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Visiativ

DB:16V
Snowflake Description

Reasonable growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
16V
DB
€84M
Market Cap
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Last updated 2019/05/20 22:11
Company description

Visiativ SA engages in the integration of software solutions and development of Web platforms primarily in Europe. The last earnings update was 20 days ago. More info.

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16V Share Price and Events
7 Day Returns
3.3%
DB:16V
3.5%
DE IT
-0.2%
DE Market
1 Year Returns
-38.4%
DB:16V
7.6%
DE IT
-10.3%
DE Market
16V Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Visiativ (16V) 3.3% -15.9% -4.6% -38.4% 62.4% -
DE IT 3.5% 14% 22.2% 7.6% 158.1% 262%
DE Market -0.2% -2.4% 4% -10.3% 11.2% 10.8%
1 Year Return vs Industry and Market
  • 16V underperformed the IT industry which returned 7.6% over the past year.
  • 16V underperformed the Market in Germany which returned -10.3% over the past year.
Price Volatility
16V
Industry
5yr Volatility vs Market
Related Companies

16V Value

 Is Visiativ 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 Visiativ 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 Visiativ.

DB:16V Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:16V
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
IT Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.049 (1 + (1- 33%) (62.11%)) 		1.326
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 1.33
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.326 * 6.65%) 		9.04%

Discounted Cash Flow Calculation for DB:16V using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Visiativ is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:16V DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 9.04%)
2019 10.80 Analyst x2 9.90
2020 12.65 Analyst x2 10.64
2021 12.10 Analyst x1 9.33
2022 11.73 Est @ -3.04% 8.30
2023 11.49 Est @ -2.06% 7.45
2024 11.33 Est @ -1.38% 6.74
2025 11.23 Est @ -0.89% 6.13
2026 11.17 Est @ -0.56% 5.59
2027 11.13 Est @ -0.32% 5.11
2028 11.11 Est @ -0.16% 4.68
Present value of next 10 years cash flows €73.86
DB:16V DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €11.11 × (1 + 0.23%) ÷ (9.04% – 0.23%) 		€126.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €126.37 ÷ (1 + 9.04%)10 		€53.17
DB:16V Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €73.86 + €53.17 		€127.03
Equity Value per Share
(EUR)		 = Total value / Shares Outstanding
= €127.03 / 3.89 		€32.66
DB:16V Discount to Share Price
Calculation Result
Value per share (EUR) From above. €33.42
Current discount Discount to share price of €22.00
= -1 x (€22.00 - €33.42) / €33.42 		34.2%

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

Current Discount
Amount off the current price Visiativ is available for.
Intrinsic value
34%
Share price is €22 vs Future cash flow value of €33.42
Current Discount Checks
For Visiativ to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Visiativ's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Visiativ'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 Visiativ's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Visiativ's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:16V PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.82
ENXTPA:ALVIV Share Price ** ENXTPA (2019-05-20) in EUR €21.5
Germany IT Industry PE Ratio Median Figure of 20 Publicly-Listed IT Companies 25.52x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.17x

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

** Primary Listing of Visiativ.

DB:16V PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 21.5 ÷ 0.82

 26.34x

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

  • Visiativ is overvalued based on earnings compared to the DE IT industry average.
  • Visiativ is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Visiativ's expected growth come at a high price?
Raw Data
DB:16V PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts		 33.6%per year
Germany IT Industry PEG Ratio Median Figure of 13 Publicly-Listed IT Companies 1.58x
Germany Market PEG Ratio Median Figure of 273 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

DB:16V PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 26.34x ÷ 33.6%

 0.78x

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

  • Visiativ is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Visiativ's assets?
Raw Data
DB:16V PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €9.64
ENXTPA:ALVIV Share Price * ENXTPA (2019-05-20) in EUR €21.5
Germany IT Industry PB Ratio Median Figure of 25 Publicly-Listed IT Companies 3.83x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.78x
DB:16V PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 21.5 ÷ 9.64

 2.23x

* Primary Listing of Visiativ.

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

  • Visiativ is good value based on assets compared to the DE IT industry average.
Show me more potentially undervalued companies in the IT industry
X
Value checks
We assess Visiativ'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. Visiativ 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.

