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Groupe Open

BST:G19
Snowflake Description

Flawless balance sheet, undervalued and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
G19
BST
€164M
Market Cap
  1. Home
  2. DE
  3. Software
Company description

Groupe Open engages in digital and industrial transformation business in France, Belgium, the Netherlands, Luxembourg, and China. The last earnings update was 72 days ago. More info.


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G19 Share Price and Events
7 Day Returns
0%
BST:G19
-8.3%
DE IT
-1.1%
DE Market
1 Year Returns
-
BST:G19
34.6%
DE IT
-10.7%
DE Market
G19 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Groupe Open (G19) 0% 0% 2.8% - - -
DE IT -8.3% -15.9% -26.6% 34.6% 159.3% 340.7%
DE Market -1.1% 0.1% -8.3% -10.7% 14.5% 41.2%
1 Year Return vs Industry and Market
  • No trading data on G19.
  • No trading data on G19.
Price Volatility
G19
Industry
5yr Volatility vs Market
Related Companies

G19 Value

 Is Groupe Open 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 Groupe Open 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 Groupe Open.

BST:G19 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 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:G19
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- 33%) (12.28%))
0.731
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:G19 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Groupe Open 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:G19 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (EUR, Millions) 14.40 17.60 18.58 19.62 20.72
Source Analyst x3 Analyst x2 Est @ 5.6% Est @ 5.6% Est @ 5.6%
Present Value
Discounted (@ 8.11%)
13.32 15.06 14.71 14.37 14.03
Present value of next 5 years cash flows €71.49
BST:G19 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= €20.72 × (1 + 0.54%) ÷ (8.11% – 0.54%)
€275.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= €275.37 ÷ (1 + 8.11%)5
€186.47
BST:G19 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= €71.49 + €186.47
€257.96
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €257.96 / 8.34
€48.53
BST:G19 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:G19 represents 1.56983x of ENXTPA:OPN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.56983x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 30.91 x 1.56983
€48.53
Value per share (EUR) From above. €48.53
Current discount Discount to share price of €30.80
= -1 x (€30.80 - €48.53) / €48.53
36.5%

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

Current Discount
Amount off the current price Groupe Open is available for.
Intrinsic value
37%
Share price is €30.8 vs Future cash flow value of €48.53
Current Discount Checks
For Groupe Open to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Groupe Open's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Groupe Open'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 Groupe Open's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Groupe Open's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:G19 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in EUR €1.45
ENXTPA:OPN Share Price ** ENXTPA (2018-08-28) in EUR €19.62
Germany IT Industry PE Ratio Median Figure of 20 Publicly-Listed IT Companies 24.6x
Germany Market PE Ratio Median Figure of 412 Publicly-Listed Companies 17.68x

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

** Primary Listing of Groupe Open.

BST:G19 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:OPN Share Price ÷ EPS (both in EUR)

= 19.62 ÷ 1.45

13.57x

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

  • Groupe Open is good value based on earnings compared to the DE IT industry average.
  • Groupe Open is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Groupe Open's expected growth come at a high price?
Raw Data
BST:G19 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
14.6%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 1.31x

*Line of best fit is calculated by linear regression .

BST:G19 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.57x ÷ 14.6%

0.93x

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

  • Groupe Open is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Groupe Open's assets?
Raw Data
BST:G19 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in EUR €14.19
ENXTPA:OPN Share Price * ENXTPA (2018-08-28) in EUR €19.62
Germany IT Industry PB Ratio Median Figure of 25 Publicly-Listed IT Companies 3.49x
Germany Market PB Ratio Median Figure of 556 Publicly-Listed Companies 1.84x
BST:G19 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:OPN Share Price ÷ Book Value per Share (both in EUR)

= 19.62 ÷ 14.19

1.38x

* Primary Listing of Groupe Open.

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

  • Groupe Open is good value based on assets compared to the DE IT industry average.
X
Value checks
We assess Groupe Open'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. Groupe Open has a total score of 5/6, 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.

G19 Future Performance

 How is Groupe Open expected to perform in the next 1 to 3 years based on estimates from 4 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
14.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Groupe Open expected to grow at an attractive rate?
  • Groupe Open's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Groupe Open's earnings growth is expected to exceed the Germany market average.
  • Groupe Open's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:G19 Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:G19 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 14.6%
BST:G19 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 4.9%
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 11.1%
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:G19 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:G19 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 362 22 18 2
2019-12-31 343 20 15 4
2018-12-31 327 17 13 3
BST:G19 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-06-30 322 12 12
2018-03-31 318 16 11
2017-12-31 314 20 10
2017-06-30 298 15 12
2017-03-31 296 12 12
2016-12-31 294 9 12
2016-09-30 293 13 11
2016-06-30 293 18 11
2016-03-31 288 18 10
2015-12-31 282 17 9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Groupe Open's earnings are expected to grow by 14.6% yearly, however this is not considered high growth (20% yearly).
  • Groupe Open's revenue is expected to grow by 4.9% 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:G19 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 4 Analyst Estimates (S&P Global) See Below

