Teleperformance（RCF）株式概要テレパフォーマンスSEは、その子会社とともに、デジタル・ビジネス・サービス企業としてフランス国内および国際的に事業を展開している。 詳細RCF ファンダメンタル分析スノーフレーク・スコア評価5/6将来の成長1/6過去の実績2/6財務の健全性4/6配当金6/6報酬当社が推定した公正価値より71.1%で取引されている 収益は年間7.02%増加すると予測されています 7.29%の高配当で安定した配当金を支払う 同業他社や業界と比較して、良好な取引価格 リスク分析多額の負債を抱えている すべてのリスクチェックを見るRCF Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€61.5440.8% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture010b2016201920222025202620282031Revenue €10.5bEarnings €510.2mAdvancedSet Fair ValueView all narrativesTeleperformance SE 競合他社BilfingerSymbol: XTRA:GBFMarket cap: €3.8bVeteranpoolenSymbol: DB:QI5Market cap: €1.2bBefesaSymbol: XTRA:BFSAMarket cap: €1.4bCEWE Stiftung KGaASymbol: XTRA:CWCMarket cap: €632.5m価格と性能株価の高値、安値、推移の概要Teleperformance過去の株価現在の株価€61.5452週高値€98.5652週安値€45.61ベータ0.571ヶ月の変化24.40%3ヶ月変化17.85%1年変化-31.67%3年間の変化-59.90%5年間の変化-80.01%IPOからの変化26.24%最新ニュースお知らせ • Mar 23Teleperformance SE(ENXTPA:TEP) dropped from FTSE All-World Index (USD)Teleperformance SE(ENXTPA:TEP) dropped from FTSE All-World Index (USD)お知らせ • Feb 27+ 2 more updatesTeleperformance SE Proposes to Increase the Dividend, Payable on 28 May 2026Teleperformance SE announced proposal to increase the dividend from €4.20 to €4.50 per share, subject to shareholders’ approval at the upcoming Annual Meeting to be held on 21 May 2026. Ex-dividend date is 26 May 2026. Dividend payment date is 28 May 2026.お知らせ • Jan 13Teleperformance SE to Report Fiscal Year 2025 Results on Feb 26, 2026Teleperformance SE announced that they will report fiscal year 2025 results at 5:40 PM, Central European Standard Time on Feb 26, 2026お知らせ • Nov 06Teleperformance SE Updates Earnings Guidance for the Year 2025Teleperformance 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).お知らせ • Nov 05Teleperformance SE to Report Fiscal Year 2025 Results on Feb 26, 2026Teleperformance SE announced that they will report fiscal year 2025 results on Feb 26, 2026お知らせ • Jun 18+ 2 more updatesTP Launches TP.ai FAB (Foundational AI Backbone)TP unveils ‘Future Forward,’ its new strategic plan at a Capital Markets Day in New York City. ‘Future Forward’ is TP’s strategic initiative to become a next-generation, AI-enabled company. This encompasses fusing cutting-edge technology with human expertise to expand growth and deliver long-term value. By intelligently orchestrating AI with human empathy, judgement and expertise, TP aims to create competitive advantages for its clients through digital integrated business services. TP is launching TP.ai FAB (Foundational AI Backbone), a proprietary AI orchestrationplatform designed to seamlessly integrate artificial intelligence, human expertise, and automation at scale. TP.ai FAB will underpin TP’s three pillar growth strategy: growing the core business with AI: leveraging technology and AI to deliver enhanced client outcomes, strengthen value propositions, and accelerate growth. extending vertical plays: expanding industry-specific solutions, end-to-end AI-enabled offerings and scaling specialized services globally. unlocking new opportunities in AI: accelerating growth in markets across the AI value chain, focusing on data services, technology, consulting, and digital marketing. TP plans to significantly invest over the next three years to accelerate AI deployment supported by a strengthened leadership structure to drive execution. Together, these initiatives position TP to harness the full potential of its human and technological capabilities, expanding the Group’s total addressable market, including new markets, scaling high-margin business models and delivering meaningful value to clients.最新情報をもっと見るRecent updatesお知らせ • Mar 23Teleperformance SE(ENXTPA:TEP) dropped from FTSE All-World Index (USD)Teleperformance SE(ENXTPA:TEP) dropped from FTSE All-World Index (USD)お知らせ • Feb 27+ 2 more updatesTeleperformance SE Proposes to Increase the Dividend, Payable on 28 May 2026Teleperformance SE announced proposal to increase the dividend from €4.20 to €4.50 per share, subject to shareholders’ approval at the upcoming Annual Meeting to be held on 21 May 2026. Ex-dividend date is 26 May 2026. Dividend payment date is 28 May 2026.