Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €1.68, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 20x in the IT industry in Germany. Total returns to shareholders of 20% over the past three years. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: €0.28 (vs €0.23 in FY 2022) Full year 2023 results: EPS: €0.28 (up from €0.23 in FY 2022). Revenue: €195.0m (up 9.3% from FY 2022). Net income: €13.1m (up 14% from FY 2022). Profit margin: 6.7% (up from 6.5% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 5 highly experienced directors. Chairman of Statutory Auditors Dora Savino was the last 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: Insufficient board refreshment. 공시 • Dec 12
Exprivia S.p.A. (BIT:XPR) Launches Binding Offer to acquire 85% stake in Balance Spa. Exprivia S.p.A. (BIT:XPR) Launches Binding Offer to acquire 85% stake in Balance Spa on December 11, 2023. The transaction is expected to complete at the end of February 2024. Reported Earnings • Aug 07
First half 2023 earnings released: EPS: €0.12 (vs €0.11 in 1H 2022) First half 2023 results: EPS: €0.12 (up from €0.11 in 1H 2022). Revenue: €94.6m (up 10% from 1H 2022). Net income: €5.60m (up 5.5% from 1H 2022). Profit margin: 5.9% (down from 6.2% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the IT industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 121 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to €1.55, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 17x in the IT industry in Germany. Total returns to shareholders of 139% over the past three years. Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: €0.23 (vs €0.21 in FY 2021) Full year 2022 results: EPS: €0.23 (up from €0.21 in FY 2021). Revenue: €183.7m (up 3.1% from FY 2021). Net income: €11.5m (up 13% from FY 2021). Profit margin: 6.3% (up from 5.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the IT industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 122 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 18
Third quarter 2022 earnings released: EPS: €0.055 (vs €0.053 in 3Q 2021) Third quarter 2022 results: EPS: €0.055 (up from €0.053 in 3Q 2021). Revenue: €45.3m (up 14% from 3Q 2021). Net income: €2.85m (up 13% from 3Q 2021). Profit margin: 6.3% (in line with 3Q 2021). Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 11% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Reported Earnings • Aug 07
Second quarter 2022 earnings released: EPS: €0.056 (vs €0.059 in 2Q 2021) Second quarter 2022 results: EPS: €0.056 (down from €0.059 in 2Q 2021). Revenue: €44.9m (up 7.7% from 2Q 2021). Net income: €2.81m (flat on 2Q 2021). Profit margin: 6.3% (down from 6.7% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 4.4%, compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: €0.053 (vs €0.035 in 1Q 2021) First quarter 2022 results: EPS: €0.053 (up from €0.035 in 1Q 2021). Revenue: €43.8m (up 9.1% from 1Q 2021). Net income: €2.50m (up 51% from 1Q 2021). Profit margin: 5.7% (up from 4.1% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.5%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 02
Upcoming dividend of €0.048 per share Eligible shareholders must have bought the stock before 09 May 2022. Payment date: 11 May 2022. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.1%). Higher than average of industry peers (1.9%). Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improved over the past week After last week's 16% share price gain to €2.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 31x in the Software industry in Germany. Total returns to shareholders of 60% over the past three years. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €1.51, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 27x in the Software industry in Germany. Total returns to shareholders of 19% over the past three years. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS €0.053 (vs €0.029 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €40.3m (up 5.2% from 3Q 2020). Net income: €2.52m (up 73% from 3Q 2020). Profit margin: 6.3% (up from 3.8% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year and the company’s share price has also increased by 36% per year. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improved over the past week After last week's 17% share price gain to €2.22, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 33x in the Software industry in Germany. Total returns to shareholders of 154% over the past three years. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improved over the past week After last week's 18% share price gain to €1.78, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 36x in the Software industry in Germany. Total returns to shareholders of 59% over the past three years. Reported Earnings • Aug 10
Second quarter 2021 earnings released: EPS €0.059 (vs €0.042 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €44.5m (up 2.5% from 2Q 2020). Net income: €2.81m (up 40% from 2Q 2020). Profit margin: 6.3% (up from 4.6% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improved over the past week After last week's 16% share price gain to €1.55, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 34x in the Software industry in Germany. Total returns to shareholders of 103% over the past year. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improved over the past week After last week's 28% share price gain to €1.58, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 33x in the Software industry in Germany. Total returns to shareholders of 151% over the past year. Is New 90 Day High Low • Feb 19
New 90-day high: €0.85 The company is up 15% from its price of €0.74 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 7.0% over the same period. Is New 90 Day High Low • Nov 25
New 90-day high: €0.85 The company is up 13% from its price of €0.75 on 26 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 26% over the same period. Is New 90 Day High Low • Oct 16
New 90-day low: €0.61 The company is down 14% from its price of €0.71 on 17 July 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 3.0% over the same period. Is New 90 Day High Low • Sep 25
New 90-day low: €0.63 The company is down 23% from its price of €0.82 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 7.0% over the same period.