Valuation Update With 7 Day Price Move • May 27
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €61.10, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 17x in the Professional Services industry in the United Kingdom. Total loss to shareholders of 50% over the past three years. Upcoming Dividend • May 19
Upcoming dividend of €4.50 per share Eligible shareholders must have bought the stock before 26 May 2026. Payment date: 28 May 2026. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 5.9%. Within top quartile of British dividend payers (5.7%). Higher than average of industry peers (2.5%). Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €63.17, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 16x in the Professional Services industry in the United Kingdom. Total loss to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €57.51, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 14x in the Professional Services industry in the United Kingdom. Total loss to shareholders of 70% over the past three years. Annonce • Mar 23
Teleperformance SE(ENXTPA:TEP) dropped from FTSE All-World Index (USD) Teleperformance SE(ENXTPA:TEP) dropped from FTSE All-World Index (USD) Declared Dividend • Mar 09
Dividend increased to €4.50 Dividend of €4.50 is 7.1% higher than last year. Ex-date: 26th May 2026 Payment date: 28th May 2026 Dividend yield will be 7.9%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 17% 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 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 27
Full year 2025 earnings released: EPS: €8.47 (vs €8.76 in FY 2024) Full year 2025 results: EPS: €8.47 (down from €8.76 in FY 2024). Revenue: €10.2b (flat on FY 2024). Net income: €497.0m (down 5.0% from FY 2024). Profit margin: 4.9% (down from 5.1% in FY 2024). Revenue is forecast to stay flat during the next 3 years compared to a 6.3% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 41% per year, which means it is performing significantly worse than earnings. Annonce • Jan 13
Teleperformance SE to Report Fiscal Year 2025 Results on Feb 26, 2026 Teleperformance SE announced that they will report fiscal year 2025 results at 5:40 PM, Central European Standard Time on Feb 26, 2026 Annonce • Nov 06
Teleperformance SE Updates Earnings Guidance for the Year 2025 Teleperformance SE updated earnings guidance for the year 2025. For the year, the company expects Group LFL revenue growth between +1.0% and +2.0% (vs. the lower end of the +2% to +4% range). Annonce • Nov 05
Teleperformance SE to Report Fiscal Year 2025 Results on Feb 26, 2026 Teleperformance SE announced that they will report fiscal year 2025 results on Feb 26, 2026 Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €69.91, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 20x in the Professional Services industry in the United Kingdom. Total loss to shareholders of 75% over the past three years. New Risk • Aug 01
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 6.2% 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. Currently, the following risks have been identified for the company: Minor Risks High level of debt (93% net debt to equity). Share price has been volatile over the past 3 months (6.2% average weekly change). Reported Earnings • Aug 01
First half 2025 earnings released: EPS: €4.21 (vs €4.85 in 1H 2024) First half 2025 results: EPS: €4.21 (down from €4.85 in 1H 2024). Revenue: €5.12b (flat on 1H 2024). Net income: €249.0m (down 14% from 1H 2024). Profit margin: 4.9% (down from 5.7% in 1H 2024). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 40% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €78.54, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 20x in the Professional Services industry in the United Kingdom. Total loss to shareholders of 69% over the past three years. Upcoming Dividend • May 19
Upcoming dividend of €4.20 per share Eligible shareholders must have bought the stock before 26 May 2025. Payment date: 28 May 2025. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (1.9%). Annonce • Apr 30
Teleperformance SE to Report First Half, 2025 Results on Jul 31, 2025 Teleperformance SE announced that they will report first half, 2025 results on Jul 31, 2025 Annonce • Apr 10
Teleperformance SE, Annual General Meeting, May 22, 2025 Teleperformance SE, Annual General Meeting, May 22, 2025. Location: cloud business center, 10 bis rue du quatre septembre, paris France Declared Dividend • Mar 03
Dividend increased to €4.20 Dividend of €4.20 is 9.1% higher than last year. Ex-date: 26th May 2025 Payment date: 28th May 2025 Dividend yield will be 4.6%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 18% 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 72% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Mar 01
Teleperformance SE announces Annual dividend, payable on May 28, 2025 Teleperformance SE announced Annual dividend of EUR 4.2000 per share payable on May 28, 2025, ex-date on May 26, 2025 and record date on May 27, 2025. Reported Earnings • Feb 28