お知らせ • Jan 13Teleperformance SE to Report Fiscal Year 2025 Results on Feb 26, 2026Teleperformance SE announced that they will report fiscal year 2025 results at 5:40 PM, Central European Standard Time on Feb 26, 2026お知らせ • Nov 06Teleperformance SE Updates Earnings Guidance for the Year 2025Teleperformance 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).お知らせ • Nov 05Teleperformance SE to Report Fiscal Year 2025 Results on Feb 26, 2026Teleperformance SE announced that they will report fiscal year 2025 results on Feb 26, 2026お知らせ • Jun 18+ 2 more updatesTP Launches TP.ai FAB (Foundational AI Backbone)TP unveils ‘Future Forward,’ its new strategic plan at a Capital Markets Day in New York City. ‘Future Forward’ is TP’s strategic initiative to become a next-generation, AI-enabled company. This encompasses fusing cutting-edge technology with human expertise to expand growth and deliver long-term value. By intelligently orchestrating AI with human empathy, judgement and expertise, TP aims to create competitive advantages for its clients through digital integrated business services. TP is launching TP.ai FAB (Foundational AI Backbone), a proprietary AI orchestrationplatform designed to seamlessly integrate artificial intelligence, human expertise, and automation at scale. TP.ai FAB will underpin TP’s three pillar growth strategy: growing the core business with AI: leveraging technology and AI to deliver enhanced client outcomes, strengthen value propositions, and accelerate growth. extending vertical plays: expanding industry-specific solutions, end-to-end AI-enabled offerings and scaling specialized services globally. unlocking new opportunities in AI: accelerating growth in markets across the AI value chain, focusing on data services, technology, consulting, and digital marketing. TP plans to significantly invest over the next three years to accelerate AI deployment supported by a strengthened leadership structure to drive execution. Together, these initiatives position TP to harness the full potential of its human and technological capabilities, expanding the Group’s total addressable market, including new markets, scaling high-margin business models and delivering meaningful value to clients.お知らせ • May 21+ 1 more updateTeleperformance SE Approves Ratification of Board AppointmentsTeleperformance SE at its meeting held on May 21, 2025 approved ratification of the appointment of Mrs. Vera Songwe and Mr. Mehdi Ghissassi as directors. These appointments will continue to strengthen the Board’s diversity in terms of experience, expertise, notably in Artificial Intelligence, and nationalities.お知らせ • Apr 30Teleperformance SE to Report First Half, 2025 Results on Jul 31, 2025Teleperformance SE announced that they will report first half, 2025 results on Jul 31, 2025お知らせ • Apr 10Teleperformance SE, Annual General Meeting, May 22, 2025Teleperformance SE, Annual General Meeting, May 22, 2025. Location: cloud business center, 10 bis rue du quatre septembre, paris Franceお知らせ • Mar 01Teleperformance SE announces Annual dividend, payable on May 28, 2025Teleperformance 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.お知らせ • Nov 07+ 1 more updateTeleperformance SE Confirms Earnings Guidance for the Year 2024Teleperformance SE confirmed earnings guidance for the year 2024. For the year, the company expects pro forma revenue growth targets of between +2% and +4% for 2024, with an improvement in EBITA margin before non-recurring items of +10 to +20 basis points, and a sustained growth in net free cash flow allowing deleveraging below 2x.Valuation Update With 7 Day Price Move • Jul 08Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €115, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the Professional Services industry in Europe. Total loss to shareholders of 65% over the past three years.Upcoming Dividend • May 21Upcoming dividend of €3.85 per shareEligible 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 German dividend payers (4.6%). Higher than average of industry peers (2.3%).Valuation Update With 7 Day Price Move • May 07Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €99.36, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the Professional Services industry in Europe. Total loss to shareholders of 68% over the past three years.