Temenos（1TEMN）株式概要テメノスAGは、銀行およびその他の金融サービス機関向けに、統合バンキング・ソフトウェア・システムの開発、マーケティング、販売を行っている。 詳細1TEMN ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長2/6過去の実績4/6財務の健全性2/6配当金5/6報酬当社が推定した公正価値より18.2%で取引されている 収益は年間6.37%増加すると予測されています 過去1年間で収益は67.5%増加しました 1.8%の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Italian市場と比較して、過去 3 か月間の株価の変動が非常に大きい多額の負債を抱えている 財務結果に影響を与える大きな一時的項目 すべてのリスクチェックを見る1TEMN 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€84.4013.0% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture02b2016201920222025202620282031Revenue US$1.5bEarnings US$396.7mAdvancedSet Fair ValueView all narrativesFeatured narrative•Software opportunityZenaTechabout 2 months ago author updated this narrativeJOFair Value from Jolt_CommunicationsUS$6.8569.3% 割安 内在価値ディスカウントZenaTech: A big bet on the rise of AI drones and drones-as-a-serviceKey Takeaways ZenaTech is focusing its efforts into building AI drones, combining Drone as a Service, SaaS, and AI as its key revenue drivers. Previously building software for agriculture, ZenaTech has shifted rapidly toward drone services, now driving ~70% of revenue after recent acquisitions.Read full narrative3.2kusers have viewed this narrative8users have liked this narrative0users have commented on this narrative77users have followed this narrativeRead narrativeTemenos AG 競合他社TXT e-solutionsSymbol: BIT:TXTMarket cap: €428.3mSYS-DATSymbol: BIT:SYSMarket cap: €160.8mDoxeeSymbol: BIT:DOXMarket cap: €56.1mReplySymbol: BIT:REYMarket cap: €3.7b価格と性能株価の高値、安値、推移の概要Temenos過去の株価現在の株価CHF 84.4052週高値CHF 89.6552週安値CHF 63.50ベータ0.591ヶ月の変化9.61%3ヶ月変化14.83%1年変化33.97%3年間の変化n/a5年間の変化n/aIPOからの変化33.97%最新ニュースNew Risk • May 04New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 5.6% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (5.6% average weekly change). Minor Risks High level of debt (155% net debt to equity). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • May 04Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to €63.65, the stock trades at a forward P/E ratio of 28x. Average trailing P/E is 22x in the Software industry in Italy. Total returns to shareholders of 3.3% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €77.87 per share.Reported Earnings • Apr 22First quarter 2026 earnings released: EPS: US$0.59 (vs US$0.41 in 1Q 2025)First quarter 2026 results: EPS: US$0.59 (up from US$0.41 in 1Q 2025). Revenue: US$253.0m (up 8.9% from 1Q 2025). Net income: US$39.7m (up 37% from 1Q 2025). Profit margin: 16% (up from 13% in 1Q 2025). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Italy.Declared Dividend • Apr 15Dividend of CHF1.40 announcedShareholders will receive a dividend of CHF1.40. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 1.7%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 1.1% over the next 3 years. However, it would need to fall by 52% to increase the payout ratio to a potentially unsustainable range.お知らせ • Apr 09Temenos AG, Annual General Meeting, May 13, 2026Temenos AG, Annual General Meeting, May 13, 2026, at 11:30 W. Europe Standard Time.New Risk • Mar 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.7% 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 Risk Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risks High level of debt (111% net debt to equity). Large one-off items impacting financial results.最新情報をもっと見るRecent updatesNew Risk • May 04New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 5.6% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (5.6% average weekly change). Minor Risks High level of debt (155% net debt to equity). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • May 04Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to €63.65, the stock trades at a forward P/E ratio of 28x. Average trailing P/E is 22x in the Software industry in Italy. Total returns to shareholders of 3.3% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €77.87 per share.Reported Earnings • Apr 22First quarter 2026 earnings released: EPS: US$0.59 (vs US$0.41 in 1Q 2025)First quarter 2026 results: EPS: US$0.59 (up from US$0.41 in 1Q 2025). Revenue: US$253.0m (up 8.9% from 1Q 2025). Net income: US$39.7m (up 37% from 1Q 2025). Profit margin: 16% (up from 13% in 1Q 2025). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Italy.Declared Dividend • Apr 15Dividend of CHF1.40 announcedShareholders will receive a dividend of CHF1.40. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 1.7%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 1.1% over the next 3 years. However, it would need to fall by 52% to increase the payout ratio to a potentially unsustainable range.お知らせ • Apr 09Temenos AG, Annual General Meeting, May 13, 2026Temenos AG, Annual General Meeting, May 13, 2026, at 11:30 W. Europe Standard Time.New Risk • Mar 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.7% 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 Risk Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risks High level of debt (111% net debt to equity). Large one-off items impacting financial results.Declared Dividend • Mar 01Dividend of CHF1.40 announcedShareholders will receive a dividend of CHF1.40. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 1.8%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 3.0% over the next 3 years. However, it would need to fall by 52% to increase the payout ratio to a potentially unsustainable range.お知らせ • Feb 27Temenos AG announces Annual dividend, payable on May 20, 2026Temenos AG announced Annual dividend of CHF 1.4000 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026.Reported Earnings • Feb 25Full year 2025 earnings released: EPS: US$4.06 (vs US$2.46 in FY 2024)Full year 2025 results: EPS: US$4.06 (up from US$2.46 in FY 2024). Revenue: US$1.09b (up 4.5% from FY 2024). Net income: US$280.6m (up 58% from FY 2024). Profit margin: 26% (up from 17% in FY 2024). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Italy.Buy Or Sell Opportunity • Jan 07Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 29% to €91.50. The fair value is estimated to be €76.02, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings are forecast to decline by 7.1% per annum over the same time period.お知らせ • Dec 10Temenos AG (SWX:TEMN) announces an Equity Buyback for CHF 100 million worth of its shares.Temenos AG (SWX:TEMN) announces a share repurchase program. Under the program, the company will repurchase up to CHF 100 million worth of its shares. The repurchased registered shares are to be used for general business purposes, including employee equity incentive plans and/or the financing of potential acquisitions. The program will expire on December 30, 2026, at the latest. As of December 8, 2025, the company had 71,907,147 issued shares and 4,497,723 treasury shares.Valuation Update With 7 Day Price Move • Nov 04Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €81.50, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 15x in the Software industry in Italy. Simply Wall St's valuation model estimates the intrinsic value at €75.32 per share.Reported Earnings • Oct 30Third quarter 2025 earnings released: EPS: US$0.65 (vs US$0.43 in 3Q 2024)Third quarter 2025 results: EPS: US$0.65 (up from US$0.43 in 3Q 2024). Revenue: US$258.5m (up 4.7% from 3Q 2024). Net income: US$44.4m (up 44% from 3Q 2024). Profit margin: 17% (up from 13% in 3Q 2024). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Italy.お知らせ • Sep 30Temenos Launches AI-Powered Money Movement & Management Platform at SibosTemenos announced the launch of Temenos Money Movement & Management, an AI-powered and pre-integrated platform to streamline payments and account services. This unified solution brings together payments, accounts, risk, and treasury modules, enabling financial institutions to move money faster, more reliably and at lower cost. Temenos Money Movement & Management helps new entrants get to market quickly and existing players to replace fragmented systems with an efficient platform built for growth and innovation. Smart AI-powered services, such as automated payment repair, fraud detection, and copilot tools minimize manual intervention and improve straight-through processing. Leveraging Temenos' recently launched FCM AI Agent, the platform enhances real-time screening and significantly reduces false positives. Built-in integration accelerators enable the rapid onboarding and servicing of any digital wallets and alternative payment networks, such as Wise, Thunes, Mastercard Move, Visa Direct, and Standard Chartered Scale. The solution is designed for banks, electronic money institutions (EMIs) and other payment service providers (PSPs) involved in cross border and domestic money movement services. Temenos' holistic and unified approach provides a powerful solution to the challenges faced by these organizations. FINCI, an EMI regulated by the Bank of Lithuania, went live on the platform in just four months.Reported Earnings • Sep 14Second quarter 2025 earnings released: EPS: US$2.34 (vs US$0.51 in 2Q 2024)Second quarter 2025 results: EPS: US$2.34 (up from US$0.51 in 2Q 2024). Revenue: US$285.5m (up 15% from 2Q 2024). Net income: US$164.7m (up 344% from 2Q 2024). Profit margin: 58% (up from 15% in 2Q 2024). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Italy.New Risk • Sep 05New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 7.1% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.1% average weekly change). Earnings are forecast to decline by an average of 5.6% per year for the foreseeable future. Minor Risks High level of debt (109% net debt to equity). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Sep 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €64.00, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 15x in the Software industry in Italy. Simply Wall St's valuation model estimates the intrinsic value at €67.21 per share.お知らせ • Jun 03Montagu Private Equity LLP completed the acquisition of IGEFI Group s.à r.l. from Temenos AG (SWX:TEMN) for $400 million.Montagu Private Equity LLP agreed to acquire IGEFI Group s.à r.l. from Temenos AG (SWX:TEMN) on February 6, 2025. After the transaction closes, Multifonds will operate as a new standalone company, led by its existing management team. Ralph Drebes, Michael Leicht, Matthew Devey, Carl Sanders, Christian Hundeshagen and Wladislaw Kirch of Linklaters LLP acted as legal advisor for Montagu. Dieter Gericke and Daniel Häusermann of Homburger AG acted as legal advisor for Temenos. Montagu Private Equity LLP completed the acquisition of IGEFI Group s.à r.l. from Temenos AG (SWX:TEMN) for $400 million on June 2, 2025.お知らせ • May 31+ 5 more updatesTemenos AG to Report Q3, 2026 Results on Oct 27, 2026Temenos AG announced that they will report Q3, 2026 results on Oct 27, 2026Board Change • May 28High number of new directorsIndependent Non-Executive Director Michael Andres Gorriz was the last director to join the board, commencing their role in 2024.お知らせ • May 22Temenos Sets New Benchmark for Scalability of Ai-Powered Banking with Microsoft AzureTemenos announced the results of a highwater benchmark for its cloud-native core banking solutions running on Microsoft Azure. The results will be presented at the Temenos Community Forum 2025. The record-setting benchmark showcased the speed and efficiency of Temenos' latest technology in handling high volumes of digital transactions and AI services, delivering maximum scalability with a minimal cloud footprint. The benchmark simulated a bank with 25 million customers and 50 million accounts processing 16,600 transactions per second while taking additional AI workloads. It tested the full end-to-end capabilities of Temenos' banking solutions, including core and digital banking, payments, data hub and AI services on Microsoft Azure. Thanks to advances in Temenos' leaner, more sustainable architecture and Microsoft Azure Cobalt 100 ARM processors, the test showed over 40% improvement in efficiency compared to the 2024 benchmark exercise. These results highlight the power of Temenos' banking solutions to process large volumes of transactions and data quickly and securely, using less hardware. This helps banks of all sizes scale on demand, and maintain peak performance and availability, while meeting the growing demand for AI and Gen AI-powered services. The benchmark also tested banking APIs through Microsoft Open AI Service interfaces to ensure it meets banking customers' AI and Gen AI demand in the future. According to a recent Hanover Research survey for Temenos, 75% of banks are exploring Generative AI deployment, while 82% are investing in technology to improve operating efficiency. Among banks already deploying Gen AI or exploring opportunities, 43% plan to increase their investment in the technology this year compared to last year.