View Financial HealthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsVisiativ 배당 및 자사주 매입배당 기준 점검 0/6Visiativ 현재 배당금을 지급하지 않습니다.핵심 정보0%배당 수익률-0.8%자사주 매입 수익률총 주주 수익률-0.8%미래 배당 수익률n/a배당 성장률n/a다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향0%최근 배당 및 자사주 매입 업데이트Upcoming Dividend • May 29Upcoming dividend of €1.10 per share at 3.7% yieldEligible shareholders must have bought the stock before 05 June 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.3%).모든 업데이트 보기Recent updatesReported Earnings • Mar 24Full year 2023 earnings releasedFull year 2023 results: Revenue: €277.5m (up 3.6% from FY 2022). Net income: €10.0m (down 9.9% from FY 2022). Profit margin: 3.6% (down from 4.1% in FY 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the IT industry in Germany.공지 • Mar 20Visiativ SA (ENXTPA:ALVIV) acquired Solid Applications Limited.Visiativ SA (ENXTPA:ALVIV) acquired Solid Applications Limited on January 1, 2024. In 2023, SOLID Applications generated sales of £2 million. The acquisition of 100% of the share capital of Solid Applications Limited, financed entirely in cash.Visiativ SA (ENXTPA:ALVIV) completed the acquisition of Solid Applications Limited on January 1, 2024.Valuation Update With 7 Day Price Move • Feb 13Investor sentiment improves as stock rises 29%After last week's 29% share price gain to €35.00, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the IT industry in Germany. Total returns to shareholders of 80% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €23.19 per share.Buy Or Sell Opportunity • Feb 13Now 51% overvalued after recent price riseOver the last 90 days, the stock has risen 75% to €35.00. The fair value is estimated to be €23.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 50%. Revenue is forecast to grow by 7.4% in 2 years. Earnings are forecast to grow by 3.0% in the next 2 years.공지 • Jan 10+ 2 more updatesVisiativ SA to Report Fiscal Year 2024 Results on Mar 24, 2025Visiativ SA announced that they will report fiscal year 2024 results on Mar 24, 2025New Risk • Oct 28New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €94.1m (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.1% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (€94.1m market cap, or US$99.5m).공지 • Oct 10Visiativ SA (ENXTPA:ALVIV) agreed to acquire 1Life Group.Visiativ SA (ENXTPA:ALVIV) agreed to acquire 1Life Group on October 9, 2023. Financed entirely in cash, the acquisition of 60% of 1Life's capital will be consolidated in Visiativ's financial statements during Q4 2023. 1Life achieved revenue of €10 million in 2022. The transaction is expected to close in the weeks ahead.Reported Earnings • Oct 01First half 2023 earnings released: EPS: €0.75 (vs €0.27 in 1H 2022)First half 2023 results: EPS: €0.75 (up from €0.27 in 1H 2022). Revenue: €127.7m (up 12% from 1H 2022). Net income: €3.40m (up 183% from 1H 2022). Profit margin: 2.7% (up from 1.0% in 1H 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Sep 25Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €26.70, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the IT industry in Germany. Total returns to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €38.78 per share.Buying Opportunity • Sep 21Now 31% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be €39.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 56%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.공지 • Aug 07Visiativ SA (ENXTPA:ALVIV) agreed to acquire All The Assets And Employees Of Techform.Visiativ SA (ENXTPA:ALVIV) agreed to acquire All The Assets And Employees Of Techform on August 7, 2023. This acquisition will strengthen the Visiativ Innovation Platform offered to industrial SMEs and mid-sized companies. The takeover has been welcomed by Techform's employees and customers, reassured by Visiativ's solidity. Visiativ announces it has been chosen by Toulouse Commercial Court to take over all the assets and employees of Techform. Laurent Fiard of Visiativ welcomes TECHFORM teams to Visiativ and be able to offer TECHFORM CPQ solutions to all our SME customers. The strong complementarity of Techform's and Visiativ's respective customer portfolios will contribute to achieving significant commercial synergies. The acquisition is financed entirely in cash. The acquisition of the assets of Techform, which will be consolidated in the second half of 2023.