XTRA:AOF

Stock Analysis Report

Executive Summary

ATOSS Software AG develops and sells workforce management software in Germany, Austria, Switzerland, Romania, and internationally.

Snowflake

Fundamentals

Flawless balance sheet with solid track record and pays a dividend.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

1.6%

AOF

9.0%

DE Software

2.4%

DE Market


1 Year Return

59.3%

AOF

15.9%

DE Software

2.3%

DE Market

Return vs Industry: AOF exceeded the German Software industry which returned 15.9% over the past year.

Return vs Market: AOF exceeded the German Market which returned 2.3% over the past year.


Shareholder returns

AOFIndustryMarket
7 Day1.6%9.0%2.4%
30 Day-1.2%5.9%-0.2%
90 Day-1.2%-5.4%0.6%
1 Year65.3%59.3%17.5%15.9%5.5%2.3%
3 Year158.9%142.0%54.2%47.9%18.9%8.6%
5 Year387.6%329.6%148.4%130.8%44.8%25.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

41.16x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: AOF (€125.5) is trading above our estimate of fair value (€102.68)

Significantly Undervalued: AOF is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: AOF is poor value based on its PE Ratio (41.2x) compared to the Software industry average (37.8x).

PE vs Market: AOF is poor value based on its PE Ratio (41.2x) compared to the German market (19.5x).


Price to Earnings Growth Ratio

Low PEG Ratio: AOF is poor value based on its PEG Ratio (2.9x)


Price to Book Ratio

PB vs Industry: AOF is overvalued based on its PB Ratio (27.7x) compared to the DE Software industry average (3x).


Next Steps

Future Growth

How is ATOSS Software forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

14.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AOF's forecast earnings growth (14.4% per year) is above the savings rate (0.2%).

Earnings vs Market: AOF's earnings (14.4% per year) are forecast to grow faster than the German market (12.6% per year).

High Growth Earnings: AOF's earnings are forecast to grow, but not significantly.

Revenue vs Market: AOF's revenue (11.9% per year) is forecast to grow faster than the German market (5% per year).

High Growth Revenue: AOF's revenue (11.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: AOF's Return on Equity is forecast to be very high in 3 years time (42.9%).


Next Steps

Past Performance

How has ATOSS Software performed over the past 5 years?

12.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: AOF's earnings have grown by 12.3% per year over the past 5 years.

Accelerating Growth: AOF's earnings growth over the past year (21.8%) exceeds its 5-year average (12.3% per year).

Earnings vs Industry: AOF earnings growth over the past year (21.8%) exceeded the Software industry 14.5%.


Return on Equity

High ROE: AOF's Return on Equity (67.5%) is considered outstanding.


Return on Assets

ROA vs Industry: AOF has a higher Return on Assets than the Software industry average last year.


Return on Capital Employed

ROCE Improving: AOF's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is ATOSS Software's financial position?


Financial Position Analysis

Short Term Liabilities: AOF's short term assets (€33.8M) exceeds its short term liabilities (€16.3M)

Long Term Liabilities: AOF's short term assets (33.8M) exceeds its long term liabilities (15.8M)


Debt to Equity History and Analysis

Debt Level: AOF is debt free.

Reducing Debt: AOF had no debt 5 years ago.

Debt Coverage: AOF has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: AOF has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: AOF has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if AOF's debt is covered by short term assets.


Next Steps

Dividend

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

1.12%

Current Dividend Yield


Dividend Yield vs Market

company1.1%marketbottom25%1.4%markettop25%3.9%industryaverage1.3%forecastin3Years1.5%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: AOF's dividend (1.12%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.43%).

High Dividend: AOF's dividend (1.12%) is low compared to the top 25% of dividend payers in the German market (3.86%).

Stable Dividend: AOF's dividends per share have been stable in the past 10 years.

Growing Dividend: AOF's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (45.9%), AOF's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AOF's dividends in 3 years are forecast to be well covered by earnings (42.8% payout ratio).


Next Steps

Management

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

€784k

CEO Compensation


CEO

Andreas F. Obereder 0

20.8yrs

Tenure

€783,709

Compensation

Mr. Andreas F. J. Obereder founded Atoss Software AG and has been its Chief Executive Officer since 1999. Mr. Obereder served as the President and has been a Member of Management Board at Atoss Software AG ...


CEO Compensation Analysis

Compensation vs. Market: Andreas F.'s total compensation ($USD863.69K) is about average for companies of similar size in the German market ($USD809.46K).

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


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Andreas F. Obereder

    Founder

    • Tenure: 20.8yrs
    • Compensation: €783.71k
  • Peter Kirn

    Chairman of the Supervisory Board & Management Consultant

    • Tenure: 0yrs
    • Compensation: €26.00k
  • Christof Leiber

    CFO & Member of Management Board

    • Tenure: 0yrs
    • Compensation: €469.80k
  • Alexander Fritsh

    Managing Director of SMB Sales & Alliance

    • Tenure: 0yrs
  • Henrich Gotz

    Director of Human Resources

    • Tenure: 0yrs
  • Elke Jäger

    Director of Marketing

    • Tenure: 0yrs
  • Thomas Kirn

    Managing Director of Sales

    • Tenure: 0yrs

Board Members

  • Peter Kirn

    Chairman of the Supervisory Board & Management Consultant

    • Tenure: 0yrs
    • Compensation: €26.00k
  • Rolf Baron von Hohenhau

    Deputy Chairman of the Supervisory Board

    • Tenure: 0yrs
    • Compensation: €26.00k
  • Klaus Bauer

    Member of the Supervisory Board

    • Tenure: 6.5yrs
    • Compensation: €13.00k

Company Information

ATOSS Software AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ATOSS Software AG
  • Ticker: AOF
  • Exchange: XTRA
  • Founded: 1987
  • Industry: Application Software
  • Sector: Software
  • Market Cap: €499.059m
  • Shares outstanding: 3.98m
  • Website: https://www.atoss.com

Number of Employees


Location

  • ATOSS Software AG
  • Rosenheimerstrasse 141 h
  • Munich
  • Bavaria
  • 81671
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AOFDB (Deutsche Boerse AG)YesBearer SharesDEEURMar 2000
AOFXTRA (XETRA Trading Platform)YesBearer SharesDEEURMar 2000
0N66LSE (London Stock Exchange)YesBearer SharesGBEURMar 2000
AOFdBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURMar 2000

Biography

ATOSS Software AG develops and sells workforce management software in Germany, Austria, Switzerland, Romania, and internationally. It also provides software maintenance, hardware, and consulting services r ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 20:52
End of Day Share Price2019/10/14 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.