BST:69P

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Prologue S.A. delivers cloud, IP communications, and enterprise content management (ECM) and exchange (EDI) solutions in France and internationally.


Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 69P's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

3.3%

69P

1.4%

DE Software

2.0%

DE Market


1 Year Return

-53.9%

69P

2.2%

DE Software

-2.6%

DE Market

Return vs Industry: 69P underperformed the German Software industry which returned 2.2% over the past year.

Return vs Market: 69P underperformed the German Market which returned -2.6% over the past year.


Shareholder returns

69PIndustryMarket
7 Day3.3%1.4%2.0%
30 Day-6.4%4.3%8.4%
90 Day-21.8%-0.9%-7.3%
1 Year-53.9%-53.9%3.7%2.2%-1.0%-2.6%
3 Year-77.1%-77.1%25.6%20.5%-6.6%-13.9%
5 Yearn/a85.8%73.0%1.1%-11.7%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

0.83x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 69P's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 69P's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 69P is unprofitable, so we can't compare its PE Ratio to the Software industry average.

PE vs Market: 69P 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 69P's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 69P is good value based on its PB Ratio (0.8x) compared to the DE Software industry average (3.2x).


Next Steps

Future Growth

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

16.5%

Forecasted Software 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 Prologue 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 Prologue performed over the past 5 years?

8.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 69P is currently unprofitable.

Growing Profit Margin: 69P is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 69P is unprofitable, but has reduced losses over the past 5 years at a rate of 8.1% per year.

Accelerating Growth: Unable to compare 69P's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 69P is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (35.2%).


Return on Equity

High ROE: 69P has a negative Return on Equity (-7.98%), as it is currently unprofitable.


Next Steps

Financial Health

How is Prologue's financial position?


Financial Position Analysis

Short Term Liabilities: 69P's short term assets (€41.9M) exceed its short term liabilities (€36.9M).

Long Term Liabilities: 69P's short term assets (€41.9M) exceed its long term liabilities (€19.2M).


Debt to Equity History and Analysis

Debt Level: 69P's debt to equity ratio (80.8%) is considered high.

Reducing Debt: 69P's debt to equity ratio has increased from 11.7% to 80.8% over the past 5 years.


Balance Sheet


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: 69P has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: 69P has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 13.4% each year


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 69P's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 69P'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 69P's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 69P'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 69P'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?

25.3yrs

Average management tenure


CEO

Georges Seban (90yo)

3.83yrs

Tenure

€48,000

Compensation

Mr. Georges Seban is the Founder of Prologue S.A. and serves as its Chairman. Mr. Seban serves as Chief Executive Officer of Prologue S.A. since July 21, 2016. Mr. Seban serves as Chief Executive officer o ...


CEO Compensation Analysis

Compensation vs Market: Georges's total compensation ($USD52.30K) is below average for companies of similar size in the German market ($USD427.16K).

Compensation vs Earnings: Georges's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Georges Seban
Founder3.83yrs€48.00k4.71% 528.4k
Ramendra Das
Chief Financial Officerno data€26.02kno data
John Namee
Chief Operating Officerno datano datano data
Scott Finkle
VP & Technical Directorno datano datano data
Annik Bonnefemme
Director of the Communication27.33yrsno datano data
Christian Léonetti
Managing Director25.33yrs€519.61kno data
Najah Naffah
Managing Directorno datano datano data
Jaime Guevara
International Chief Executive Officerno datano datano data
Benjamin Arragon
Group General Secretaryno datano datano data

25.3yrs

Average Tenure

67yo

Average Age

Experienced Management: 69P's management team is seasoned and experienced (25.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Georges Seban
Founder3.83yrs€48.00k4.71% 528.4k
Michel Seban
Director8.92yrs€13.00kno data
Annik Harmand
Independent Director1.92yrs€8.00kno data
Elsa Perdomo
Director5.33yrs€6.00kno data
Jean-Claude Canioni
Independent Director2.67yrs€16.00kno data
Sophie Rigollot
Independent Director1.92yrs€4.00kno data

4.0yrs

Average Tenure

Experienced Board: 69P's board of directors are considered experienced (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

Prologue S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Prologue S.A.
  • Ticker: 69P
  • Exchange: BST
  • Founded:
  • Industry: Application Software
  • Sector: Software
  • Market Cap: €11.215m
  • Shares outstanding: 45.96m
  • Website: https://www.prologue.fr

Number of Employees


Location

  • Prologue S.A.
  • 101, Avenue Laurent Cély
  • Gennevilliers
  • Ile-de-France
  • 92230
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
0FPJLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 2007
PROLPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 2007
PROLENXTPA (Euronext Paris)YesOrdinary SharesFREURJan 2007
69PBST (Boerse-Stuttgart)YesOrdinary SharesDEEURJan 2007

Biography

Prologue S.A. delivers cloud, IP communications, and enterprise content management (ECM) and exchange (EDI) solutions in France and internationally. It offers cloud computing solutions with a brokering platform for various businesses, and tools for porting and administrating applications in the cloud with deployment and management; and unified communication solutions, including telephony and fax over IP systems that are integrated within the enterprise information system. The company also provides ECM and EDI integrated solutions for the dematerialization of incoming and outgoing documents, as well as documents circulating within the company, such as various formats and types of media for customers, suppliers, administrations or other partners, or for employees and private individuals. In addition, it offers development, integration, and maintenance solutions and services to assist companies in optimizing their application portfolio. Further, the company provides diagnostics, field studies, consulting, deployment, functional upgrade, and maintenance, as well as dematerialization, and cloud and IP communication solutions; and information systems and development services. Its solutions and services are distributed in SaaS or license-based mode for the optimization of business information systems. The company is headquartered in Gennevilliers, France. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/26 16:22
End of Day Share Price2020/05/25 00:00
Earnings2019/12/31
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.