お知らせ • May 03Teleperformance Se Provides Earnings Guidance for the Full Year 2024Teleperformance SE provided earnings guidance for the full year 2024. for the year, the company expects pro-forma revenue growth of +2% to +4%.お知らせ • May 01Teleperformance SE to Report First Half, 2024 Results on Jul 30, 2024Teleperformance SE announced that they will report first half, 2024 results on Jul 30, 2024New Risk • Mar 08New minor risk - Financial positionThe 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 (9.3% average weekly change). Shareholders have been diluted in the past year (4.1% increase in shares outstanding).お知らせ • Mar 07Teleperformance SE Recommends Dividend for 2023, Payable on May 30, 2024Teleperformance 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 07Full 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 9.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Professional Services industry in Europe. 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 28% per year, which means it is significantly lagging earnings.お知らせ • Mar 07Teleperformance SE Provides Earnings Guidance for the First Quarter and Year 2024Teleperformance 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 29Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €113, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the Professional Services industry in Europe. Total loss to shareholders of 61% over the past three years.お知らせ • Feb 16Teleperformance Se Announces to Appoint Bhupender Singh as Sole Chief Executive Officer, Starting January 1, 2026Teleperformance 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.お知らせ • Jan 26Teleperformance Launches Digital Services Arm, TP Infinity, to Better Serve Clients Globally Through Consulting, Design and System Integration ServicesTeleperformance 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 25Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €151, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the Professional Services industry in Europe. Total loss to shareholders of 42% over the past three years.New Risk • Jan 21New minor risk - Shareholder dilutionThe 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). Share price has been volatile over the past 3 months (7.2% average weekly change). Shareholders have been diluted in the past year (7.3% increase in shares outstanding).お知らせ • Jan 09Teleperformance SE, Annual General Meeting, May 23, 2024Teleperformance SE, Annual General Meeting, May 23, 2024.お知らせ • Nov 07+ 1 more updateTeleperformance SE to Report Fiscal Year 2023 Results on Feb 28, 2024Teleperformance SE announced that they will report fiscal year 2023 results on Feb 28, 2024Valuation Update With 7 Day Price Move • Oct 28Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €98.92, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Professional Services industry in Europe. Total loss to shareholders of 60% over the past three years.お知らせ • Oct 18Teleperformance Launches TP Configuration, an Ai-Driven Platform to Enhance Service DeliveryTeleperformance 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.お知らせ • Oct 05Teleperformance Joins the AI Lighthouse ProgramTeleperformance 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.お知らせ • Sep 13Teleperformance Launches AI maturity Assessment Toolkit to Help Companies Evaluate Strategies for AI SuccessTeleperformance 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.お知らせ • Aug 03Teleperformance 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 28First 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 7.2% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Professional Services industry in Europe. 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.New Risk • Jul 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.7% 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. Currently, the following risks have been identified for the company: Minor Risks High level of debt (53% net debt to equity). Share price has been volatile over the past 3 months (6.7% average weekly change).