View Financial HealthTemenos 배당 및 자사주 매입배당 기준 점검 5/6Temenos 수익으로 충분히 충당되는 현재 수익률 2.01% 보유한 배당금 지급 회사입니다.핵심 정보2.0%배당 수익률7.4%자사주 매입 수익률총 주주 수익률9.4%미래 배당 수익률2.4%배당 성장률12.1%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향43%최근 배당 및 자사주 매입 업데이트Upcoming Dividend • May 11Upcoming dividend of CHF1.40 per shareEligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Swiss dividend payers (3.7%). In line with average of industry peers (1.8%).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 2.0%, 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.공고 • 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.공고 • 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.Upcoming Dividend • May 08Upcoming dividend of CHF1.30 per shareEligible shareholders must have bought the stock before 15 May 2025. Payment date: 19 May 2025. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Swiss dividend payers (4.0%). Higher than average of industry peers (1.0%).공고 • Apr 23Temenos AG (SWX:TEMN) announces an Equity Buyback for CHF 250 million worth of its shares.Temenos AG (SWX:TEMN) announces a share repurchase program. Under the program, the company will repurchase up to CHF 250 million worth of its shares. The shares are being repurchased for the purpose of the subsequent capital reduction intended to be proposed to the next ordinary Annual General Meeting. The program will expire on December 30, 2025, at the latest.모든 업데이트 보기Recent updates내러티브 업데이트 • Jul 10TEMN: Recent Earnings Execution Will Support Higher Multiple RepricingThe analyst price target for Temenos has been raised from CHF 75.31 to CHF 84.45. Analysts attribute this change to updated assumptions on growth, profitability and P/E expectations that are consistent with recent target increases across the Street.New Risk • Jul 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swiss stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (155% net debt to equity). Share price has been volatile over the past 3 months (5.7% average weekly change). Large one-off items impacting financial results.내러티브 업데이트 • Jun 26TEMN: AI Rollout And Banking Wins Will Support Stronger Re RatingAnalysts have lifted their Temenos price target by CHF 7 to reflect updated assumptions for fair value, revenue growth, profit margins, and a lower future P/E multiple. Analyst Commentary Recent Street research on Temenos points to a cluster of constructive views, with several bullish analysts lifting price targets and one major bank upgrading the stock.공고 • Jun 09Temenos AG (SWX:TEMN) entered into a definitive agreement to acquire additiv AG from BZ Bank, Investment Arm and Patinex AG, management, Board of Directors and employees and other shareholders.Temenos AG (SWX:TEMN) entered into a definitive agreement to acquire additiv AG from BZ Bank, Investment Arm and Patinex AG, management, Board of Directors and employees and other shareholders on June 8, 2026. The consideration paid 50% in cash and 50% in equity. The transaction is subject to customary closing conditions. Completion is expected in early Q3-26. The transaction is expected to be marginally accretive to Temenos’ FY-26 ARR and non-IFRS subscription and SaaS guidance. Dieter Gericke and Daniel Häusermann of Homburger acted as legal advisor for Temenos AG. IFBC AG acted as fairness opinion provider for Temenos AG.실시간 뉴스 • Jun 09Temenos Moves to Expand AI Wealth Management With Additiv AcquisitionTemenos has agreed to acquire Swiss fintech additiv AG, a provider of AI-enabled orchestration technology for wealth and financial services. The deal is aimed at strengthening Temenos' Wealth Management offering and extending its AI-driven orchestration capabilities across financial institutions. The transaction is expected to close in early Q3 2026, with additiv set to continue operating under its own brand after completion. This deal points to Temenos leaning further into AI and wealth-focused software, areas where banks and wealth managers are actively looking for more automation and tailored digital experiences. Investors may want to watch how Temenos integrates additiv’s technology and brand over time, since the benefits of the acquisition will depend on product alignment, cross-selling and how smoothly the two platforms work together for clients.Upcoming Dividend • May 11Upcoming dividend of CHF1.40 per shareEligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Swiss dividend payers (3.7%). In line with average of industry peers (1.8%).공고 • May 10Temenos Launches Embedded AI Capabilities to Help Banks Move Faster, Stay in Control, and Create Better ExperiencesTemenos announced new AI-powered product capabilities launching at Temenos Community Forum 2026. The new releases include Temenos AI Agents, Copilots and Conversational Studio embedded across Temenos’ Core and Digital Banking products, as well as its Financial Crime Mitigation (FCM) solution. The new AI capabilities unveiled at TCF 2026 include: Conversational Studio for Digital, a natural-language environment for building end-to-end digital banking journeys. Temenos Copilot for Workbench, helping developers build, plan and execute custom platform extensions using AI Agents. Temenos Copilot for Core - Branch Manager & Branch Officer personas, extending conversational support to branch officers and managers. Temenos FCM AI Agent for Instant Payments, extending financial crime controls to real-time payment flows. Conversational interfaces are transforming how users interact with Temenos systems by enabling natural-language interaction with the platform. This improves productivity, reduces operational friction, and makes complex banking functionality accessible to a broader set of users. In 2025, Temenos launched Temenos Copilot for Core, where users engage directly with the system using natural language to accelerate decision-making. AI Agents further increase operational capacity, reduce friction and risk, and help banks scale efficiently while maintaining auditability and human oversight. A Tier 1 bank using the Temenos FCM AI Agent, also launched in 2025, is now processing hundreds of thousands of sanctions screening cases and automating more than twenty percent of alerts, allowing teams to focus on higher-complexity work. Conversational Studio provides the governed, build environments where banks can design and deploy new experiences through natural language, accelerating innovation while maintaining control.공고 • May 08Temenos Launches Composable Retail Deposits And Composable Retail LendingTemenos launched Composable Retail Deposits and Composable Retail Lending, new Temenos Composable Solutions designed to help banks progressively modernize key retail banking domains, reducing risk while accelerating change. Retail deposits and lending sit at the heart of a bank’s operating model, yet many are still constrained by legacy platforms that are slow to change, costly to upgrade and difficult to integrate with new technologies. As customer expectations, competitive pressures and regulatory demands increase, banks need more flexible ways to modernise these domains. Temenos’ Composable Retail Deposits and Composable Retail Lending are cloud-native, standalone capabilities that integrate into a bank’s existing technology landscape through APIs and event-driven connections. Each capability is independent, with clear functional boundaries and its own deployment and upgrade cycle, ensuring that changes in one area do not ripple across other systems. Together, these capabilities enable banks to modernize deposits and lending progressively, improve speed to market and reduce the risk and disruption typically associated with traditional core upgrades. Temenos’ composable deposit and lending solutions were developed in collaboration with Design Partner clients, including Raiffeisen Bank International, supporting product development in line with real-world banking needs.분석 기사 • Apr 28Temenos' (VTX:TEMN) Solid Profits Have Weak FundamentalsTemenos AG ( VTX:TEMN ) announced strong profits, but the stock was stagnant. Our analysis suggests that shareholders...Buy Or Sell Opportunity • Apr 27Now 20% undervaluedOver the last 90 days, the stock has risen 1.4% to CHF73.75. The fair value is estimated to be CHF92.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings are also forecast to grow by 2.2% per annum over the same time period.분석 기사 • Apr 24Earnings Beat: Temenos AG Just Beat Analyst Forecasts, And Analysts Have Been Updating Their ModelsTemenos AG ( VTX:TEMN ) just released its quarterly report and things are looking bullish. Temenos beat earnings, with...Reported Earnings • Apr 22First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst 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 exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Apr 12Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 19% to CHF68.90. The fair value is estimated to be CHF86.