Announcement • Jul 01
USU Software AG, Annual General Meeting, Aug 08, 2024 USU Software AG, Annual General Meeting, Aug 08, 2024, at 09:30 W. Europe Standard Time. Announcement • May 18
USU Software AG to Report Q1, 2024 Results on May 23, 2024 USU Software AG announced that they will report Q1, 2024 results on May 23, 2024 Announcement • Mar 22
USU Software AG to Report Fiscal Year 2023 Results on Mar 28, 2024 USU Software AG announced that they will report fiscal year 2023 results on Mar 28, 2024 Reported Earnings • Nov 24
Third quarter 2023 earnings released: EPS: €0.086 (vs €0.21 in 3Q 2022) Third quarter 2023 results: EPS: €0.086 (down from €0.21 in 3Q 2022). Revenue: €32.9m (up 1.0% from 3Q 2022). Net income: €858.0k (down 62% from 3Q 2022). Profit margin: 2.6% (down from 6.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Nov 23
USU Software AG Confirms Revenue Guidance for the Year 2023 USU Software AG announced that the management confirmed its Fiscal Year outlook of EUR 132 million - EUR 139 million sales (eNuW: EUR 133 million). Major Estimate Revision • Sep 10
Consensus EPS estimates fall by 27% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €137.5m to €134.1m. EPS estimate also fell from €0.84 per share to €0.61 per share. Net income forecast to grow 31% next year vs 13% growth forecast for Software industry in Germany. Consensus price target down from €31.15 to €29.60. Share price fell 5.5% to €17.30 over the past week. Reported Earnings • Sep 01
Second quarter 2023 earnings released: EPS: €0.071 (vs €0.18 in 2Q 2022) Second quarter 2023 results: EPS: €0.071 (down from €0.18 in 2Q 2022). Revenue: €31.6m (up 2.8% from 2Q 2022). Net income: €713.0k (down 62% from 2Q 2022). Profit margin: 2.3% (down from 6.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year. Announcement • Aug 24
USU Software AG Provides Sales Guidance for the Year 2023 USU Software AG provided sales guidance for the year 2023. The company now expects sales growth to EUR 132 million to 139 million in 2023 as a whole (previously: EUR 134 -139 million). Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €18.00, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 27x in the Software industry in Germany. Total loss to shareholders of 5.8% over the past three years. Upcoming Dividend • Jun 14
Upcoming dividend of €0.55 per share at 2.1% yield Eligible shareholders must have bought the stock before 21 June 2023. Payment date: 23 June 2023. Payout ratio is a comfortable 71% and the cash payout ratio is 88%. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.6%). Reported Earnings • May 26
First quarter 2023 earnings released: EPS: €0.17 (vs €0.16 in 1Q 2022) First quarter 2023 results: EPS: €0.17 (up from €0.16 in 1Q 2022). Revenue: €33.3m (up 13% from 1Q 2022). Net income: €1.73m (up 4.9% from 1Q 2022). Profit margin: 5.2% (down from 5.6% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • Mar 31
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: €0.76 (up from €0.64 in FY 2021). Revenue: €126.5m (up 13% from FY 2021). Net income: €7.58m (up 12% from FY 2021). Profit margin: 6.0% (in line with FY 2021). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 7.1%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Buying Opportunity • Feb 10
Now 20% undervalued Over the last 90 days, the stock is up 21%. The fair value is estimated to be €26.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 6.9%. Revenue is forecast to grow by 19% in 2 years. Earnings is forecast to grow by 94% in the next 2 years. Buying Opportunity • Jan 25
Now 21% undervalued Over the last 90 days, the stock is up 21%. The fair value is estimated to be €26.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 6.9%. Revenue is forecast to grow by 19% in 2 years. Earnings is forecast to grow by 94% in the next 2 years. Buying Opportunity • Jan 10
Now 20% undervalued Over the last 90 days, the stock is up 18%. The fair value is estimated to be €26.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 6.9%. Revenue is forecast to grow by 19% in 2 years. Earnings is forecast to grow by 94% in the next 2 years. Reported Earnings • Nov 26
Third quarter 2022 earnings released: EPS: €0.21 (vs €0.22 in 3Q 2021) Third quarter 2022 results: EPS: €0.21 (down from €0.22 in 3Q 2021). Revenue: €32.6m (up 17% from 3Q 2021). Net income: €2.24m (down 4.5% from 3Q 2021). Profit margin: 6.9% (down from 8.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 8% per year. Reported Earnings • Sep 01
Second quarter 2022 earnings released: EPS: €0.18 (vs €0.17 in 2Q 2021) Second quarter 2022 results: EPS: €0.18 (up from €0.17 in 2Q 2021). Revenue: €30.7m (up 15% from 2Q 2021). Net income: €1.88m (up 6.9% from 2Q 2021). Profit margin: 6.1% (down from 6.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 10%, compared to a 7.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Sep 01
USU Software AG (XTRA:OSP2) announces an Equity Buyback for 523,770 shares, representing 5% of its issued share capital. USU Software AG (XTRA:OSP2) announces a share repurchase program. Under the program, the company will repurchase up to 523,770 shares, representing 5%. The maximum price paid by the shareholders would not exceed €18.75 per share. The offer is valid till October 5, 2022. Announcement • Aug 25
USU Software AG to Report First Half, 2022 Results on Aug 31, 2022 USU Software AG announced that they will report first half, 2022 results on Aug 31, 2022 Upcoming Dividend • Jun 27
Upcoming dividend of €0.50 per share Eligible shareholders must have bought the stock before 04 July 2022. Payment date: 06 July 2022. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.5%). Higher than average of industry peers (2.0%). Announcement • Jun 10
