View Financial HealthNetgem 배당 및 자사주 매입배당 기준 점검 2/6Netgem 은(는) 현재 수익률이 6.43% 인 배당금 지급 회사입니다.핵심 정보6.4%배당 수익률0.1%자사주 매입 수익률총 주주 수익률6.5%미래 배당 수익률6.4%배당 성장률-13.8%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향109%최근 배당 및 자사주 매입 업데이트Upcoming Dividend • Jun 05Upcoming dividend of €0.05 per shareEligible shareholders must have bought the stock before 12 June 2024. Payment date: 14 June 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.3%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.3%).Declared Dividend • Apr 29Dividend of €0.05 announcedShareholders will receive a dividend of €0.05. Ex-date: 12th June 2024 Payment date: 14th June 2024 Dividend yield will be 5.3%, which is higher than the industry average of 1.5%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 248% to bring the payout ratio under control. EPS is expected to grow by 333% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.Upcoming Dividend • May 31Upcoming dividend of €0.05 per share at 4.7% yieldEligible shareholders must have bought the stock before 07 June 2023. Payment date: 09 June 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 4.7%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.6%).Upcoming Dividend • May 31Upcoming dividend of €0.03 per shareEligible shareholders must have bought the stock before 07 June 2022. Payment date: 09 June 2022. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.3%). Higher than average of industry peers (2.0%).모든 업데이트 보기Recent updates공시 • May 21Netgem SA, Annual General Meeting, Jun 29, 2026Netgem SA, Annual General Meeting, Jun 29, 2026. Location: 103 rue de grenelle, paris FranceBoard Change • May 20No independent 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. 1 highly experienced director. No independent directors (5 non-independent directors). Representative Director Laura Wilner was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.공시 • Jan 30+ 2 more updatesNetgem SA to Report Q1, 2026 Results on May 28, 2026Netgem SA announced that they will report Q1, 2026 results at 9:00 AM, Central European Standard Time on May 28, 2026Board Change • Dec 30No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Representative Director Laura Wilner was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Mar 29Netgem SA, Annual General Meeting, May 22, 2025Netgem SA, Annual General Meeting, May 22, 2025.Buy Or Sell Opportunity • Sep 04Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 22% to €0.73. The fair value is estimated to be €0.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 7.6% in 2 years. Earnings are forecast to grow by 186% in the next 2 years.New Risk • Aug 09New 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 6.8% 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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 309% Cash payout ratio: 156% Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (€26.5m market cap, or US$28.9m).Buy Or Sell Opportunity • Aug 06Now 29% undervalued after recent price dropOver the last 90 days, the stock has fallen 28% to €0.67. The fair value is estimated to be €0.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 7.7% in 2 years. Earnings are forecast to grow by 203% in the next 2 years.Reported Earnings • Aug 05First half 2024 earnings releasedFirst half 2024 results: Revenue: €16.7m (down 7.5% from 1H 2023). Net income: €800.0k (up €939.0k from 1H 2023). Profit margin: 4.8% (up from net loss in 1H 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Germany.Upcoming Dividend • Jun 05Upcoming dividend of €0.05 per shareEligible shareholders must have bought the stock before 12 June 2024. Payment date: 14 June 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.3%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.3%).Reported Earnings • May 04Full year 2023 earnings released: EPS: €0.016 (vs €0.004 in FY 2022)Full year 2023 results: EPS: €0.016 (up from €0.004 in FY 2022). Revenue: €35.6m (down 2.0% from FY 2022). Net income: €541.0k (up 401% from FY 2022). Profit margin: 1.5% (up from 0.3% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Declared Dividend • Apr 29Dividend of €0.05 announcedShareholders will receive a dividend of €0.05. Ex-date: 12th June 2024 Payment date: 14th June 2024 Dividend yield will be 5.3%, which is higher than the industry average of 1.5%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 248% to bring the payout ratio under control. EPS is expected to grow by 333% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.New Risk • Feb 18New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Dividend is not well covered by earnings (313% payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (€32.5m market cap, or US$35.1m).공시 • Feb 01+ 1 more updateNetgem SA, Annual General Meeting, May 30, 2024Netgem SA, Annual General Meeting, May 30, 2024, at 14:30 Central European Standard Time.New Risk • Aug 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 43% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (313% payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (€35.1m market cap, or US$38.4m).Reported Earnings • Aug 03First half 2023 earnings releasedFirst half 2023 results: Revenue: €18.1m (up 11% from 1H 2022). Net loss: €100.0k (loss narrowed 81% from 1H 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 7.1% 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.New Risk • Jul 27New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 13x earnings per share. Cash payout ratio: 292% Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (€33.9m market cap, or US$37.3m).공시 • Jun 24Netgem SA (ENXTPA:ALNTG) acquired Eclair Préservation and Eclair Digital Services for an enterprise value of 4 million.Netgem SA (ENXTPA:ALNTG) acquired Eclair Préservation and Eclair Digital Services for an enterprise value of 4 million on June 23, 2023. In parallel with these acquisitions, Netgem has announced that it is buying out the minority stakes held by Caisse des Dépôts and Oceinde in Vitis.Netgem SA (ENXTPA:ALNTG) completed the acquisition of Eclair Préservation and Eclair Digital Services for an enterprise value of 4 million on June 23, 2023.Upcoming Dividend • May 31Upcoming dividend of €0.05 per share at 4.7% yieldEligible shareholders must have bought the stock before 07 June 2023. Payment date: 09 June 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 4.7%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.6%).공시 • Feb 02J.2.H. SARL acquired additional unknown minority stake in Netgem SA (ENXTPA:ALNTG).J.2.H. SARL acquired additional unknown minority stake in Netgem SA (ENXTPA:ALNTG) on January 20, 2023. Following this transaction, J.2.H. SARL’s shareholding has reached to 8,992,435 NETGEM shares, representing 29.27% of its capital.J.2.H. SARL completed the acquisition of additional unknown minority stake in Netgem SA (ENXTPA:ALNTG) on January 20, 2023.Board Change • Nov 16Less than half of directors are independentNo 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. 1 independent director (6 non-independent directors). Representative Director Catherine Haddad 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: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Jul 31First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up €976.0k from 1H 2021). Profit margin: (up from net loss in 1H 2021). The move to profitability was driven by lower expenses. Over the next year, revenue is forecast to grow 35%, compared to a 7.8% growth forecast for the industry in Germany.Upcoming Dividend • May 31Upcoming dividend of €0.03 per shareEligible shareholders must have bought the stock before 07 June 2022. Payment date: 09 June 2022. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.3%). Higher than average of industry peers (2.0%).Reported Earnings • May 01Full year 2021 earnings released: €0.045 loss per share (vs €0.25 profit in FY 2020)Full year 2021 results: €0.045 loss per share (down from €0.25 profit in FY 2020). Revenue: €28.3m (down 6.5% from FY 2020). Net loss: €1.31m (down 118% from profit in FY 2020). Over the next year, revenue is forecast to grow 17%, compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. 1 independent director (6 non-independent directors). Representative Director Catherine Haddad 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: Minority of independent directors. Insufficient board refreshment.공시 • Feb 01+ 2 more updatesNetgem SA, Annual General Meeting, May 19, 2022Netgem SA, Annual General Meeting, May 19, 2022.Reported Earnings • Aug 03First half 2021 earnings releasedThe company reported a poor first half result with weaker earnings, revenues and control over costs. First half 2021 results: Revenue: €14.7m (down 4.3% from 1H 2020). Net loss: €1.00m (down 112% from profit in 1H 2020).Valuation Update With 7 Day Price Move • Mar 24Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €1.36, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 35x in the Software industry in Germany. Total loss to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €0.89 per share.Is New 90 Day High Low • Mar 08New 90-day high: €1.53The company is up 52% from its price of €1.01 on 08 December 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.75 per share.Valuation Update With 7 Day Price Move • Feb 11Investor sentiment improved over the past weekAfter last week's 16% share price gain to €1.36, the stock is trading at a trailing P/E ratio of 10.6x, up from the previous P/E ratio of 9.1x. This compares to an average P/E of 31x in the Software industry in Germany. Total return to shareholders over the past three years is a loss of 39%.Valuation Update With 7 Day Price Move • Jan 28Investor sentiment improved over the past weekAfter last week's 16% share price gain to €1.26, the stock is trading at a trailing P/E ratio of 9.2x, up from the previous P/E ratio of 7.9x. This compares to an average P/E of 27x in the Software industry in Germany. Total return to shareholders over the past three years is a loss of 47%.Is New 90 Day High Low • Jan 23New 90-day high: €1.42The company is up 29% from its price of €1.10 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.98 per share.Is New 90 Day High Low • Nov 27New 90-day low: €0.96The company is down 16% from its price of €1.14 on 28 August 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is down 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.51 per share.Is New 90 Day High Low • Oct 30New 90-day low: €0.97The company is down 7.0% from its price of €1.05 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is down 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.25 per share.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: NGP 의 배당금 지급은 지난 10 년 동안 휘발성이었습니다.배당금 증가: NGP 의 배당금 지급액은 지난 10 년 동안 감소했습니다.배당 수익률 vs 시장Netgem 배당 수익률 vs 시장NGP의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (NGP)6.4%시장 하위 25% (DE)1.5%시장 상위 25% (DE)4.5%업계 평균 (Software)1.7%분석가 예측 (NGP) (최대 3년)6.4%주목할만한 배당금: NGP 의 배당금( 6.43% )은 German 시장에서 배당금 지급자의 하위 25%( 1.54% )보다 높습니다.고배당: NGP 의 배당금( 6.43% )은 German 시장( 4.55% )주주 대상 이익 배당수익 보장: 지급 비율 ( 109.1% )이 높기 때문에 NGP 의 배당금 지급은 수익으로 잘 충당되지 않습니다.주주 현금 배당현금 흐름 범위: 현금 지급 비율 ( 102.9% )이 높기 때문에 NGP 의 배당금 지급은 현금 흐름으로 잘 충당되지 않습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YDE 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 10:27종가2026/05/22 00:00수익2025/12/31연간 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 소스Netgem SA는 5명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Guillaume CuvillierGilbert DupontStephanie LefebvreGilbert DupontChristel ClemeGilbert Dupont2명의 분석가 더 보기
Upcoming Dividend • Jun 05Upcoming dividend of €0.05 per shareEligible shareholders must have bought the stock before 12 June 2024. Payment date: 14 June 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.3%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.3%).
Declared Dividend • Apr 29Dividend of €0.05 announcedShareholders will receive a dividend of €0.05. Ex-date: 12th June 2024 Payment date: 14th June 2024 Dividend yield will be 5.3%, which is higher than the industry average of 1.5%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 248% to bring the payout ratio under control. EPS is expected to grow by 333% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
Upcoming Dividend • May 31Upcoming dividend of €0.05 per share at 4.7% yieldEligible shareholders must have bought the stock before 07 June 2023. Payment date: 09 June 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 4.7%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.6%).
Upcoming Dividend • May 31Upcoming dividend of €0.03 per shareEligible shareholders must have bought the stock before 07 June 2022. Payment date: 09 June 2022. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.3%). Higher than average of industry peers (2.0%).
공시 • May 21Netgem SA, Annual General Meeting, Jun 29, 2026Netgem SA, Annual General Meeting, Jun 29, 2026. Location: 103 rue de grenelle, paris France
Board Change • May 20No independent 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. 1 highly experienced director. No independent directors (5 non-independent directors). Representative Director Laura Wilner was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
공시 • Jan 30+ 2 more updatesNetgem SA to Report Q1, 2026 Results on May 28, 2026Netgem SA announced that they will report Q1, 2026 results at 9:00 AM, Central European Standard Time on May 28, 2026
Board Change • Dec 30No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Representative Director Laura Wilner was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Mar 29Netgem SA, Annual General Meeting, May 22, 2025Netgem SA, Annual General Meeting, May 22, 2025.
Buy Or Sell Opportunity • Sep 04Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 22% to €0.73. The fair value is estimated to be €0.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 7.6% in 2 years. Earnings are forecast to grow by 186% in the next 2 years.
New Risk • Aug 09New 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 6.8% 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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 309% Cash payout ratio: 156% Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (€26.5m market cap, or US$28.9m).
Buy Or Sell Opportunity • Aug 06Now 29% undervalued after recent price dropOver the last 90 days, the stock has fallen 28% to €0.67. The fair value is estimated to be €0.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 7.7% in 2 years. Earnings are forecast to grow by 203% in the next 2 years.
Reported Earnings • Aug 05First half 2024 earnings releasedFirst half 2024 results: Revenue: €16.7m (down 7.5% from 1H 2023). Net income: €800.0k (up €939.0k from 1H 2023). Profit margin: 4.8% (up from net loss in 1H 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Germany.
Upcoming Dividend • Jun 05Upcoming dividend of €0.05 per shareEligible shareholders must have bought the stock before 12 June 2024. Payment date: 14 June 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.3%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.3%).
Reported Earnings • May 04Full year 2023 earnings released: EPS: €0.016 (vs €0.004 in FY 2022)Full year 2023 results: EPS: €0.016 (up from €0.004 in FY 2022). Revenue: €35.6m (down 2.0% from FY 2022). Net income: €541.0k (up 401% from FY 2022). Profit margin: 1.5% (up from 0.3% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Declared Dividend • Apr 29Dividend of €0.05 announcedShareholders will receive a dividend of €0.05. Ex-date: 12th June 2024 Payment date: 14th June 2024 Dividend yield will be 5.3%, which is higher than the industry average of 1.5%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 248% to bring the payout ratio under control. EPS is expected to grow by 333% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
New Risk • Feb 18New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Dividend is not well covered by earnings (313% payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (€32.5m market cap, or US$35.1m).
공시 • Feb 01+ 1 more updateNetgem SA, Annual General Meeting, May 30, 2024Netgem SA, Annual General Meeting, May 30, 2024, at 14:30 Central European Standard Time.
New Risk • Aug 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 43% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (313% payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (€35.1m market cap, or US$38.4m).