Full year 2024 earnings released: EPS: €8.76 (vs €10.27 in FY 2023) Full year 2024 results: EPS: €8.76 (down from €10.27 in FY 2023). Revenue: €10.3b (up 23% from FY 2023). Net income: €523.0m (down 13% from FY 2023). Profit margin: 5.1% (down from 7.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €100, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 21x in the Professional Services industry in the United Kingdom. Total loss to shareholders of 70% over the past three years. Reported Earnings • Aug 01
First half 2024 earnings released: EPS: €4.85 (vs €4.64 in 1H 2023) First half 2024 results: EPS: €4.85 (up from €4.64 in 1H 2023). Revenue: €5.08b (up 28% from 1H 2023). Net income: €291.0m (up 7.4% from 1H 2023). Profit margin: 5.7% (down from 6.8% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 21
Upcoming dividend of €3.85 per share Eligible shareholders must have bought the stock before 28 May 2024. Payment date: 30 May 2024. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of British dividend payers (5.6%). Higher than average of industry peers (1.8%). Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €99.81, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 18x in the Professional Services industry in the United Kingdom. Total loss to shareholders of 67% over the past three years. Annonce • May 03
Teleperformance Se Provides Earnings Guidance for the Full Year 2024 Teleperformance SE provided earnings guidance for the full year 2024. for the year, the company expects pro-forma revenue growth of +2% to +4%. Annonce • May 01
Teleperformance SE to Report First Half, 2024 Results on Jul 30, 2024 Teleperformance SE announced that they will report first half, 2024 results on Jul 30, 2024 New Risk • Mar 08
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 88% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (88% net debt to equity). Share price has been volatile over the past 3 months (9.5% average weekly change). Shareholders have been diluted in the past year (4.1% increase in shares outstanding). Annonce • Mar 07
Teleperformance SE Recommends Dividend for 2023, Payable on May 30, 2024 Teleperformance SE announced Board of Directors will recommend that shareholders at the Annual General Meeting on May 23, 2024 approve a 2023 dividend of €3.85 per share, unchanged from the amount paid in respect of 2022. This would correspond to a payout ratio of 38%. Ex-dividend date: May 28, 2024. Dividend payment: May 30, 2024. Reported Earnings • Mar 07
Full year 2023 earnings released: EPS: €10.27 (vs €10.95 in FY 2022) Full year 2023 results: EPS: €10.27 (down from €10.95 in FY 2022). Revenue: €8.35b (up 2.4% from FY 2022). Net income: €602.0m (down 6.7% from FY 2022). Profit margin: 7.2% (down from 7.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Annonce • Mar 07
Teleperformance SE Provides Earnings Guidance for the First Quarter and Year 2024 Teleperformance SE provided earnings guidance for the first quarter and year 2024. For the year, the company expects Like-for-like revenue growth of +2% to +4%.For the quarter, Revenue growth is likely to remain limited in the first quarter of 2024, given the highly unfavorable comparatives and the persistently volatile environment. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to €105, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 19x in the Professional Services industry in the United Kingdom. Total loss to shareholders of 64% over the past three years. Annonce • Feb 16
Teleperformance Se Announces to Appoint Bhupender Singh as Sole Chief Executive Officer, Starting January 1, 2026 Teleperformance SE announced to implements a new governance organization and it also represents a step towards the separation, starting January 1, 2026, of the roles of Chairman of the Board and Chief Executive Officer. On such date, Bhupender Singh will be appointed as sole Chief Executive Officer. Annonce • Jan 26
Teleperformance Launches Digital Services Arm, TP Infinity, to Better Serve Clients Globally Through Consulting, Design and System Integration Services Teleperformance announced the launch of its global digital consulting arm, TP Infinity, designed to deliver a holistic approach to building stronger brands through enhanced customer experience (CX). TP Infinity seeks to address the growing client demand for an integrated approach to CX transformation in today’s experience-led economy. Its comprehensive portfolio spans consulting, technology, data analytics, design and creative services, combining Teleperformance’s growing, global digital CX and transformation services with three independent digital companies integrated through Teleperformance’s recent acquisition of Majorel. These include: IST Networks, a CX technology reseller, system integrator and managed service provider based in Egypt, with operations in Saudi Arabia, UAE and broader EMEA; Findasense, a digital marketing agency based in Spain, with operations in Mexico, Colombia and rest of Latin America; and Junokai, a CX consulting firm based in Germany. TP Infinity team members will support their own clients and work seamlessly in partnership with Teleperformance teams and their clients to enable faster, more efficient and improved business processes that deliver enhanced experiences for customers. TP Infinity is comprised of a diverse team of more than 650 strategists, data lovers, tech enthusiasts, creative masterminds and operations gurus operating in 15 countries across North America, South America, Europe, and Asia who are united by a common purpose: to push the boundaries of CX. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €149, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Professional Services industry in the United Kingdom. Total loss to shareholders of 44% over the past three years. New Risk • Jan 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (52% net debt to equity). Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Annonce • Jan 09
Teleperformance SE, Annual General Meeting, May 23, 2024 Teleperformance SE, Annual General Meeting, May 23, 2024. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €98.73, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Professional Services industry in the United Kingdom. Total loss to shareholders of 61% over the past three years. Annonce • Oct 18
Teleperformance Launches TP Configuration, an Ai-Driven Platform to Enhance Service Delivery Teleperformance SE announced it has launched a new AI-driven digital solution for clients that enables faster, more efficient, and improved business processes. TP Configuration is an integrated, unified and scalable platform for managing the end-to-end agent lifecycle and improving operational performance. A complete application suite, TP Configuration supports more efficient back-office operations for enhanced customer care, bringing together scattered processes under a single sign-on platform to deliver a 360-degree view of agent performance, the operations floor and customer inquiries. Teleperformance clients using TP Configuration in their programs have seen significant efficiency, accuracy and customer experience benefits across a variety of industries. Programs have experienced up to 35% improvement in turnaround time, up to 40% reduction in customer escalations, and benefited from real-time insights into agent and customer interactions. TP Configuration's single-source platform includes near real-time monitoring and service-level reporting dashboards that deliver a comprehensive view to program operations, including quality management review and auditing, an intelligent workflow process that captures end-to-end tracking and provides automated audit flow; a system to help forecast labor needs and identify attrition risk; and more. Annonce • Oct 05
Teleperformance Joins the AI Lighthouse Program Teleperformance announced it is joining the AI Lighthouse program. Teleperformance will collaborate on the design, development, and deployment of new industry specific generative AI (GenAI) use cases that boost productivity and increase customer and employee satisfaction across front- and back-office capabilities in Customer Service Management (CSM) and IT Service Management (ITSM). Announced in July 2023, AI Lighthouse is a first-of-its kind program to fast-track the development and adoption of enterprise GenAI capabilities. Teleperformance's participation complements the company's launch of TEP GenAI earlier this year. Teleperformance brings de [4]ep experience in CX consultancy, GenAI, engineering, and development to AI Lighthouse. The company's initial focus will be to design and develop new GenAI models to support agent interaction with customers. As the most critical part of customer care, Teleperformance will look to automate therapeutic agent tasks such as case summarization, next steps, and knowledge management for their customer service agents within the AI Lighthouse program. Annonce • Sep 13
Teleperformance Launches AI maturity Assessment Toolkit to Help Companies Evaluate Strategies for AI Success Teleperformance announced it has launched an Artificial Intelligence (AI) Maturity Assessment Toolkit to help companies understand the capabilities necessary to successfully implement AI to help transform their organization for employees, customers and other key stakeholders. The free AI Maturity Survey is designed to help organizations understand not only the capabilities required for success, but the right combinations of capabilities across data readiness, operational strategies, infrastructure, talent and more. Developed by Teleperformance's AI Solutions Team, the AI Maturity Toolkit benchmarks an organization's AI capabilities across six key pillars that Teleperformance has identified as being critical to integrate AI with high success. This includes data readiness and integration, technology infrastructure, talent and expertise, deployment efficacy, strategy and culture, and continuous improvement. Survey respondents will receive a report benchmarking where their organization is in their AI journey, which they can use to help facilitate discussions within their organization. Teleperformance will also provide a consultation with an AI operations expert. Annonce • Aug 03