USU Software AG Developes an Integrated, Scalable Platform for Efficient Controlling and Management in Complex Hybrid IT Infrastructures USU Software AG developed an integrated, scalable platform for efficient controlling and management in complex hybrid IT infrastructures. USU Hybrid Cloud Management (HCM) provides a end-to-end view for the optimal planning, coordination, monitoring, charging and controlling of various cloud resources and IT services across the board. The HCM solution ideally supplements USU's customer service and IT management portfolio and is available to customers now. Interested parties can get a good overview of the tool's capabilities through an on-demand webinar series or by attending a roadshow appointment. Skyrocketing cloud costs are the biggest challenge to companies when operating cloud computing environments. The cause is often the uncontrolled proliferation of cloud resources. The result is a lack of transparency and control, which frequently leads to violations of governance rules and significantly increases the risk of non-compliance. USU Hybrid Cloud Management supports companies in operating complex IT infrastructures with the help of the following functions: Cloud CMDB is a central information hub providing an overview of all cloud resources and their allocation to business services and cost centers. Cloud Cost Management integrates budgets, produces analyses, pinpoints unutilized resources and thus handles end-to-end cost controlling and optimization. Cloud License Management delivers transparency of the software licenses purchased and used at any time. This minimizes license costs and risks as well due to integrated compliance checking. Cloud Governance Management creates a uniform, multi-provider structure for allocating cloud resources to cost centers, business services, organizational structures and responsibilities. The Cloud Status Overview allows to monitor the utilization and availability of all cloud resources and the associated business services. Reported Earnings • May 20
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: €0.16 (down from €0.19 in 1Q 2021). Revenue: €29.6m (up 8.8% from 1Q 2021). Net income: €1.65m (down 19% from 1Q 2021). Profit margin: 5.6% (down from 7.5% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 12%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • May 20
USU Software AG Confirms Forecast for the Full Year 2022 USU Software AG confirmed forecast for the full year 2022. Following the positive first quarter and in light of the new all-time high in terms of orders on hand, the Management Board is confirming the full-year forecast for 2022 that it published on March 24, 2022. This forecast provides for sales growth to EUR 120-125 million with recurring revenue accounting for 45% of new product business. Announcement • Mar 23
USU Software AG to Report Fiscal Year 2021 Results on Mar 24, 2022 USU Software AG announced that they will report fiscal year 2021 results on Mar 24, 2022 Announcement • Feb 02
Bâloise Holding AG (SWX:BALN) acquired Usu Solutions Gmbh from USU Software AG (XTRA:OSP2). Bâloise Holding AG (SWX:BALN) acquired Usu Solutions Gmbh from USU Software AG (XTRA:OSP2) on January 31, 2022.
Bâloise Holding AG (SWX:BALN) completed the acquisition of Usu Solutions Gmbh from USU Software AG (XTRA:OSP2) on January 31, 2022. Reported Earnings • Nov 19
Third quarter 2021 earnings released: EPS €0.22 (vs €0.082 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €27.9m (up 8.4% from 3Q 2020). Net income: €2.35m (up 171% from 3Q 2020). Profit margin: 8.4% (up from 3.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 19
Third quarter 2021 earnings released: EPS €0.22 (vs €0.082 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €27.9m (up 8.4% from 3Q 2020). Net income: €2.35m (up 171% from 3Q 2020). Profit margin: 8.4% (up from 3.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 01
Second quarter 2021 earnings released: EPS €0.17 (vs €0.14 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €26.7m (up 3.3% from 2Q 2020). Net income: €1.76m (up 16% from 2Q 2020). Profit margin: 6.6% (up from 5.9% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 30
Upcoming dividend of €0.40 per share Eligible shareholders must have bought the stock before 07 July 2021. Payment date: 09 July 2021. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (3.2%). In line with average of industry peers (1.5%). Announcement • Jun 30
USU's Software Asset Management Solution Verified by Oracle for Data Collection of Oracle Fusion Middleware USU Group announced that their USU Software Asset Management solution has been verified by Oracle for data discovery of Fusion Middleware products. Combined with their prior verification for Oracle Database and Database Options, the USU solution can provide valuable data for end-to-end coverage of a company's Oracle environment. USU is a trusted partner of Oracle, and this new verification ensures their data collection meets or exceeds Oracle's standards. Customers can use the USU solution to gather accurate data about the installation and usage of Fusion Middleware products, and submit it in a software compliance audit, instead of using Oracle's measurement tools. USU Software Asset Management is verified by Oracle for its discovery of Middleware applications such as WebLogic, Oracle Application Server, Oracle Business Intelligence, Tuxedo, Webcenter, Forms & Reports, and Oracle SOA. The specialized Oracle solution is also verified for collecting installation and usage data for Oracle Database and its related options and features. It uses that data for its compliance reporting and deep optimization features. Important tasks include detecting and downgrading databases, excluding options that could be false positives, and deactivating costly accidental activations. Reported Earnings • May 15