お知らせ • Jun 27Teleperformance SE Announces Executive ChangesTeleperformance 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.お知らせ • Jun 20Teleperformance SE Appoints Bhupender Singh as Deputy Chief Executive OfficerTeleperformance 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.Valuation Update With 7 Day Price Move • Jun 15Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €161, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Professional Services industry in Europe. Total loss to shareholders of 22% over the past three years.お知らせ • Jun 13Teleperformance Implements AI Solutions Leveraging ServiceNow PlatformTeleperformance 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.お知らせ • May 31Accenture, Teleperformance, Blackstone, BPEA EQT, KKR, Carlyle, Apax and Warburg Pincus Reportedly Interests for Potential Acquisition of EveriseGlobal 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.お知らせ • May 29Teleperformance and Blackstone Reportedly Plans Separate Bids for Everise HoldingsTeleperformance 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.お知らせ • May 23Bronstein, Gewirtz & Grossman, LLC Notifies Teleperformance Se Investors of Class Action and to Actively ParticipateBronstein, 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 26Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €176, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Professional Services industry in Europe. Total loss to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €303 per share.Upcoming Dividend • Apr 14Upcoming dividend of €3.85 per share at 1.8% yieldEligible 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 German dividend payers (4.7%). Lower than average of industry peers (2.7%).Buying Opportunity • Mar 10Now 25% undervaluedOver the last 90 days, the stock is up 3.3%. The fair value is estimated to be €305, 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 20Full 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 4.9% growth forecast for the Professional Services industry in Europe. 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 3% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 17Teleperformance SE Provides Revenue Guidance for the Year 2023Teleperformance 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 11Investor sentiment deteriorated over the past weekAfter last week's 36% share price decline to €175, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Professional Services industry in Europe. Total loss to shareholders of 15% over the past three years.お知らせ • Nov 04Teleperformance SE to Report Fiscal Year 2022 Results on Feb 16, 2023Teleperformance SE announced that they will report fiscal year 2022 results on Feb 16, 2023Buying Opportunity • Jul 30Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 8.3%. The fair value is estimated to be €415, 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 21%. Revenue is forecast to grow by 22% in 2 years. Earnings is forecast to grow by 45% in the next 2 years.Reported Earnings • Jul 28First half 2022 earnings releasedFirst 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 10.0% growth forecast for the industry in Germany. 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 20% per year.Buying Opportunity • May 07Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 2.1%. The fair value is estimated to be €402, 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 19Upcoming dividend of €3.30 per shareEligible 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 German dividend payers (3.9%). Lower than average of industry peers (2.3%).Reported Earnings • Feb 18Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull 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 9.4% growth forecast for the industry in Germany. 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 28% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Jul 30First 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 20Upcoming dividend of €2.40 per shareEligible shareholders must have bought the stock before 27 April 2021. Payment date: 29 April 2021. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (2.0%).Reported Earnings • Feb 27Full 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 27Revenue beats expectationsRevenue exceeded analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 9.5%, compared to a 6.8% growth forecast for the Professional Services industry in Germany.Is New 90 Day High Low • Feb 13New 90-day high: €295The company is up 7.0% from its price of €276 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it 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 €274 per share.Is New 90 Day High Low • Jan 22New 90-day high: €289The company is up 9.0% from its price of €266 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Professional Services industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €226 per share.Is New 90 Day High Low • Nov 05New 90-day high: €288The company is up 12% from its price of €256 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €156 per share.Is New 90 Day High Low • Oct 03New 90-day high: €267The company is up 19% from its price of €225 on 03 July 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services 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 €154 per share.株主還元RCFDE Professional ServicesDE 市場7D13.2%1.5%-0.02%1Y-31.7%-0.5%0.1%株主還元を見る業界別リターン: RCF過去 1 年間で-0.5 % の収益を上げたGerman Professional Services業界を下回りました。リターン対市場: RCFは、過去 1 年間で0.1 % のリターンを上げたGerman市場を下回りました。価格変動Is RCF's price volatile compared to industry and market?RCF volatilityRCF Average Weekly Movement7.5%Professional Services Industry Average Movement5.7%Market Average Movement6.0%10% most volatile stocks in DE Market13.2%10% least volatile stocks in DE Market2.6%安定した株価: RCF 、 German市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: RCFの 週次ボラティリティ ( 7% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1910446,716Jorge Amarwww.tp.comテレパフォーマンスSEは、その子会社とともに、デジタル・ビジネス・サービス会社としてフランス国内および国際的に事業を展開している。コア・サービス部門と専門サービス部門で事業を展開している。同社は、顧客関係、技術支援、顧客獲得サービス、ビジネスプロセス管理、バックオフィスとデジタルプラットフォームサービス、オンライン通訳、ビザ申請管理、健康管理、採用プロセスアウトソーシングの助言と支援、売掛金債権管理サービスを提供している。また、デジタルCX、信頼と安全、人工知能、リアルタイム音声理解、StoryfAIアプリケーション、TPマイクロサービス、ビデオCX、バックオフィス処理、統合販売、財務・会計、スマートソーシング、在宅勤務、多言語サービス、広告販売、リバッジソリューション、高度分析、ビジネスプロセス最適化、業務改革コンサルティング、テクノロジーサービス、クレーム管理、回収サービス、通訳・翻訳、採用プロセスアウトソーシング、ビザ・領事サービス、ヘルスケアサポートも提供している。同社は、自動車、エネルギー・公共事業、メディア、政府、テクノロジー、旅行、ホスピタリティ、貨物、銀行・金融サービス、ヘルスケア、保険、小売・eコマース、テレコム、ビデオゲームなどの業界にサービスを提供している。テレパフォーマンスSEは1910年に設立され、フランスのパリに本社を置いている。もっと見るTeleperformance SE 基礎のまとめTeleperformance の収益と売上を時価総額と比較するとどうか。RCF 基礎統計学時価総額€3.59b収益（TTM）€497.00m売上高(TTM)€10.21b7.2xPER（株価収益率0.4xP/SレシオRCF は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計RCF 損益計算書（TTM）収益€10.21b売上原価€7.05b売上総利益€3.16bその他の費用€2.66b収益€497.00m直近の収益報告Dec 31, 2025次回決算日Jul 30, 2026一株当たり利益（EPS）8.55グロス・マージン30.95%純利益率4.87%有利子負債／自己資本比率102.2%RCF の長期的なパフォーマンスは？過去の実績と比較を見る配当金7.3%現在の配当利回り53%配当性向RCF 配当は確実ですか？RCF 配当履歴とベンチマークを見るRCF 、いつまでに購入すれば配当金を受け取れますか？Teleperformance 配当日配当落ち日May 26 2026配当支払日May 28 2026配当落ちまでの日数17 days配当支払日までの日数19 daysRCF 配当は確実ですか？RCF 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/07 09:19終値2026/05/07 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Teleperformance SE 15 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。31 アナリスト機関Carl RaynsfordBerenbergWilliam KirknessBernsteinLaurent GelebartBNP Paribas28 その他のアナリストを表示
お知らせ • Mar 23Teleperformance SE(ENXTPA:TEP) dropped from FTSE All-World Index (USD)Teleperformance SE(ENXTPA:TEP) dropped from FTSE All-World Index (USD)
お知らせ • Feb 27+ 2 more updatesTeleperformance SE Proposes to Increase the Dividend, Payable on 28 May 2026Teleperformance SE announced proposal to increase the dividend from €4.20 to €4.50 per share, subject to shareholders’ approval at the upcoming Annual Meeting to be held on 21 May 2026. Ex-dividend date is 26 May 2026. Dividend payment date is 28 May 2026.
お知らせ • Jan 13Teleperformance SE to Report Fiscal Year 2025 Results on Feb 26, 2026Teleperformance SE announced that they will report fiscal year 2025 results at 5:40 PM, Central European Standard Time on Feb 26, 2026
お知らせ • Nov 06Teleperformance SE Updates Earnings Guidance for the Year 2025Teleperformance 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).
