View Future GrowthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsVisiativ 過去の業績この会社の最新の決算報告書はまだ処理中です過去 基準チェック /26Visiativは、平均年間35.3%の収益成長を遂げていますが、 IT業界の収益は、年間 成長しています。収益は、平均年間6.1% 10%収益成長率で 成長しています。 Visiativの自己資本利益率は13.6%であり、純利益率は3.5%です。主要情報35.27%収益成長率32.13%EPS成長率IT 業界の成長13.97%収益成長率10.04%株主資本利益率13.64%ネット・マージン3.47%次回の業績アップデート24 Mar 2025最近の業績更新Reported Earnings • Mar 24Full year 2023 earnings releasedFull year 2023 results: Revenue: €277.5m (up 3.6% from FY 2022). Net income: €10.0m (down 9.9% from FY 2022). Profit margin: 3.6% (down from 4.1% in FY 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the IT industry in Germany.お知らせ • Jan 10+ 2 more updatesVisiativ SA to Report Fiscal Year 2024 Results on Mar 24, 2025Visiativ SA announced that they will report fiscal year 2024 results on Mar 24, 2025Reported Earnings • Oct 01First half 2023 earnings released: EPS: €0.75 (vs €0.27 in 1H 2022)First half 2023 results: EPS: €0.75 (up from €0.27 in 1H 2022). Revenue: €127.7m (up 12% from 1H 2022). Net income: €3.40m (up 183% from 1H 2022). Profit margin: 2.7% (up from 1.0% in 1H 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Reported Earnings • Oct 02First half 2022 earnings released: EPS: €0.27 (vs €0.25 in 1H 2021)First half 2022 results: EPS: €0.27 (up from €0.25 in 1H 2021). Revenue: €115.7m (up 21% from 1H 2021). Net income: €1.20m (up 9.1% from 1H 2021). Profit margin: 1.0% (in line with 1H 2021). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Reported Earnings • Sep 28First half 2021 earnings releasedThe company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €91.7m (up 7.1% from 1H 2020). Net income: €1.10m (up €5.44m from 1H 2020). Profit margin: 1.2% (up from net loss in 1H 2020).Reported Earnings • Apr 28Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €189.9m (down 8.7% from FY 2019). Net income: €1.50m (down 43% from FY 2019). Profit margin: 0.8% (down from 1.3% in FY 2019).すべての更新を表示Recent updatesReported Earnings • Mar 24Full year 2023 earnings releasedFull year 2023 results: Revenue: €277.5m (up 3.6% from FY 2022). Net income: €10.0m (down 9.9% from FY 2022). Profit margin: 3.6% (down from 4.1% in FY 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the IT industry in Germany.お知らせ • Mar 20Visiativ SA (ENXTPA:ALVIV) acquired Solid Applications Limited.Visiativ SA (ENXTPA:ALVIV) acquired Solid Applications Limited on January 1, 2024. In 2023, SOLID Applications generated sales of £2 million. The acquisition of 100% of the share capital of Solid Applications Limited, financed entirely in cash.Visiativ SA (ENXTPA:ALVIV) completed the acquisition of Solid Applications Limited on January 1, 2024.Valuation Update With 7 Day Price Move • Feb 13Investor sentiment improves as stock rises 29%After last week's 29% share price gain to €35.00, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the IT industry in Germany. Total returns to shareholders of 80% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €23.19 per share.Buy Or Sell Opportunity • Feb 13Now 51% overvalued after recent price riseOver the last 90 days, the stock has risen 75% to €35.00. The fair value is estimated to be €23.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 50%. Revenue is forecast to grow by 7.4% in 2 years. Earnings are forecast to grow by 3.0% in the next 2 years.お知らせ • Jan 10+ 2 more updatesVisiativ SA to Report Fiscal Year 2024 Results on Mar 24, 2025Visiativ SA announced that they will report fiscal year 2024 results on Mar 24, 2025New Risk • Oct 28New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €94.1m (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.1% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (€94.1m market cap, or US$99.5m).