공지 • Aug 01Visiativ SA (ENXTPA:ALVIV) acquired 90% stake in Ebm Gmbh.Visiativ SA (ENXTPA:ALVIV) acquired 90% stake in Ebm Gmbh on July 1, 2023. Transaction is financed entirely in cash. Visiativ SA (ENXTPA:ALVIV) completed the acquisition of 90% stake in Ebm Gmbh on July 1, 2023.Buying Opportunity • Jul 14Now 21% undervaluedOver the last 90 days, the stock is up 11%. The fair value is estimated to be €41.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 56%. For the next 3 years, revenue is forecast to grow by 5.0% per annum. Earnings is also forecast to grow by 14% per annum over the same time period.Upcoming Dividend • May 29Upcoming dividend of €1.10 per share at 3.7% yieldEligible shareholders must have bought the stock before 05 June 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.3%).Valuation Update With 7 Day Price Move • Jan 26Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €36.00, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 20x in the IT industry in Germany. Total returns to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €66.64 per share.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. Independent Director Sylvie Guinard was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공지 • Oct 13Visiativ SA (ENXTPA:ALVIV) agreed to acquire AbsisKey S.A.S.Visiativ SA (ENXTPA:ALVIV) agreed to acquire AbsisKey S.A.S. on October 11, 2022. Post this acquisition Visiativ will have more than 1000 costumers in France for its consulting business. Visativ will start new consulting hub in Poland (Warsaw). Absiskey generated revenue of €8.5m in 2021. François Chollet the current President of Absiskey will continue the development of activities within Visiativ, alongside the main managers of the consulting business. This acquisition remains subject to an information-consultation procedure with employee representative bodies of the companies involved. The transaction is expected to completed in upcoming weeks and Visiativ will consolidate AbsisKey before Q4 2022.Reported Earnings • Oct 02First half 2022 earnings released: EPS: €0.27 (vs €0.25 in 1H 2021)First half 2022 results: EPS: €0.27 (up from €0.25 in 1H 2021). Revenue: €115.7m (up 21% from 1H 2021). Net income: €1.20m (up 9.1% from 1H 2021). Profit margin: 1.0% (in line with 1H 2021). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.공지 • Sep 08Visiativ SA (ENXTPA:ALVIV) and VERTICAL SQUARE SAS agreed to acquire 3c-evolution.Visiativ SA (ENXTPA:ALVIV) and VERTICAL SQUARE SAS agreed to acquire 3c-evolution on September 6, 2022. This 50/50 acquisition by Groupe Vertical and Visiativ ensures a long-term commitment to the joint industrial project that consists in developing a global digital e-commerce offering for industrial SMEs in France and Europe.공지 • Jul 27Visiativ SA (ENXTPA:ALVIV) acquired 68 percent stake in Daxium SAS.Visiativ SA (ENXTPA:ALVIV) acquired 68 percent stake in Daxium SAS on July 26, 2022. The completion took place alongside its founder and CEO Yann de Saint Vaulry, and key managers. Visiativ SA (ENXTPA:ALVIV) completed the acquisition of 68 percent stake in Daxium SAS on July 26, 2022.공지 • Jul 20Visiativ SA (ENXTPA:ALVIV) acquired Braithwaite Technology Consultants Inc.Visiativ SA (ENXTPA:ALVIV) acquired Braithwaite Technology Consultants Inc. on July 1, 2022. The acquisition of 100% of the capital of Braithwaite, which will be consolidated from 1 July 2022, was agreed to be fully funded from cash. Braithwaite generated revenue of around CAD 2.5 million in 2021. Visiativ SA (ENXTPA:ALVIV) completed the acquisition of Braithwaite Technology Consultants Inc. on July 1, 2022.공지 • May 24Visiativ SA (ENXTPA:ALVIV) acquired Mb Cad Gmbh.Visiativ SA (ENXTPA:ALVIV) acquired Mb Cad Gmbh on May 23, 2022. The acquisition of 100% of the capital of MB CAD, which will be consolidated from June 1, 2022, was fully funded from cash. MB CAD generated revenue around €8m in 2021. Visiativ SA (ENXTPA:ALVIV) completed the acquisition of Mb Cad Gmbh on May 23, 2022.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Independent Director Daniel Derderian was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Valuation Update With 7 Day Price Move • Mar 15Investor sentiment improved over the past weekAfter last week's 17% share price gain to €27.80, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 27x in the IT industry in Germany. Total returns to shareholders of 14% over the past three years.Reported Earnings • Sep 28First half 2021 earnings releasedThe company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €91.7m (up 7.1% from 1H 2020). Net income: €1.10m (up €5.44m from 1H 2020). Profit margin: 1.2% (up from net loss in 1H 2020).