Reported Earnings • Aug 03First half 2023 earnings releasedFirst half 2023 results: Revenue: €18.1m (up 11% from 1H 2022). Net loss: €100.0k (loss narrowed 81% from 1H 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 7.1% 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.
New Risk • Jul 27New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 13x earnings per share. Cash payout ratio: 292% Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (€33.9m market cap, or US$37.3m).
공시 • Jun 24Netgem SA (ENXTPA:ALNTG) acquired Eclair Préservation and Eclair Digital Services for an enterprise value of 4 million.Netgem SA (ENXTPA:ALNTG) acquired Eclair Préservation and Eclair Digital Services for an enterprise value of 4 million on June 23, 2023. In parallel with these acquisitions, Netgem has announced that it is buying out the minority stakes held by Caisse des Dépôts and Oceinde in Vitis.Netgem SA (ENXTPA:ALNTG) completed the acquisition of Eclair Préservation and Eclair Digital Services for an enterprise value of 4 million on June 23, 2023.
Upcoming Dividend • May 31Upcoming dividend of €0.05 per share at 4.7% yieldEligible shareholders must have bought the stock before 07 June 2023. Payment date: 09 June 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 4.7%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.6%).
공시 • Feb 02J.2.H. SARL acquired additional unknown minority stake in Netgem SA (ENXTPA:ALNTG).J.2.H. SARL acquired additional unknown minority stake in Netgem SA (ENXTPA:ALNTG) on January 20, 2023. Following this transaction, J.2.H. SARL’s shareholding has reached to 8,992,435 NETGEM shares, representing 29.27% of its capital.J.2.H. SARL completed the acquisition of additional unknown minority stake in Netgem SA (ENXTPA:ALNTG) on January 20, 2023.
Board Change • Nov 16Less than half of directors are independentNo 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. 1 independent director (6 non-independent directors). Representative Director Catherine Haddad 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: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Jul 31First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up €976.0k from 1H 2021). Profit margin: (up from net loss in 1H 2021). The move to profitability was driven by lower expenses. Over the next year, revenue is forecast to grow 35%, compared to a 7.8% growth forecast for the industry in Germany.
Upcoming Dividend • May 31Upcoming dividend of €0.03 per shareEligible shareholders must have bought the stock before 07 June 2022. Payment date: 09 June 2022. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.3%). Higher than average of industry peers (2.0%).
Reported Earnings • May 01Full year 2021 earnings released: €0.045 loss per share (vs €0.25 profit in FY 2020)Full year 2021 results: €0.045 loss per share (down from €0.25 profit in FY 2020). Revenue: €28.3m (down 6.5% from FY 2020). Net loss: €1.31m (down 118% from profit in FY 2020). Over the next year, revenue is forecast to grow 17%, compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. 1 independent director (6 non-independent directors). Representative Director Catherine Haddad 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: Minority of independent directors. Insufficient board refreshment.
공시 • Feb 01+ 2 more updatesNetgem SA, Annual General Meeting, May 19, 2022Netgem SA, Annual General Meeting, May 19, 2022.
Reported Earnings • Aug 03First half 2021 earnings releasedThe company reported a poor first half result with weaker earnings, revenues and control over costs. First half 2021 results: Revenue: €14.7m (down 4.3% from 1H 2020). Net loss: €1.00m (down 112% from profit in 1H 2020).
Valuation Update With 7 Day Price Move • Mar 24Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €1.36, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 35x in the Software industry in Germany. Total loss to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €0.89 per share.
Is New 90 Day High Low • Mar 08New 90-day high: €1.53The company is up 52% from its price of €1.01 on 08 December 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.75 per share.
Valuation Update With 7 Day Price Move • Feb 11Investor sentiment improved over the past weekAfter last week's 16% share price gain to €1.36, the stock is trading at a trailing P/E ratio of 10.6x, up from the previous P/E ratio of 9.1x. This compares to an average P/E of 31x in the Software industry in Germany. Total return to shareholders over the past three years is a loss of 39%.
Valuation Update With 7 Day Price Move • Jan 28Investor sentiment improved over the past weekAfter last week's 16% share price gain to €1.26, the stock is trading at a trailing P/E ratio of 9.2x, up from the previous P/E ratio of 7.9x. This compares to an average P/E of 27x in the Software industry in Germany. Total return to shareholders over the past three years is a loss of 47%.
Is New 90 Day High Low • Jan 23New 90-day high: €1.42The company is up 29% from its price of €1.10 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.98 per share.
Is New 90 Day High Low • Nov 27New 90-day low: €0.96The company is down 16% from its price of €1.14 on 28 August 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is down 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.51 per share.
Is New 90 Day High Low • Oct 30New 90-day low: €0.97The company is down 7.0% from its price of €1.05 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is down 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.25 per share.