お知らせ • Oct 10Visiativ SA (ENXTPA:ALVIV) agreed to acquire 1Life Group.Visiativ SA (ENXTPA:ALVIV) agreed to acquire 1Life Group on October 9, 2023. Financed entirely in cash, the acquisition of 60% of 1Life's capital will be consolidated in Visiativ's financial statements during Q4 2023. 1Life achieved revenue of €10 million in 2022. The transaction is expected to close in the weeks ahead.Reported Earnings • Oct 01First half 2023 earnings released: EPS: €0.75 (vs €0.27 in 1H 2022)First half 2023 results: EPS: €0.75 (up from €0.27 in 1H 2022). Revenue: €127.7m (up 12% from 1H 2022). Net income: €3.40m (up 183% from 1H 2022). Profit margin: 2.7% (up from 1.0% in 1H 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Sep 25Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €26.70, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the IT industry in Germany. Total returns to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €38.78 per share.Buying Opportunity • Sep 21Now 31% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be €39.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 56%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.お知らせ • Aug 07Visiativ SA (ENXTPA:ALVIV) agreed to acquire All The Assets And Employees Of Techform.Visiativ SA (ENXTPA:ALVIV) agreed to acquire All The Assets And Employees Of Techform on August 7, 2023. This acquisition will strengthen the Visiativ Innovation Platform offered to industrial SMEs and mid-sized companies. The takeover has been welcomed by Techform's employees and customers, reassured by Visiativ's solidity. Visiativ announces it has been chosen by Toulouse Commercial Court to take over all the assets and employees of Techform. Laurent Fiard of Visiativ welcomes TECHFORM teams to Visiativ and be able to offer TECHFORM CPQ solutions to all our SME customers. The strong complementarity of Techform's and Visiativ's respective customer portfolios will contribute to achieving significant commercial synergies. The acquisition is financed entirely in cash. The acquisition of the assets of Techform, which will be consolidated in the second half of 2023.お知らせ • Aug 01Visiativ SA (ENXTPA:ALVIV) acquired 90% stake in Ebm Gmbh.Visiativ SA (ENXTPA:ALVIV) acquired 90% stake in Ebm Gmbh on July 1, 2023. Transaction is financed entirely in cash. Visiativ SA (ENXTPA:ALVIV) completed the acquisition of 90% stake in Ebm Gmbh on July 1, 2023.Buying Opportunity • Jul 14Now 21% undervaluedOver the last 90 days, the stock is up 11%. The fair value is estimated to be €41.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 56%. For the next 3 years, revenue is forecast to grow by 5.0% per annum. Earnings is also forecast to grow by 14% per annum over the same time period.Upcoming Dividend • May 29Upcoming dividend of €1.10 per share at 3.7% yieldEligible shareholders must have bought the stock before 05 June 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.3%).Valuation Update With 7 Day Price Move • Jan 26Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €36.00, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 20x in the IT industry in Germany. Total returns to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €66.64 per share.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. Independent Director Sylvie Guinard was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Oct 13Visiativ SA (ENXTPA:ALVIV) agreed to acquire AbsisKey S.A.S.Visiativ SA (ENXTPA:ALVIV) agreed to acquire AbsisKey S.A.S. on October 11, 2022. Post this acquisition Visiativ will have more than 1000 costumers in France for its consulting business. Visativ will start new consulting hub in Poland (Warsaw). Absiskey generated revenue of €8.5m in 2021. François Chollet the current President of Absiskey will continue the development of activities within Visiativ, alongside the main managers of the consulting business. This acquisition remains subject to an information-consultation procedure with employee representative bodies of the companies involved. The transaction is expected to completed in upcoming weeks and Visiativ will consolidate AbsisKey before Q4 2022.Reported Earnings • Oct 02First half 2022 earnings released: EPS: €0.27 (vs €0.25 in 1H 2021)First half 2022 results: EPS: €0.27 (up from €0.25 in 1H 2021). Revenue: €115.7m (up 21% from 1H 2021). Net income: €1.20m (up 9.1% from 1H 2021). Profit margin: 1.0% (in line with 1H 2021). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.お知らせ • Sep 08Visiativ SA (ENXTPA:ALVIV) and VERTICAL SQUARE SAS agreed to acquire 3c-evolution.Visiativ SA (ENXTPA:ALVIV) and VERTICAL SQUARE SAS agreed to acquire 3c-evolution on September 6, 2022. This 50/50 acquisition by Groupe Vertical and Visiativ ensures a long-term commitment to the joint industrial project that consists in developing a global digital e-commerce offering for industrial SMEs in France and Europe.お知らせ • Jul 27Visiativ SA (ENXTPA:ALVIV) acquired 68 percent stake in Daxium SAS.Visiativ SA (ENXTPA:ALVIV) acquired 68 percent stake in Daxium SAS on July 26, 2022. The completion took place alongside its founder and CEO Yann de Saint Vaulry, and key managers. Visiativ SA (ENXTPA:ALVIV) completed the acquisition of 68 percent stake in Daxium SAS on July 26, 2022.お知らせ • Jul 20Visiativ SA (ENXTPA:ALVIV) acquired Braithwaite Technology Consultants Inc.Visiativ SA (ENXTPA:ALVIV) acquired Braithwaite Technology Consultants Inc. on July 1, 2022. The acquisition of 100% of the capital of Braithwaite, which will be consolidated from 1 July 2022, was agreed to be fully funded from cash. Braithwaite generated revenue of around CAD 2.5 million in 2021. Visiativ SA (ENXTPA:ALVIV) completed the acquisition of Braithwaite Technology Consultants Inc. on July 1, 2022.お知らせ • May 24Visiativ SA (ENXTPA:ALVIV) acquired Mb Cad Gmbh.Visiativ SA (ENXTPA:ALVIV) acquired Mb Cad Gmbh on May 23, 2022. The acquisition of 100% of the capital of MB CAD, which will be consolidated from June 1, 2022, was fully funded from cash. MB CAD generated revenue around €8m in 2021. Visiativ SA (ENXTPA:ALVIV) completed the acquisition of Mb Cad Gmbh on May 23, 2022.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Independent Director Daniel Derderian was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Valuation Update With 7 Day Price Move • Mar 15Investor sentiment improved over the past weekAfter last week's 17% share price gain to €27.80, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 27x in the IT industry in Germany. Total returns to shareholders of 14% over the past three years.Reported Earnings • Sep 28First half 2021 earnings releasedThe company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €91.7m (up 7.1% from 1H 2020). Net income: €1.10m (up €5.44m from 1H 2020). Profit margin: 1.2% (up from net loss in 1H 2020).お知らせ • Jul 07Visiativ SA (ENXTPA:ALVIV) acquired Ma-Sauvegarde from its founding president Hervé Favre.Visiativ SA (ENXTPA:ALVIV) acquired Ma-Sauvegarde from its founding president Hervé Favre on July 5, 2021. Ma-Sauvegarde reports turnover of approximately €1 million. Visiativ SA (ENXTPA:ALVIV) completed the acquisition of Ma-Sauvegarde from its founding president Hervé Favre on July 5, 2021.