Teleperformance SE (ENXTPA:TEP) announces an Equity Buyback for €500 million worth of its shares. Teleperformance SE (ENXTPA:TEP) announces a share repurchase program. Under the program, the company will repurchase €500 million worth of its shares. The purpose of the repurchase program is to maintain its financial flexibility and to pursue other attractive acquisition opportunities. The repurchased shares will be cancelled. The program will be valid till December 31, 2024. Reported Earnings • Jul 28
First half 2023 earnings released: EPS: €4.64 (vs €4.67 in 1H 2022) First half 2023 results: EPS: €4.64 (down from €4.67 in 1H 2022). Revenue: €3.96b (flat on 1H 2022). Net income: €271.0m (down 1.1% from 1H 2022). Profit margin: 6.8% (down from 6.9% in 1H 2022). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Annonce • Jun 27
Teleperformance SE Announces Executive Changes Teleperformance SE announced the appointment of Teri O’Brien as Chief Legal and Compliance Officer, effective on July 1, 2023. O’Brien will succeed Chief Legal and Compliance Officer Leigh Ryan, who is retiring on that date. O’Brien joined Teleperformance on May 15, 2023 as Incoming Chief Legal and Compliance Officer and has been working closely with Ryan since then to ensure a smooth transition. Ryan is retiring after more than six years at Teleperformance. Before that, she served as external counsel to Teleperformance Group for 25 years. In her new role, O’Brien will be responsible for all aspects of the Legal, Compliance and Privacy departments, and will sit on Teleperformance’s executive committee. Prior to joining Teleperformance, O’Brien served for many years as external US counsel to Teleperformance, most recently as a partner at Latham & Watkins LLP and, before that, at Paul Hastings LLP, specializing in mergers and acquisitions and corporate securities matters. O’Brien has a Doctor of Law from the University of San Diego Law School, and a Bachelor of Science, Accounting, from San Diego State University. O’Brien is a member of the California bar and is a Certified Public Accountant. Annonce • Jun 20
Teleperformance SE Appoints Bhupender Singh as Deputy Chief Executive Officer Teleperformance announced that its Board of Directors has appointed Bhupender Singh as Deputy Chief Executive Officer. In addition to his current responsibilities of leading the group’s digital transformation, Bhupender will work closely with Daniel Julien, Teleperformance Founder, Chairman and CEO to lead the group’s Executive Committee, and to manage and develop the group’s multiple business services activities around the world. Olivier Rigaudy, Group Chief Financial Officer, will continue serving as Deputy Chief Executive Officer, in charge of finance. Bhupender is a graduate of the Indian Institute of Technology Delhi and the Indian Institute of Management Ahmedabad. Prior to Teleperformance, he served as the CEO of Intelenet, which was acquired by Teleperformance in 2018. Earlier in his career, Bhupender worked with leading global management consulting firms McKinsey & Company and Booz Allen Hamilton. During the past four years at Teleperformance he has served as President of the group’s digital transformation after integrating the Intelenet business into the broader group. Bhupender was also elected as a Director by Teleperformance’s shareholders in the meeting held on April 13, 2023. Annonce • Jun 13
Teleperformance Implements AI Solutions Leveraging ServiceNow Platform Teleperformance announced that it is deploying cloud-based artificial intelligence (AI) tools within ServiceNow, the leading digital workflow company, to enhance its employee experience, increase productivity and transform its operations. The new platform provides a more efficient and intuitive employee experience that allows Teleperformance employees to access a single simplified knowledge management system. Further, it enables the company's employees to automate certain transactional tasks in their workday, enabling employees to focus on higher-value activities. Annonce • May 31
Accenture, Teleperformance, Blackstone, BPEA EQT, KKR, Carlyle, Apax and Warburg Pincus Reportedly Interests for Potential Acquisition of Everise Global outsourcing firms such as Accenture plc (NYSE:ACN) and Teleperformance SE (ENXTPA:TEP) are competing with a clutch of private equity funds for potential acquisition of global ITeS firm Everise Holdings. The company, backed by Brookfield Asset Management, is expected to be valued at $1.3 billion, said multiple people aware of the development. Investment banks Morgan Stanley (NYSE:MS) and BNP Paribas SA (ENXTPA:BNP) are advising Brookfield in this potential transaction. Buyout funds such as Blackstone Inc. (NYSE:BX), BPEA EQT, KKR & Co. Inc. (NYSE:KKR), The Carlyle Group Inc. (NasdaqGS:CG), Apax Partners LLP and Warburg Pincus LLC are interested and non-binding bids are likely to be placed by early June, added sources. Spokespersons with Brookfield, KKR, Blackstone, Apax, BPEA EQT and Accenture declined to comment. Mails sent to Carlyle, Warburg Pincus and Teleperformance remained unanswered. Annonce • May 29
