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Computacenter

BST:COUD
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
COUD
BST
£1B
Market Cap
  1. Home
  2. DE
  3. Software
Company description

Computacenter plc, through its subsidiaries, provides information technology (IT) infrastructure services in the United Kingdom, Germany, France, and Belgium. The last earnings update was 92 days ago. More info.


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COUD Share Price and Events
7 Day Returns
0%
BST:COUD
-8.3%
DE IT
-1.2%
DE Market
1 Year Returns
34.9%
BST:COUD
34.5%
DE IT
-10.9%
DE Market
COUD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Computacenter (COUD) 0% 0% -9.5% 34.9% - -
DE IT -8.3% -14.5% -26.6% 34.5% 159.5% 340.9%
DE Market -1.2% 1% -8.4% -10.9% 14.2% 40.9%
1 Year Return vs Industry and Market
  • COUD outperformed the Market in Germany which returned -10.9% over the past year.
Price Volatility
COUD
Industry
5yr Volatility vs Market

COUD Value

 Is Computacenter undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Computacenter to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Computacenter.

BST:COUD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:COUD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 9.5%
IT Unlevered Beta Simply Wall St/ S&P Global 0.68
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.675 (1 + (1- 19%) (1.94%))
0.686
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (0.8 * 9.46%)
8.11%

Discounted Cash Flow Calculation for BST:COUD using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Computacenter is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

BST:COUD DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (GBP, Millions) 77.40 86.77 91.48 96.45 101.70
Source Analyst x4 Analyst x3 Est @ 5.43% Est @ 5.43% Est @ 5.43%
Present Value
Discounted (@ 8.11%)
71.59 74.24 72.40 70.61 68.87
Present value of next 5 years cash flows £357.72
BST:COUD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= £101.70 × (1 + 0.54%) ÷ (8.11% – 0.54%)
£1,351.33
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= £1,351.33 ÷ (1 + 8.11%)5
£915.09
BST:COUD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= £357.72 + £915.09
£1,272.81
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £1,272.81 / 112.68
£17.1
BST:COUD Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:COUD represents 1.51412x of LSE:CCC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.51412x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 11.30 x 1.51412
€17.10
Value per share (EUR) From above. €17.10
Current discount Discount to share price of €16.08
= -1 x (€16.08 - €17.10) / €17.10
6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Computacenter is available for.
Intrinsic value
6%
Share price is €16.08 vs Future cash flow value of €17.1
Current Discount Checks
For Computacenter to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Computacenter's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Computacenter's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Computacenter's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Computacenter's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:COUD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in GBP £0.71
LSE:CCC Share Price ** LSE (2018-08-27) in GBP £10.62
Germany IT Industry PE Ratio Median Figure of 20 Publicly-Listed IT Companies 24.73x
Germany Market PE Ratio Median Figure of 413 Publicly-Listed Companies 17.58x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Computacenter.

BST:COUD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:CCC Share Price ÷ EPS (both in GBP)

= 10.62 ÷ 0.71

14.94x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Computacenter is good value based on earnings compared to the DE IT industry average.
  • Computacenter is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Computacenter's expected growth come at a high price?
Raw Data
BST:COUD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
7.3%per year
Germany IT Industry PEG Ratio Median Figure of 14 Publicly-Listed IT Companies 1.47x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

BST:COUD PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.94x ÷ 7.3%

2.04x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Computacenter is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Computacenter's assets?
Raw Data
BST:COUD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in GBP £3.57
LSE:CCC Share Price * LSE (2018-08-27) in GBP £10.62
Germany IT Industry PB Ratio Median Figure of 25 Publicly-Listed IT Companies 3.49x
Germany Market PB Ratio Median Figure of 555 Publicly-Listed Companies 1.84x
BST:COUD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:CCC Share Price ÷ Book Value per Share (both in GBP)

= 10.62 ÷ 3.57

2.97x

* Primary Listing of Computacenter.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Computacenter is good value based on assets compared to the DE IT industry average.
X
Value checks
We assess Computacenter's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. Computacenter has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

