DB:16V

Stock Analysis Report

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Executive Summary

Visiativ SA engages in the integration of software solutions primarily in Europe.


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

16VIndustryMarket
7 Day2.7%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 Year124.5%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

NamePositionTenureCompensationOwnership
Laurent Fiard
Co-Founderno datano data7.77% 5.5m
Christian Donzel
Co-Founder & Director26.17yrsno data7.15% 5.1m
Philippe Garcia
Deputy Managing Director of Finance0.42yrno datano data
Lydia Jouval
Head of Communicationsno datano datano data
Jérémie Donzel
Marketing & Communications Directorno datano datano data
Karine Polakowski
Human Resources Directorno datano datano data
Grégory Jourdan
Chief Human Resources Officer0.58yrno datano data
Olivier Stephan
Deputy Managing Director of Finance & Support4.33yrsno datano data
Thierry Lucotte
Deputy Managing Director of Operations4.33yrsno datano data
Bertrand Sicot
Deputy Managing Director0.42yrno datano 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

NamePositionTenureCompensationOwnership
Laurent Fiard
Co-Founderno datano data7.77% 5.5m
Christian Donzel
Co-Founder & Director26.17yrsno data7.15% 5.1m
Daniel Derderian
Independent Director6.25yrsno datano data
Hubert Jaricot
Independent Director6.25yrsno datano data
Benoît Soury
Independent Director6.25yrsno datano data
Anne-Shopie Panseri
Independent Directorno datano datano data
Pascale Dumas Ravon
Independent directorno datano datano data
Sylvie Guinard
Independent directorno datano datano 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALVIVENXTPA (Euronext Paris)YesCommon StockFREURMay 2014
16VDB (Deutsche Boerse AG)YesCommon StockDEEURMay 2014
0W8TLSE (London Stock Exchange)YesCommon StockGBEURMay 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 00:15
End of Day Share Price2020/06/05 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.