Teleperformance and Blackstone Reportedly Plans Separate Bids for Everise Holdings Teleperformance SE (ENXTPA:TEP) and Blackstone Inc. (NYSE:BX) are planning separate bids for Everise Holdings, an IT services business owned by Brookfield Asset Management, two people aware of the transaction said. Brookfield has hired Morgan Stanley (NYSE:MS) to conduct the sale and hopes to raise around $1.4 billion, the people cited above said on the condition of anonymity. The bids are due later this week and may see interest from other private equity firms as well. Spokespeople for Brookfield and Blackstone declined to comment. Teleperformance and Morgan Stanley did not respond to requests for comment. In 2016, Everstone Capital, along with Sunrise BPO, acquired C3 to create Everise. Everstone sold the business to Brookfield in 2020 for approximately $450 million, according to media reports. Everstone, which bought back a 20% stake from a different fund, did not respond to a request for comment. Annonce • May 23
Bronstein, Gewirtz & Grossman, LLC Notifies Teleperformance Se Investors of Class Action and to Actively Participate Bronstein, Gewirtz & Grossman, LLC notified investors that a class action lawsuit has been filed against Teleperformance SE and certain of its officers, on behalf of all persons and entities that purchased, or otherwise acquired Teleperformance American Depositary Receipts between July 29, 2020 and November 9, 2022, both dates inclusive. This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws. The Complaint alleges that defendants throughout the Class Period made false and/or misleading statements as well as failed to disclose that: Teleperformance’s growth in Core Services had been achieved, in part, by requiring its content moderators to engage in inappropriate, traumatic, abusive, and potentially criminal activities; certain Teleperformance social content moderators had been trained with materials which included illicit images of child sexual exploitation; contraband images had been included in Teleperformance Daily Required Reading reports for its content moderation staff; Teleperformance had failed to safeguard child sexual abuse material and had potentially violated strict rules governing the handling of such materials, including rules relating to the National Center for Missing & Exploited Children; Teleperformance had failed to provide adequate training or emotional and psychological support to content moderators exposed to egregious materials, including those exposed to extreme graphic violence and sexual images; Teleperformance had imposed unreasonable time and performance targets that compounded the occupational trauma suffered by its content moderators; Teleperformance had failed to implement or maintain the working conditions represented to investors, including by subjecting the Company’s content moderation workers to widespread occupational trauma without psychological support, and with paltry pay, punitive salary deductions, extensive surveillance, and aggressive union-busting tactics; as a result, Teleperformance was subject to a material, undisclosed risk of legal, regulatory, business, and reputational harm if the truth regarding the Company’s content moderation services, treatment of its content moderation workers, and handling of contraband materials was ever publicly revealed; and as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €175, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Professional Services industry in the United Kingdom. Total loss to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €297 per share. Upcoming Dividend • Apr 14
Upcoming dividend of €3.85 per share at 1.8% yield Eligible shareholders must have bought the stock before 21 April 2023. Payment date: 25 April 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (2.3%). Buying Opportunity • Mar 24
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 6.4%. The fair value is estimated to be €274, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Buying Opportunity • Mar 08
Now 21% undervalued Over the last 90 days, the stock is up 6.4%. The fair value is estimated to be €300, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Reported Earnings • Feb 20
Full year 2022 earnings released: EPS: €10.95 (vs €9.48 in FY 2021) Full year 2022 results: EPS: €10.95 (up from €9.48 in FY 2021). Revenue: €8.15b (up 15% from FY 2021). Net income: €645.0m (up 16% from FY 2021). Profit margin: 7.9% (up from 7.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Annonce • Feb 17