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 38%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are forecast to decline by 0.4% per annum over the same time period.공고 • 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). Share price has been volatile over the past 3 months (6.1% average weekly change). 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 2.0%, 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.공고 • 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: Revenues exceed analysts expectations while EPS lags behindFull 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 exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 2.4%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.분석 기사 • Feb 02Investors Should Be Encouraged By Temenos' (VTX:TEMN) Returns On CapitalFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...새로운 내러티브 • Jan 23Digital Banking And Cloud Migration Will Support A Stronger Long Term OutlookCatalysts About Temenos Temenos provides core banking, payments and SaaS software to banks and financial institutions globally. What are the underlying business or industry changes driving this perspective?공고 • 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.분석 기사 • Dec 03Is Temenos (VTX:TEMN) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Reported Earnings • Oct 30Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird 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 exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates by 69%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has increased by 32% 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 • Oct 29Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CHF74.45, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 22x in the Software industry in Europe. Total returns to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CHF72.36 per share.분석 기사 • Oct 01Is Now An Opportune Moment To Examine Temenos AG (VTX:TEMN)?Temenos AG ( VTX:TEMN ), might not be a large cap stock, but it saw a decent share price growth of 15% on the SWX over...공고 • 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.분석 기사 • Sep 19Temenos' (VTX:TEMN) Promising Earnings May Rest On Soft FoundationsDespite posting some strong earnings, the market for Temenos AG's ( VTX:TEMN ) stock hasn't moved much. Our analysis...Reported Earnings • Sep 14Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond 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 exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Sep 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CHF59.45, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 24x in the Software industry in Europe. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CHF67.73 per share.분석 기사 • Aug 24Temenos (VTX:TEMN) Seems To Use Debt Rather SparinglySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...분석 기사 • Aug 11Does Temenos (VTX:TEMN) Deserve A Spot On Your Watchlist?SWX:TEMN 1 Year Share Price vs Fair Value Explore Temenos's Fair Values from the Community and select yours Investors...분석 기사 • Jul 30There's Reason For Concern Over Temenos AG's (VTX:TEMN) Massive 26% Price JumpThe Temenos AG ( VTX:TEMN ) share price has done very well over the last month, posting an excellent gain of 26...Reported Earnings • Jul 24Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond 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 exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.New Risk • Jul 23New 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 Swiss stocks, typically moving 3.5% 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 (3.5% average weekly change). Minor Risk High level of debt (85% net debt to equity).Valuation Update With 7 Day Price Move • Jul 23Investor sentiment improves as stock rises 26%After last week's 26% share price gain to CHF73.05, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 25x in the Software industry in Europe. Total returns to shareholders of 3.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CHF65.58 per share.New Risk • Jul 04New major risk - Revenue and earnings growthEarnings have declined by 3.9% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 3.9% per year over the past 5 years. Minor Risk High level of debt (85% net debt to equity).New Risk • Jun 24New major risk - Revenue and earnings growthEarnings have declined by 3.9% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 3.9% per year over the past 5 years. Minor Risk High level of debt (85% net debt to equity).공고 • 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.공고 • 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, 2026공고 • 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.공고 • 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.Upcoming Dividend • May 08Upcoming dividend of CHF1.30 per shareEligible shareholders must have bought the stock before 15 May 2025. Payment date: 19 May 2025. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Swiss dividend payers (4.0%). Higher than average of industry peers (1.0%).Reported Earnings • Apr 23First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2025 results: EPS: US$0.41 (down from US$0.44 in 1Q 2024). Revenue: US$232.2m (up 1.0% from 1Q 2024). Net income: US$29.0m (down 10.0% from 1Q 2024). Profit margin: 13% (down from 14% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) exceeded analyst estimates by 6.1%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.공고 • Apr 23Temenos AG (SWX:TEMN) announces an Equity Buyback for CHF 250 million worth of its shares.Temenos AG (SWX:TEMN) announces a share repurchase program. Under the program, the company will repurchase up to CHF 250 million worth of its shares. The shares are being repurchased for the purpose of the subsequent capital reduction intended to be proposed to the next ordinary Annual General Meeting. The program will expire on December 30, 2025, at the latest.공고 • Apr 17Temenos AG, Annual General Meeting, May 13, 2025Temenos AG, Annual General Meeting, May 13, 2025, at 11:30 W. Europe Standard Time.Buy Or Sell Opportunity • Apr 09Now 19% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to CHF59.90. The fair value is estimated to be CHF73.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.3%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 6.1% per annum over the same time period.Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CHF59.90, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 20x in the Software industry in Europe. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CHF73.89 per share.Declared Dividend • Feb 23Dividend of CHF1.30 announcedShareholders will receive a dividend of CHF1.30. Ex-date: 15th May 2025 Payment date: 19th May 2025 Dividend yield will be 1.7%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (37% 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 grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공고 • Feb 21Temenos AG announces Annual dividend, payable on May 19, 2025Temenos AG announced Annual dividend of CHF 1.3000 per share payable on May 19, 2025, ex-date on May 15, 2025 and record date on May 16, 2025.Reported Earnings • Feb 19Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$2.46 (up from US$1.87 in FY 2023). Revenue: US$1.04b (up 4.4% from FY 2023). Net income: US$177.2m (up 32% from FY 2023). Profit margin: 17% (up from 14% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 7% per year.Buy Or Sell Opportunity • Feb 07Now 21% undervaluedOver the last 90 days, the stock has risen 31% to CHF78.05. The fair value is estimated to be CHF98.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.공고 • Feb 07Montagu Private Equity LLP agreed to acquire IGEFI Group s.à r.l. from Temenos AG (SWX:TEMN).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.