DB:A0F

Stock Analysis Report

Executive Summary

Artefact S.A., a digital marketing agency, provides digital marketing consultancy services based on data and artificial intelligence (AI) worldwide.


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: A0F's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-3.1%

A0F

-7.3%

DE Professional Services

-9.1%

DE Market


1 Year Return

-56.6%

A0F

13.7%

DE Professional Services

2.9%

DE Market

Return vs Industry: A0F underperformed the German Professional Services industry which returned 17.4% over the past year.

Return vs Market: A0F underperformed the German Market which returned 6.5% over the past year.


Shareholder returns

A0FIndustryMarket
7 Day-3.1%-7.3%-9.1%
30 Day-6.4%-5.6%-7.2%
90 Day1.5%0.6%-6.5%
1 Year-56.6%-56.6%16.9%13.7%6.1%2.9%
3 Yearn/a37.6%26.6%3.5%-5.6%
5 Yearn/a72.8%50.0%8.0%-6.8%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Artefact 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: A0F (€1.08) is trading below our estimate of fair value (€4.25)

Significantly Below Fair Value: A0F is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: A0F is unprofitable, so we can't compare its PE Ratio to the Professional Services industry average.

PE vs Market: A0F is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate A0F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: A0F is good value based on its PB Ratio (0.7x) compared to the XE Professional Services industry average (2.2x).


Next Steps

Future Growth

How is Artefact forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

107.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: A0F is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.4%).

Earnings vs Market: A0F is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: A0F's is expected to become profitable in the next 3 years.

Revenue vs Market: A0F's revenue (16.4% per year) is forecast to grow faster than the German market (5.1% per year).

High Growth Revenue: A0F's revenue (16.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: A0F's Return on Equity is forecast to be low in 3 years time (6.6%).


Next Steps

Past Performance

How has Artefact performed over the past 5 years?

-52.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: A0F is currently unprofitable.

Growing Profit Margin: A0F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: A0F is unprofitable, and losses have increased over the past 5 years at a rate of -52.8% per year.

Accelerating Growth: Unable to compare A0F's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: A0F is unprofitable, making it difficult to compare its past year earnings growth to the Professional Services industry (7.1%).


Return on Equity

High ROE: A0F has a negative Return on Equity (-8.04%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Artefact's financial position?


Financial Position Analysis

Short Term Liabilities: A0F's short term assets (€74.5M) exceed its short term liabilities (€71.0M).

Long Term Liabilities: A0F's short term assets (€74.5M) exceed its long term liabilities (€25.1M).


Debt to Equity History and Analysis

Debt Level: A0F's debt to equity ratio (27.4%) is considered satisfactory.

Reducing Debt: A0F's debt to equity ratio has reduced from 199.6% to 27.4% over the past 5 years.


Balance Sheet

Inventory Level: A0F has a low level of unsold assets or inventory.

Debt Coverage by Assets: A0F's debt is covered by short term assets (assets are 4.9x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable A0F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: A0F is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -35.5% per year.


Next Steps

Dividend

What is Artefact's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.9%industryaverage2.6%forecastin3Years0%

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate A0F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate A0F's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if A0F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if A0F'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 A0F's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

6.0yrs

Average management tenure


CEO

Guillaume Roquemaurel 0

0

Mr. Guillaume De Roquemaurel is a Co-Founder and Group CEO of Artefact S.A. Mr. Roquemaurel has been Chief Operating Officer of NetBooster SA since September 15, 2017. He served as COO of Artefact S.A. He  ...


Leadership Team

NamePositionTenureCompensationOwnership
Guillaume Roquemaurel
Co-Founder & Group CEO0yrsno datano data
Vincent Luciani
Co-Founder & Group COO0yrsno datano data
Philippe Rolet
Co-Founder & Group CTO0yrsno datano data
Benjamin Hartmann
Group Chief Financial Officer2yrsno datano data
Cian O'Connor
Group Head of Corporate Finance & Controlling5.1yrsno datano data
Alexia Cassini
Group Communication Manager0yrsno datano data
Kristoffer Ewald
Group Chief Innovation Officer 13.1yrsno datano data
Raul Alcazar
Managing Director of Spain7.1yrsno datano data
Debora Casalaspro
Managing Director of Italy6.8yrsno datano data
Frank Glahn
Head of Finance for Metapeople - Germany & Zurich4yrsno datano data

6.0yrs

Average Tenure

Experienced Management: A0F's management team is seasoned and experienced (6 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 been diluted in the past year, with total shares outstanding growing by 17.3%.


Top Shareholders

Company Information

Artefact SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Artefact SA
  • Ticker: A0F
  • Exchange: DB
  • Founded: 1998
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Market Cap: €34.758m
  • Shares outstanding: 32.98m
  • Website: https://artefact.com

Number of Employees


Location

  • Artefact SA
  • 19 rue Richer
  • Paris
  • Ile-de-France
  • 75009
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALATFENXTPA (Euronext Paris)YesOrdinary SharesFREURJul 2006
0CY2LSE (London Stock Exchange)YesOrdinary SharesGBEURJul 2006
A0FDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2006
ATFNVENXTPA (Euronext Paris)EUR0.10 (RFD 01/01/2020)FREURDec 2019

Biography

Artefact S.A., a digital marketing agency, provides digital marketing consultancy services based on data and artificial intelligence (AI) worldwide. The company offers creative services, including Website and app development, video production, UX design, AI and Data Mod apps, and visualizations; and search engine optimization, programmatic display, search engine advertising, social media advertising, and affiliate marketing services. It also provides data and consulting services. The company was formerly known as NetBooster SA and changed its name to Artefact SA in January 2018. Artefact SA was founded in 1998 and is headquartered in Paris, France. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 00:07
End of Day Share Price2020/02/27 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.