Infotel SA, Annual General Meeting, May 27, 2025 Infotel SA, Annual General Meeting, May 27, 2025. Location: le valmy 4 16 avenue leon gaumont, paris France Buy Or Sell Opportunity • Apr 08
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at €42.10. The fair value is estimated to be €52.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 6.8% in 2 years. Earnings are forecast to grow by 17% in the next 2 years. Reported Earnings • Mar 23
Full year 2024 earnings released Full year 2024 results: Revenue: €294.8m (down 4.1% from FY 2023). Net income: €18.5m (up 2.4% from FY 2023). Profit margin: 6.3% (up from 5.9% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the IT industry in France. Price Target Changed • Feb 05
Price target decreased by 7.4% to €45.63 Down from €49.27, the current price target is an average from 6 analysts. New target price is 11% above last closing price of €41.00. Stock is down 15% over the past year. The company is forecast to post earnings per share of €2.43 for next year compared to €2.62 last year. Buy Or Sell Opportunity • Jan 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to €38.00. The fair value is estimated to be €47.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 5.9% in 2 years. Earnings are forecast to grow by 23% in the next 2 years. Reported Earnings • Sep 27
First half 2024 earnings released First half 2024 results: Revenue: €149.2m (down 5.9% from 1H 2023). Net income: €8.30m (down 12% from 1H 2023). Profit margin: 5.6% (down from 6.0% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the IT industry in France. Price Target Changed • Aug 17
Price target decreased by 7.7% to €49.42 Down from €53.55, the current price target is an average from 5 analysts. New target price is 27% above last closing price of €39.00. Stock is down 27% over the past year. The company is forecast to post earnings per share of €2.59 for next year compared to €2.62 last year. Anuncio • Aug 02
Infotel SA to Report First Half, 2024 Results on Sep 25, 2024 Infotel SA announced that they will report first half, 2024 results on Sep 25, 2024 Anuncio • Jun 29
Infotel SA (ENXTPA:INF) acquired 30% stake in Altanna. Infotel SA (ENXTPA:INF) acquired 30% stake in Altanna on June 27, 2024. Altanna generated revenue of €2 million in 2023. The acquisition of 30% of Altanna’s share capital is fully financed in cash from own funds. The contract provides for an option to acquire a majority stake in Altanna within three years.Infotel SA (ENXTPA:INF) completed the acquisition of 30% stake in Altanna on June 27, 2024. Upcoming Dividend • May 22
Upcoming dividend of €2.00 per share Eligible shareholders must have bought the stock before 29 May 2024. Payment date: 31 May 2024. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of French dividend payers (5.2%). Higher than average of industry peers (1.7%). Reported Earnings • Mar 15
Full year 2023 earnings released Full year 2023 results: Revenue: €307.5m (up 2.4% from FY 2022). Net income: €18.1m (down 11% from FY 2022). Profit margin: 5.9% (down from 6.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the IT industry in France. Buy Or Sell Opportunity • Feb 01
Now 23% undervalued Over the last 90 days, the stock has risen 12% to €49.20. The fair value is estimated to be €64.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 5.6% in 2 years. Earnings are forecast to grow by 5.4% in the next 2 years. Price Target Changed • Oct 27
Price target decreased by 9.9% to €57.52 Down from €63.82, the current price target is an average from 5 analysts. New target price is 37% above last closing price of €42.00. Stock is down 18% over the past year. The company is forecast to post earnings per share of €2.99 for next year compared to €2.95 last year. New Risk • Sep 26
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 37% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (37% accrual ratio). Minor Risk Dividend is not well covered by cash flows (99% cash payout ratio). Upcoming Dividend • May 12
Upcoming dividend of €2.00 per share at 3.7% yield Eligible shareholders must have bought the stock before 19 May 2023. Payment date: 23 May 2023. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of French dividend payers (5.3%). Higher than average of industry peers (1.9%). Reported Earnings • Mar 24
Full year 2022 earnings released Full year 2022 results: Revenue: €300.4m (up 14% from FY 2021). Net income: €20.9m (up 53% from FY 2021). Profit margin: 7.0% (up from 5.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the IT industry in France. Buying Opportunity • Dec 15
Now 21% undervalued Over the last 90 days, the stock is up 8.3%. The fair value is estimated to be €68.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has grown by 4.4%. Revenue is forecast to grow by 18% in 2 years. Earnings is forecast to grow by 36% in the next 2 years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Alain Hallereau was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • May 20
Upcoming dividend of €1.60 per share Eligible shareholders must have bought the stock before 27 May 2022. Payment date: 31 May 2022. Trailing yield: 3.1%. Lower than top quartile of French dividend payers (4.9%). Higher than average of industry peers (1.6%). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Alain Hallereau was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 19
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: €263.4m (up 12% from FY 2020). Net income: €13.7m (up 46% from FY 2020). Profit margin: 5.2% (up from 4.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 7.5%, compared to a 11% growth forecast for the industry in France. Reported Earnings • Sep 24
First half 2021 earnings released The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €129.1m (up 9.0% from 1H 2020). Net income: €6.30m (up 32% from 1H 2020). Profit margin: 4.9% (up from 4.0% in 1H 2020). The increase in margin was driven by higher revenue. Price Target Changed • Sep 23
Price target increased to €55.80 Up from €51.83, the current price target is an average from 3 analysts. New target price is 9.4% above last closing price of €51.00. Stock is up 36% over the past year. Major Estimate Revision • Jul 30
Consensus EPS estimates increase to €2.53 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from €248.6m to €261.0m. EPS estimate increased from €2.14 to €2.53 per share. Net income forecast to grow 85% next year vs 39% growth forecast for IT industry in France. Consensus price target broadly unchanged at €52.83. Share price rose 3.7% to €50.00 over the past week. Price Target Changed • Jul 29
Price target increased to €52.83 Up from €49.10, the current price target is an average from 2 analysts. New target price is 5.2% above last closing price of €50.20. Stock is up 35% over the past year. Upcoming Dividend • May 17
Upcoming dividend of €1.60 per share Eligible shareholders must have bought the stock before 24 May 2021. Payment date: 26 May 2021. Trailing yield: 3.4%. Lower than top quartile of French dividend payers (3.8%). Higher than average of industry peers (1.4%). Reported Earnings • Mar 13
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €235.2m (down 5.3% from FY 2019). Net income: €9.40m (down 28% from FY 2019). Profit margin: 4.0% (down from 5.2% in FY 2019). The decrease in margin was driven by lower revenue. Is New 90 Day High Low • Dec 15
New 90-day high: €41.60 The company is up 2.0% from its price of €40.70 on 15 September 2020. The French market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €33.93 per share. Is New 90 Day High Low • Oct 29
New 90-day low: €35.60 The company is down 4.0% from its price of €37.10 on 30 July 2020. The French market is down 3.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €32.50 per share. Reported Earnings • Sep 19
First half earnings released Over the last 12 months the company has reported total profits of €12.9m, down 1.1% from the prior year. Total revenue was €244.5m over the last 12 months, up 2.3% from the prior year.