공고 • Nov 19Temenos Powers On-Premises Generative AI for Real-Time Banking with NVIDIA Accelerated ComputingTemenos announced it is bringing high-performance, on-premises Temenos generative AI — built with the NVIDIA AI platform — to banks, empowering them to transform data into real-time insights while retaining full control over their information. Banks can deliver more personalized, customer-centered experiences by processing unstructured data efficiently and securely on site with Temenos’ generative AI built with the NVIDIA accelerated computing platform, including NVIDIA GPUs and NVIDIA AI Enterprise software. With this announcement, Temenos will deploy its own generative AI on premises on NVIDIA’s accelerated computing platform, providing banks with exceptional speed and precision in delivering AI-driven services. Temenos generative AI is executed using NVIDIA NIM microservices, part of the NVIDIA AI Enterprise software platform, which provides optimized AI inference throughput and latency, as well as facilitated deployment, scaling, monitoring and management of AI models. Hence, Temenos’ generative AI solutions on NVIDIA’s platform give banks the flexibility to scale their AI capabilities and meet customer demands quickly, supporting more effective, responsive and compliant banking. The collaboration with NVIDIA emphasizes Temenos’ commitment to responsible AI, allowing banks to harness the full power of data while ensuring privacy and control. With the high-performance NVIDIA AI platform, Temenos is helping banks future-proof their operations and elevate the customer experience. Explainable AI is embedded in multiple areas within Temenos solutions including credit scoring, anti-money laundering, payment exceptions, customer engagement and cross-selling. Temenos generative AI solutions can give business users instant access to unique insights and reports, enabling them to transform operations, increase productivity and enhance customer experience. Additionally, Temenos generative AI solutions will run on NVIDIA’s verified deployment architecture, enabling them to be distributed and deployed by NVIDIA’s network of partners.Reported Earnings • Oct 24Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2024 results: EPS: US$0.43 (up from US$0.30 in 3Q 2023). Revenue: US$246.9m (up 4.3% from 3Q 2023). Net income: US$30.8m (up 41% from 3Q 2023). Profit margin: 13% (up from 9.2% in 3Q 2023). Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates by 46%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings.공고 • Oct 07Temenos Appoints Barb Morgan as Chief Product and Technology OfficerTemenos announced the appointment of Barb Morgan, as Chief Product and Technology Officer. Reporting to Temenos CEO Jean-Pierre Brulard, Barb will join the company's Executive Committee and lead the technology and product organization. Her appointment is effective immediately. Barb brings over 25 years of experience leading global product development organizations, particularly in banking and financial services. With a strong background in integrating cutting-edge AI technologies, she has consistently transformed business operations and driven customer-centric innovation. At Temenos, Barb will focus on expanding the company's global footprint through a scalable cloud-based platform and advanced AI-driven solutions that meet the evolving needs of financial institutions. Her leadership in building high-performance teams and launching transformative products has enabled organizations to increase operational efficiency and deliver sustained growth. Barb joins Temenos from the London Stock Exchange Group (LSEG), where she served as Group Head of Product for Data and Analytics, leading the Microsoft-LSEG partnership. Prior to LSEG, she served as Chief Technology Development Officer at Fidelity National Information Services Inc. (FIS), where she led global payments and banking product engineering, leveraging her in-depth knowledge of the US financial technology market. Throughout her career, Barb also has held leadership roles at renowned companies including Capital One, Boeing, and Lucent Technologies, and has consistently empowered diverse teams to deliver cutting-edge technologies. Barb is taking over from Prema Varadhan who is stepping down after 25 years of service with the Company to move to the next stage in her career.Reported Earnings • Sep 17Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: US$0.51 (down from US$0.53 in 2Q 2023). Revenue: US$248.4m (up 3.9% from 2Q 2023). Net income: US$37.1m (down 3.3% from 2Q 2023). Profit margin: 15% (down from 16% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 6.1%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings.공고 • Jul 26Temenos Announces Executive AppointmentsTemenos announced two key executive appointments to accelerate business growth and capture the market opportunity in SaaS and in the US. Isabelle Guis has joined as Chief Marketing Officer and member of the Executive Committee reporting to the CEO Jean-Pierre Brulard. In addition, Monty Bhatia is appointed Executive Vice President (EVP) of Global Alliances and Partner Ecosystem reporting to the Chief Revenue Officer, William Moroney. Both appointments are taking place with immediate effect. Based in the US for over 20 years, Isabelle Guis will lead Temenos’ go-to-market, product and solutions positioning as well as demand generation and marketing communications activities. Isabelle brings over a decade of SaaS experience, spearheading go-to-market growth strategies and overseeing product marketing and management for global SaaS organizations like Salesforce. Isabelle drove marketing driven growth at Commvault, a data protection public company, where the company grew its ACV revenues at a factor of x10 during her tenure. She has extensive experience in taking applications to market for the line of business and IT audiences. She has held leadership roles in blue-chip companies such as Avaya, Cisco, and EMC. A European native with global experience, she has a strong understanding of the US market, and has worked in France. Monty Bhatia is a seasoned US-based executive and will drive Temenos’ partner strategy to accelerate the growth of the company’s partner ecosystem. Monty has over 30 years of industry experience in management and commercial leadership roles in software, infrastructure and technology companies. As a Vice President for Global System Integrators at VMware, he helped maximize revenue growth through strategic partnerships. He has also worked for major hyperscalers such as AWS driving strategic offerings and sales campaigns with large System Integrator firms on a global scale. As EVP of Global Alliances and Partner Ecosystem, Monty will strengthen Temenos’ partnerships with hyperscalers, technology partners, Temenos Exchange providers, global system integrators and delivery partners to advance the joint go-to-market strategies particularly in the US.Reported Earnings • Jul 24Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: US$0.51 (down from US$0.53 in 2Q 2023). Revenue: US$248.4m (up 3.9% from 2Q 2023). Net income: US$37.1m (down 3.3% from 2Q 2023). Profit margin: 15% (down from 16% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 6.1%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings.Board Change • Jul 18High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent and non-executive Director Michael Andres Gorriz was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공고 • Jul 02+ 5 more updatesTemenos AG to Report Q4, 2024 Results on Feb 18, 2025Temenos AG announced that they will report Q4, 2024 results on Feb 18, 2025공고 • May 17Temenos Sets Sustainability Benchmark for Cloud-Native Core Banking with MicrosoftTemenos announced the results of a sustainability benchmark for its cloud-native banking platform running on Microsoft Azure, demonstrating the efficiency to handle the variable demands of digital transactions while also supporting banks to meet their sustainability goals. The Microsoft benchmark simulated a client using Temenos Retail Enterprise Services with 25 million customers and 38 million accounts, processing 12 million loans on a single instance. Having previously set a record highwater benchmark for the volume of transactions per second (TPS), this latest benchmark showed the advances in Temenos’ leaner and more sustainable architecture, with up to 52%like-for-like efficiency improvement for the tested workloads compared to the previous release. From a 2021 baseline and validated by GoCodeGreen, Temenos has reduced the carbon impact of its software by over 50%. Improving the performance with more efficient code and leaner architecture means less demand for infrastructure, less processing power needed and consequently less energy consumed and lower carbon emissions. Combined with Temenos sustainable operations and the sustainability of hyperscaler partners like Microsoft, this brings added environmental benefits for banks choosing to deploy Temenos solutions on public cloud or as SaaS. Temenos continuously invests in its cloud-native platform to ensure it leverages the latest advances and innovations from hyperscalers.