COUD Future Performance

 How is Computacenter expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Computacenter expected to grow at an attractive rate?
  • Computacenter's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Computacenter's earnings growth is positive but not above the Germany market average.
  • Computacenter's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:COUD Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:COUD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 7.3%
BST:COUD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 6.8%
Germany IT Industry Earnings Growth Rate Market Cap Weighted Average 24.6%
Germany IT Industry Revenue Growth Rate Market Cap Weighted Average 18.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:COUD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:COUD Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 5,032 1
2020-12-31 4,975 116 97 4
2019-12-31 4,850 112 93 5
2018-12-31 4,270 92 83 5
BST:COUD Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-06-30 4,102 103 84
2018-03-31 3,948 105 82
2017-12-31 3,793 106 81
2017-09-30 3,630 93 82
2017-06-30 3,468 81 82
2017-03-31 3,356 75 73
2016-12-31 3,245 68 64
2016-09-30 3,170 80 61
2016-06-30 3,094 92 57
2016-03-31 3,076 93 80
2015-12-31 3,058 94 103
2015-09-30 3,074 90 105

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Computacenter's earnings are expected to grow by 7.3% yearly, however this is not considered high growth (20% yearly).
  • Computacenter's revenue is expected to grow by 6.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:COUD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Computacenter Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:COUD Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 0.82 0.86 0.76 3.00
2019-12-31 0.79 0.83 0.73 3.00
2018-12-31 0.73 0.76 0.70 3.00
BST:COUD Past Financials Data
Date (Data in GBP Millions) EPS *
2018-06-30 0.71
2018-03-31 0.69
2017-12-31 0.67
2017-09-30 0.68
2017-06-30 0.68
2017-03-31 0.61
2016-12-31 0.53
2016-09-30 0.50
2016-06-30 0.47
2016-03-31 0.66
2015-12-31 0.84
2015-09-30 0.86

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Computacenter is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Computacenter's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Computacenter has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

COUD Past Performance

  How has Computacenter performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Computacenter's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Computacenter's year on year earnings growth rate has been positive over the past 5 years.
  • Computacenter's 1-year earnings growth is less than its 5-year average (1.8% vs 14.1%)
  • Computacenter's earnings growth has not exceeded the DE IT industry average in the past year (1.8% vs 11.3%).
Earnings and Revenue History
Computacenter's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Computacenter Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:COUD Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 4,101.95 83.64 405.77
2018-03-31 3,947.66 82.48 398.18
2017-12-31 3,793.37 81.31 390.58
2017-09-30 3,630.44 81.75 374.71
2017-06-30 3,467.51 82.19 358.84
2017-03-31 3,356.45 72.98 350.25
2016-12-31 3,245.40 63.77 341.67
2016-09-30 3,169.91 60.60 332.45
2016-06-30 3,094.43 57.43 323.23
2016-03-31 3,076.02 80.27 319.30
2015-12-31 3,057.62 103.11 315.38
2015-09-30 3,074.25 104.93 316.87
2015-06-30 3,090.88 106.74 318.37
2015-03-31 3,099.32 80.93 321.09
2014-12-31 3,107.76 55.12 323.81
2014-09-30 3,105.89 53.44 323.87
2014-06-30 3,104.01 51.75 323.92
2014-03-31 3,088.04 42.46 322.51
2013-12-31 3,072.08 33.16 321.10
2013-09-30 2,995.19 29.18 313.25
2013-06-30 2,918.30 25.19 305.40
2013-03-31 2,916.26 37.16 304.29
2012-12-31 2,914.21 49.12 303.17
2012-09-30 2,911.76 52.87 307.37
2012-06-30 2,909.31 56.62 311.56
2012-03-31 2,880.81 58.82 309.47
2011-12-31 2,852.30 61.01 307.38

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Computacenter has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Computacenter used its assets more efficiently than the DE IT industry average last year based on Return on Assets.
  • Computacenter has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Computacenter's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Computacenter has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

COUD Health

 How is Computacenter's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Computacenter's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Computacenter is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Computacenter's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Computacenter's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 44.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Computacenter Company Filings, last reported 4 months ago.

