View Future GrowthCy4gate 과거 순이익 실적과거 기준 점검 0/6Cy4gate 의 수입은 연평균 -50.9%의 비율로 감소해 온 반면, Software 산업은 연평균 10.4%의 비율로 증가했습니다. 매출은 연평균 32.5%의 비율로 증가해 왔습니다.핵심 정보-50.90%순이익 성장률-55.66%주당순이익(EPS) 성장률Software 산업 성장률14.88%매출 성장률32.50%자기자본이익률-4.24%순이익률-5.06%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트Reported Earnings • Sep 15Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €16.5m (down 17% from 2Q 2023). Net loss: €3.26m (down 263% from profit in 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.Reported Earnings • May 17First quarter 2024 earnings released: €0.23 loss per share (vs €0.069 loss in 1Q 2023)First quarter 2024 results: €0.23 loss per share (further deteriorated from €0.069 loss in 1Q 2023). Revenue: €14.6m (down 13% from 1Q 2023). Net loss: €5.40m (loss widened 234% from 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 15Full year 2023 earnings releasedFull year 2023 results: Revenue: €68.3m (up 21% from FY 2022). Net loss: €10.7m (down €12.9m from profit in FY 2022). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 17Third quarter 2023 earnings released: €0.15 loss per share (vs €0.13 profit in 3Q 2022)Third quarter 2023 results: €0.15 loss per share (down from €0.13 profit in 3Q 2022). Revenue: €11.5m (down 43% from 3Q 2022). Net loss: €4.44m (down 250% from profit in 3Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Software industry in Germany.Reported Earnings • Sep 24First half 2022 earnings released: EPS: €0 (vs €0.02 in 1H 2021)First half 2022 results: EPS: €0 (down from €0.02 in 1H 2021). Revenue: €16.7m (up 170% from 1H 2021). Net loss: €3.60m (down €3.90m from profit in 1H 2021). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Software industry in Germany.Reported Earnings • Sep 25First half 2021 earnings releasedThe company reported a mediocre first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: €6.98m (up 35% from 1H 2020). Net income: €296.6k (down 79% from 1H 2020). Profit margin: 4.2% (down from 28% in 1H 2020). The decrease in margin was driven by higher expenses.모든 업데이트 보기Recent updatesBoard Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Roberta Berlinghieri was the last independent director to join the board, commencing their role in 2026. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Nov 13New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €92.7m (US$98.4m) 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. This is currently the only risk that has been identified for the company.Reported Earnings • Sep 15Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €16.5m (down 17% from 2Q 2023). Net loss: €3.26m (down 263% from profit in 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.Buy Or Sell Opportunity • Jul 02Now 3.0% overvalued after recent price riseOver the last 90 days, the stock has risen 1.2% to €5.71. The fair value is estimated to be €5.54, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Meanwhile, the company became loss making.Buy Or Sell Opportunity • Jun 23Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 6.3% to €5.89. The fair value is estimated to be €4.87, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • May 17First quarter 2024 earnings released: €0.23 loss per share (vs €0.069 loss in 1Q 2023)First quarter 2024 results: €0.23 loss per share (further deteriorated from €0.069 loss in 1Q 2023). Revenue: €14.6m (down 13% from 1Q 2023). Net loss: €5.40m (loss widened 234% from 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.New Risk • May 14New major risk - Revenue and earnings growthEarnings have declined by 27% 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. This is currently the only risk that has been identified for the company.Buy Or Sell Opportunity • May 14Now 23% overvaluedThe stock has been flat over the last 90 days, currently trading at €6.58. The fair value is estimated to be €5.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 64% over the last 3 years. Meanwhile, the company became loss making.New Risk • Apr 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.6% 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. This is currently the only risk that has been identified for the company.Reported Earnings • Mar 15Full year 2023 earnings releasedFull year 2023 results: Revenue: €68.3m (up 21% from FY 2022). Net loss: €10.7m (down €12.9m from profit in FY 2022). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Feb 09Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €6.26, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 19x in the Software industry in Germany. Total loss to shareholders of 39% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €6.23 per share.Reported Earnings • Nov 17Third quarter 2023 earnings released: €0.15 loss per share (vs €0.13 profit in 3Q 2022)Third quarter 2023 results: €0.15 loss per share (down from €0.13 profit in 3Q 2022). Revenue: €11.5m (down 43% from 3Q 2022). Net loss: €4.44m (down 250% from profit in 3Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Software industry in Germany.Valuation Update With 7 Day Price Move • Nov 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €7.13, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 25x in the Software industry in Germany. Total loss to shareholders of 19% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €8.94 per share.Buying Opportunity • Oct 19Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be €9.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 68% over the last 3 years. Earnings per share has declined by 51%. Revenue is forecast to grow by 26% in 2 years. Earnings is forecast to grow by 207% in the next 2 years.Buying Opportunity • Sep 15Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.5%. The fair value is estimated to be €10.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 68% over the last 3 years. Earnings per share has declined by 50%. Revenue is forecast to grow by 26% in 2 years. Earnings is forecast to grow by 270% in the next 2 years.Board Change • Nov 16Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Vincenzo Pompa was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Sep 24First half 2022 earnings released: EPS: €0 (vs €0.02 in 1H 2021)First half 2022 results: EPS: €0 (down from €0.02 in 1H 2021). Revenue: €16.7m (up 170% from 1H 2021). Net loss: €3.60m (down €3.90m from profit in 1H 2021). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Software industry in Germany.Board Change • Apr 27Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Vincenzo Pompa was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Valuation Update With 7 Day Price Move • Mar 15Investor sentiment improved over the past weekAfter last week's 20% share price gain to €11.62, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 29x in the Software industry in Germany. Total returns to shareholders of 30% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €11.54 per share.Reported Earnings • Sep 25First half 2021 earnings releasedThe company reported a mediocre first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: €6.98m (up 35% from 1H 2020). Net income: €296.6k (down 79% from 1H 2020). Profit margin: 4.2% (down from 28% in 1H 2020). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • Aug 14Investor sentiment improved over the past weekAfter last week's 16% share price gain to €11.32, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 36x in the Software industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €12.99 per share.매출 및 비용 세부 내역Cy4gate가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이DB:68H 매출, 비용 및 순이익 (EUR Millions)날짜매출순이익일반관리비연구개발비31 Mar 26124-60031 Dec 25102-100030 Sep 2593-20030 Jun 2585-70031 Mar 2576-70031 Dec 2475-70030 Sep 2470-170030 Jun 2464-17-1031 Mar 2468-120031 Dec 2368-110030 Sep 237521030 Jun 237532031 Mar 2363-11031 Dec 225721030 Sep 2233-60030 Jun 222900031 Mar 222330031 Dec 211850030 Sep 21165-1030 Jun 21144-2031 Mar 21145-1031 Dec 201350030 Sep 201454030 Jun 201143031 Mar 201033031 Dec 19923031 Dec 186-12031 Dec 172-11031 Dec 162-100양질의 수익: 68H 은(는) 현재 수익성이 없습니다.이익 마진 증가: 68H는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 68H은 수익성이 없으며 지난 5년 동안 손실이 연평균 50.9% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 68H의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: 68H은 수익성이 없어 지난 해 수익 성장률을 Software 업계(19.3%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: 68H는 현재 수익성이 없으므로 자본 수익률이 음수(-4.24%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YSoftware 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 19:31종가2026/05/22 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 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 소스Cy4gate S.p.A.는 3명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Domenico GhilottiEquita SIM S.p.A.Alessandro CecchiniEquita SIM S.p.A.Pietro NargiIntermonte SIM S.p.A.
Reported Earnings • Sep 15Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €16.5m (down 17% from 2Q 2023). Net loss: €3.26m (down 263% from profit in 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 17First quarter 2024 earnings released: €0.23 loss per share (vs €0.069 loss in 1Q 2023)First quarter 2024 results: €0.23 loss per share (further deteriorated from €0.069 loss in 1Q 2023). Revenue: €14.6m (down 13% from 1Q 2023). Net loss: €5.40m (loss widened 234% from 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 15Full year 2023 earnings releasedFull year 2023 results: Revenue: €68.3m (up 21% from FY 2022). Net loss: €10.7m (down €12.9m from profit in FY 2022). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 17Third quarter 2023 earnings released: €0.15 loss per share (vs €0.13 profit in 3Q 2022)Third quarter 2023 results: €0.15 loss per share (down from €0.13 profit in 3Q 2022). Revenue: €11.5m (down 43% from 3Q 2022). Net loss: €4.44m (down 250% from profit in 3Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Software industry in Germany.
Reported Earnings • Sep 24First half 2022 earnings released: EPS: €0 (vs €0.02 in 1H 2021)First half 2022 results: EPS: €0 (down from €0.02 in 1H 2021). Revenue: €16.7m (up 170% from 1H 2021). Net loss: €3.60m (down €3.90m from profit in 1H 2021). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Software industry in Germany.
Reported Earnings • Sep 25First half 2021 earnings releasedThe company reported a mediocre first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: €6.98m (up 35% from 1H 2020). Net income: €296.6k (down 79% from 1H 2020). Profit margin: 4.2% (down from 28% in 1H 2020). The decrease in margin was driven by higher expenses.
Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Roberta Berlinghieri was the last independent director to join the board, commencing their role in 2026. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Nov 13New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €92.7m (US$98.4m) 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. This is currently the only risk that has been identified for the company.
Reported Earnings • Sep 15Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €16.5m (down 17% from 2Q 2023). Net loss: €3.26m (down 263% from profit in 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.
Buy Or Sell Opportunity • Jul 02Now 3.0% overvalued after recent price riseOver the last 90 days, the stock has risen 1.2% to €5.71. The fair value is estimated to be €5.54, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Meanwhile, the company became loss making.
Buy Or Sell Opportunity • Jun 23Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 6.3% to €5.89. The fair value is estimated to be €4.87, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 57% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • May 17First quarter 2024 earnings released: €0.23 loss per share (vs €0.069 loss in 1Q 2023)First quarter 2024 results: €0.23 loss per share (further deteriorated from €0.069 loss in 1Q 2023). Revenue: €14.6m (down 13% from 1Q 2023). Net loss: €5.40m (loss widened 234% from 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.
New Risk • May 14New major risk - Revenue and earnings growthEarnings have declined by 27% 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. This is currently the only risk that has been identified for the company.
Buy Or Sell Opportunity • May 14Now 23% overvaluedThe stock has been flat over the last 90 days, currently trading at €6.58. The fair value is estimated to be €5.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 64% over the last 3 years. Meanwhile, the company became loss making.
New Risk • Apr 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.6% 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. This is currently the only risk that has been identified for the company.
Reported Earnings • Mar 15Full year 2023 earnings releasedFull year 2023 results: Revenue: €68.3m (up 21% from FY 2022). Net loss: €10.7m (down €12.9m from profit in FY 2022). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Feb 09Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €6.26, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 19x in the Software industry in Germany. Total loss to shareholders of 39% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €6.23 per share.
Reported Earnings • Nov 17Third quarter 2023 earnings released: €0.15 loss per share (vs €0.13 profit in 3Q 2022)Third quarter 2023 results: €0.15 loss per share (down from €0.13 profit in 3Q 2022). Revenue: €11.5m (down 43% from 3Q 2022). Net loss: €4.44m (down 250% from profit in 3Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Software industry in Germany.
Valuation Update With 7 Day Price Move • Nov 02Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €7.13, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 25x in the Software industry in Germany. Total loss to shareholders of 19% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €8.94 per share.
Buying Opportunity • Oct 19Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be €9.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 68% over the last 3 years. Earnings per share has declined by 51%. Revenue is forecast to grow by 26% in 2 years. Earnings is forecast to grow by 207% in the next 2 years.
Buying Opportunity • Sep 15Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.5%. The fair value is estimated to be €10.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 68% over the last 3 years. Earnings per share has declined by 50%. Revenue is forecast to grow by 26% in 2 years. Earnings is forecast to grow by 270% in the next 2 years.
Board Change • Nov 16Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Vincenzo Pompa was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Sep 24First half 2022 earnings released: EPS: €0 (vs €0.02 in 1H 2021)First half 2022 results: EPS: €0 (down from €0.02 in 1H 2021). Revenue: €16.7m (up 170% from 1H 2021). Net loss: €3.60m (down €3.90m from profit in 1H 2021). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Software industry in Germany.
Board Change • Apr 27Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Vincenzo Pompa was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Valuation Update With 7 Day Price Move • Mar 15Investor sentiment improved over the past weekAfter last week's 20% share price gain to €11.62, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 29x in the Software industry in Germany. Total returns to shareholders of 30% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €11.54 per share.
Reported Earnings • Sep 25First half 2021 earnings releasedThe company reported a mediocre first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: €6.98m (up 35% from 1H 2020). Net income: €296.6k (down 79% from 1H 2020). Profit margin: 4.2% (down from 28% in 1H 2020). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • Aug 14Investor sentiment improved over the past weekAfter last week's 16% share price gain to €11.32, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 36x in the Software industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €12.99 per share.