お知らせ • May 20Temenos Launches Gen Ai Copilot for Banks to Deliver Better Products FasterAt the Temenos Community Forum ’25 in Madrid, Temenos launched the Temenos Product Manager Copilot, empowering banks to design, launch, test and optimize financial products faster using Generative AI. Temenos Product Manager Copilot is a Gen AI assistant that integrates Microsoft Azure OpenAI Service and is embedded within the Temenos Retail core banking solution. It provides a simple, conversational way for product, IT and Customer Service managers to explore the full breadth of Temenos’ core banking functionality and data insights, helping banks design and launch retail products faster, easier, and make them more relevant to their customers. Temenos Product Manager Copilot is offered as part of Temenos retail accounts advanced and enterprise product offerings. Temenos core banking solutions are trusted by over 950 banks worldwide, from large multinational institutions to smaller regional banks. Temenos core banking offers extensive out-of-the-box functionality and a comprehensive suite of pre-configured products. With Temenos Product Manager Copilot, product managers can leverage either the built-in user agents or interact through familiar channels like Microsoft Teams for building, testing and launching new products. This Gen AI tool also allows them to quickly gain business insights without having to write complicated queries from their core banking data and drive strategic decisions. Integrating Azure OpenAI Service enables Temenos Product Manager Copilot to surface insights from the bank’s core data, documentation and regulatory landscape. The solution is flexible by design to allow easy integrations with new AI agents based on bank-specific data sources, as well as existing AI agents already in use. In addition, Azure OpenAI Service provides enterprise-class availability, scaling, security and confidentiality for customer data. According to a recent study for Temenos, three quarters (75%) of banks are exploring Gen AI deployment with 36% having already deployed or in the process of deploying it. Additionally, 73% believe that agentic AI will be transformative for the banking industry.株主還元1TEMNIT SoftwareIT 市場7D4.8%2.7%3.2%1Y34.0%10.3%23.9%株主還元を見る業界別リターン: 1TEMN過去 1 年間で10.3 % の収益を上げたItalian Software業界を上回りました。リターン対市場: 1TEMN過去 1 年間で23.9 % の収益を上げたItalian市場を上回りました。価格変動Is 1TEMN's price volatile compared to industry and market?1TEMN volatility1TEMN Average Weekly Movement11.7%Software Industry Average Movement5.8%Market Average Movement5.2%10% most volatile stocks in IT Market8.2%10% least volatile stocks in IT Market3.1%安定した株価: 1TEMNの株価は、 Italian市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 1TEMNの weekly volatility ( 12% ) は過去 1 年間安定していますが、依然としてItalianの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19935,057Takis Spiliopouloswww.temenos.comテメノスAGは、銀行やその他の金融サービス機関向けに、統合バンキング・ソフトウェア・システムの開発、マーケティング、販売を行っています。リテール・バンキング、ビジネス・コーポレート・バンキング、富裕層向けのエンタープライズ・サービスであるTemenos SaaS、説明可能性、セキュリティ、安全な展開、銀行特有の機能を提供することで、銀行が責任あるAI慣行を導入できるよう支援するTemenos AI、デジタルトランスフォーメーション・イニシアチブを加速するTemenos Digital、顧客がコア・バンキング機能にアクセスできるプラットフォームであるTemenos Core、単一のコードとプラットフォームであるTemenos Banking Platform、フィンテック・サービスを組み込むのに役立つ、厳選、評価、統合された技術パートナーを提供するTemenos Exchangeを提供しています。また、俊敏なリテール・バンキング変革のためのオープンでクラウドネイティブなプラットフォームなどのエンド・ツー・エンドのリテール・バンキング・ソリューションや、貿易金融、融資、決済、サプライチェーンファイナンス、現金掃出しなどの取引開始を可能にし、銀行がサービスを創出するための自動化のニーズに対応する法人・商業向けバンキング・ソリューションも提供しています；エンド・ツー・エンドのビジネス・バンキング・ソリューションは、クラウドにとらわれないフロント・ツー・バックのソリューションで、オンボーディングからオリジネーション、デジタルおよび対面でのサービシング、口座に関するアドバイザリーおよびクロスセル、融資およびアセット・ファイナンスに至るまで、金融機関が中小企業に具体的な価値を提供することを可能にする。北米、欧州、中東・アフリカ、中南米、アジア太平洋地域で事業を展開している。旧社名はTemenos Group AGで、2018年5月に社名をTemenos AGに変更した。Temenos AGは1993年に設立され、スイスのランシーに本社を置いている。もっと見るTemenos AG 基礎のまとめTemenos の収益と売上を時価総額と比較するとどうか。1TEMN 基礎統計学時価総額€5.57b収益（TTM）€247.94m売上高(TTM)€946.07m22.5xPER（株価収益率5.9xP/Sレシオ1TEMN 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1TEMN 損益計算書（TTM）収益US$1.11b売上原価US$288.98m売上総利益US$822.61mその他の費用US$531.29m収益US$291.32m直近の収益報告Mar 31, 2026次回決算日Jul 22, 2026一株当たり利益（EPS）4.33グロス・マージン74.00%純利益率26.21%有利子負債／自己資本比率188.3%1TEMN 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1.8%現在の配当利回り43%配当性向1TEMN 配当は確実ですか？1TEMN 配当履歴とベンチマークを見る1TEMN 、いつまでに購入すれば配当金を受け取れますか？Temenos 配当日配当落ち日May 18 2026配当支払日May 20 2026配当落ちまでの日数10 days配当支払日までの日数12 days1TEMN 配当は確実ですか？1TEMN 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2026/05/06 16:20終値2026/05/06 00:00収益2026/03/31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Temenos AG 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。32 アナリスト機関Alexander ToutArete Research Services LLPKnut WollerBaader Helvea Equity ResearchRaimo LenschowBarclays29 その他のアナリストを表示
Featured narrative•Software opportunityZenaTechabout 2 months ago author updated this narrativeJOFair Value from Jolt_CommunicationsUS$6.8569.3% 割安 内在価値ディスカウントZenaTech: A big bet on the rise of AI drones and drones-as-a-serviceKey Takeaways ZenaTech is focusing its efforts into building AI drones, combining Drone as a Service, SaaS, and AI as its key revenue drivers. Previously building software for agriculture, ZenaTech has shifted rapidly toward drone services, now driving ~70% of revenue after recent acquisitions.Read full narrative3.2kusers have viewed this narrative8users have liked this narrative0users have commented on this narrative77users have followed this narrativeRead narrative
New Risk • May 04New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 5.6% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (5.6% average weekly change). Minor Risks High level of debt (155% net debt to equity). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • May 04Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to €63.65, the stock trades at a forward P/E ratio of 28x. Average trailing P/E is 22x in the Software industry in Italy. Total returns to shareholders of 3.3% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €77.87 per share.
Reported Earnings • Apr 22First quarter 2026 earnings released: EPS: US$0.59 (vs US$0.41 in 1Q 2025)First quarter 2026 results: EPS: US$0.59 (up from US$0.41 in 1Q 2025). Revenue: US$253.0m (up 8.9% from 1Q 2025). Net income: US$39.7m (up 37% from 1Q 2025). Profit margin: 16% (up from 13% in 1Q 2025). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Italy.
Declared Dividend • Apr 15Dividend of CHF1.40 announcedShareholders will receive a dividend of CHF1.40. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 1.7%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 1.1% over the next 3 years. However, it would need to fall by 52% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Apr 09Temenos AG, Annual General Meeting, May 13, 2026Temenos AG, Annual General Meeting, May 13, 2026, at 11:30 W. Europe Standard Time.
New Risk • Mar 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.7% 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 Risk Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risks High level of debt (111% net debt to equity). Large one-off items impacting financial results.
New Risk • May 04New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 5.6% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (5.6% average weekly change). Minor Risks High level of debt (155% net debt to equity). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • May 04Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to €63.65, the stock trades at a forward P/E ratio of 28x. Average trailing P/E is 22x in the Software industry in Italy. Total returns to shareholders of 3.3% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €77.87 per share.
Reported Earnings • Apr 22First quarter 2026 earnings released: EPS: US$0.59 (vs US$0.41 in 1Q 2025)First quarter 2026 results: EPS: US$0.59 (up from US$0.41 in 1Q 2025). Revenue: US$253.0m (up 8.9% from 1Q 2025). Net income: US$39.7m (up 37% from 1Q 2025). Profit margin: 16% (up from 13% in 1Q 2025). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Italy.
Declared Dividend • Apr 15Dividend of CHF1.40 announcedShareholders will receive a dividend of CHF1.40. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 1.7%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 1.1% over the next 3 years. However, it would need to fall by 52% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Apr 09Temenos AG, Annual General Meeting, May 13, 2026Temenos AG, Annual General Meeting, May 13, 2026, at 11:30 W. Europe Standard Time.
New Risk • Mar 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.7% 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 Risk Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risks High level of debt (111% net debt to equity). Large one-off items impacting financial results.
Declared Dividend • Mar 01Dividend of CHF1.40 announcedShareholders will receive a dividend of CHF1.40. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 1.8%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 3.0% over the next 3 years. However, it would need to fall by 52% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Feb 27Temenos AG announces Annual dividend, payable on May 20, 2026Temenos AG announced Annual dividend of CHF 1.4000 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026.