공고 • May 16Temenos Introduces Temenos Positions to Transform Banking OperationsTemenos introduced Temenos Positions, a financial processing solution designed to transform banking operations for institutions with complex, multi-core systems across multiple lines of business in both Retail and Corporate banking. Temenos Positions serves as a real-time source for maintaining and sharing balances, instruments, and financial movements across an entire bank's system landscape, regardless of underlying technology stack. This allows banks to reduce operational risk, increase financial efficiency, and develop and quickly take to market complex financial products and services, thus increasing profitability and customer experience. Many banks run on legacy technology stacks with multiple core systems operating in silos and face massive challenges in core transformation because of the complexity of replacing the entire IT landscape. This results in a lack of a 360-degree view of real-time financial positions, high costs of integration and reconciliation and manual processing. With Temenos Financial Positions, banks can address their immediate operational efficiency needs and can also embark on a progressive modernization journey without having to transform their entire core banking platform. Composed of Temenos banking capabilities, Temenos Positions leverages decades of investment in the Temenos core banking platform. This investment ensures that it can meet the complex use cases for back value processing and multiple balance types. The solution is designed for serverless deployment - a new leaner and faster way for Temenos to build and release solutions. This new deployment technology builds and deploys capabilities as discrete libraries offering up to 30% faster deployment and supporting cloud-native deployments on a single database. Additionally, the solution is extensible to other related areas such as party and pricing, further enhancing its versatility.공고 • May 15Temenos Launches the First Responsible Generative AI Solutions for Core BankingTemenos launched its groundbreaking Responsible Generative AI solutions as part of its AI infused banking platform. These secure solutions seamlessly integrate with Temenos Core and Financial Crime Mitigation (FCM), revolutionizing the way banks interact with their data, boosting productivity and profitability to realize substantial return on investment. Temenos has invested extensively in R&D to support its AI initiatives, resulting in patented Explainable AI (XAI) solutions. Temenos is now extending its leadership to Generative AI for banking and with its AI infused platform is enabling banks to deploy AI solutions faster and safer. With Temenos Generative AI, users can engage in natural language queries to generate unique insights and reports, significantly reducing the time it takes for business stakeholders to access and unlock the power of crucial data. For example, responses and results for the most profitable customers by customer type and demographics become instantaneous and accessible. Temenos Generative AI is transparent and explainable, allowing users and regulators to verify the results produced. Furthermore, with a robust permissions and access security framework, these solutions can transform efficiency, operations, and product management in banking. Temenos Generative AI both addresses the main challenges banks face in deploying and integrating this type of technology with their existing data infrastructure, while also addressing their data security and privacy concerns. The new Generative AI solutions can be applied in customer and middle office operations or product development, enabling banks to create products in real-time based on customers’ preferences. The new solutions help banks augment the power of their users and their expertise with the insights drawn from Explainable and Generative AI. They can be deployed as standalone for banks, connecting with their existing core systems with minimal integration. The solutions can be deployed on-premise, on any public or private clouds, or delivered via Temenos SaaS. In core banking operations, Temenos Generative AI enhances user workflows, journeys, and day-to-day queries, enabling banks to revolutionize productivity in product creation and account management. By reducing the time and effort required to produce insights, reports, and actions, Temenos Generative AI empowers business users to communicate with data using free text speech, gaining unique insights expressed in a simple manner. This streamlined process promises to substantially cut the time spent on these tasks, allowing banks to focus on optimizing operations and enhancing customer experience.공고 • Apr 26Temenos Announces Chief Executive Officer ChangesTemenos AG announce the appointment of Jean-Pierre Brulard as Chief Executive Officer ('CEO') of the Company, effective on May 1, 2024. Andreas Andreades will retire from Temenos after 25 years of dedicated service, including 11 years as Executive Chairman and, since January 2023, taking on the role of CEO during the Board's extended search for a replacement. Mr. Brulard has a strong global track record in sales and commercial leadership with software, infrastructure and technology companies. He has spent the last fourteen years at VMWare, a $61 billion US listed Cloud Computing and Virtualization Software Company, before its sale to Broadcom in 2023. He was Executive Vice President ('EVP'), Worldwide Sales and a member of the Executive Committee and oversaw strategic planning, business operations, go-to-market strategy, and management of VMware's revenue globally. He successfully drove VMWare's business transformation and has extensive experience of the financial services sector. Prior to VMware, Mr. Brulard was Senior Vice President and General Manager, EMEA at Business Objects (the European software company acquired by SAP), from 2000-2008. Jean-Pierre also previously held roles at Sun Microsystems and IBM. He has served as Board member of TalentSoft in France. Remuneration arrangements around the appointment will be disclosed in due course and Mr. Brulard will be located in Switzerland.Reported Earnings • Apr 16Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: US$1.87 (up from US$1.60 in FY 2022). Revenue: US$1.00b (up 5.3% from FY 2022). Net income: US$134.7m (up 18% from FY 2022). Profit margin: 14% (up from 12% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.4%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 20% per year.Valuation Update With 7 Day Price Move • Apr 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CHF73.40, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 18x in the Software industry in Europe. Total loss to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CHF91.62 per share.Declared Dividend • Feb 25Dividend of CHF1.20 announcedShareholders will receive a dividend of CHF1.20. Ex-date: 10th May 2024 Payment date: 14th May 2024 Dividend yield will be 1.9%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 21Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: US$1.87 (up from US$1.60 in FY 2022). Revenue: US$1.00b (up 5.3% from FY 2022). Net income: US$134.7m (up 18% from FY 2022). Profit margin: 14% (up from 12% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.4%. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 21% per year.New Risk • Feb 15New 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 Swiss stocks, typically moving 8.7% 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 (8.7% average weekly change). Minor Risk High level of debt (130% net debt to equity).Buy Or Sell Opportunity • Feb 15Now 34% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.3% to CHF63.54. The fair value is estimated to be CHF96.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 14%. For the next 3 years, revenue is forecast to grow by 7.4% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: TEMN 의 주당 배당금은 지난 10 년 동안 안정적이었습니다.배당금 증가: TEMN 의 배당금 지급은 지난 10 년 동안 증가했습니다.배당 수익률 vs 시장Temenos 배당 수익률 vs 시장TEMN의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (TEMN)2.0%시장 하위 25% (CH)2.0%시장 상위 25% (CH)3.6%업계 평균 (Software)2.0%분석가 예측 (TEMN) (최대 3년)2.4%주목할만한 배당금: TEMN 의 배당금( 2.01% )은 Swiss 시장에서 배당금 지급자의 하위 25%( 1.99% )보다 높습니다.고배당: TEMN 의 배당금( 2.01% )은 Swiss 시장에서 배당금 지급자의 상위 25%( 3.61% )와 비교해 낮습니다.주주 대상 이익 배당수익 보장: 합리적으로 낮은 지불 비율 ( 43.5% )로 TEMN 의 배당금 지급은 수익으로 충분히 충당됩니다.주주 현금 배당현금 흐름 범위: 합리적으로 낮은 현금 지급 비율 ( 40% )로 TEMN 의 배당금 지급은 현금 흐름으로 잘 충당됩니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YCH 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/14 15:11종가2026/07/14 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Temenos AG는 30명의 분석가가 다루고 있습니다. 이 중 15명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Alexander ToutArete Research Services LLPKnut WollerBaader Helvea Equity ResearchRaimo LenschowBarclays27명의 분석가 더 보기
Upcoming Dividend • May 11Upcoming dividend of CHF1.40 per shareEligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Swiss dividend payers (3.7%). In line with average of industry peers (1.8%).