16V Future Performance

 How is Visiativ expected to perform in the next 1 to 3 years based on estimates from 3 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
33.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Visiativ expected to grow at an attractive rate?
  • Visiativ's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Visiativ's earnings growth is expected to exceed the Germany market average.
  • Visiativ's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:16V Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:16V Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 33.6%
DB:16V Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 11.1%
Germany IT Industry Earnings Growth Rate Market Cap Weighted Average 24%
Germany IT Industry Revenue Growth Rate Market Cap Weighted Average 16.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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
DB:16V Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:16V Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 232 11 1
2020-12-31 217 18 8 3
2019-12-31 201 16 7 3
DB:16V Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 167 8 3
2018-09-30 151 7 2
2018-06-30 136 7 1
2018-03-31 132 8 3
2017-12-31 127 8 5
2017-09-30 122 8 5
2017-06-30 118 7 5
2017-03-31 113 6 5
2016-12-31 108 6 4
2016-09-30 106 5 3
2016-06-30 104 4 2
2016-03-31 94 7 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Visiativ's earnings are expected to grow significantly at over 20% yearly.
  • Visiativ's revenue is expected to grow by 11.1% 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
DB:16V 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 3 Analyst Estimates (S&P Global) See Below

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

DB:16V Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.88 2.88 2.88 1.00
2020-12-31 2.09 2.35 1.70 3.00
2019-12-31 1.64 1.83 1.32 3.00
DB:16V Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.82
2018-09-30 0.47
2018-06-30 0.14
2018-03-31 0.65
2017-12-31 1.20
2017-09-30 1.36
2017-06-30 1.54
2017-03-31 1.39
2016-12-31 1.25
2016-09-30 0.92
2016-06-30 0.53
2016-03-31 0.34

*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.
  • Visiativ is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Show me more growth companies in the IT industry
X
Future performance checks
We assess Visiativ'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.
Visiativ has a total score of 4/6, 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.

16V Past Performance

  How has Visiativ 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 Visiativ'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.
  • Visiativ has delivered over 20% year on year earnings growth in the past 5 years.
  • Visiativ's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Visiativ's 1-year earnings growth is negative, it can't be compared to the DE IT industry average.
Earnings and Revenue History
Visiativ'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 Visiativ Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:16V Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 166.71 3.29 1.35
2018-09-30 151.46 1.93 1.03
2018-06-30 136.21 0.58 1.56
2018-03-31 131.70 2.69 1.21
2017-12-31 127.18 4.81
2017-09-30 122.38 5.11
2017-06-30 117.58 5.41
2017-03-31 112.91 4.90
2016-12-31 108.23 4.39
2016-09-30 105.89 3.06 -0.34
2016-06-30 103.54 1.72 0.69
2016-03-31 93.80 1.07 0.69
2015-12-31 84.06 0.41
2015-09-30 70.33 -0.79 0.58
2015-06-30 56.61 -1.99 0.46
2015-03-31 53.86 -2.28 0.46
2014-12-31 51.11 -2.56 0.46
2014-09-30 50.88 -1.31 0.45
2014-06-30 50.65 -0.07
2014-03-31 50.62 -0.02
2013-12-31 50.59 0.04 0.22
2012-12-31 47.85 0.74

*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.
  • Visiativ has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Visiativ used its assets less efficiently than the DE IT industry average last year based on Return on Assets.
  • Visiativ's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Visiativ'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.
Visiativ has a total score of 1/6, 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.

16V Health

 How is Visiativ'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 Visiativ's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Visiativ is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Visiativ's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Visiativ'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 2.1x 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 Visiativ Company Filings, last reported 4 months ago.

DB:16V Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 47.27 51.95 35.34
2018-09-30 47.27 51.95 35.34
2018-06-30 39.32 50.36 26.93
2018-03-31 39.32 50.36 26.93
2017-12-31 37.53 25.15 35.22
2017-09-30 37.53 25.15 35.22
2017-06-30 19.21 20.77 15.22
2017-03-31 19.21 20.77 15.22
2016-12-31 18.89 16.20 19.48
2016-09-30 18.89 16.20 19.48
2016-06-30 12.53 6.88 11.33
2016-03-31 12.53 6.88 11.33
2015-12-31 6.03 7.65 12.25
2015-09-30 6.03 7.93 12.25
2015-06-30 3.90 8.46 5.83
2015-03-31 3.90 8.46 5.83
2014-12-31 5.37 4.36 5.84
2014-09-30 5.37 4.36 5.84
2014-06-30 5.40 4.71 2.55
2014-03-31 5.40 4.71 2.55
2013-12-31 1.99 5.55 2.46
2012-12-31 2.03 6.91 2.97
  • Visiativ's level of debt (109.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (272.4% vs 109.9% today).
  • Debt is not well covered by operating cash flow (14.7%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10.4x coverage).
Show me more healthy companies in the IT industry
X
Financial health checks
We assess Visiativ'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. Visiativ has a total score of 4/6, 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.