Reported Earnings • Feb 25Full year 2025 earnings released: EPS: US$4.06 (vs US$2.46 in FY 2024)Full year 2025 results: EPS: US$4.06 (up from US$2.46 in FY 2024). Revenue: US$1.09b (up 4.5% from FY 2024). Net income: US$280.6m (up 58% from FY 2024). Profit margin: 26% (up from 17% in FY 2024). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Italy.
Buy Or Sell Opportunity • Jan 07Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 29% to €91.50. The fair value is estimated to be €76.02, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings are forecast to decline by 7.1% per annum over the same time period.
お知らせ • Dec 10Temenos AG (SWX:TEMN) announces an Equity Buyback for CHF 100 million worth of its shares.Temenos AG (SWX:TEMN) announces a share repurchase program. Under the program, the company will repurchase up to CHF 100 million worth of its shares. The repurchased registered shares are to be used for general business purposes, including employee equity incentive plans and/or the financing of potential acquisitions. The program will expire on December 30, 2026, at the latest. As of December 8, 2025, the company had 71,907,147 issued shares and 4,497,723 treasury shares.
Valuation Update With 7 Day Price Move • Nov 04Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €81.50, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 15x in the Software industry in Italy. Simply Wall St's valuation model estimates the intrinsic value at €75.32 per share.
Reported Earnings • Oct 30Third quarter 2025 earnings released: EPS: US$0.65 (vs US$0.43 in 3Q 2024)Third quarter 2025 results: EPS: US$0.65 (up from US$0.43 in 3Q 2024). Revenue: US$258.5m (up 4.7% from 3Q 2024). Net income: US$44.4m (up 44% from 3Q 2024). Profit margin: 17% (up from 13% in 3Q 2024). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Italy.
お知らせ • Sep 30Temenos Launches AI-Powered Money Movement & Management Platform at SibosTemenos announced the launch of Temenos Money Movement & Management, an AI-powered and pre-integrated platform to streamline payments and account services. This unified solution brings together payments, accounts, risk, and treasury modules, enabling financial institutions to move money faster, more reliably and at lower cost. Temenos Money Movement & Management helps new entrants get to market quickly and existing players to replace fragmented systems with an efficient platform built for growth and innovation. Smart AI-powered services, such as automated payment repair, fraud detection, and copilot tools minimize manual intervention and improve straight-through processing. Leveraging Temenos' recently launched FCM AI Agent, the platform enhances real-time screening and significantly reduces false positives. Built-in integration accelerators enable the rapid onboarding and servicing of any digital wallets and alternative payment networks, such as Wise, Thunes, Mastercard Move, Visa Direct, and Standard Chartered Scale. The solution is designed for banks, electronic money institutions (EMIs) and other payment service providers (PSPs) involved in cross border and domestic money movement services. Temenos' holistic and unified approach provides a powerful solution to the challenges faced by these organizations. FINCI, an EMI regulated by the Bank of Lithuania, went live on the platform in just four months.
Reported Earnings • Sep 14Second quarter 2025 earnings released: EPS: US$2.34 (vs US$0.51 in 2Q 2024)Second quarter 2025 results: EPS: US$2.34 (up from US$0.51 in 2Q 2024). Revenue: US$285.5m (up 15% from 2Q 2024). Net income: US$164.7m (up 344% from 2Q 2024). Profit margin: 58% (up from 15% in 2Q 2024). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Italy.
New Risk • Sep 05New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 7.1% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.1% average weekly change). Earnings are forecast to decline by an average of 5.6% per year for the foreseeable future. Minor Risks High level of debt (109% net debt to equity). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Sep 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €64.00, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 15x in the Software industry in Italy. Simply Wall St's valuation model estimates the intrinsic value at €67.21 per share.
