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Claranova

DB:BV5
Snowflake Description

Exceptional growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BV5
DB
€328M
Market Cap
  1. Home
  2. DE
  3. Software
Company description

Claranova S.A. engages in the digital printing, management of the Internet of Things, and e-commerce businesses. The last earnings update was 55 days ago. More info.


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BV5 Share Price and Events
7 Day Returns
0%
DB:BV5
-1%
DE Software
-2.3%
DE Market
1 Year Returns
-10.7%
DB:BV5
15.1%
DE Software
-11.5%
DE Market
BV5 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Claranova (BV5) 0% -7.6% 28.5% -10.7% 1246.7% -39.8%
DE Software -1% -1.4% 18.3% 15.1% 58.1% 106.9%
DE Market -2.3% -4.9% 0.8% -11.5% 5.7% 6.6%
1 Year Return vs Industry and Market
  • BV5 underperformed the Software industry which returned 15.1% over the past year.
Price Volatility
BV5
Industry
5yr Volatility vs Market
Related Companies

BV5 Value

 Is Claranova 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 Claranova 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 Claranova.

DB:BV5 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 7.8%
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:BV5
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Software Unlevered Beta Simply Wall St/ S&P Global 1.15
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.148 (1 + (1- 33%) (8.91%))
1.145
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.145 * 6.65%)
7.84%

Discounted Cash Flow Calculation for DB:BV5 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Claranova 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:BV5 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.84%)
2019 16.70 Analyst x1 15.49
2020 29.20 Analyst x2 25.11
2021 40.20 Analyst x2 32.05
2022 25.90 Analyst x1 19.15
2023 30.30 Analyst x1 20.77
2024 29.58 Est @ -2.39% 18.80
2025 29.10 Est @ -1.6% 17.15
2026 28.80 Est @ -1.05% 15.74
2027 28.60 Est @ -0.67% 14.50
2028 28.49 Est @ -0.4% 13.39
Present value of next 10 years cash flows €192.15
DB:BV5 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €28.49 × (1 + 0.23%) ÷ (7.84% – 0.23%)
€374.96
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €374.96 ÷ (1 + 7.84%)10
€176.22
DB:BV5 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €192.15 + €176.22
€368.36
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €368.36 / 392.01
€0.94
DB:BV5 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:BV5 represents 0.96651x of ENXTPA:CLA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.96651x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 0.94 x 0.96651
€0.91
Value per share (EUR) From above. €0.91
Current discount Discount to share price of €0.81
= -1 x (€0.81 - €0.91) / €0.91
11%

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

Current Discount
Amount off the current price Claranova is available for.
Intrinsic value
11%
Share price is €0.808 vs Future cash flow value of €0.90821
Current Discount Checks
For Claranova to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Claranova's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Claranova'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 Claranova's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Claranova's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:BV5 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €-0.02
ENXTPA:CLA Share Price ** ENXTPA (2019-05-24) in EUR €0.84
Germany Software Industry PE Ratio Median Figure of 19 Publicly-Listed Software Companies 36.86x
Germany Market PE Ratio Median Figure of 421 Publicly-Listed Companies 20.2x

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

** Primary Listing of Claranova.

DB:BV5 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.84 ÷ -0.02

-54.71x

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

  • Claranova is loss making, we can't compare its value to the DE Software industry average.
  • Claranova is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Claranova's expected growth come at a high price?
Raw Data
DB:BV5 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -54.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
79.1%per year
Germany Software Industry PEG Ratio Median Figure of 15 Publicly-Listed Software Companies 1.99x
Germany Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Claranova, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Claranova's assets?
Raw Data
DB:BV5 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €0.04
ENXTPA:CLA Share Price * ENXTPA (2019-05-24) in EUR €0.84
Germany Software Industry PB Ratio Median Figure of 34 Publicly-Listed Software Companies 2.71x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.77x
DB:BV5 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.84 ÷ 0.04

21.95x

* Primary Listing of Claranova.

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

  • Claranova is overvalued based on assets compared to the DE Software industry average.
X
Value checks
We assess Claranova'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 Software 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 Software industry average (and greater than 0)? (1 check)
  5. Claranova has a total score of 0/6, 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.

