How does 2OE's PE Ratio compare to its peers?

2OE is expensive based on its Price-To-Earnings Ratio (35.2x) compared to the peer average (29.1x).

How does 2OE's PE Ratio compare vs other companies in the European Software Industry?

2OE is expensive based on its Price-To-Earnings Ratio (35.2x) compared to the European Software industry average (30.5x).

What is 2OE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate 2OE's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of 2OE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

2OE (€11.28) is trading below our estimate of [[fair value]] (€15.57)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

2OE Stock Overview

Engages in the development of IT systems and solutions.The company offers Tax System 5, an application for taxation and documents management; Tax System 5 Estate provides value calculation and geographical tracking of estate; Extra Accounting, an application for accounting offices; Extra Payroll, a tool to monitor and calculate the payroll for accounting offices and businesses; Hyper.Axion Accounting, a solution for accountants and big accounting offices; and Hyper.Axion Payroll, an integrated application for large accounting offices for monitoring of payroll circuit. More details

2OE fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	6/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 27.5% below our estimate of its fair value

Earnings grew by 67.8% over the past year

Risk Analysis

Significant insider selling over the past 3 months

My Notes

Capture your thoughts, links and company narrative

Epsilon Net S.A. Competitors

Mensch und Maschine Software

XTRA:MUM

€922.7m

ATOSS Software

XTRA:AOF

€1.8b

TeamViewer

XTRA:TMV

€1.5b

Fabasoft

XTRA:FAA

€176.8m

Price History & Performance

Summary of share price highs, lows and changes for Epsilon Net
Historical stock prices
Current Share Price	€11.28
52 Week High	€12.66
52 Week Low	€8.20
Beta	0.73
1 Month Change	0%
3 Month Change	-3.59%
1 Year Change	25.33%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	108.89%

Recent updates

Shareholder Returns

	2OE	DE Software	DE Market
7D	0%	2.9%	2.0%
1Y	25.3%	69.0%	9.6%

Return vs Industry: 2OE underperformed the German Software industry which returned 62.5% over the past year.

Return vs Market: 2OE exceeded the German Market which returned 13.3% over the past year.

Price Volatility

Is 2OE's price volatile compared to industry and market?
2OE volatility
2OE Average Weekly Movement	2.8%
Software Industry Average Movement	5.2%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	11.7%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: 2OE has not had significant price volatility in the past 3 months.

Volatility Over Time: 2OE's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1996	1,231	Ioannis Michos	www.epsilonnet.gr

Epsilon Net S.A. engages in the development of IT systems and solutions The company offers Tax System 5, an application for taxation and documents management; Tax System 5 Estate provides value calculation and geographical tracking of estate; Extra Accounting, an application for accounting offices; Extra Payroll, a tool to monitor and calculate the payroll for accounting offices and businesses; Hyper Axion Accounting, a solution for accountants and big accounting offices; and Hyper

Epsilon Net S.A. Fundamentals Summary

How do Epsilon Net's earnings and revenue compare to its market cap?
2OE fundamental statistics
Market cap	€650.40m
Earnings (TTM)	€18.45m
Revenue (TTM)	€93.23m

35.2x

P/E Ratio

7.0x

P/S Ratio

Is 2OE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2OE income statement (TTM)
Revenue	€93.23m
Cost of Revenue	€35.84m
Gross Profit	€57.39m
Other Expenses	€38.94m
Earnings	€18.45m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.34
Gross Margin	61.56%
Net Profit Margin	19.79%
Debt/Equity Ratio	22.8%

How did 2OE perform over the long term?

See historical performance and comparison

Dividends

0.6%

Current Dividend Yield

23%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/10/01 19:52
End of Day Share Price	2024/09/27 00:00
Earnings	2023/12/31
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Epsilon Net S.A. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ioannis Psilopoulos	Euroxx Securities

This company listing is no longer active

2OE Stock Overview

Rewards

Risk Analysis

Epsilon Net S.A. Competitors

XTRA:MUM

€922.7m

XTRA:AOF

€1.8b

XTRA:TMV

€1.5b

XTRA:FAA

€176.8m

Price History & Performance

Recent News & Updates

Less than half of directors are independent

Epsilon Net S.A. to Report First Half, 2024 Results on Sep 30, 2024

General Atlantic Ginger B.V. completed the acquisition of 37.08487% stake in Epsilon Net S.A. (ATSE:EPSIL) from Barca Global Master Fund, managed by Barca Capital and others.