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

BST:G19 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 2.05 2.16 1.93 2.00
2019-12-31 1.74 1.96 1.48 4.00
2018-12-31 1.57 1.74 1.34 4.00
BST:G19 Past Financials Data
Date (Data in EUR Millions) EPS *
2018-06-30 1.45
2018-03-31 1.34
2017-12-31 1.23
2017-06-30 1.42
2017-03-31 1.39
2016-12-31 1.36
2016-09-30 1.35
2016-06-30 1.33
2016-03-31 1.21
2015-12-31 1.09

*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.
  • Groupe Open is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Groupe Open'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.
Groupe Open has a total score of 2/6, 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.

G19 Past Performance

  How has Groupe Open 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 Groupe Open'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.
  • Groupe Open has delivered over 20% year on year earnings growth in the past 5 years.
  • Groupe Open's 1-year earnings growth is less than its 5-year average (1.7% vs 23.2%)
  • Groupe Open's earnings growth has not exceeded the DE IT industry average in the past year (1.7% vs 11.3%).
Earnings and Revenue History
Groupe Open'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 Groupe Open Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:G19 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 321.70 12.10 9.70
2018-03-31 317.80 11.20 10.00
2017-12-31 313.90 10.30 10.30
2017-06-30 297.90 11.90 1.10
2017-03-31 295.70 11.70 0.55
2016-12-31 293.50 11.50
2016-09-30 293.40 11.40
2016-06-30 293.30 11.30
2016-03-31 287.80 10.30
2015-12-31 282.30 9.30
2015-06-30 273.50 8.10
2015-03-31 268.85 7.20
2014-12-31 264.20 6.30
2014-06-30 254.00 4.80
2014-03-31 250.55 4.25
2013-12-31 247.10 3.70
2013-09-30 247.65 3.50 4.55
2013-06-30 244.30 3.20
2013-03-31 243.25 4.05
2012-12-31 242.20 4.90
2012-09-30 244.65 4.40
2012-06-30 247.10 3.90
2012-03-31 251.25 4.05
2011-12-31 255.40 4.20

*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.
  • Groupe Open has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Groupe Open used its assets less efficiently than the DE IT industry average last year based on Return on Assets.
  • Groupe Open has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Groupe Open'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.
Groupe Open has a total score of 2/6, 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.

G19 Health

 How is Groupe Open'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 Groupe Open's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Groupe Open is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Groupe Open's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Groupe Open'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 5.7x 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 Groupe Open Company Filings, last reported 4 months ago.

BST:G19 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 118.40 20.10 21.80
2018-03-31 118.40 20.10 21.80
2017-12-31 115.50 22.80 33.80
2017-06-30 114.20 26.20 26.90
2017-03-31 114.20 26.20 26.90
2016-12-31 113.80 28.80 30.80
2016-09-30 113.80 28.80 30.80
2016-06-30 107.60 22.30 24.50
2016-03-31 107.60 22.30 24.50
2015-12-31 106.60 16.90 26.30
2015-06-30 100.90 16.30 9.90
2015-03-31 100.90 16.30 9.90
2014-12-31 99.10 19.60 16.80
2014-06-30 95.40 23.70 15.50
2014-03-31 95.40 23.70 15.50
2013-12-31 93.90 26.90 24.80
2013-09-30 93.90 26.90 24.80
2013-06-30 91.30 24.60 17.50
2013-03-31 91.30 24.60 17.50
2012-12-31 93.20 24.00 24.80
2012-09-30 93.20 24.00 24.80
2012-06-30 87.80 26.40 16.10
2012-03-31 87.80 26.40 16.10
2011-12-31 89.90 27.50 21.20
  • Groupe Open's level of debt (17%) 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 (27% vs 17% today).
  • Debt is well covered by operating cash flow (61.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 28.5x coverage).
X
Financial health checks
We assess Groupe Open'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. Groupe Open 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.

G19 Dividends

 What is Groupe Open'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
2.14%
Current annual income from Groupe Open dividends. Estimated to be 2.24% next year.
If you bought €2,000 of Groupe Open shares you are expected to receive €43 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?
  • Groupe Open's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.61%).
  • Groupe Open's dividend is below the markets top 25% of dividend payers in Germany (3.83%).
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:G19 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 4 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:G19 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.51 2.00
2019-12-31 0.46 3.00
2018-12-31 0.37 3.00
BST:G19 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-04-23 0.420 1.503
2018-03-28 0.420 1.234
2017-04-13 0.340 1.176
2017-03-16 0.340 1.380
2016-04-15 0.250 1.185
2015-09-10 0.160 1.120
2015-04-17 0.160 1.349
2014-09-10 0.000 0.000
2014-04-15 0.000 0.000
2014-03-19 0.000 0.000
2013-04-29 0.130 1.951
2013-03-20 0.130 2.184
2012-04-03 0.100 2.037
2012-03-20 0.100 1.632
2011-03-21 0.000 0.000
2010-09-22 0.000 0.000
2010-09-21 0.000 0.000
2010-04-16 0.000 0.000
2009-09-16 0.350 5.700
2009-05-04 0.350 5.931
2008-11-26 0.200 4.484

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 Groupe Open's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.9x coverage).
X
Income/ dividend checks
We assess Groupe Open'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 Groupe Open afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Groupe Open 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.