BST:COUD Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 409.57 23.18 72.93
2018-03-31 409.57 23.18 72.93
2017-12-31 488.86 15.42 206.61
2017-09-30 488.86 15.42 206.61
2017-06-30 448.41 2.84 140.14
2017-03-31 448.41 2.84 140.14
2016-12-31 427.97 4.18 148.68
2016-09-30 427.97 4.18 148.68
2016-06-30 377.83 4.24 100.88
2016-03-31 377.83 4.24 100.88
2015-12-31 361.45 5.98 126.77
2015-09-30 361.45 5.98 126.77
2015-06-30 320.02 8.73 53.62
2015-03-31 320.02 8.73 53.62
2014-12-31 385.41 10.67 129.87
2014-09-30 385.41 10.67 129.87
2014-06-30 354.03 16.96 70.98
2014-03-31 354.03 16.96 70.98
2013-12-31 364.67 19.69 91.10
2013-09-30 364.67 19.69 91.10
2013-06-30 333.08 20.62 86.34
2013-03-31 333.08 20.62 86.34
2012-12-31 422.34 19.52 148.15
2012-09-30 422.34 19.52 148.15
2012-06-30 395.93 17.99 101.75
2012-03-31 395.93 17.99 101.75
2011-12-31 403.75 24.80 138.44
  • Computacenter's level of debt (5.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (6.2% vs 5.7% today).
  • Debt is well covered by operating cash flow (444.5%, greater than 20% of total debt).
  • Computacenter earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Computacenter's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Computacenter has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

COUD Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.46%
Current annual income from Computacenter dividends. Estimated to be 3.03% next year.
If you bought €2,000 of Computacenter shares you are expected to receive €49 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Computacenter's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.59%).
  • Computacenter's dividend is below the markets top 25% of dividend payers in Germany (3.84%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:COUD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Germany IT Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 0.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:COUD Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.37 2.00
2020-12-31 0.33 5.00
2019-12-31 0.32 5.00
2018-12-31 0.30 5.00
BST:COUD Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2018-04-18 0.261 1.955
2018-03-13 0.261 2.237
2017-03-30 0.222 2.331
2017-03-13 0.222 2.978
2016-04-14 0.214 2.769
2016-03-11 0.214 2.557
2015-03-12 0.215 2.820
2015-03-11 0.215 2.965
2014-05-12 0.198 2.800
2014-03-11 0.198 2.669
2013-04-08 0.195 3.088
2013-03-12 0.195 2.949
2012-04-10 0.189 3.907
2012-03-13 0.189 3.460
2012-03-12 0.189 3.529
2011-03-10 0.166 3.270
2011-03-09 0.166 2.986
2010-03-11 0.139 3.292
2010-03-01 0.139 3.484
2009-04-06 0.103 3.516
2009-03-10 0.103 6.764
2008-11-25 0.101 8.068

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Computacenter's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Computacenter's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Computacenter afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Computacenter has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

COUD Management

 What is the CEO of Computacenter's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mike Norris
COMPENSATION £2,212,600
AGE 56
TENURE AS CEO 23.9 years
CEO Bio

Mr. Mike J. Norris has been the Chief Executive Officer of Computacenter Plc since December 1994. Mr. Norris has responsibility for all the day-to-day activities and reporting channels across Computacenter. Since 1986, he served as National Account Manager of Computacenter Plc. He also served as Regional Manager for London operations at Computacenter PLC., since 1988 and its General Manager of the Systems Division since 1992. Mr. Norris joined Computacenter PLC in 1984 as a salesman in the City office. He serves as the Chairman of Computacenter SA. He serves as an Executive Director of ComputaCenter plc. Mr. Norris holds Bachelor Degree in computer science and mathematics from East Anglia University in 1983. He was awarded an Honorary Doctor of Science from Hertfordshire University in 2010.

CEO Compensation
  • Mike's compensation has increased by more than 20% in the past year.
  • Mike's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Computacenter management team in years:

5.8
Average Tenure
  • The average tenure for the Computacenter management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Mike Norris

TITLE
CEO & Executive Director
COMPENSATION
£2M
AGE
56
TENURE
23.9 yrs

Tony Conophy

TITLE
Group Finance Director & Executive Director
COMPENSATION
£1M
AGE
60
TENURE
20.7 yrs

Mark Slaven

TITLE
Group Chief Information Officer & Group Information Services Director

Fraser Phillips

TITLE
Head of Group Legal & Contracting
TENURE
5.8 yrs

Robert Burns

TITLE
Director of Strategic Pursuit Sales
TENURE
1.1 yrs

Barry Hoffman

TITLE
Group Human Resources Director

Reiner Louis

TITLE
Managing Director of Germany
TENURE
5.8 yrs

Massimiliano D’Auria

TITLE
Managing Director of Switzerland

Kevin James

TITLE
Group Chief Commercial Officer

Neil Hall

TITLE
Managing Director of UK & Ireland
TENURE
1.1 yrs
Board of Directors Tenure

Average tenure and age of the Computacenter board of directors in years:

4.6
Average Tenure
63
Average Age
  • The tenure for the Computacenter board of directors is about average.
Board of Directors

Greg Lock

TITLE
Non-Executive Chairman
COMPENSATION
£195K
AGE
71
TENURE
10.3 yrs

Mike Norris

TITLE
CEO & Executive Director
COMPENSATION
£2M
AGE
56

Tony Conophy

TITLE
Group Finance Director & Executive Director
COMPENSATION
£1M
AGE
60

Minnow Powell

TITLE
Independent Non-Executive Director
COMPENSATION
£66K
AGE
64
TENURE
3.8 yrs

Ros Rivaz

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£50K
AGE
63
TENURE
0.6 yrs

Philip Hulme

TITLE
Co-Founder & Non-Executive Director
COMPENSATION
£50K
AGE
70

Peter Ogden

TITLE
Co-Founder & Non-Executive Director
COMPENSATION
£50K
AGE
71
TENURE
37.8 yrs

Regine Stachelhaus

TITLE
Independent Non-Executive Director
COMPENSATION
£50K
AGE
63
TENURE
5.3 yrs

Peter Ryan

TITLE
Additional Independent Non-Executive Director
AGE
57
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Computacenter insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
13. Nov 18 Buy Gregory Lock Individual 12. Nov 18 12. Nov 18 57,000 €13.35 €760,733
10. Oct 18 Buy Gregory Lock Individual 09. Oct 18 10. Oct 18 43,000 €13.84 €594,895
09. May 18 Sell The Greg and Rosie Lock Charitable Foundation Trust, Endowment Arm Company 08. May 18 08. May 18 -15,027 €14.29 €-214,679
05. Apr 18 Buy Gregory Lock Individual 04. Apr 18 04. Apr 18 10,000 €13.31 €133,052
14. Mar 18 Buy Gregory Lock Individual 13. Mar 18 13. Mar 18 39,000 €11.75 €458,328
14. Mar 18 Buy F. Conophy Individual 13. Mar 18 14. Mar 18 52,093 €11.76 €610,936
X
Management checks
We assess Computacenter's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Computacenter has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

COUD News

External News
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Simply Wall St News

COUD Company Info

Map
Description

Computacenter plc, through its subsidiaries, provides information technology (IT) infrastructure services in the United Kingdom, Germany, France, and Belgium. The company offers information security, and identity and access management solutions, as well as endpoint, infrastructure, and cyber security solutions; network solutions, including local area and datacenter network, and physical infrastructure; and datacenter solutions, such as enterprise computing, hybrid cloud, data and storage management, and analytics and big data. It also provides workplace solutions comprising client computing, virtual desktop, enterprise mobility, and print; online, video and voice communication, messaging, and collaboration solutions; global and next generation service desk solutions; smart supply, supply chain, lifecycle management, and e-business services; change and consulting services; and managed, and support and maintenance services. In addition, the company offers international call center, property investment, IT application, and employee share scheme trustee services. It provides its solutions for customers in the financial services, public, retail, utility, pharmaceutical, professional services, oil and gas, and e-gaming sectors. The company was founded in 1981 and is headquartered in Hatfield, the United Kingdom.

Details
Name: Computacenter plc
COUD
Exchange: BST
Founded: 1981
£1,351,703,121
112,676,773
Website: http://www.computacenter.com
Address: Computacenter plc
Hatfield Avenue,
Hatfield Business Park,
Hatfield,
Hertfordshire, AL10 9TW,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE CCC A Ordinary Shares London Stock Exchange GB GBP 21. May 1998
DB COUD A Ordinary Shares Deutsche Boerse AG DE EUR 21. May 1998
BST COUD A Ordinary Shares Boerse-Stuttgart DE EUR 21. May 1998
BATS-CHIXE CCCL A Ordinary Shares BATS 'Chi-X Europe' GB GBP 21. May 1998
Number of employees
Current staff
Staff numbers
14,632
Computacenter employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/24 19:23
End of day share price update: 2018/08/27 00:00
Last estimates confirmation: 2018/11/01
Last earnings filing: 2018/08/24
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.