お知らせ • Nov 05Teleperformance SE to Report Fiscal Year 2025 Results on Feb 26, 2026Teleperformance SE announced that they will report fiscal year 2025 results on Feb 26, 2026
お知らせ • Jun 18+ 2 more updatesTP Launches TP.ai FAB (Foundational AI Backbone)TP unveils ‘Future Forward,’ its new strategic plan at a Capital Markets Day in New York City. ‘Future Forward’ is TP’s strategic initiative to become a next-generation, AI-enabled company. This encompasses fusing cutting-edge technology with human expertise to expand growth and deliver long-term value. By intelligently orchestrating AI with human empathy, judgement and expertise, TP aims to create competitive advantages for its clients through digital integrated business services. TP is launching TP.ai FAB (Foundational AI Backbone), a proprietary AI orchestrationplatform designed to seamlessly integrate artificial intelligence, human expertise, and automation at scale. TP.ai FAB will underpin TP’s three pillar growth strategy: growing the core business with AI: leveraging technology and AI to deliver enhanced client outcomes, strengthen value propositions, and accelerate growth. extending vertical plays: expanding industry-specific solutions, end-to-end AI-enabled offerings and scaling specialized services globally. unlocking new opportunities in AI: accelerating growth in markets across the AI value chain, focusing on data services, technology, consulting, and digital marketing. TP plans to significantly invest over the next three years to accelerate AI deployment supported by a strengthened leadership structure to drive execution. Together, these initiatives position TP to harness the full potential of its human and technological capabilities, expanding the Group’s total addressable market, including new markets, scaling high-margin business models and delivering meaningful value to clients.
お知らせ • Mar 23Teleperformance SE(ENXTPA:TEP) dropped from FTSE All-World Index (USD)Teleperformance SE(ENXTPA:TEP) dropped from FTSE All-World Index (USD)
お知らせ • Feb 27+ 2 more updatesTeleperformance SE Proposes to Increase the Dividend, Payable on 28 May 2026Teleperformance SE announced proposal to increase the dividend from €4.20 to €4.50 per share, subject to shareholders’ approval at the upcoming Annual Meeting to be held on 21 May 2026. Ex-dividend date is 26 May 2026. Dividend payment date is 28 May 2026.
お知らせ • Jan 13Teleperformance SE to Report Fiscal Year 2025 Results on Feb 26, 2026Teleperformance SE announced that they will report fiscal year 2025 results at 5:40 PM, Central European Standard Time on Feb 26, 2026
お知らせ • Nov 06Teleperformance SE Updates Earnings Guidance for the Year 2025Teleperformance 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).
お知らせ • Nov 05Teleperformance SE to Report Fiscal Year 2025 Results on Feb 26, 2026Teleperformance SE announced that they will report fiscal year 2025 results on Feb 26, 2026
お知らせ • Jun 18+ 2 more updatesTP Launches TP.ai FAB (Foundational AI Backbone)TP unveils ‘Future Forward,’ its new strategic plan at a Capital Markets Day in New York City. ‘Future Forward’ is TP’s strategic initiative to become a next-generation, AI-enabled company. This encompasses fusing cutting-edge technology with human expertise to expand growth and deliver long-term value. By intelligently orchestrating AI with human empathy, judgement and expertise, TP aims to create competitive advantages for its clients through digital integrated business services. TP is launching TP.ai FAB (Foundational AI Backbone), a proprietary AI orchestrationplatform designed to seamlessly integrate artificial intelligence, human expertise, and automation at scale. TP.ai FAB will underpin TP’s three pillar growth strategy: growing the core business with AI: leveraging technology and AI to deliver enhanced client outcomes, strengthen value propositions, and accelerate growth. extending vertical plays: expanding industry-specific solutions, end-to-end AI-enabled offerings and scaling specialized services globally. unlocking new opportunities in AI: accelerating growth in markets across the AI value chain, focusing on data services, technology, consulting, and digital marketing. TP plans to significantly invest over the next three years to accelerate AI deployment supported by a strengthened leadership structure to drive execution. Together, these initiatives position TP to harness the full potential of its human and technological capabilities, expanding the Group’s total addressable market, including new markets, scaling high-margin business models and delivering meaningful value to clients.
お知らせ • May 21+ 1 more updateTeleperformance SE Approves Ratification of Board AppointmentsTeleperformance SE at its meeting held on May 21, 2025 approved ratification of the appointment of Mrs. Vera Songwe and Mr. Mehdi Ghissassi as directors. These appointments will continue to strengthen the Board’s diversity in terms of experience, expertise, notably in Artificial Intelligence, and nationalities.