G19 Management

 What is the CEO of Groupe Open'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
Frédéric Sebag
COMPENSATION €445,174
AGE 52
CEO Bio

Mr. Frédéric Sebag founded Groupe Open in 1989 and has been its Co-Chairman of the Board since August 9, 1991 and serves as its Chief Executive Officer. Mr. Sebag serves as Managing Director of Groupe Open. Mr. Sebag started his career as an application engineer in an IT services company in 1985 and in 1987, he became Head of Sales of the same company. After acquiring Open in 2005, he endeavored successfully to regenerate the newly-acquired company. He serves as Co-President of the Board of Directors of Open and served as its Chairman of the Board of Directors. He serves as a Director of Groupe Open. He has degree in Mathematics.

CEO Compensation
  • Frédéric's compensation has been consistent with company performance over the past year.
  • Frédéric's remuneration is about average for companies of similar size in Germany.
Management Team

Frédéric Sebag

TITLE
Co-President of the Board
COMPENSATION
€445K
AGE
52

Guy Mamou-Mani

TITLE
Co-President of the Board
COMPENSATION
€442K

Valérie Benvenuto

TITLE
Chief Financial Officer
COMPENSATION
€27K

Laurent Sadoun

TITLE
Deputy Chief Executive Officer
COMPENSATION
€114K
AGE
54
TENURE
16.5 yrs

Mrejen Nathalie

TITLE
Head of Financial Communication

Vanessa Michard

TITLE
Head of Corporate Affairs & Data Protection Officer
Board of Directors Tenure

Average tenure and age of the Groupe Open board of directors in years:

15.2
Average Tenure
53.5
Average Age
  • The average tenure for the Groupe Open board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Guy Mamou-Mani

TITLE
Co-President of the Board
COMPENSATION
€442K

Valérie Benvenuto

TITLE
Chief Financial Officer
COMPENSATION
€27K
TENURE
10.2 yrs

Laurent Sadoun

TITLE
Deputy Chief Executive Officer
COMPENSATION
€114K
AGE
54
TENURE
20.2 yrs

Robert Morin

TITLE
Chairman of TEAMLOG

Frédéric Sebag

TITLE
Co-President of the Board
COMPENSATION
€445K
AGE
52
TENURE
27.3 yrs

Dominique Malige

TITLE
Independent Director
COMPENSATION
€14K
TENURE
10.2 yrs

Nathalie Andrieux

TITLE
Member of the Digital Advisory Board
AGE
53

Lara Rouyres

TITLE
Member of the Digital Advisory Board

Gilles Babinet

TITLE
Member of the Digital Advisory Board

Michel Cosnard

TITLE
Member of the Digital Advisory Board
AGE
66
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Groupe Open'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. Groupe Open 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.

G19 News

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G19 Company Info

Map
Description

Groupe Open engages in digital and industrial transformation business in France, Belgium, the Netherlands, Luxembourg, and China. The company offers IT and digital consultancy services; project management assistance; project design and conception services; application design and development services for management systems, Websites, mobile projects, etc.; application portfolio management services; software integrating solutions; and project testing and acceptance services. It also provides agility, DevOps, and automation services; deployment and integration services; infrastructure management services; and user and application support services. The company serves banking, insurance, finance, services and transportation, energy, industrial, telecom, media, commerce, and distribution markets, as well as public sector. Groupe Open was founded in 1989 and is headquartered in Levallois-Perret, France.

Details
Name: Groupe Open
G19
Exchange: BST
Founded: 1989
€163,724,328
8,344,767
Website: http://www.open-groupe.com
Address: Groupe Open
Carré Champeret,
28 rue Jacque Ibert,
Levallois-Perret,
Ile-de-France, 92300,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA OPN Ordinary Shares Euronext Paris FR EUR 25. May 1998
DB G19 Ordinary Shares Deutsche Boerse AG DE EUR 25. May 1998
BST G19 Ordinary Shares Boerse-Stuttgart DE EUR 25. May 1998
LSE 0O1T Ordinary Shares London Stock Exchange GB EUR 25. May 1998
BATS-CHIXE OPNP Ordinary Shares BATS 'Chi-X Europe' GB EUR 25. May 1998
Number of employees
Current staff
Staff numbers
3,700
Groupe Open employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/25 19:03
End of day share price update: 2018/08/28 00:00
Last estimates confirmation: 2018/10/24
Last earnings filing: 2018/09/14
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.