View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active.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 将来の成長Future 基準チェック /26Visiativ利益と収益がそれぞれ年間15.1%と4.4%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に0% 0%なると予測されています。主要情報15.1%収益成長率n/aEPS成長率IT 収益成長13.9%収益成長率4.4%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日05 Sep 2024今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesNew Risk • Jul 18New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €894k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risks Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Significant insider selling over the past 3 months (€894k sold).Board Change • Jul 18Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 7 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.Reported Earnings • Mar 25Full 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 6.7% growth forecast for the IT industry in the United Kingdom.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.New Risk • Feb 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.1% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.6% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.3% increase in shares outstanding).Valuation Update With 7 Day Price Move • Feb 13Investor sentiment improves as stock rises 29%After last week's 29% share price gain to €35.60, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 22x in the IT industry in the United Kingdom. Simply Wall St's valuation model estimates the intrinsic value at €22.98 per share.Board Change • Nov 19Insufficient 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 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 7.3% growth forecast for the IT industry in the United Kingdom.New Risk • Sep 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.6% operating cash flow to total debt). Shares are highly illiquid. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.1% increase in shares outstanding).Board Change • Sep 27Insufficient 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.Board Change • Sep 08Insufficient 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 • 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.Board Change • Apr 26Insufficient 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.Board Change • Mar 31Insufficient 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.Board Change • Aug 09Insufficient 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.Board Change • May 04Insufficient 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.Board Change • Mar 24Insufficient 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.Board Change • Feb 22Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 1 highly experienced director. 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.Board Change • Feb 03Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 1 highly experienced director. 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.Board Change • Oct 26Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 1 highly experienced director. 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.業績と収益の成長予測LSE:0W8T - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/2026329161227112/31/2025313141125112/31/2024298121125112/31/202328910013N/A9/30/202328512-212N/A6/30/202328113-410N/A3/31/202327412114N/A12/31/202226811718N/A9/30/202225410517N/A6/30/202224110315N/A3/31/202223210921N/A12/31/2021222101527N/A9/30/20212158719N/A6/30/20212087-110N/A3/31/20212034212N/A12/31/20201972614N/A9/30/20202022816N/A6/30/202020721017N/A3/31/20202072512N/A12/31/2019208317N/A9/30/2019198317N/A6/30/2019188316N/A3/31/2019177327N/A12/31/2018167338N/A9/30/2018151227N/A6/30/2018136127N/A3/31/2018132338N/A12/31/2017127538N/A9/30/20171225N/A8N/A6/30/20171185N/A7N/A3/31/20171135N/A6N/A12/31/20161084N/A6N/A9/30/20161063N/A5N/A6/30/20161042N/A4N/A3/31/2016941N/A7N/A12/31/2015840N/A9N/A9/30/201570-1N/A7N/A6/30/201557-2N/A5N/A3/31/201554-2N/A3N/A12/31/201451-3N/A1N/A9/30/201451-1N/A1N/A6/30/2014510N/A0N/A3/31/2014510N/A2N/A12/31/2013510N/A4N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 0W8Tの予測収益成長率 (年間15.1% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: 0W8Tの収益 ( 15.1% ) UK市場 ( 11.5% ) よりも低い成長が予測されています。高成長収益: 0W8Tの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: 0W8Tの収益 ( 4.4% ) UK市場 ( 4.5% ) よりも速いペースで成長すると予測されています。高い収益成長: 0W8Tの収益 ( 4.4% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 0W8Tの 自己資本利益率 は、3年後には低くなると予測されています ( 0 %)。成長企業の発掘7D1Y7D1Y7D1YSoftware 業界の高成長企業。View Past Performance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2024/09/07 11:23終値2024/07/29 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
New Risk • Jul 18New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €894k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risks Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Significant insider selling over the past 3 months (€894k sold).
Board Change • Jul 18Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 7 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.
Reported Earnings • Mar 25Full 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 6.7% growth forecast for the IT industry in the United Kingdom.
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.
New Risk • Feb 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.1% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.6% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.3% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Feb 13Investor sentiment improves as stock rises 29%After last week's 29% share price gain to €35.60, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 22x in the IT industry in the United Kingdom. Simply Wall St's valuation model estimates the intrinsic value at €22.98 per share.
Board Change • Nov 19Insufficient 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 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 7.3% growth forecast for the IT industry in the United Kingdom.
New Risk • Sep 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.6% operating cash flow to total debt). Shares are highly illiquid. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.1% increase in shares outstanding).
Board Change • Sep 27Insufficient 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.
Board Change • Sep 08Insufficient 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 • 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.
Board Change • Apr 26Insufficient 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.
Board Change • Mar 31Insufficient 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.
Board Change • Aug 09Insufficient 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.
Board Change • May 04Insufficient 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.
Board Change • Mar 24Insufficient 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.
Board Change • Feb 22Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 1 highly experienced director. 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.
Board Change • Feb 03Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 1 highly experienced director. 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.
Board Change • Oct 26Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 1 highly experienced director. 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.