お知らせ • Jun 15Visiativ SA has completed a Follow-on Equity Offering in the amount of €7.00444 million.Visiativ SA has completed a Follow-on Equity Offering in the amount of €7.00444 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 350,222 Price\Range: €20Reported Earnings • Apr 28Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €189.9m (down 8.7% from FY 2019). Net income: €1.50m (down 43% from FY 2019). Profit margin: 0.8% (down from 1.3% in FY 2019).Reported Earnings • Mar 28Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €189.9m (down 8.7% from FY 2019). Net income: €1.50m (down 43% from FY 2019). Profit margin: 0.8% (down from 1.3% in FY 2019).Is New 90 Day High Low • Mar 02New 90-day low: €18.64The company is down 1.0% from its price of €18.74 on 02 December 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.24 per share.Valuation Update With 7 Day Price Move • Jan 12Investor sentiment improved over the past weekAfter last week's 21% share price gain to €23.70, the stock is trading at a trailing P/E ratio of 51.8x, up from the previous P/E ratio of 42.7x. This compares to an average P/E of 30x in the IT industry in Germany. Total return to shareholders over the past three years is a loss of 51%.Is New 90 Day High Low • Jan 09New 90-day high: €21.85The company is up 8.0% from its price of €20.15 on 09 October 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €20.86 per share.Is New 90 Day High Low • Dec 16New 90-day high: €21.45The company is up 2.0% from its price of €21.00 on 17 September 2020. The German market is also up 2.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the IT industry, which is down 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.10 per share.Valuation Update With 7 Day Price Move • Oct 29Market pulls back on stock over the past weekAfter last week's 20% share price decline to €16.88, the stock is trading at a trailing P/E ratio of 34.1x, down from the previous P/E ratio of 42.4x. This compares to an average P/E of 26x in the IT industry in Germany. Total return to shareholders over the past three years is a loss of 59%.Is New 90 Day High Low • Oct 27New 90-day low: €17.30The company is down 4.0% from its price of €18.02 on 29 July 2020. The German market is also down 4.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the IT industry, which is down 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.33 per share.Reported Earnings • Oct 02First half earnings releasedOver the last 12 months the company has reported total profits of €1.74m, down 50% from the prior year. Total revenue was €206.6m over the last 12 months, up 9.8% from the prior year.収支内訳Visiativ の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史DB:16V 収益、費用、利益 ( )EUR Millions日付収益収益G+A経費研究開発費31 Dec 23289100030 Sep 23285120030 Jun 23281130031 Mar 23274120031 Dec 22268110030 Sep 22254100030 Jun 22241100031 Mar 22232100031 Dec 21222100030 Sep 2121580030 Jun 2120870031 Mar 2120340031 Dec 2019720030 Sep 2020220030 Jun 2020720031 Mar 2020720031 Dec 1920830030 Sep 1919830030 Jun 1918830031 Mar 1917730031 Dec 1816730030 Sep 1815120030 Jun 1813610031 Mar 1813230031 Dec 1712750030 Sep 1712250030 Jun 1711850031 Mar 1711350031 Dec 1610840030 Sep 1610630030 Jun 1610421031 Mar 169411031 Dec 158400030 Sep 1570-11030 Jun 1557-20031 Mar 1554-20031 Dec 1451-30030 Sep 1451-10030 Jun 145100031 Mar 145100031 Dec 1351000質の高い収益: 16Vは 高品質の収益 を持っています。利益率の向上: 16Vの現在の純利益率 (3.5%)は、昨年(4.1%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 16Vの収益は過去 5 年間で年間35.3%増加しました。成長の加速: 16Vは過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: 16Vは過去 1 年間で収益成長率がマイナス ( -9.9% ) となったため、 IT業界平均 ( 4.2% ) と比較することが困難です。株主資本利益率高いROE: 16Vの 自己資本利益率 ( 13.6% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YSoftware 、過去の業績が好調な企業。View Financial Health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2024/09/27 05:21終値2024/08/15 00:00収益2023/12/31年間収益2023/12/31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Visiativ SA 1 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。2 アナリスト機関Alexandre PlaudCIC Market Solutions (ESN)Gabrielle AgnusIn Extenso Financement & Marché
Reported Earnings • Mar 24Full year 2023 earnings releasedFull year 2023 results: Revenue: €277.5m (up 3.6% from FY 2022). Net income: €10.0m (down 9.9% from FY 2022). Profit margin: 3.6% (down from 4.1% in FY 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the IT industry in Germany.