General Atlantic Ginger B.V. completed the acquisition of 37.08487% stake in Epsilon Net S.A. (ATSE:EPSIL) from Barca Global Master Fund, managed by Barca Capital and others.

Epsilon Net S.A.(ATSE:EPSIL) dropped from ATHEX Composite Index

GM, Deputy CEO recently sold €3.6m worth of stock

Recent updates

Less than half of directors are independent

Epsilon Net S.A. to Report First Half, 2024 Results on Sep 30, 2024

General Atlantic Ginger B.V. completed the acquisition of 37.08487% stake in Epsilon Net S.A. (ATSE:EPSIL) from Barca Global Master Fund, managed by Barca Capital and others.

General Atlantic Ginger B.V. completed the acquisition of 37.08487% stake in Epsilon Net S.A. (ATSE:EPSIL) from Barca Global Master Fund, managed by Barca Capital and others.

Epsilon Net S.A.(ATSE:EPSIL) dropped from ATHEX Composite Index

GM, Deputy CEO recently sold €3.6m worth of stock

Investor sentiment improves as stock rises 18%

Epsilon Net S.A. to Report Q1, 2024 Results on May 28, 2024

Full year 2023 earnings released: EPS: €0.34 (vs €0.31 in FY 2022)

New minor risk - Financial data availability

Epsilon Net S.A. to Report Fiscal Year 2023 Final Results on Apr 18, 2024

Investor sentiment deteriorates as stock falls 17%

New major risk - Share price stability

Now 35% overvalued

Epsilon Net S.A. to Report Q4, 2023 Results on Mar 21, 2024

Investor sentiment deteriorates as stock falls 15%

First half 2023 earnings released: EPS: €0.14 (vs €0.047 in 1H 2022)

Space Hellas S.A. (ATSE:SPACE) acquired additional 39.933% stake in SingularLogic S.A. from Epsilon Net S.A. (ATSE:EPSIL) for €6.3 million.

Epsilon Net S.A. (ATSE:EPSIL) acquired 33.973% stake in Epsilon SingularLogic S.A. from Space Hellas S.A. (ATSE:SPACE) for €11.8 million.

Investor sentiment improves as stock rises 16%

Lemonia - Nola Protopapa acquired a 60% stake in SCAN INFORMATION SYSTEMS for €5 million.

Upcoming dividend of €0.074 per share at 0.8% yield

National Bank of Greece S.A. (ATSE:ETE) completed the acquisition of a 7.5% stake in loannis Michos.

Epsilon Net S.A. (ATSE:EPSIL) acquire 60% stake in DIGINET L.P. for €1.6 million.

Epsilon Net S.A. (ATSE:EPSIL) acquire 60% stake in DIGINET L.P. for €1.6 million.

Full year 2022 earnings released: EPS: €0.31 (vs €0.17 in FY 2021)

Investor sentiment improves as stock rises 17%

Investor sentiment improves as stock rises 16%

Investor sentiment improved over the past week

Less than half of directors are independent

Investor sentiment improved over the past week

Epsilon Net S.A. to Report Nine Months, 2022 Results on Nov 22, 2022

First half 2022 earnings released: EPS: €0 (vs €0.072 in 1H 2021)

Epsilon Net S.A. (ATSE:EPSIL) acquired a 55% stake in HotelonCloud Limited for €0.18.

Epsilon Net S.A. to Report First Half, 2022 Results on Sep 20, 2022

Now 23% undervalued

Investor sentiment deteriorated over the past week

Epsilon Net S.A. (ATSE:EPSIL) acquired a 60% stake in Taxheaven S.A for €1.7 million.

Epsilon Net S.A., Annual General Meeting, Jun 30, 2022

Less than half of directors are independent

Shareholder Returns

Price Volatility

About the Company

Epsilon Net S.A. Fundamentals Summary

35.2x

7.0x

Earnings & Revenue

Dividends

0.6%

23%

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources