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PSAN

PSI Software XTRA:PSAN Stock Report

Last Price

€29.40

Market Cap

€457.7m

7D

0.2%

1Y

-12.5%

Updated

28 Jun, 2022

Data

Company Financials +
PSAN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance5/6
Financial Health5/6
Dividends3/6

PSAN Stock Overview

PSI Software AG develops and sells software systems and products for the energy supply, production, infrastructure, software technology, internet applications, and business consultancy sectors worldwide.

PSI Software Competitors

Price History & Performance

Summary of all time highs, changes and price drops for PSI Software
Historical stock prices
Current Share Price€29.40
52 Week High€49.30
52 Week Low€27.45
Beta0.66
1 Month Change-6.52%
3 Month Change-28.12%
1 Year Change-12.50%
3 Year Change65.17%
5 Year Change107.63%
Change since IPO-51.88%

Recent News & Updates

May 19
PSI Software (ETR:PSAN) Is Paying Out A Larger Dividend Than Last Year

PSI Software (ETR:PSAN) Is Paying Out A Larger Dividend Than Last Year

The board of PSI Software AG ( ETR:PSAN ) has announced that it will be increasing its dividend on the 24th of May to...

Apr 29
PSI Software's (ETR:PSAN) Shareholders Will Receive A Bigger Dividend Than Last Year

PSI Software's (ETR:PSAN) Shareholders Will Receive A Bigger Dividend Than Last Year

PSI Software AG ( ETR:PSAN ) has announced that it will be increasing its dividend on the 24th of May to €0.40. This...

Apr 15
PSI Software's (ETR:PSAN) Dividend Will Be Increased To €0.40

PSI Software's (ETR:PSAN) Dividend Will Be Increased To €0.40

PSI Software AG's ( ETR:PSAN ) dividend will be increasing on the 24th of May to €0.40, with investors receiving 33...

Apr 01
PSI Software's (ETR:PSAN) Shareholders Will Receive A Bigger Dividend Than Last Year

PSI Software's (ETR:PSAN) Shareholders Will Receive A Bigger Dividend Than Last Year

PSI Software AG ( ETR:PSAN ) will increase its dividend on the 24th of May to €0.40, which is 33% higher than last...

Shareholder Returns

PSANDE SoftwareDE Market
7D0.2%3.5%-0.5%
1Y-12.5%-23.7%-21.1%

Return vs Industry: PSAN exceeded the German Software industry which returned -23.7% over the past year.

Return vs Market: PSAN exceeded the German Market which returned -21.1% over the past year.

Price Volatility

Is PSAN's price volatile compared to industry and market?
PSAN volatility
PSAN Average Weekly Movement6.0%
Software Industry Average Movement5.9%
Market Average Movement5.6%
10% most volatile stocks in DE Market10.2%
10% least volatile stocks in DE Market2.9%

Stable Share Price: PSAN is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: PSAN's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19692,182Harald Schrimpfhttps://www.psi.de

PSI Software AG develops and sells software systems and products for the energy supply, production, infrastructure, software technology, internet applications, and business consultancy sectors worldwide. The company operates through two segments, Energy Management and Production Management. The Energy Management segment provides intelligent solutions for utility companies in the electricity, gas, oil, and water sectors, as well as for the district heating sector.

PSI Software Fundamentals Summary

How do PSI Software's earnings and revenue compare to its market cap?
PSAN fundamental statistics
Market Cap€457.69m
Earnings (TTM)€15.27m
Revenue (TTM)€250.95m

30.1x

P/E Ratio

1.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PSAN income statement (TTM)
Revenue€250.95m
Cost of Revenue€199.56m
Gross Profit€51.39m
Other Expenses€36.12m
Earnings€15.27m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 28, 2022

Earnings per share (EPS)0.98
Gross Margin20.48%
Net Profit Margin6.08%
Debt/Equity Ratio2.7%

How did PSAN perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

41%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is PSAN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PSAN?

Other financial metrics that can be useful for relative valuation.

PSAN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.7x
Enterprise Value/EBITDA13.9x
PEG Ratio1.7x

Price to Earnings Ratio vs Peers

How does PSAN's PE Ratio compare to its peers?