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 2.0%, 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.
공고 • 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.
공고 • 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.
Upcoming Dividend • May 08Upcoming dividend of CHF1.30 per shareEligible shareholders must have bought the stock before 15 May 2025. Payment date: 19 May 2025. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Swiss dividend payers (4.0%). Higher than average of industry peers (1.0%).
공고 • Apr 23Temenos AG (SWX:TEMN) announces an Equity Buyback for CHF 250 million worth of its shares.Temenos AG (SWX:TEMN) announces a share repurchase program. Under the program, the company will repurchase up to CHF 250 million worth of its shares. The shares are being repurchased for the purpose of the subsequent capital reduction intended to be proposed to the next ordinary Annual General Meeting. The program will expire on December 30, 2025, at the latest.
내러티브 업데이트 • Jul 10TEMN: Recent Earnings Execution Will Support Higher Multiple RepricingThe analyst price target for Temenos has been raised from CHF 75.31 to CHF 84.45. Analysts attribute this change to updated assumptions on growth, profitability and P/E expectations that are consistent with recent target increases across the Street.
New Risk • Jul 01New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swiss stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (155% net debt to equity). Share price has been volatile over the past 3 months (5.7% average weekly change). Large one-off items impacting financial results.
내러티브 업데이트 • Jun 26TEMN: AI Rollout And Banking Wins Will Support Stronger Re RatingAnalysts have lifted their Temenos price target by CHF 7 to reflect updated assumptions for fair value, revenue growth, profit margins, and a lower future P/E multiple. Analyst Commentary Recent Street research on Temenos points to a cluster of constructive views, with several bullish analysts lifting price targets and one major bank upgrading the stock.
공고 • Jun 09Temenos AG (SWX:TEMN) entered into a definitive agreement to acquire additiv AG from BZ Bank, Investment Arm and Patinex AG, management, Board of Directors and employees and other shareholders.Temenos AG (SWX:TEMN) entered into a definitive agreement to acquire additiv AG from BZ Bank, Investment Arm and Patinex AG, management, Board of Directors and employees and other shareholders on June 8, 2026. The consideration paid 50% in cash and 50% in equity. The transaction is subject to customary closing conditions. Completion is expected in early Q3-26. The transaction is expected to be marginally accretive to Temenos’ FY-26 ARR and non-IFRS subscription and SaaS guidance. Dieter Gericke and Daniel Häusermann of Homburger acted as legal advisor for Temenos AG. IFBC AG acted as fairness opinion provider for Temenos AG.
실시간 뉴스 • Jun 09Temenos Moves to Expand AI Wealth Management With Additiv AcquisitionTemenos has agreed to acquire Swiss fintech additiv AG, a provider of AI-enabled orchestration technology for wealth and financial services. The deal is aimed at strengthening Temenos' Wealth Management offering and extending its AI-driven orchestration capabilities across financial institutions. The transaction is expected to close in early Q3 2026, with additiv set to continue operating under its own brand after completion. This deal points to Temenos leaning further into AI and wealth-focused software, areas where banks and wealth managers are actively looking for more automation and tailored digital experiences. Investors may want to watch how Temenos integrates additiv’s technology and brand over time, since the benefits of the acquisition will depend on product alignment, cross-selling and how smoothly the two platforms work together for clients.
Upcoming Dividend • May 11Upcoming dividend of CHF1.40 per shareEligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Swiss dividend payers (3.7%). In line with average of industry peers (1.8%).
공고 • May 10Temenos Launches Embedded AI Capabilities to Help Banks Move Faster, Stay in Control, and Create Better ExperiencesTemenos announced new AI-powered product capabilities launching at Temenos Community Forum 2026. The new releases include Temenos AI Agents, Copilots and Conversational Studio embedded across Temenos’ Core and Digital Banking products, as well as its Financial Crime Mitigation (FCM) solution. The new AI capabilities unveiled at TCF 2026 include: Conversational Studio for Digital, a natural-language environment for building end-to-end digital banking journeys. Temenos Copilot for Workbench, helping developers build, plan and execute custom platform extensions using AI Agents. Temenos Copilot for Core - Branch Manager & Branch Officer personas, extending conversational support to branch officers and managers. Temenos FCM AI Agent for Instant Payments, extending financial crime controls to real-time payment flows. Conversational interfaces are transforming how users interact with Temenos systems by enabling natural-language interaction with the platform. This improves productivity, reduces operational friction, and makes complex banking functionality accessible to a broader set of users. In 2025, Temenos launched Temenos Copilot for Core, where users engage directly with the system using natural language to accelerate decision-making. AI Agents further increase operational capacity, reduce friction and risk, and help banks scale efficiently while maintaining auditability and human oversight. A Tier 1 bank using the Temenos FCM AI Agent, also launched in 2025, is now processing hundreds of thousands of sanctions screening cases and automating more than twenty percent of alerts, allowing teams to focus on higher-complexity work. Conversational Studio provides the governed, build environments where banks can design and deploy new experiences through natural language, accelerating innovation while maintaining control.
공고 • May 08Temenos Launches Composable Retail Deposits And Composable Retail LendingTemenos launched Composable Retail Deposits and Composable Retail Lending, new Temenos Composable Solutions designed to help banks progressively modernize key retail banking domains, reducing risk while accelerating change. Retail deposits and lending sit at the heart of a bank’s operating model, yet many are still constrained by legacy platforms that are slow to change, costly to upgrade and difficult to integrate with new technologies. As customer expectations, competitive pressures and regulatory demands increase, banks need more flexible ways to modernise these domains. Temenos’ Composable Retail Deposits and Composable Retail Lending are cloud-native, standalone capabilities that integrate into a bank’s existing technology landscape through APIs and event-driven connections. Each capability is independent, with clear functional boundaries and its own deployment and upgrade cycle, ensuring that changes in one area do not ripple across other systems. Together, these capabilities enable banks to modernize deposits and lending progressively, improve speed to market and reduce the risk and disruption typically associated with traditional core upgrades. Temenos’ composable deposit and lending solutions were developed in collaboration with Design Partner clients, including Raiffeisen Bank International, supporting product development in line with real-world banking needs.