Teleperformance SE Provides Revenue Guidance for the Year 2023 Teleperformance SE provided revenue guidance for the year 2023. The company expects 2023 to be another year of sustained, profitable growth. Recurring like-for-like revenue growth of around +10% (excluding Covid support contracts). Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment deteriorated over the past week After last week's 34% share price decline to €174, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Professional Services 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 €333 per share. Annonce • Nov 04
Teleperformance SE to Report Fiscal Year 2022 Results on Feb 16, 2023 Teleperformance SE announced that they will report fiscal year 2022 results on Feb 16, 2023 Reported Earnings • Jul 28
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €255.0m from profit in 1H 2021). Profit margin: (down from 7.4% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 11%, compared to a 11% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 17% per year. Buying Opportunity • Jul 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.8%. The fair value is estimated to be €412, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 9.1% per annum. Earnings is also forecast to grow by 15% per annum over the same time period. Buying Opportunity • May 31
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 7.1%. The fair value is estimated to be €390, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 8.8% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Buying Opportunity • May 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.0%. The fair value is estimated to be €386, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 8.8% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Upcoming Dividend • Apr 19
Upcoming dividend of €3.30 per share Eligible shareholders must have bought the stock before 26 April 2022. Payment date: 28 April 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of British dividend payers (4.6%). Lower than average of industry peers (1.9%). Reported Earnings • Feb 18
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: €9.49 (up from €5.52 in FY 2020). Revenue: €7.13b (up 24% from FY 2020). Net income: €557.0m (up 72% from FY 2020). Profit margin: 7.8% (up from 5.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 6.8%, compared to a 10% growth forecast for the 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 increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Dec 29
Teleperformance SE (ENXTPA:TEP) agreed to acquire Senture, LLC from Kingswood Capital Management, LLC for an enterprise value of $400 million. Teleperformance SE (ENXTPA:TEP) agreed to acquire Senture, LLC from Kingswood Capital Management, LLC for an enterprise value of $400 million on December 28, 2021. The acquisition is fully financed through debt. Paul Hastings LLP acted as legal advisor to Teleperformance. The transaction is accretive to the earnings of Teleperformance on a pro forma basis for 2021. Goodwin Procter LLP acted as legal advisor while Robert W. Baird & Co. Incorporated acted as financial advisor to both Senture and Kingswood Capital Management. Reported Earnings • Jul 30
First half 2021 earnings released: EPS €4.34 (vs €1.07 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €3.43b (up 29% from 1H 2020). Net income: €255.0m (up 305% from 1H 2020). Profit margin: 7.4% (up from 2.4% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 20
Upcoming dividend of €2.40 per share Eligible shareholders must have bought the stock before 27 April 2021. Payment date: 29 April 2021. Trailing yield: 0.7%. Lower than top quartile of British dividend payers (4.1%). Lower than average of industry peers (1.9%). Reported Earnings • Feb 27
Full year 2020 earnings released: EPS €5.52 (vs €6.87 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €5.73b (up 7.0% from FY 2019). Net income: €324.0m (down 19% from FY 2019). Profit margin: 5.7% (down from 7.5% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 27
Revenue beats expectations Revenue exceeded analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 9.5%, compared to a 7.5% growth forecast for the Professional Services industry in the United Kingdom. Is New 90 Day High Low • Feb 13
New 90-day high: €295 The company is up 6.0% from its price of €278 on 13 November 2020. The British market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Professional Services industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €265 per share. Is New 90 Day High Low • Nov 06
New 90-day high: €290 The company is up 11% from its price of €260 on 07 August 2020. The British market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €151 per share. Is New 90 Day High Low • Sep 29
New 90-day high: €266 The company is up 17% from its price of €227 on 01 July 2020. The British market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €149 per share. 