お知らせ • Jun 03Montagu Private Equity LLP completed the acquisition of IGEFI Group s.à r.l. from Temenos AG (SWX:TEMN) for $400 million.Montagu Private Equity LLP agreed to acquire IGEFI Group s.à r.l. from Temenos AG (SWX:TEMN) on February 6, 2025. After the transaction closes, Multifonds will operate as a new standalone company, led by its existing management team. Ralph Drebes, Michael Leicht, Matthew Devey, Carl Sanders, Christian Hundeshagen and Wladislaw Kirch of Linklaters LLP acted as legal advisor for Montagu. Dieter Gericke and Daniel Häusermann of Homburger AG acted as legal advisor for Temenos. Montagu Private Equity LLP completed the acquisition of IGEFI Group s.à r.l. from Temenos AG (SWX:TEMN) for $400 million on June 2, 2025.
お知らせ • May 31+ 5 more updatesTemenos AG to Report Q3, 2026 Results on Oct 27, 2026Temenos AG announced that they will report Q3, 2026 results on Oct 27, 2026
Board Change • May 28High number of new directorsIndependent Non-Executive Director Michael Andres Gorriz was the last director to join the board, commencing their role in 2024.
お知らせ • May 22Temenos Sets New Benchmark for Scalability of Ai-Powered Banking with Microsoft AzureTemenos announced the results of a highwater benchmark for its cloud-native core banking solutions running on Microsoft Azure. The results will be presented at the Temenos Community Forum 2025. The record-setting benchmark showcased the speed and efficiency of Temenos' latest technology in handling high volumes of digital transactions and AI services, delivering maximum scalability with a minimal cloud footprint. The benchmark simulated a bank with 25 million customers and 50 million accounts processing 16,600 transactions per second while taking additional AI workloads. It tested the full end-to-end capabilities of Temenos' banking solutions, including core and digital banking, payments, data hub and AI services on Microsoft Azure. Thanks to advances in Temenos' leaner, more sustainable architecture and Microsoft Azure Cobalt 100 ARM processors, the test showed over 40% improvement in efficiency compared to the 2024 benchmark exercise. These results highlight the power of Temenos' banking solutions to process large volumes of transactions and data quickly and securely, using less hardware. This helps banks of all sizes scale on demand, and maintain peak performance and availability, while meeting the growing demand for AI and Gen AI-powered services. The benchmark also tested banking APIs through Microsoft Open AI Service interfaces to ensure it meets banking customers' AI and Gen AI demand in the future. According to a recent Hanover Research survey for Temenos, 75% of banks are exploring Generative AI deployment, while 82% are investing in technology to improve operating efficiency. Among banks already deploying Gen AI or exploring opportunities, 43% plan to increase their investment in the technology this year compared to last year.
お知らせ • May 20Temenos Launches Gen Ai Copilot for Banks to Deliver Better Products FasterAt the Temenos Community Forum ’25 in Madrid, Temenos launched the Temenos Product Manager Copilot, empowering banks to design, launch, test and optimize financial products faster using Generative AI. Temenos Product Manager Copilot is a Gen AI assistant that integrates Microsoft Azure OpenAI Service and is embedded within the Temenos Retail core banking solution. It provides a simple, conversational way for product, IT and Customer Service managers to explore the full breadth of Temenos’ core banking functionality and data insights, helping banks design and launch retail products faster, easier, and make them more relevant to their customers. Temenos Product Manager Copilot is offered as part of Temenos retail accounts advanced and enterprise product offerings. Temenos core banking solutions are trusted by over 950 banks worldwide, from large multinational institutions to smaller regional banks. Temenos core banking offers extensive out-of-the-box functionality and a comprehensive suite of pre-configured products. With Temenos Product Manager Copilot, product managers can leverage either the built-in user agents or interact through familiar channels like Microsoft Teams for building, testing and launching new products. This Gen AI tool also allows them to quickly gain business insights without having to write complicated queries from their core banking data and drive strategic decisions. Integrating Azure OpenAI Service enables Temenos Product Manager Copilot to surface insights from the bank’s core data, documentation and regulatory landscape. The solution is flexible by design to allow easy integrations with new AI agents based on bank-specific data sources, as well as existing AI agents already in use. In addition, Azure OpenAI Service provides enterprise-class availability, scaling, security and confidentiality for customer data. According to a recent study for Temenos, three quarters (75%) of banks are exploring Gen AI deployment with 36% having already deployed or in the process of deploying it. Additionally, 73% believe that agentic AI will be transformative for the banking industry.