분석 기사 • Apr 28Temenos' (VTX:TEMN) Solid Profits Have Weak FundamentalsTemenos AG ( VTX:TEMN ) announced strong profits, but the stock was stagnant. Our analysis suggests that shareholders...
Buy Or Sell Opportunity • Apr 27Now 20% undervaluedOver the last 90 days, the stock has risen 1.4% to CHF73.75. The fair value is estimated to be CHF92.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings are also forecast to grow by 2.2% per annum over the same time period.
분석 기사 • Apr 24Earnings Beat: Temenos AG Just Beat Analyst Forecasts, And Analysts Have Been Updating Their ModelsTemenos AG ( VTX:TEMN ) just released its quarterly report and things are looking bullish. Temenos beat earnings, with...
Reported Earnings • Apr 22First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst 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 exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Apr 12Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 19% to CHF68.90. The fair value is estimated to be CHF86.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 38%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are forecast to decline by 0.4% per annum over the same time period.
공고 • 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). Share price has been volatile over the past 3 months (6.1% average weekly change). 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 2.0%, 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.
공고 • 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: Revenues exceed analysts expectations while EPS lags behindFull 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 exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 2.4%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
분석 기사 • Feb 02Investors Should Be Encouraged By Temenos' (VTX:TEMN) Returns On CapitalFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
새로운 내러티브 • Jan 23Digital Banking And Cloud Migration Will Support A Stronger Long Term OutlookCatalysts About Temenos Temenos provides core banking, payments and SaaS software to banks and financial institutions globally. What are the underlying business or industry changes driving this perspective?
공고 • 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.
분석 기사 • Dec 03Is Temenos (VTX:TEMN) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Reported Earnings • Oct 30Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird 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 exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates by 69%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has increased by 32% 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 • Oct 29Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CHF74.45, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 22x in the Software industry in Europe. Total returns to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CHF72.36 per share.
분석 기사 • Oct 01Is Now An Opportune Moment To Examine Temenos AG (VTX:TEMN)?Temenos AG ( VTX:TEMN ), might not be a large cap stock, but it saw a decent share price growth of 15% on the SWX over...
공고 • 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.
분석 기사 • Sep 19Temenos' (VTX:TEMN) Promising Earnings May Rest On Soft FoundationsDespite posting some strong earnings, the market for Temenos AG's ( VTX:TEMN ) stock hasn't moved much. Our analysis...
Reported Earnings • Sep 14Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond 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 exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Sep 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CHF59.45, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 24x in the Software industry in Europe. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CHF67.73 per share.
분석 기사 • Aug 24Temenos (VTX:TEMN) Seems To Use Debt Rather SparinglySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
분석 기사 • Aug 11Does Temenos (VTX:TEMN) Deserve A Spot On Your Watchlist?SWX:TEMN 1 Year Share Price vs Fair Value Explore Temenos's Fair Values from the Community and select yours Investors...
분석 기사 • Jul 30There's Reason For Concern Over Temenos AG's (VTX:TEMN) Massive 26% Price JumpThe Temenos AG ( VTX:TEMN ) share price has done very well over the last month, posting an excellent gain of 26...
Reported Earnings • Jul 24Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond 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 exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
New Risk • Jul 23New 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 Swiss stocks, typically moving 3.5% 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 (3.5% average weekly change). Minor Risk High level of debt (85% net debt to equity).
Valuation Update With 7 Day Price Move • Jul 23Investor sentiment improves as stock rises 26%After last week's 26% share price gain to CHF73.05, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 25x in the Software industry in Europe. Total returns to shareholders of 3.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CHF65.58 per share.
New Risk • Jul 04New major risk - Revenue and earnings growthEarnings have declined by 3.9% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 3.9% per year over the past 5 years. Minor Risk High level of debt (85% net debt to equity).
New Risk • Jun 24New major risk - Revenue and earnings growthEarnings have declined by 3.9% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 3.9% per year over the past 5 years. Minor Risk High level of debt (85% net debt to equity).
공고 • 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.
공고 • 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
공고 • 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.
공고 • 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.
Upcoming Dividend • May 08Upcoming dividend of CHF1.30 per shareEligible shareholders must have bought the stock before 15 May 2025. Payment date: 19 May 2025. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Swiss dividend payers (4.0%). Higher than average of industry peers (1.0%).
Reported Earnings • Apr 23First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2025 results: EPS: US$0.41 (down from US$0.44 in 1Q 2024). Revenue: US$232.2m (up 1.0% from 1Q 2024). Net income: US$29.0m (down 10.0% from 1Q 2024). Profit margin: 13% (down from 14% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) exceeded analyst estimates by 6.1%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
공고 • Apr 23Temenos AG (SWX:TEMN) announces an Equity Buyback for CHF 250 million worth of its shares.Temenos AG (SWX:TEMN) announces a share repurchase program. Under the program, the company will repurchase up to CHF 250 million worth of its shares. The shares are being repurchased for the purpose of the subsequent capital reduction intended to be proposed to the next ordinary Annual General Meeting. The program will expire on December 30, 2025, at the latest.
공고 • Apr 17Temenos AG, Annual General Meeting, May 13, 2025Temenos AG, Annual General Meeting, May 13, 2025, at 11:30 W. Europe Standard Time.
Buy Or Sell Opportunity • Apr 09Now 19% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to CHF59.90. The fair value is estimated to be CHF73.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.3%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 6.1% per annum over the same time period.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CHF59.90, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 20x in the Software industry in Europe. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CHF73.89 per share.
Declared Dividend • Feb 23Dividend of CHF1.30 announcedShareholders will receive a dividend of CHF1.30. Ex-date: 15th May 2025 Payment date: 19th May 2025 Dividend yield will be 1.7%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (37% 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 grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공고 • Feb 21Temenos AG announces Annual dividend, payable on May 19, 2025Temenos AG announced Annual dividend of CHF 1.3000 per share payable on May 19, 2025, ex-date on May 15, 2025 and record date on May 16, 2025.
Reported Earnings • Feb 19Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$2.46 (up from US$1.87 in FY 2023). Revenue: US$1.04b (up 4.4% from FY 2023). Net income: US$177.2m (up 32% from FY 2023). Profit margin: 17% (up from 14% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 7% per year.
Buy Or Sell Opportunity • Feb 07Now 21% undervaluedOver the last 90 days, the stock has risen 31% to CHF78.05. The fair value is estimated to be CHF98.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.
