공시 • Oct 01
Sopra Steria Intends to Delist Ordina from Euronext Amsterdam as Soon as Practicable Following the Settlement of the Offer Sopra Steria Group SA and Ordina N.V. announced that, considering all Offer Conditions have been satisfied, the Offeror declares the Offer unconditional (doet gestand). Settlement of the Offer will take place on 4 October 2023, on which date the Offer Price of EUR 5.75 (cum dividend) per Tendered Share will be paid. Shareholders who have not yet tendered their Shares may tender their Shares during the Post-Acceptance Period ending on 13 October 2023 at 17:40 hours CET. Ordina will be fully consolidated into Sopra Steria accounts from October 2023. As a result of the Offeror now holding more than 80% of the Outstanding Capital, Sopra Steria and Ordina will procure the termination of the listing and trading of the Shares on Euronext Amsterdam as soon as possible under the Applicable Rules. Reported Earnings • Aug 06
First half 2023 earnings released: EPS: €0.14 (vs €0.15 in 1H 2022) First half 2023 results: EPS: €0.14 (down from €0.15 in 1H 2022). Revenue: €229.4m (up 6.2% from 1H 2022). Net income: €12.2m (down 13% from 1H 2022). Profit margin: 5.3% (down from 6.5% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the IT industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 05
Upcoming dividend of €0.40 per share at 6.6% yield Eligible shareholders must have bought the stock before 12 April 2023. Payment date: 20 April 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.6%. Within top quartile of Dutch dividend payers (6.3%). Higher than average of industry peers (2.2%). Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €4.76, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the IT industry in Europe. Total returns to shareholders of 359% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.13 per share. Price Target Changed • Feb 24
Price target decreased by 10% to €4.95 Down from €5.53, the current price target is an average from 2 analysts. New target price is 30% above last closing price of €3.80. Stock is down 13% over the past year. The company is forecast to post earnings per share of €0.32 for next year compared to €0.26 last year. Reported Earnings • Feb 20
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: €0.26 (down from €0.26 in FY 2021). Revenue: €429.4m (up 8.9% from FY 2021). Net income: €23.9m (down 2.9% from FY 2021). Profit margin: 5.6% (down from 6.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 2.0% growth forecast for the IT industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 17% per year. 공시 • Oct 11
Ordina N.V. to Report Q2, 2023 Results on Aug 01, 2023 Ordina N.V. announced that they will report Q2, 2023 results on Aug 01, 2023 Reported Earnings • Aug 04
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €11.9m from profit in 1H 2021). Profit margin: (down from 6.1% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 7.1% compared to a 73% decline forecast for the industry in the Netherlands. Reported Earnings • Feb 18
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: €394.5m (up 6.8% from FY 2020). Net income: €24.6m (up 10% from FY 2020). Profit margin: 6.2% (up from 6.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 3.7% while the industry in the Netherlands is not expected to grow. Price Target Changed • Feb 01
Price target increased to €5.95 Up from €5.50, the current price target is an average from 2 analysts. New target price is 36% above last closing price of €4.39. Stock is up 50% over the past year. The company is forecast to post earnings per share of €0.28 for next year compared to €0.24 last year. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improved over the past week After last week's 16% share price gain to €4.44, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 22x in the IT industry in Europe. Total returns to shareholders of 236% over the past three years. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 16% share price gain to €4.09, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 25x in the IT industry in Europe. Total returns to shareholders of 226% over the past three years. Reported Earnings • Aug 03
First half 2021 earnings released: EPS €0.13 (vs €0.11 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €195.7m (up 4.1% from 1H 2020). Net income: €11.9m (up 15% from 1H 2020). Profit margin: 6.1% (up from 5.5% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 21% share price gain to €4.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 23x in the IT industry in Europe. Total returns to shareholders of 139% over the past three years. Major Estimate Revision • May 08
Consensus EPS estimates increase to €0.31 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from €378.3m to €385.3m. EPS estimate increased from €0.27 to €0.31 per share. Net income forecast to grow 11% next year vs 17% growth forecast for IT industry in the Netherlands. Consensus price target up from €4.50 to €5.20. Share price rose 8.1% to €3.75 over the past week. Reported Earnings • Feb 20
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: €369.2m (flat on FY 2019). Net income: €22.3m (up 50% from FY 2019). Profit margin: 6.0% (up from 4.0% in FY 2019). Analyst Estimate Surprise Post Earnings • Feb 20
Revenue behind estimates Revenue missed analyst estimates by 0.3%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 4.0% compared to a 13% decline forecast for the IT industry in the Netherlands. Is New 90 Day High Low • Feb 19
New 90-day high: €3.22 The company is up 15% from its price of €2.81 on 20 November 2020. The Dutch market is also up 15% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the IT industry, which is up 35% over the same period. Is New 90 Day High Low • Jan 09
New 90-day high: €3.11 The company is up 30% from its price of €2.39 on 09 October 2020. The Dutch market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 1.0% over the same period. Upcoming Dividend • Dec 07
Upcoming Dividend of €0.095 Per Share Will be paid on the 22nd of December to those who are registered shareholders by the 14th of December. The company last paid an ordinary dividend in February 2019. The average dividend yield among industry peers is 1.7%. Is New 90 Day High Low • Dec 04
New 90-day high: €2.94 The company is up 25% from its price of €2.35 on 04 September 2020. The Dutch market is up 15% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the IT industry, which is up 26% over the same period. Valuation Update With 7 Day Price Move • Nov 13
Market bids up stock over the past week After last week's 18% share price gain to €2.77, the stock is trading at a trailing P/E ratio of 13.4x, up from the previous P/E ratio of 11.4x. This compares to an average P/E of 21x in the IT industry in Europe. Total returns to shareholders over the past three years are 91%. Is New 90 Day High Low • Nov 12
New 90-day high: €2.54 The company is up 13% from its price of €2.25 on 14 August 2020. The Dutch market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the IT industry, which is also up 13% over the same period.