ENXTBR:ZENT

Stock Analysis Report

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Executive Summary

Zenitel NV provides communication and security solutions in Belgium, Norway, Singapore, Finland, France, the United States, and internationally. More Details


Snowflake Analysis

Flawless balance sheet and undervalued.

Share Price & News

How has Zenitel's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ZENT is more volatile than 75% of Belgian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: ZENT's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Belgian stocks.


Market Performance


7 Day Return

0%

ZENT

0.2%

BE Communications

0.2%

BE Market


1 Year Return

38.9%

ZENT

6.7%

BE Communications

-9.2%

BE Market

Return vs Industry: ZENT exceeded the Belgian Communications industry which returned 6.7% over the past year.

Return vs Market: ZENT exceeded the Belgian Market which returned -9.2% over the past year.


Shareholder returns

ZENTIndustryMarket
7 Day0%0.2%0.2%
30 Day0.9%0.6%1.2%
90 Day33.7%-6.7%15.9%
1 Year38.9%38.9%7.7%6.7%-7.9%-9.2%
3 Year52.4%52.4%31.4%24.8%-13.5%-18.4%
5 Year150.4%124.7%-5.2%-16.3%-9.3%-18.2%

Long-Term Price Volatility Vs. Market

How volatile is Zenitel's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Zenitel undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ZENT (€21.8) is trading below our estimate of fair value (€91.06)

Significantly Below Fair Value: ZENT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ZENT is good value based on its PE Ratio (14.1x) compared to the XE Communications industry average (34.4x).

PE vs Market: ZENT is good value based on its PE Ratio (14.1x) compared to the Belgian market (15.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ZENT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ZENT is good value based on its PB Ratio (2.1x) compared to the XE Communications industry average (2.8x).


Next Steps

Future Growth

How is Zenitel forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.8%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Zenitel has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Zenitel performed over the past 5 years?

13.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ZENT has high quality earnings.

Growing Profit Margin: ZENT's current net profit margins (6.8%) are higher than last year (4.2%).


Past Earnings Growth Analysis

Earnings Trend: ZENT's earnings have grown by 13.5% per year over the past 5 years.

Accelerating Growth: ZENT's earnings growth over the past year (77%) exceeds its 5-year average (13.5% per year).

Earnings vs Industry: ZENT earnings growth over the past year (77%) exceeded the Communications industry -1.6%.


Return on Equity

High ROE: ZENT's Return on Equity (15.2%) is considered low.


Next Steps

Financial Health

How is Zenitel's financial position?


Financial Position Analysis

Short Term Liabilities: ZENT's short term assets (€51.1M) exceed its short term liabilities (€23.5M).

Long Term Liabilities: ZENT's short term assets (€51.1M) exceed its long term liabilities (€1.8M).


Debt to Equity History and Analysis

Debt Level: ZENT's debt to equity ratio (7.8%) is considered satisfactory.

Reducing Debt: ZENT's debt to equity ratio has reduced from 9% to 7.8% over the past 5 years.

Debt Coverage: ZENT's debt is well covered by operating cash flow (252.7%).

Interest Coverage: ZENT's interest payments on its debt are well covered by EBIT (32.5x coverage).


Balance Sheet


Next Steps

Dividend

What is Zenitel current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ZENT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ZENT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ZENT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ZENT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ZENT's dividend in 3 years as they are not forecast to pay a notable one for the Belgian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.5yrs

Average management tenure


CEO

Koen Claerbout (48 yo)

1.42yrs

Tenure

€10,000

Compensation

Mr. Koen Claerbout serves as Chief Executive Officer at Zenitel NV since August 6, 2019. Mr. Claerbout serves as Director at Zenitel NV since 2018 and its Managing Director. Mr. Claerbout is Chief Executiv...


Leadership Team

NamePositionTenureCompensationOwnership
Koen Claerbout
CEO, MD & Director1.42yrs€10.00kno data
Mark Kupers
Chief Financial Officerno datano datano data
Wim Berg
Executive Vice President of Europeno datano datano data
Thomas Haegh
Executive Officerno datano datano data
Svein Damre
Executive Officerno datano datano data
Ingrid Bratvold
Executive Officerno datano datano data
Dan Rothrock
Senior Vice President of Channel Development3yrsno datano data
Lars Paulsson
Executive Vice President for Security & Safety1.58yrsno datano data
Charlotte Callens
Company Secretary0.25yrno datano data

1.5yrs

Average Tenure

Experienced Management: ZENT's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Koen Claerbout
CEO, MD & Director1.42yrs€10.00kno data
Wenche Holen
Independent Non Executive Director8.75yrs€27.50kno data
Johan Van Gorp
Independent Non-Executive Chairmanno data€47.50kno data
Hans Swinnen
Non- Executive Directorno data€20.00kno data
Liesbet der Perre
Independent Non Executive Directorno data€20.00kno data
Gail Smith
Independent Non-Executive Director1.75yrs€13.75kno data
Yves De Backer
Non-Executive Director4yrs€35.00kno data

3.4yrs

Average Tenure

54yo

Average Age

Experienced Board: ZENT's board of directors are considered experienced (3.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Zenitel NV's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Zenitel NV
  • Ticker: ZENT
  • Exchange: ENXTBR
  • Founded: 1901
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: €72.123m
  • Shares outstanding: 3.31m
  • Website: https://www.zenitel.com

Number of Employees


Location

  • Zenitel NV
  • Z.1 Research Park Zellik 110
  • Zellik
  • Flemish Brabant
  • 1731
  • Belgium

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ZENTENXTBR (Euronext Brussels)YesOrdinary SharesBEEURJan 1992
SSJABST (Boerse-Stuttgart)YesOrdinary SharesDEEURJan 1992

Biography

Zenitel NV provides communication and security solutions in Belgium, Norway, Singapore, Finland, France, the United States, and internationally. It provides solutions and systems for the offshore and onsho...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/20 19:35
End of Day Share Price2021/01/20 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.