PSAN PE Ratio vs Peers
The above table shows the PE ratio for PSAN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average28.3x
GKS GK Software
16.2x9.0%€305.3m
MUM Mensch und Maschine Software
36.2xn/a€830.9m
OSP2 USU Software
30.7x25.0%€192.6m
FAA Fabasoft
30.2x12.7%€211.2m
PSAN PSI Software
30.1x17.9%€457.7m

Price-To-Earnings vs Peers: PSAN is expensive based on its Price-To-Earnings Ratio (30.1x) compared to the peer average (28.3x).


Price to Earnings Ratio vs Industry

How does PSAN's PE Ratio compare vs other companies in the DE Software Industry?

Price-To-Earnings vs Industry: PSAN is expensive based on its Price-To-Earnings Ratio (30.1x) compared to the German Software industry average (28.6x)


Price to Earnings Ratio vs Fair Ratio

What is PSAN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PSAN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30.1x
Fair PE Ratio35.3x

Price-To-Earnings vs Fair Ratio: PSAN is good value based on its Price-To-Earnings Ratio (30.1x) compared to the estimated Fair Price-To-Earnings Ratio (35.3x).


Share Price vs Fair Value

What is the Fair Price of PSAN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PSAN (€29.4) is trading below our estimate of fair value (€58.08)

Significantly Below Fair Value: PSAN is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: PSAN is poor value based on its PEG Ratio (1.7x)


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Future Growth

How is PSI Software forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


17.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PSAN's forecast earnings growth (17.9% per year) is above the savings rate (-0.05%).

Earnings vs Market: PSAN's earnings (17.9% per year) are forecast to grow faster than the German market (8.3% per year).

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

Revenue vs Market: PSAN's revenue (8% per year) is forecast to grow faster than the German market (4.8% per year).

High Growth Revenue: PSAN's revenue (8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PSAN's Return on Equity is forecast to be high in 3 years time (21%)


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Past Performance

How has PSI Software performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


10.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PSAN has high quality earnings.

Growing Profit Margin: PSAN's current net profit margins (6.1%) are higher than last year (5.3%).


Past Earnings Growth Analysis

Earnings Trend: PSAN's earnings have grown by 10.4% per year over the past 5 years.

Accelerating Growth: PSAN's earnings growth over the past year (28.2%) exceeds its 5-year average (10.4% per year).

Earnings vs Industry: PSAN earnings growth over the past year (28.2%) exceeded the Software industry 8.2%.


Return on Equity

High ROE: PSAN's Return on Equity (13.1%) is considered low.


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Financial Health

How is PSI Software's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PSAN's short term assets (€176.6M) exceed its short term liabilities (€93.8M).

Long Term Liabilities: PSAN's short term assets (€176.6M) exceed its long term liabilities (€82.3M).


Debt to Equity History and Analysis

Debt Level: PSAN has more cash than its total debt.

Reducing Debt: PSAN's debt to equity ratio has increased from 0.04% to 2.7% over the past 5 years.

Debt Coverage: PSAN's debt is well covered by operating cash flow (1000.1%).

Interest Coverage: PSAN's interest payments on its debt are well covered by EBIT (31.5x coverage).


Balance Sheet


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Dividend

What is PSI Software current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.36%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: PSAN's dividend (1.36%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.45%).

High Dividend: PSAN's dividend (1.36%) is low compared to the top 25% of dividend payers in the German market (4.5%).


Stability and Growth of Payments

Stable Dividend: PSAN's dividend payments have been volatile in the past 10 years.

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


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (41.1%), PSAN's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (23.7%), PSAN's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

7.6yrs

Average board tenure


CEO

Harald Schrimpf (57 yo)

19.92yrs

Tenure

€981,000

Compensation

Dr. Harald Schrimpf has been the Chairman at PSI Aktiengesellschaft für Produkte und Systeme der Informationstechnologie (PSI AG) since June 30, 2013. Dr. Schrimpf has been Chief Executive Officer of PSI A...


CEO Compensation Analysis

Compensation vs Market: Harald's total compensation ($USD1.03M) is about average for companies of similar size in the German market ($USD917.77K).

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


Board Members

Experienced Board: PSAN's board of directors are considered experienced (7.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

PSI Software AG's employee growth, exchange listings and data sources


Key Information

  • Name: PSI Software AG
  • Ticker: PSAN
  • Exchange: XTRA
  • Founded: 1969
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: €457.688m
  • Shares outstanding: 15.65m
  • Website: https://www.psi.de

Number of Employees


Location

  • PSI Software AG
  • Dircksenstrasse 42– 44
  • Berlin
  • Berlin
  • 10178
  • Germany

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.