First quarter 2021 earnings released: EPS €0.19 (vs €0.15 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €27.2m (up 3.7% from 1Q 2020). Net income: €2.03m (up 29% from 1Q 2020). Profit margin: 7.5% (up from 6.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • May 15
USU Software AG Provides Earnings Guidance for the Year 2021 USU Software AG provided earnings guidance for the year 2021. For the period, the group expects to record slight growth in sales. Price Target Changed • Apr 08
Price target increased to €31.83 Up from €26.25, the current price target is an average from 2 analysts. New target price is 12% above last closing price of €28.40. Stock is up 83% over the past year. Major Estimate Revision • Apr 01
Consensus EPS estimates fall to €0.57 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from €117.9m to €116.4m. EPS estimate also fell from €0.78 to €0.57. Net income forecast to grow 9.4% next year vs 2.4% growth forecast for Software industry in Germany. Consensus price target up from €26.25 to €27.75. Share price rose 3.7% to €28.00 over the past week. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS €0.52 (vs €0.50 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: €107.3m (up 12% from FY 2019). Net income: €5.48m (up 4.0% from FY 2019). Profit margin: 5.1% (down from 5.5% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Mar 19
USU Software AG to Report Fiscal Year 2020 Final Results on Mar 25, 2021 USU Software AG announced that they will report fiscal year 2020 final results on Mar 25, 2021 Announcement • Mar 16
USU Software AG Announces Solution to Analyze SAP(R) Digital Access Excluding Subsequent Documents USU Group announced powerful enhanced features for estimating SAP Digital Access in their flagship solution, USU Software Asset Management. It is the SAM industry's first solution to fully analyze the potential pricing of the Digital Access licensing model and help SAP customers avoid unnecessary costs or liabilities. The USU solution simulates the logic of SAP's own Digital Access Estimation Tool to produce a comparable analysis, and accurately predict the number of document licenses required under Digital Access. It shows how many digital documents have been created in the digital core, and by whom, through a single console. USU counts and filters important factors, such as disregarding fees for non-chargeable "subsequent" Financial documents, that the SAP estimation tool did not previously do. SAP customers must decide between two SAP licensing models: moving to Digital Access which charges per Digital Document or continuing with Indirect Access which charges for third-party making use of SAP data. The USU Software Asset Management solution offers an automated way to understand which model has more favorable conditions for cost reduction and avoidance. USU Software Asset Management is certified by SAP to be used technically in SAP NetWeaver as an ABAP add-on, helping USU customers benefit from improved interoperability and supportability. ITAM Review has independently verified the solution meets the biggest SAP licensing challenges, including ensuring compliance, optimizing licenses, identifying indirect access, and migrating to S/4HANA. Announcement • Mar 10
British Fintech Company Azimo Chooses Usu to Power Its Customer Support USU is equipping online money transfer service Azimo with its knowledge management solution for customer service. The digital customer service solution matches Azimo's innovative business model and furthers its mission to make financial services affordable and available to all. With USU Knowledge Management, Azimo will centralize its support data to create a single source of truth for customer service agents. The integration of Zendesk's cloud-based ticketing gives customer service agents a complete, up-to-date view from every customer channel, be it email, social media, web or phone. The solution is consistent across eight different languages, crucial for a money transfer service that serves more than 200 countries and territories. USU Knowledge Management also serves as an internal hub, with integrated e-learning for faster, more effective employee training and onboarding. By improving key performance indicators such as reducing handling times, onboarding times, and increasing first contact resolution rates, the company aims to achieve a ROI within several months. Is New 90 Day High Low • Jan 13
New 90-day high: €29.60 The company is up 34% from its price of €22.10 on 14 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €24.94 per share. Is New 90 Day High Low • Dec 18
New 90-day high: €29.00 The company is up 20% from its price of €24.10 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €21.17 per share. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improved over the past week After last week's 25% share price gain to €29.00, the stock is trading at a trailing P/E ratio of 39x, up from the previous P/E ratio of 31.2x. This compares to an average P/E of 27x in the Software industry in Germany. Total returns to shareholders over the past three years are 22%. Price Target Changed • Nov 25
Price target raised to €26.25 Up from €23.75, the current price target is an average from 2 analysts. The new target price is 14% above the current share price of €23.00. As of last close, the stock is up 48% over the past year. Reported Earnings • Nov 17
Third quarter 2020 earnings released: EPS €0.082 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: €25.8m (up 8.1% from 3Q 2019). Net income: €868.0k (down 63% from 3Q 2019). Profit margin: 3.4% (down from 9.9% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Sep 25
New 90-day high: €25.10 The company is up 24% from its price of €20.20 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €16.27 per share.