16V Dividends

 What is Visiativ'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
0%
Current annual income from Visiativ dividends. Estimated to be 0% next year.
If you bought €2,000 of Visiativ shares you are expected to receive €0 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?
  • Unable to evaluate Visiativ's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Visiativ's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
DB:16V 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 3 Analyst Estimates (S&P Global) See Below
Germany IT Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 0.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
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.

DB:16V Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 2.00
2019-12-31 0.00 2.00

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

  • Unable to perform a dividend volatility check as Visiativ has not reported any payouts.
  • Unable to verify if Visiativ's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Visiativ's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Visiativ has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Visiativ's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Visiativ's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Visiativ afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Visiativ has a total score of 0/6, see the detailed checks below.


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

16V Management

 What is the CEO of Visiativ'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
Laurent Fiard
CEO Bio

Mr. Laurent Fiard serves as Co-President at Axemble S.A. Mr. Fiard is Co-Founder and Chief Executive Officer at Visiativ SA. He is the Co-Founder of Axeleo SAS. Mr. Fiard also serves as a mentor. He serves as the President at Medef Lyon-Rhône. Formerly, Mr. Fiard served as President at Cluster Edit. He started his career at Hewlett & Packard. Mr. Fiard was first involved with sales before creating and heading a CAD department. In 1988, he joined the subsidiary of AEL and took responsibility for business development. He has been the Chairman of the Board of Directors at Visiativ SA since April 18, 1997. Mr. Fiard serves as an Associate Director at Axemble S.A. Mr. Fiard holds a degree in sales and marketing.

CEO Compensation
  • Insufficient data for Laurent to compare compensation growth.
  • Insufficient data for Laurent to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure of the Visiativ management team in years:

3.3
Average Tenure
  • The tenure for the Visiativ management team is about average.
Management Team

Laurent Fiard

TITLE
Co-Founder

Christian Donzel

TITLE
Co-Founder

Franck Belicard

TITLE
Administrative & Finance Director
TENURE
13.3 yrs

Lydia Jouval

TITLE
Head of Communications

Jérémie Donzel

TITLE
Marketing & Communications Director

Karine Polakowski

TITLE
Human Resources Director

Olivier Blachon

TITLE
Head of Business Development

Olivier Stephan

TITLE
Deputy Managing Director of Finance & Support
TENURE
3.3 yrs

Thierry Lucotte

TITLE
Deputy Managing Director of Operations
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure of the Visiativ board of directors in years:

5.2
Average Tenure
  • The tenure for the Visiativ board of directors is about average.
Board of Directors

Christian Donzel

TITLE
Co-Founder
TENURE
25.1 yrs

Daniel Derderian

TITLE
Director
TENURE
5.2 yrs

Laurent Fiard

TITLE
Co-Founder
TENURE
22.1 yrs

Hubert Jaricot

TITLE
Independent Director
TENURE
5.2 yrs

Benoît Soury

TITLE
Independent Director
AGE
53
TENURE
5.2 yrs

Anne-Shopie Panseri

TITLE
Independent Director

Sylvie Guinard

TITLE
Independent director

Pascale Dumas

TITLE
Independent director
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 Visiativ'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. Visiativ 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.

16V News

Simply Wall St News

16V Company Info

Description

Visiativ SA engages in the integration of software solutions and development of Web platforms primarily in Europe. It offers 3DEXPERIENCE, a platform that provides virtual ecosystems to manage the lifecycle of companies' products; and Moovapps, a smart enterprise platform to create business applications. The company was founded in 1987 and is headquartered in Charbonnières-les-Bains, France.

Details
Name: Visiativ SA
16V
Exchange: DB
Founded: 1987
€83,632,484
3,889,883
Website: http://www.visiativ.com
Address: Visiativ SA
26, rue Benoît Bennier,
Charbonnières-les-Bains,
Rhône-Alpes, 69260,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA ALVIV Common Stock Euronext Paris FR EUR 28. May 2014
DB 16V Common Stock Deutsche Boerse AG DE EUR 28. May 2014
LSE 0W8T Common Stock London Stock Exchange GB EUR 28. May 2014
Number of employees
Current staff
Staff numbers
878
Visiativ employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 22:11
End of day share price update: 2019/05/20 00:00
Last estimates confirmation: 2019/04/24
Last earnings filing: 2019/04/30
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.

Related Companies

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