お知らせ • Jan 10+ 2 more updatesVisiativ SA to Report Fiscal Year 2024 Results on Mar 24, 2025Visiativ SA announced that they will report fiscal year 2024 results on Mar 24, 2025
Reported Earnings • Oct 01First half 2023 earnings released: EPS: €0.75 (vs €0.27 in 1H 2022)First half 2023 results: EPS: €0.75 (up from €0.27 in 1H 2022). Revenue: €127.7m (up 12% from 1H 2022). Net income: €3.40m (up 183% from 1H 2022). Profit margin: 2.7% (up from 1.0% in 1H 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Oct 02First half 2022 earnings released: EPS: €0.27 (vs €0.25 in 1H 2021)First half 2022 results: EPS: €0.27 (up from €0.25 in 1H 2021). Revenue: €115.7m (up 21% from 1H 2021). Net income: €1.20m (up 9.1% from 1H 2021). Profit margin: 1.0% (in line with 1H 2021). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Sep 28First half 2021 earnings releasedThe company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €91.7m (up 7.1% from 1H 2020). Net income: €1.10m (up €5.44m from 1H 2020). Profit margin: 1.2% (up from net loss in 1H 2020).
Reported Earnings • Apr 28Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €189.9m (down 8.7% from FY 2019). Net income: €1.50m (down 43% from FY 2019). Profit margin: 0.8% (down from 1.3% in FY 2019).
Reported Earnings • Mar 24Full year 2023 earnings releasedFull year 2023 results: Revenue: €277.5m (up 3.6% from FY 2022). Net income: €10.0m (down 9.9% from FY 2022). Profit margin: 3.6% (down from 4.1% in FY 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the IT industry in Germany.
お知らせ • Mar 20Visiativ SA (ENXTPA:ALVIV) acquired Solid Applications Limited.Visiativ SA (ENXTPA:ALVIV) acquired Solid Applications Limited on January 1, 2024. In 2023, SOLID Applications generated sales of £2 million. The acquisition of 100% of the share capital of Solid Applications Limited, financed entirely in cash.Visiativ SA (ENXTPA:ALVIV) completed the acquisition of Solid Applications Limited on January 1, 2024.
Valuation Update With 7 Day Price Move • Feb 13Investor sentiment improves as stock rises 29%After last week's 29% share price gain to €35.00, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the IT industry in Germany. Total returns to shareholders of 80% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €23.19 per share.
Buy Or Sell Opportunity • Feb 13Now 51% overvalued after recent price riseOver the last 90 days, the stock has risen 75% to €35.00. The fair value is estimated to be €23.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 50%. Revenue is forecast to grow by 7.4% in 2 years. Earnings are forecast to grow by 3.0% in the next 2 years.
お知らせ • Jan 10+ 2 more updatesVisiativ SA to Report Fiscal Year 2024 Results on Mar 24, 2025Visiativ SA announced that they will report fiscal year 2024 results on Mar 24, 2025
New Risk • Oct 28New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €94.1m (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.1% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (€94.1m market cap, or US$99.5m).
お知らせ • Oct 10Visiativ SA (ENXTPA:ALVIV) agreed to acquire 1Life Group.Visiativ SA (ENXTPA:ALVIV) agreed to acquire 1Life Group on October 9, 2023. Financed entirely in cash, the acquisition of 60% of 1Life's capital will be consolidated in Visiativ's financial statements during Q4 2023. 1Life achieved revenue of €10 million in 2022. The transaction is expected to close in the weeks ahead.
Reported Earnings • Oct 01First half 2023 earnings released: EPS: €0.75 (vs €0.27 in 1H 2022)First half 2023 results: EPS: €0.75 (up from €0.27 in 1H 2022). Revenue: €127.7m (up 12% from 1H 2022). Net income: €3.40m (up 183% from 1H 2022). Profit margin: 2.7% (up from 1.0% in 1H 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Sep 25Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €26.70, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the IT industry in Germany. Total returns to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €38.78 per share.
Buying Opportunity • Sep 21Now 31% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be €39.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 56%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.