お知らせ • Apr 30Teleperformance SE to Report First Half, 2025 Results on Jul 31, 2025Teleperformance SE announced that they will report first half, 2025 results on Jul 31, 2025
お知らせ • Apr 10Teleperformance SE, Annual General Meeting, May 22, 2025Teleperformance SE, Annual General Meeting, May 22, 2025. Location: cloud business center, 10 bis rue du quatre septembre, paris France
お知らせ • Mar 01Teleperformance SE announces Annual dividend, payable on May 28, 2025Teleperformance 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.
お知らせ • Nov 07+ 1 more updateTeleperformance SE Confirms Earnings Guidance for the Year 2024Teleperformance SE confirmed earnings guidance for the year 2024. For the year, the company expects pro forma revenue growth targets of between +2% and +4% for 2024, with an improvement in EBITA margin before non-recurring items of +10 to +20 basis points, and a sustained growth in net free cash flow allowing deleveraging below 2x.
Valuation Update With 7 Day Price Move • Jul 08Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €115, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the Professional Services industry in Europe. Total loss to shareholders of 65% over the past three years.
Upcoming Dividend • May 21Upcoming dividend of €3.85 per shareEligible 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 German dividend payers (4.6%). Higher than average of industry peers (2.3%).
Valuation Update With 7 Day Price Move • May 07Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €99.36, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the Professional Services industry in Europe. Total loss to shareholders of 68% over the past three years.
お知らせ • May 03Teleperformance Se Provides Earnings Guidance for the Full Year 2024Teleperformance SE provided earnings guidance for the full year 2024. for the year, the company expects pro-forma revenue growth of +2% to +4%.
お知らせ • May 01Teleperformance SE to Report First Half, 2024 Results on Jul 30, 2024Teleperformance SE announced that they will report first half, 2024 results on Jul 30, 2024
New Risk • Mar 08New minor risk - Financial positionThe 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 (9.3% average weekly change). Shareholders have been diluted in the past year (4.1% increase in shares outstanding).
お知らせ • Mar 07Teleperformance SE Recommends Dividend for 2023, Payable on May 30, 2024Teleperformance 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 07Full 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 9.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Professional Services industry in Europe. 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 28% per year, which means it is significantly lagging earnings.
お知らせ • Mar 07Teleperformance SE Provides Earnings Guidance for the First Quarter and Year 2024Teleperformance 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 29Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €113, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the Professional Services industry in Europe. Total loss to shareholders of 61% over the past three years.
お知らせ • Feb 16Teleperformance Se Announces to Appoint Bhupender Singh as Sole Chief Executive Officer, Starting January 1, 2026Teleperformance 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.
お知らせ • Jan 26Teleperformance Launches Digital Services Arm, TP Infinity, to Better Serve Clients Globally Through Consulting, Design and System Integration ServicesTeleperformance 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 25Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €151, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the Professional Services industry in Europe. Total loss to shareholders of 42% over the past three years.
New Risk • Jan 21New minor risk - Shareholder dilutionThe 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). Share price has been volatile over the past 3 months (7.2% average weekly change). Shareholders have been diluted in the past year (7.3% increase in shares outstanding).
お知らせ • Jan 09Teleperformance SE, Annual General Meeting, May 23, 2024Teleperformance SE, Annual General Meeting, May 23, 2024.
お知らせ • Nov 07+ 1 more updateTeleperformance SE to Report Fiscal Year 2023 Results on Feb 28, 2024Teleperformance SE announced that they will report fiscal year 2023 results on Feb 28, 2024
Valuation Update With 7 Day Price Move • Oct 28Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €98.92, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Professional Services industry in Europe. Total loss to shareholders of 60% over the past three years.
お知らせ • Oct 18Teleperformance Launches TP Configuration, an Ai-Driven Platform to Enhance Service DeliveryTeleperformance 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.
お知らせ • Oct 05Teleperformance Joins the AI Lighthouse ProgramTeleperformance 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.
お知らせ • Sep 13Teleperformance Launches AI maturity Assessment Toolkit to Help Companies Evaluate Strategies for AI SuccessTeleperformance 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.
