Executive Summary
Visiativ SA engages in the integration of software solutions primarily in Europe.
Rewards
Risk Analysis
+ 1 more risk
Snowflake Analysis
Good value with moderate growth potential.
Share Price & News
How has Visiativ's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 16V's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
2.7%
16V
0.09%
DE IT
6.8%
DE Market
1 Year Return
-14.8%
16V
-9.5%
DE IT
5.6%
DE Market
Return vs Industry: 16V underperformed the German IT industry which returned -9.5% over the past year.
Return vs Market: 16V underperformed the German Market which returned 5.6% over the past year.
Shareholder returns
| 16V | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.7% | 0.09% | 6.8% |
| 30 Day | -2.6% | 13.9% | 14.0% |
| 90 Day | -23.5% | 0.7% | 7.5% |
| 1 Year | -14.8%-14.8% | -9.2%-9.5% | 7.4%5.6% |
| 3 Year | -48.1%-49.9% | 72.7%68.7% | 0.3%-7.3% |
| 5 Year | 124.5%117.0% | 215.2%201.5% | 12.4%-2.0% |
Price Volatility Vs. Market
How volatile is Visiativ's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Visiativ undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 16V (€17.68) is trading below our estimate of fair value (€43.3)
Significantly Below Fair Value: 16V is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 16V is poor value based on its PE Ratio (27.1x) compared to the IT industry average (24.8x).
PE vs Market: 16V is poor value based on its PE Ratio (27.1x) compared to the German market (20.3x).
Price to Earnings Growth Ratio
PEG Ratio: 16V is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: 16V is good value based on its PB Ratio (1.7x) compared to the DE IT industry average (4x).
Next Steps
Future Growth
How is Visiativ forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
37.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 16V's forecast earnings growth (37% per year) is above the savings rate (0.2%).
Earnings vs Market: 16V's earnings (37% per year) are forecast to grow faster than the German market (23% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 16V's revenue is expected to decline over the next 3 years (-0.8% per year).
High Growth Revenue: 16V's revenue is forecast to decline over the next 3 years (-0.8% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 16V's Return on Equity is forecast to be low in 3 years time (12.4%).
Next Steps
Past Performance
How has Visiativ performed over the past 5 years?
34.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 16V has a large one-off loss of €3.0M impacting its December 31 2019 financial results.
Growing Profit Margin: 16V's current net profit margins (1.3%) are lower than last year (2%).
Past Earnings Growth Analysis
Earnings Trend: 16V has become profitable over the past 5 years, growing earnings by 34.8% per year.
Accelerating Growth: 16V's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 16V had negative earnings growth (-20.4%) over the past year, making it difficult to compare to the IT industry average (4.8%).
Return on Equity
High ROE: 16V's Return on Equity (10.9%) is considered low.
Next Steps
Financial Health
How is Visiativ's financial position?
Financial Position Analysis
Short Term Liabilities: 16V's short term assets (€127.6M) exceed its short term liabilities (€101.8M).
Long Term Liabilities: 16V's short term assets (€127.6M) exceed its long term liabilities (€55.2M).
Debt to Equity History and Analysis
Debt Level: 16V's debt to equity ratio (109.5%) is considered high.
Reducing Debt: 16V's debt to equity ratio has increased from 82.2% to 109.5% over the past 5 years.
Debt Coverage: 16V's debt is not well covered by operating cash flow (12.7%).
Interest Coverage: 16V's interest payments on its debt are well covered by EBIT (10.3x coverage).
Balance Sheet
Next Steps
Dividend
What is Visiativ's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 16V's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 16V's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 16V's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 16V's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 16V's dividend in 3 years as they are not forecast to pay a notable one for the German market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
0.6yrs
Average management tenure
CEO
Laurent Fiard
no data
Tenure
Mr. Laurent Fiard serves as Co-President at Axemble S.A. Mr. Fiard is Co-Founder and Chief Executive Officer at Visiativ SA. He was the Co-Founder of Axeleo SAS. Mr. Fiard also serves as a mentor. He serve ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | no data | no data | 7.77% €5.5m | |
| Co-Founder & Director | 26.17yrs | no data | 7.15% €5.1m | |
| Deputy Managing Director of Finance | 0.42yr | no data | no data | |
| Head of Communications | no data | no data | no data | |
| Marketing & Communications Director | no data | no data | no data | |
| Human Resources Director | no data | no data | no data | |
| Chief Human Resources Officer | 0.58yr | no data | no data | |
| Deputy Managing Director of Finance & Support | 4.33yrs | no data | no data | |
| Deputy Managing Director of Operations | 4.33yrs | no data | no data | |
| Deputy Managing Director | 0.42yr | no data | no data |
0.6yrs
Average Tenure
Experienced Management: 16V's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | no data | no data | 7.77% €5.5m | |
| Co-Founder & Director | 26.17yrs | no data | 7.15% €5.1m | |
| Independent Director | 6.25yrs | no data | no data | |
| Independent Director | 6.25yrs | no data | no data | |
| Independent Director | 6.25yrs | no data | no data | |
| Independent Director | no data | no data | no data | |
| Independent director | no data | no data | no data | |
| Independent director | no data | no data | no data |
6.3yrs
Average Tenure
Experienced Board: 16V's board of directors are considered experienced (6.3 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
Visiativ SA's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Visiativ SA
- Ticker: 16V
- Exchange: DB
- Founded: 1987
- Industry: IT Consulting and Other Services
- Sector: Software
- Market Cap: €71.000m
- Shares outstanding: 3.90m
- Website: https://www.visiativ.com
Number of Employees
Location
- Visiativ SA
- 26, rue Benoît Bennier
- Charbonnières-les-Bains
- Rhône-Alpes
- 69260
- France
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ALVIV | ENXTPA (Euronext Paris) | Yes | Common Stock | FR | EUR | May 2014 |
| 16V | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | May 2014 |
| 0W8T | LSE (London Stock Exchange) | Yes | Common Stock | GB | EUR | May 2014 |
Biography
Visiativ SA engages in the integration of software solutions primarily in Europe. It offers 3DEXPERIENCE, a platform that provides virtual worlds to manage the lifecycle of companies' products. The company’s solutions include high-speed digital transformation solutions; myCADtools for optimizing daily tasks; and SOLIDWORKS design software solutions, as well as Moovapps, a smart enterprise platform to create business applications. It also provides value as a software services and applications; and consultancy services to companies in the areas of management, financing of innovation, and digital transformation projects, as well as operates as an editor of software products. The company was founded in 1987 and is headquartered in Charbonnières-les-Bains, France.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/06 00:15 |
| End of Day Share Price | 2020/06/05 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.