공고 • Feb 07Montagu Private Equity LLP agreed to acquire IGEFI Group s.à r.l. from Temenos AG (SWX:TEMN).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.
공고 • Nov 19Temenos Powers On-Premises Generative AI for Real-Time Banking with NVIDIA Accelerated ComputingTemenos announced it is bringing high-performance, on-premises Temenos generative AI — built with the NVIDIA AI platform — to banks, empowering them to transform data into real-time insights while retaining full control over their information. Banks can deliver more personalized, customer-centered experiences by processing unstructured data efficiently and securely on site with Temenos’ generative AI built with the NVIDIA accelerated computing platform, including NVIDIA GPUs and NVIDIA AI Enterprise software. With this announcement, Temenos will deploy its own generative AI on premises on NVIDIA’s accelerated computing platform, providing banks with exceptional speed and precision in delivering AI-driven services. Temenos generative AI is executed using NVIDIA NIM microservices, part of the NVIDIA AI Enterprise software platform, which provides optimized AI inference throughput and latency, as well as facilitated deployment, scaling, monitoring and management of AI models. Hence, Temenos’ generative AI solutions on NVIDIA’s platform give banks the flexibility to scale their AI capabilities and meet customer demands quickly, supporting more effective, responsive and compliant banking. The collaboration with NVIDIA emphasizes Temenos’ commitment to responsible AI, allowing banks to harness the full power of data while ensuring privacy and control. With the high-performance NVIDIA AI platform, Temenos is helping banks future-proof their operations and elevate the customer experience. Explainable AI is embedded in multiple areas within Temenos solutions including credit scoring, anti-money laundering, payment exceptions, customer engagement and cross-selling. Temenos generative AI solutions can give business users instant access to unique insights and reports, enabling them to transform operations, increase productivity and enhance customer experience. Additionally, Temenos generative AI solutions will run on NVIDIA’s verified deployment architecture, enabling them to be distributed and deployed by NVIDIA’s network of partners.
Reported Earnings • Oct 24Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2024 results: EPS: US$0.43 (up from US$0.30 in 3Q 2023). Revenue: US$246.9m (up 4.3% from 3Q 2023). Net income: US$30.8m (up 41% from 3Q 2023). Profit margin: 13% (up from 9.2% in 3Q 2023). Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates by 46%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings.
공고 • Oct 07Temenos Appoints Barb Morgan as Chief Product and Technology OfficerTemenos announced the appointment of Barb Morgan, as Chief Product and Technology Officer. Reporting to Temenos CEO Jean-Pierre Brulard, Barb will join the company's Executive Committee and lead the technology and product organization. Her appointment is effective immediately. Barb brings over 25 years of experience leading global product development organizations, particularly in banking and financial services. With a strong background in integrating cutting-edge AI technologies, she has consistently transformed business operations and driven customer-centric innovation. At Temenos, Barb will focus on expanding the company's global footprint through a scalable cloud-based platform and advanced AI-driven solutions that meet the evolving needs of financial institutions. Her leadership in building high-performance teams and launching transformative products has enabled organizations to increase operational efficiency and deliver sustained growth. Barb joins Temenos from the London Stock Exchange Group (LSEG), where she served as Group Head of Product for Data and Analytics, leading the Microsoft-LSEG partnership. Prior to LSEG, she served as Chief Technology Development Officer at Fidelity National Information Services Inc. (FIS), where she led global payments and banking product engineering, leveraging her in-depth knowledge of the US financial technology market. Throughout her career, Barb also has held leadership roles at renowned companies including Capital One, Boeing, and Lucent Technologies, and has consistently empowered diverse teams to deliver cutting-edge technologies. Barb is taking over from Prema Varadhan who is stepping down after 25 years of service with the Company to move to the next stage in her career.
Reported Earnings • Sep 17Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: US$0.51 (down from US$0.53 in 2Q 2023). Revenue: US$248.4m (up 3.9% from 2Q 2023). Net income: US$37.1m (down 3.3% from 2Q 2023). Profit margin: 15% (down from 16% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 6.1%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings.
공고 • Jul 26Temenos Announces Executive AppointmentsTemenos announced two key executive appointments to accelerate business growth and capture the market opportunity in SaaS and in the US. Isabelle Guis has joined as Chief Marketing Officer and member of the Executive Committee reporting to the CEO Jean-Pierre Brulard. In addition, Monty Bhatia is appointed Executive Vice President (EVP) of Global Alliances and Partner Ecosystem reporting to the Chief Revenue Officer, William Moroney. Both appointments are taking place with immediate effect. Based in the US for over 20 years, Isabelle Guis will lead Temenos’ go-to-market, product and solutions positioning as well as demand generation and marketing communications activities. Isabelle brings over a decade of SaaS experience, spearheading go-to-market growth strategies and overseeing product marketing and management for global SaaS organizations like Salesforce. Isabelle drove marketing driven growth at Commvault, a data protection public company, where the company grew its ACV revenues at a factor of x10 during her tenure. She has extensive experience in taking applications to market for the line of business and IT audiences. She has held leadership roles in blue-chip companies such as Avaya, Cisco, and EMC. A European native with global experience, she has a strong understanding of the US market, and has worked in France. Monty Bhatia is a seasoned US-based executive and will drive Temenos’ partner strategy to accelerate the growth of the company’s partner ecosystem. Monty has over 30 years of industry experience in management and commercial leadership roles in software, infrastructure and technology companies. As a Vice President for Global System Integrators at VMware, he helped maximize revenue growth through strategic partnerships. He has also worked for major hyperscalers such as AWS driving strategic offerings and sales campaigns with large System Integrator firms on a global scale. As EVP of Global Alliances and Partner Ecosystem, Monty will strengthen Temenos’ partnerships with hyperscalers, technology partners, Temenos Exchange providers, global system integrators and delivery partners to advance the joint go-to-market strategies particularly in the US.
Reported Earnings • Jul 24Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: US$0.51 (down from US$0.53 in 2Q 2023). Revenue: US$248.4m (up 3.9% from 2Q 2023). Net income: US$37.1m (down 3.3% from 2Q 2023). Profit margin: 15% (down from 16% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 6.1%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings.