お知らせ • Aug 03Teleperformance 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 28First 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 7.2% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Professional Services industry in Europe. 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.
New Risk • Jul 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.7% 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. Currently, the following risks have been identified for the company: Minor Risks High level of debt (53% net debt to equity). Share price has been volatile over the past 3 months (6.7% average weekly change).
お知らせ • Jun 27Teleperformance SE Announces Executive ChangesTeleperformance 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.
お知らせ • Jun 20Teleperformance SE Appoints Bhupender Singh as Deputy Chief Executive OfficerTeleperformance 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.
Valuation Update With 7 Day Price Move • Jun 15Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €161, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Professional Services industry in Europe. Total loss to shareholders of 22% over the past three years.
お知らせ • Jun 13Teleperformance Implements AI Solutions Leveraging ServiceNow PlatformTeleperformance 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.
お知らせ • May 31Accenture, Teleperformance, Blackstone, BPEA EQT, KKR, Carlyle, Apax and Warburg Pincus Reportedly Interests for Potential Acquisition of EveriseGlobal 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.
お知らせ • May 29Teleperformance and Blackstone Reportedly Plans Separate Bids for Everise HoldingsTeleperformance 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.
お知らせ • May 23Bronstein, Gewirtz & Grossman, LLC Notifies Teleperformance Se Investors of Class Action and to Actively ParticipateBronstein, 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 26Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €176, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Professional Services industry in Europe. Total loss to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €303 per share.
Upcoming Dividend • Apr 14Upcoming dividend of €3.85 per share at 1.8% yieldEligible 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 German dividend payers (4.7%). Lower than average of industry peers (2.7%).
Buying Opportunity • Mar 10Now 25% undervaluedOver the last 90 days, the stock is up 3.3%. The fair value is estimated to be €305, 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 20Full 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 4.9% growth forecast for the Professional Services industry in Europe. 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 3% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 17Teleperformance SE Provides Revenue Guidance for the Year 2023Teleperformance 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 11Investor sentiment deteriorated over the past weekAfter last week's 36% share price decline to €175, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Professional Services industry in Europe. Total loss to shareholders of 15% over the past three years.
お知らせ • Nov 04Teleperformance SE to Report Fiscal Year 2022 Results on Feb 16, 2023Teleperformance SE announced that they will report fiscal year 2022 results on Feb 16, 2023
Buying Opportunity • Jul 30Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 8.3%. The fair value is estimated to be €415, 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 21%. Revenue is forecast to grow by 22% in 2 years. Earnings is forecast to grow by 45% in the next 2 years.
Reported Earnings • Jul 28First half 2022 earnings releasedFirst 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 10.0% growth forecast for the industry in Germany. 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 20% per year.
Buying Opportunity • May 07Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 2.1%. The fair value is estimated to be €402, 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 19Upcoming dividend of €3.30 per shareEligible 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 German dividend payers (3.9%). Lower than average of industry peers (2.3%).
Reported Earnings • Feb 18Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull 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 9.4% growth forecast for the industry in Germany. 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 28% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Jul 30First 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 20Upcoming dividend of €2.40 per shareEligible shareholders must have bought the stock before 27 April 2021. Payment date: 29 April 2021. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (2.0%).
Reported Earnings • Feb 27Full 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 27Revenue beats expectationsRevenue exceeded analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 9.5%, compared to a 6.8% growth forecast for the Professional Services industry in Germany.
Is New 90 Day High Low • Feb 13New 90-day high: €295The company is up 7.0% from its price of €276 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it 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 €274 per share.
Is New 90 Day High Low • Jan 22New 90-day high: €289The company is up 9.0% from its price of €266 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Professional Services industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €226 per share.
Is New 90 Day High Low • Nov 05New 90-day high: €288The company is up 12% from its price of €256 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €156 per share.
Is New 90 Day High Low • Oct 03New 90-day high: €267The company is up 19% from its price of €225 on 03 July 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services 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 €154 per share.