공지 • Jul 07Visiativ SA (ENXTPA:ALVIV) acquired Ma-Sauvegarde from its founding president Hervé Favre.Visiativ SA (ENXTPA:ALVIV) acquired Ma-Sauvegarde from its founding president Hervé Favre on July 5, 2021. Ma-Sauvegarde reports turnover of approximately €1 million. Visiativ SA (ENXTPA:ALVIV) completed the acquisition of Ma-Sauvegarde from its founding president Hervé Favre on July 5, 2021.공지 • Jun 15Visiativ SA has completed a Follow-on Equity Offering in the amount of €7.00444 million.Visiativ SA has completed a Follow-on Equity Offering in the amount of €7.00444 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 350,222 Price\Range: €20Reported Earnings • Apr 28Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €189.9m (down 8.7% from FY 2019). Net income: €1.50m (down 43% from FY 2019). Profit margin: 0.8% (down from 1.3% in FY 2019).Reported Earnings • Mar 28Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €189.9m (down 8.7% from FY 2019). Net income: €1.50m (down 43% from FY 2019). Profit margin: 0.8% (down from 1.3% in FY 2019).Is New 90 Day High Low • Mar 02New 90-day low: €18.64The company is down 1.0% from its price of €18.74 on 02 December 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.24 per share.Valuation Update With 7 Day Price Move • Jan 12Investor sentiment improved over the past weekAfter last week's 21% share price gain to €23.70, the stock is trading at a trailing P/E ratio of 51.8x, up from the previous P/E ratio of 42.7x. This compares to an average P/E of 30x in the IT industry in Germany. Total return to shareholders over the past three years is a loss of 51%.Is New 90 Day High Low • Jan 09New 90-day high: €21.85The company is up 8.0% from its price of €20.15 on 09 October 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €20.86 per share.Is New 90 Day High Low • Dec 16New 90-day high: €21.45The company is up 2.0% from its price of €21.00 on 17 September 2020. The German market is also up 2.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the IT industry, which is down 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.10 per share.Valuation Update With 7 Day Price Move • Oct 29Market pulls back on stock over the past weekAfter last week's 20% share price decline to €16.88, the stock is trading at a trailing P/E ratio of 34.1x, down from the previous P/E ratio of 42.4x. This compares to an average P/E of 26x in the IT industry in Germany. Total return to shareholders over the past three years is a loss of 59%.Is New 90 Day High Low • Oct 27New 90-day low: €17.30The company is down 4.0% from its price of €18.02 on 29 July 2020. The German market is also down 4.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the IT industry, which is down 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.33 per share.Reported Earnings • Oct 02First half earnings releasedOver the last 12 months the company has reported total profits of €1.74m, down 50% from the prior year. Total revenue was €206.6m over the last 12 months, up 9.8% from the prior year.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 과거에 16V 의 주당 배당금이 안정적이었는지 판단하기에는 데이터가 부족합니다.배당금 증가: 16V 의 배당금 지급이 증가했는지 판단하기에는 데이터가 부족합니다.배당 수익률 vs 시장Visiativ 배당 수익률 vs 시장16V의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (16V)0%시장 하위 25% (DE)1.5%시장 상위 25% (DE)4.6%업계 평균 (IT)2.6%분석가 예측 (16V) (최대 3년)n/a주목할만한 배당금: 회사가 최근 지급을 보고하지 않았기 때문에 하위 25%의 배당금 지급자에 대해 16V 의 배당 수익률을 평가할 수 없습니다.고배당: 회사가 최근 지급을 보고하지 않았기 때문에 배당금 지급자의 상위 25%에 대해 16V 의 배당 수익률을 평가할 수 없습니다.주주 대상 이익 배당수익 보장: 16V German 시장에서 주목할만한 배당금을 지급하지 않습니다.주주 현금 배당현금 흐름 범위: 16V 에서 지급을 보고하지 않았기 때문에 배당 지속 가능성을 계산할 수 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YDE 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/09/27 16:51종가2024/08/15 00:00수익2023/12/31연간 수익2023/12/31데이터 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 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.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 소스Visiativ SA는 2명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Alexandre PlaudCIC Market Solutions (ESN)Gabrielle AgnusIn Extenso Financement & Marché
Upcoming Dividend • May 29Upcoming dividend of €1.10 per share at 3.7% yieldEligible shareholders must have bought the stock before 05 June 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.3%).