Board Change • Jul 18High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent and non-executive Director Michael Andres Gorriz was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공고 • Jul 02+ 5 more updatesTemenos AG to Report Q4, 2024 Results on Feb 18, 2025Temenos AG announced that they will report Q4, 2024 results on Feb 18, 2025
공고 • May 17Temenos Sets Sustainability Benchmark for Cloud-Native Core Banking with MicrosoftTemenos announced the results of a sustainability benchmark for its cloud-native banking platform running on Microsoft Azure, demonstrating the efficiency to handle the variable demands of digital transactions while also supporting banks to meet their sustainability goals. The Microsoft benchmark simulated a client using Temenos Retail Enterprise Services with 25 million customers and 38 million accounts, processing 12 million loans on a single instance. Having previously set a record highwater benchmark for the volume of transactions per second (TPS), this latest benchmark showed the advances in Temenos’ leaner and more sustainable architecture, with up to 52%like-for-like efficiency improvement for the tested workloads compared to the previous release. From a 2021 baseline and validated by GoCodeGreen, Temenos has reduced the carbon impact of its software by over 50%. Improving the performance with more efficient code and leaner architecture means less demand for infrastructure, less processing power needed and consequently less energy consumed and lower carbon emissions. Combined with Temenos sustainable operations and the sustainability of hyperscaler partners like Microsoft, this brings added environmental benefits for banks choosing to deploy Temenos solutions on public cloud or as SaaS. Temenos continuously invests in its cloud-native platform to ensure it leverages the latest advances and innovations from hyperscalers.
공고 • May 16Temenos Introduces Temenos Positions to Transform Banking OperationsTemenos introduced Temenos Positions, a financial processing solution designed to transform banking operations for institutions with complex, multi-core systems across multiple lines of business in both Retail and Corporate banking. Temenos Positions serves as a real-time source for maintaining and sharing balances, instruments, and financial movements across an entire bank's system landscape, regardless of underlying technology stack. This allows banks to reduce operational risk, increase financial efficiency, and develop and quickly take to market complex financial products and services, thus increasing profitability and customer experience. Many banks run on legacy technology stacks with multiple core systems operating in silos and face massive challenges in core transformation because of the complexity of replacing the entire IT landscape. This results in a lack of a 360-degree view of real-time financial positions, high costs of integration and reconciliation and manual processing. With Temenos Financial Positions, banks can address their immediate operational efficiency needs and can also embark on a progressive modernization journey without having to transform their entire core banking platform. Composed of Temenos banking capabilities, Temenos Positions leverages decades of investment in the Temenos core banking platform. This investment ensures that it can meet the complex use cases for back value processing and multiple balance types. The solution is designed for serverless deployment - a new leaner and faster way for Temenos to build and release solutions. This new deployment technology builds and deploys capabilities as discrete libraries offering up to 30% faster deployment and supporting cloud-native deployments on a single database. Additionally, the solution is extensible to other related areas such as party and pricing, further enhancing its versatility.
공고 • May 15Temenos Launches the First Responsible Generative AI Solutions for Core BankingTemenos launched its groundbreaking Responsible Generative AI solutions as part of its AI infused banking platform. These secure solutions seamlessly integrate with Temenos Core and Financial Crime Mitigation (FCM), revolutionizing the way banks interact with their data, boosting productivity and profitability to realize substantial return on investment. Temenos has invested extensively in R&D to support its AI initiatives, resulting in patented Explainable AI (XAI) solutions. Temenos is now extending its leadership to Generative AI for banking and with its AI infused platform is enabling banks to deploy AI solutions faster and safer. With Temenos Generative AI, users can engage in natural language queries to generate unique insights and reports, significantly reducing the time it takes for business stakeholders to access and unlock the power of crucial data. For example, responses and results for the most profitable customers by customer type and demographics become instantaneous and accessible. Temenos Generative AI is transparent and explainable, allowing users and regulators to verify the results produced. Furthermore, with a robust permissions and access security framework, these solutions can transform efficiency, operations, and product management in banking. Temenos Generative AI both addresses the main challenges banks face in deploying and integrating this type of technology with their existing data infrastructure, while also addressing their data security and privacy concerns. The new Generative AI solutions can be applied in customer and middle office operations or product development, enabling banks to create products in real-time based on customers’ preferences. The new solutions help banks augment the power of their users and their expertise with the insights drawn from Explainable and Generative AI. They can be deployed as standalone for banks, connecting with their existing core systems with minimal integration. The solutions can be deployed on-premise, on any public or private clouds, or delivered via Temenos SaaS. In core banking operations, Temenos Generative AI enhances user workflows, journeys, and day-to-day queries, enabling banks to revolutionize productivity in product creation and account management. By reducing the time and effort required to produce insights, reports, and actions, Temenos Generative AI empowers business users to communicate with data using free text speech, gaining unique insights expressed in a simple manner. This streamlined process promises to substantially cut the time spent on these tasks, allowing banks to focus on optimizing operations and enhancing customer experience.
공고 • Apr 26Temenos Announces Chief Executive Officer ChangesTemenos AG announce the appointment of Jean-Pierre Brulard as Chief Executive Officer ('CEO') of the Company, effective on May 1, 2024. Andreas Andreades will retire from Temenos after 25 years of dedicated service, including 11 years as Executive Chairman and, since January 2023, taking on the role of CEO during the Board's extended search for a replacement. Mr. Brulard has a strong global track record in sales and commercial leadership with software, infrastructure and technology companies. He has spent the last fourteen years at VMWare, a $61 billion US listed Cloud Computing and Virtualization Software Company, before its sale to Broadcom in 2023. He was Executive Vice President ('EVP'), Worldwide Sales and a member of the Executive Committee and oversaw strategic planning, business operations, go-to-market strategy, and management of VMware's revenue globally. He successfully drove VMWare's business transformation and has extensive experience of the financial services sector. Prior to VMware, Mr. Brulard was Senior Vice President and General Manager, EMEA at Business Objects (the European software company acquired by SAP), from 2000-2008. Jean-Pierre also previously held roles at Sun Microsystems and IBM. He has served as Board member of TalentSoft in France. Remuneration arrangements around the appointment will be disclosed in due course and Mr. Brulard will be located in Switzerland.
Reported Earnings • Apr 16Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: US$1.87 (up from US$1.60 in FY 2022). Revenue: US$1.00b (up 5.3% from FY 2022). Net income: US$134.7m (up 18% from FY 2022). Profit margin: 14% (up from 12% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.4%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 20% per year.
Valuation Update With 7 Day Price Move • Apr 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CHF73.40, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 18x in the Software industry in Europe. Total loss to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CHF91.62 per share.
Declared Dividend • Feb 25Dividend of CHF1.20 announcedShareholders will receive a dividend of CHF1.20. Ex-date: 10th May 2024 Payment date: 14th May 2024 Dividend yield will be 1.9%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 21Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: US$1.87 (up from US$1.60 in FY 2022). Revenue: US$1.00b (up 5.3% from FY 2022). Net income: US$134.7m (up 18% from FY 2022). Profit margin: 14% (up from 12% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.4%. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 21% per year.
New Risk • Feb 15New 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 Swiss stocks, typically moving 8.7% 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 (8.7% average weekly change). Minor Risk High level of debt (130% net debt to equity).
Buy Or Sell Opportunity • Feb 15Now 34% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.3% to CHF63.54. The fair value is estimated to be CHF96.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 14%. For the next 3 years, revenue is forecast to grow by 7.4% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.