お知らせ • Aug 07Visiativ SA (ENXTPA:ALVIV) agreed to acquire All The Assets And Employees Of Techform.Visiativ SA (ENXTPA:ALVIV) agreed to acquire All The Assets And Employees Of Techform on August 7, 2023. This acquisition will strengthen the Visiativ Innovation Platform offered to industrial SMEs and mid-sized companies. The takeover has been welcomed by Techform's employees and customers, reassured by Visiativ's solidity. Visiativ announces it has been chosen by Toulouse Commercial Court to take over all the assets and employees of Techform. Laurent Fiard of Visiativ welcomes TECHFORM teams to Visiativ and be able to offer TECHFORM CPQ solutions to all our SME customers. The strong complementarity of Techform's and Visiativ's respective customer portfolios will contribute to achieving significant commercial synergies. The acquisition is financed entirely in cash. The acquisition of the assets of Techform, which will be consolidated in the second half of 2023.
お知らせ • Aug 01Visiativ SA (ENXTPA:ALVIV) acquired 90% stake in Ebm Gmbh.Visiativ SA (ENXTPA:ALVIV) acquired 90% stake in Ebm Gmbh on July 1, 2023. Transaction is financed entirely in cash. Visiativ SA (ENXTPA:ALVIV) completed the acquisition of 90% stake in Ebm Gmbh on July 1, 2023.
Buying Opportunity • Jul 14Now 21% undervaluedOver the last 90 days, the stock is up 11%. The fair value is estimated to be €41.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 56%. For the next 3 years, revenue is forecast to grow by 5.0% per annum. Earnings is also forecast to grow by 14% per annum over the same time period.
Upcoming Dividend • May 29Upcoming dividend of €1.10 per share at 3.7% yieldEligible shareholders must have bought the stock before 05 June 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.3%).
Valuation Update With 7 Day Price Move • Jan 26Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €36.00, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 20x in the IT industry in Germany. Total returns to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €66.64 per share.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. Independent Director Sylvie Guinard was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Oct 13Visiativ SA (ENXTPA:ALVIV) agreed to acquire AbsisKey S.A.S.Visiativ SA (ENXTPA:ALVIV) agreed to acquire AbsisKey S.A.S. on October 11, 2022. Post this acquisition Visiativ will have more than 1000 costumers in France for its consulting business. Visativ will start new consulting hub in Poland (Warsaw). Absiskey generated revenue of €8.5m in 2021. François Chollet the current President of Absiskey will continue the development of activities within Visiativ, alongside the main managers of the consulting business. This acquisition remains subject to an information-consultation procedure with employee representative bodies of the companies involved. The transaction is expected to completed in upcoming weeks and Visiativ will consolidate AbsisKey before Q4 2022.
Reported Earnings • Oct 02First half 2022 earnings released: EPS: €0.27 (vs €0.25 in 1H 2021)First half 2022 results: EPS: €0.27 (up from €0.25 in 1H 2021). Revenue: €115.7m (up 21% from 1H 2021). Net income: €1.20m (up 9.1% from 1H 2021). Profit margin: 1.0% (in line with 1H 2021). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
お知らせ • Sep 08Visiativ SA (ENXTPA:ALVIV) and VERTICAL SQUARE SAS agreed to acquire 3c-evolution.Visiativ SA (ENXTPA:ALVIV) and VERTICAL SQUARE SAS agreed to acquire 3c-evolution on September 6, 2022. This 50/50 acquisition by Groupe Vertical and Visiativ ensures a long-term commitment to the joint industrial project that consists in developing a global digital e-commerce offering for industrial SMEs in France and Europe.
お知らせ • Jul 27Visiativ SA (ENXTPA:ALVIV) acquired 68 percent stake in Daxium SAS.Visiativ SA (ENXTPA:ALVIV) acquired 68 percent stake in Daxium SAS on July 26, 2022. The completion took place alongside its founder and CEO Yann de Saint Vaulry, and key managers. Visiativ SA (ENXTPA:ALVIV) completed the acquisition of 68 percent stake in Daxium SAS on July 26, 2022.
お知らせ • Jul 20Visiativ SA (ENXTPA:ALVIV) acquired Braithwaite Technology Consultants Inc.Visiativ SA (ENXTPA:ALVIV) acquired Braithwaite Technology Consultants Inc. on July 1, 2022. The acquisition of 100% of the capital of Braithwaite, which will be consolidated from 1 July 2022, was agreed to be fully funded from cash. Braithwaite generated revenue of around CAD 2.5 million in 2021. Visiativ SA (ENXTPA:ALVIV) completed the acquisition of Braithwaite Technology Consultants Inc. on July 1, 2022.