Reported Earnings • Mar 24Full year 2023 earnings releasedFull year 2023 results: Revenue: €277.5m (up 3.6% from FY 2022). Net income: €10.0m (down 9.9% from FY 2022). Profit margin: 3.6% (down from 4.1% in FY 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the IT industry in Germany.
공지 • Mar 20Visiativ SA (ENXTPA:ALVIV) acquired Solid Applications Limited.Visiativ SA (ENXTPA:ALVIV) acquired Solid Applications Limited on January 1, 2024. In 2023, SOLID Applications generated sales of £2 million. The acquisition of 100% of the share capital of Solid Applications Limited, financed entirely in cash.Visiativ SA (ENXTPA:ALVIV) completed the acquisition of Solid Applications Limited on January 1, 2024.
Valuation Update With 7 Day Price Move • Feb 13Investor sentiment improves as stock rises 29%After last week's 29% share price gain to €35.00, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the IT industry in Germany. Total returns to shareholders of 80% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €23.19 per share.
Buy Or Sell Opportunity • Feb 13Now 51% overvalued after recent price riseOver the last 90 days, the stock has risen 75% to €35.00. The fair value is estimated to be €23.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 50%. Revenue is forecast to grow by 7.4% in 2 years. Earnings are forecast to grow by 3.0% in the next 2 years.
공지 • Jan 10+ 2 more updatesVisiativ SA to Report Fiscal Year 2024 Results on Mar 24, 2025Visiativ SA announced that they will report fiscal year 2024 results on Mar 24, 2025
New Risk • Oct 28New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €94.1m (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.1% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (€94.1m market cap, or US$99.5m).
공지 • Oct 10Visiativ SA (ENXTPA:ALVIV) agreed to acquire 1Life Group.Visiativ SA (ENXTPA:ALVIV) agreed to acquire 1Life Group on October 9, 2023. Financed entirely in cash, the acquisition of 60% of 1Life's capital will be consolidated in Visiativ's financial statements during Q4 2023. 1Life achieved revenue of €10 million in 2022. The transaction is expected to close in the weeks ahead.
Reported Earnings • Oct 01First half 2023 earnings released: EPS: €0.75 (vs €0.27 in 1H 2022)First half 2023 results: EPS: €0.75 (up from €0.27 in 1H 2022). Revenue: €127.7m (up 12% from 1H 2022). Net income: €3.40m (up 183% from 1H 2022). Profit margin: 2.7% (up from 1.0% in 1H 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Sep 25Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €26.70, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the IT industry in Germany. Total returns to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €38.78 per share.
Buying Opportunity • Sep 21Now 31% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be €39.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 56%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.
공지 • Aug 07Visiativ SA (ENXTPA:ALVIV) agreed to acquire All The Assets And Employees Of Techform.Visiativ SA (ENXTPA:ALVIV) agreed to acquire All The Assets And Employees Of Techform on August 7, 2023. This acquisition will strengthen the Visiativ Innovation Platform offered to industrial SMEs and mid-sized companies. The takeover has been welcomed by Techform's employees and customers, reassured by Visiativ's solidity. Visiativ announces it has been chosen by Toulouse Commercial Court to take over all the assets and employees of Techform. Laurent Fiard of Visiativ welcomes TECHFORM teams to Visiativ and be able to offer TECHFORM CPQ solutions to all our SME customers. The strong complementarity of Techform's and Visiativ's respective customer portfolios will contribute to achieving significant commercial synergies. The acquisition is financed entirely in cash. The acquisition of the assets of Techform, which will be consolidated in the second half of 2023.
공지 • Aug 01Visiativ SA (ENXTPA:ALVIV) acquired 90% stake in Ebm Gmbh.Visiativ SA (ENXTPA:ALVIV) acquired 90% stake in Ebm Gmbh on July 1, 2023. Transaction is financed entirely in cash. Visiativ SA (ENXTPA:ALVIV) completed the acquisition of 90% stake in Ebm Gmbh on July 1, 2023.
Buying Opportunity • Jul 14Now 21% undervaluedOver the last 90 days, the stock is up 11%. The fair value is estimated to be €41.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 56%. For the next 3 years, revenue is forecast to grow by 5.0% per annum. Earnings is also forecast to grow by 14% per annum over the same time period.
Upcoming Dividend • May 29Upcoming dividend of €1.10 per share at 3.7% yieldEligible shareholders must have bought the stock before 05 June 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.3%).
Valuation Update With 7 Day Price Move • Jan 26Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €36.00, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 20x in the IT industry in Germany. Total returns to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €66.64 per share.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. Independent Director Sylvie Guinard was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공지 • Oct 13Visiativ SA (ENXTPA:ALVIV) agreed to acquire AbsisKey S.A.S.Visiativ SA (ENXTPA:ALVIV) agreed to acquire AbsisKey S.A.S. on October 11, 2022. Post this acquisition Visiativ will have more than 1000 costumers in France for its consulting business. Visativ will start new consulting hub in Poland (Warsaw). Absiskey generated revenue of €8.5m in 2021. François Chollet the current President of Absiskey will continue the development of activities within Visiativ, alongside the main managers of the consulting business. This acquisition remains subject to an information-consultation procedure with employee representative bodies of the companies involved. The transaction is expected to completed in upcoming weeks and Visiativ will consolidate AbsisKey before Q4 2022.
Reported Earnings • Oct 02First half 2022 earnings released: EPS: €0.27 (vs €0.25 in 1H 2021)First half 2022 results: EPS: €0.27 (up from €0.25 in 1H 2021). Revenue: €115.7m (up 21% from 1H 2021). Net income: €1.20m (up 9.1% from 1H 2021). Profit margin: 1.0% (in line with 1H 2021). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
공지 • Sep 08Visiativ SA (ENXTPA:ALVIV) and VERTICAL SQUARE SAS agreed to acquire 3c-evolution.Visiativ SA (ENXTPA:ALVIV) and VERTICAL SQUARE SAS agreed to acquire 3c-evolution on September 6, 2022. This 50/50 acquisition by Groupe Vertical and Visiativ ensures a long-term commitment to the joint industrial project that consists in developing a global digital e-commerce offering for industrial SMEs in France and Europe.
공지 • Jul 27Visiativ SA (ENXTPA:ALVIV) acquired 68 percent stake in Daxium SAS.Visiativ SA (ENXTPA:ALVIV) acquired 68 percent stake in Daxium SAS on July 26, 2022. The completion took place alongside its founder and CEO Yann de Saint Vaulry, and key managers. Visiativ SA (ENXTPA:ALVIV) completed the acquisition of 68 percent stake in Daxium SAS on July 26, 2022.
공지 • Jul 20Visiativ SA (ENXTPA:ALVIV) acquired Braithwaite Technology Consultants Inc.Visiativ SA (ENXTPA:ALVIV) acquired Braithwaite Technology Consultants Inc. on July 1, 2022. The acquisition of 100% of the capital of Braithwaite, which will be consolidated from 1 July 2022, was agreed to be fully funded from cash. Braithwaite generated revenue of around CAD 2.5 million in 2021. Visiativ SA (ENXTPA:ALVIV) completed the acquisition of Braithwaite Technology Consultants Inc. on July 1, 2022.
공지 • May 24Visiativ SA (ENXTPA:ALVIV) acquired Mb Cad Gmbh.Visiativ SA (ENXTPA:ALVIV) acquired Mb Cad Gmbh on May 23, 2022. The acquisition of 100% of the capital of MB CAD, which will be consolidated from June 1, 2022, was fully funded from cash. MB CAD generated revenue around €8m in 2021. Visiativ SA (ENXTPA:ALVIV) completed the acquisition of Mb Cad Gmbh on May 23, 2022.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Independent Director Daniel Derderian was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Mar 15Investor sentiment improved over the past weekAfter last week's 17% share price gain to €27.80, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 27x in the IT industry in Germany. Total returns to shareholders of 14% over the past three years.
Reported Earnings • Sep 28First half 2021 earnings releasedThe company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €91.7m (up 7.1% from 1H 2020). Net income: €1.10m (up €5.44m from 1H 2020). Profit margin: 1.2% (up from net loss in 1H 2020).
공지 • Jul 07Visiativ SA (ENXTPA:ALVIV) acquired Ma-Sauvegarde from its founding president Hervé Favre.Visiativ SA (ENXTPA:ALVIV) acquired Ma-Sauvegarde from its founding president Hervé Favre on July 5, 2021. Ma-Sauvegarde reports turnover of approximately €1 million. Visiativ SA (ENXTPA:ALVIV) completed the acquisition of Ma-Sauvegarde from its founding president Hervé Favre on July 5, 2021.
공지 • Jun 15Visiativ SA has completed a Follow-on Equity Offering in the amount of €7.00444 million.Visiativ SA has completed a Follow-on Equity Offering in the amount of €7.00444 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 350,222 Price\Range: €20
Reported Earnings • Apr 28Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €189.9m (down 8.7% from FY 2019). Net income: €1.50m (down 43% from FY 2019). Profit margin: 0.8% (down from 1.3% in FY 2019).
Reported Earnings • Mar 28Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €189.9m (down 8.7% from FY 2019). Net income: €1.50m (down 43% from FY 2019). Profit margin: 0.8% (down from 1.3% in FY 2019).
Is New 90 Day High Low • Mar 02New 90-day low: €18.64The company is down 1.0% from its price of €18.74 on 02 December 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.24 per share.
Valuation Update With 7 Day Price Move • Jan 12Investor sentiment improved over the past weekAfter last week's 21% share price gain to €23.70, the stock is trading at a trailing P/E ratio of 51.8x, up from the previous P/E ratio of 42.7x. This compares to an average P/E of 30x in the IT industry in Germany. Total return to shareholders over the past three years is a loss of 51%.
Is New 90 Day High Low • Jan 09New 90-day high: €21.85The company is up 8.0% from its price of €20.15 on 09 October 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €20.86 per share.
Is New 90 Day High Low • Dec 16New 90-day high: €21.45The company is up 2.0% from its price of €21.00 on 17 September 2020. The German market is also up 2.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the IT industry, which is down 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.10 per share.
Valuation Update With 7 Day Price Move • Oct 29Market pulls back on stock over the past weekAfter last week's 20% share price decline to €16.88, the stock is trading at a trailing P/E ratio of 34.1x, down from the previous P/E ratio of 42.4x. This compares to an average P/E of 26x in the IT industry in Germany. Total return to shareholders over the past three years is a loss of 59%.
Is New 90 Day High Low • Oct 27New 90-day low: €17.30The company is down 4.0% from its price of €18.02 on 29 July 2020. The German market is also down 4.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the IT industry, which is down 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.33 per share.
Reported Earnings • Oct 02First half earnings releasedOver the last 12 months the company has reported total profits of €1.74m, down 50% from the prior year. Total revenue was €206.6m over the last 12 months, up 9.8% from the prior year.