お知らせ • May 24Visiativ SA (ENXTPA:ALVIV) acquired Mb Cad Gmbh.Visiativ SA (ENXTPA:ALVIV) acquired Mb Cad Gmbh on May 23, 2022. The acquisition of 100% of the capital of MB CAD, which will be consolidated from June 1, 2022, was fully funded from cash. MB CAD generated revenue around €8m in 2021. Visiativ SA (ENXTPA:ALVIV) completed the acquisition of Mb Cad Gmbh on May 23, 2022.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Independent Director Daniel Derderian was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Mar 15Investor sentiment improved over the past weekAfter last week's 17% share price gain to €27.80, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 27x in the IT industry in Germany. Total returns to shareholders of 14% over the past three years.
Reported Earnings • Sep 28First half 2021 earnings releasedThe company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €91.7m (up 7.1% from 1H 2020). Net income: €1.10m (up €5.44m from 1H 2020). Profit margin: 1.2% (up from net loss in 1H 2020).
お知らせ • Jul 07Visiativ SA (ENXTPA:ALVIV) acquired Ma-Sauvegarde from its founding president Hervé Favre.Visiativ SA (ENXTPA:ALVIV) acquired Ma-Sauvegarde from its founding president Hervé Favre on July 5, 2021. Ma-Sauvegarde reports turnover of approximately €1 million. Visiativ SA (ENXTPA:ALVIV) completed the acquisition of Ma-Sauvegarde from its founding president Hervé Favre on July 5, 2021.
お知らせ • Jun 15Visiativ SA has completed a Follow-on Equity Offering in the amount of €7.00444 million.Visiativ SA has completed a Follow-on Equity Offering in the amount of €7.00444 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 350,222 Price\Range: €20
Reported Earnings • Apr 28Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €189.9m (down 8.7% from FY 2019). Net income: €1.50m (down 43% from FY 2019). Profit margin: 0.8% (down from 1.3% in FY 2019).
Reported Earnings • Mar 28Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €189.9m (down 8.7% from FY 2019). Net income: €1.50m (down 43% from FY 2019). Profit margin: 0.8% (down from 1.3% in FY 2019).
Is New 90 Day High Low • Mar 02New 90-day low: €18.64The company is down 1.0% from its price of €18.74 on 02 December 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.24 per share.
Valuation Update With 7 Day Price Move • Jan 12Investor sentiment improved over the past weekAfter last week's 21% share price gain to €23.70, the stock is trading at a trailing P/E ratio of 51.8x, up from the previous P/E ratio of 42.7x. This compares to an average P/E of 30x in the IT industry in Germany. Total return to shareholders over the past three years is a loss of 51%.
Is New 90 Day High Low • Jan 09New 90-day high: €21.85The company is up 8.0% from its price of €20.15 on 09 October 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €20.86 per share.
Is New 90 Day High Low • Dec 16New 90-day high: €21.45The company is up 2.0% from its price of €21.00 on 17 September 2020. The German market is also up 2.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the IT industry, which is down 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.10 per share.
Valuation Update With 7 Day Price Move • Oct 29Market pulls back on stock over the past weekAfter last week's 20% share price decline to €16.88, the stock is trading at a trailing P/E ratio of 34.1x, down from the previous P/E ratio of 42.4x. This compares to an average P/E of 26x in the IT industry in Germany. Total return to shareholders over the past three years is a loss of 59%.
Is New 90 Day High Low • Oct 27New 90-day low: €17.30The company is down 4.0% from its price of €18.02 on 29 July 2020. The German market is also down 4.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the IT industry, which is down 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.33 per share.
Reported Earnings • Oct 02First half earnings releasedOver the last 12 months the company has reported total profits of €1.74m, down 50% from the prior year. Total revenue was €206.6m over the last 12 months, up 9.8% from the prior year.