BV5 Future Performance

 How is Claranova 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
79.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Claranova expected to grow at an attractive rate?
  • Claranova's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Claranova's earnings growth is expected to exceed the Germany market average.
  • Claranova's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:BV5 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:BV5 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 79.1%
DB:BV5 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 24.8%
Germany Software Industry Earnings Growth Rate Market Cap Weighted Average 22.8%
Germany Software Industry Revenue Growth Rate Market Cap Weighted Average 7.1%
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:BV5 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:BV5 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30
2022-06-30
2021-06-30 399 35 29 2
2020-06-30 320 25 19 3
2019-06-30 254 19 8 2
DB:BV5 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 211 12 -6
2018-09-30 186 9 -7
2018-06-30 162 5 -8
2018-03-31 155 5 -9
2017-12-31 148 4 -9
2017-09-30 139 2 -10
2017-06-30 130 0 -11
2017-03-31 124 0 -17
2016-12-31 118 0 -22
2016-09-30 118 -6 -26
2016-06-30 117 -11 -29
2016-03-31 115 -13 -17

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Claranova's earnings are expected to grow significantly at over 20% yearly.
  • Claranova's revenue is expected to grow significantly at over 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:BV5 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 Claranova Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BV5 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30
2022-06-30
2021-06-30 0.07 0.08 0.06 2.00
2020-06-30 0.05 0.05 0.04 3.00
2019-06-30 0.02 0.02 0.02 3.00
DB:BV5 Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 -0.02
2018-09-30 -0.02
2018-06-30 -0.02
2018-03-31 -0.02
2017-12-31 -0.02
2017-09-30 -0.03
2017-06-30 -0.03
2017-03-31 -0.05
2016-12-31 -0.08
2016-09-30 -0.08
2016-06-30 -0.08
2016-03-31 -0.05

*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.
  • Claranova is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Claranova'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.
Claranova has a total score of 6/6, 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.

BV5 Past Performance

  How has Claranova 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 Claranova's growth in the last year to its industry (Software).
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.
  • Claranova does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Claranova's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Claranova's 1-year growth to the DE Software industry average as it is not currently profitable.
Earnings and Revenue History
Claranova'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 Claranova Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BV5 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 211.20 -6.00 37.20
2018-09-30 186.35 -6.95 35.80
2018-06-30 161.50 -7.90 34.40
2018-03-31 154.83 -8.65 33.93
2017-12-31 148.17 -9.36 33.51
2017-09-30 139.19 -10.18 32.75
2017-06-30 130.20 -11.00 32.00
2017-03-31 123.97 -16.72 29.00
2016-12-31 117.75 -22.44 26.01
2016-09-30 117.57 -25.51 25.54
2016-06-30 117.39 -28.59 25.07
2016-03-31 115.29 -17.04 23.75
2015-12-31 113.18 -5.49 22.43
2015-09-30 103.15 -4.43 21.83
2015-06-30 93.11 -3.37 21.22
2014-12-31 82.92 -48.22 20.12
2014-09-30 84.30 -46.00 20.78
2014-06-30 85.67 -43.77 21.45
2014-03-31 101.66 -24.25 26.07
2013-12-31 101.70 -6.30 26.34
2013-09-30 100.97 -36.01 26.57
2013-06-30 100.24 -65.71 26.80
2013-03-31 100.69 -65.62 26.80
2012-12-31 101.13 -65.52 26.80
2012-09-30 101.24 -34.68 27.07
2012-06-30 101.35 -3.84 27.34

*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.
  • It is difficult to establish if Claranova has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Claranova has efficiently used its assets last year compared to the DE Software industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Claranova improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Claranova'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 Software 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.
Claranova has a total score of 0/6, 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.

BV5 Health

 How is Claranova'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 Claranova's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Claranova is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Claranova's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Claranova'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 3.4x 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 Claranova Company Filings, last reported 4 months ago.

DB:BV5 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 16.70 29.20 72.00
2018-09-30 16.70 29.20 72.00
2018-06-30 14.30 28.20 65.70
2018-03-31 14.30 28.20 65.70
2017-12-31 17.24 0.31 43.46
2017-09-30 17.24 0.31 43.46
2017-06-30 1.30 1.10 17.10
2017-03-31 1.30 1.10 17.10
2016-12-31 2.11 2.14 22.46
2016-09-30 2.11 2.14 22.46
2016-06-30 2.09 1.32 11.09
2016-03-31 2.09 1.32 11.09
2015-12-31 20.93 2.56 22.75
2015-09-30 20.93 2.56 22.75
2015-06-30 29.27 6.59 30.46
2014-12-31 -0.94 24.05 10.31
2014-09-30 -0.94 24.05 10.31
2014-06-30 2.56 28.55 10.59
2014-03-31 2.56 28.55 10.59
2013-12-31 36.52 28.24 5.80
2013-09-30 36.52 28.24 5.80
2013-06-30 36.89 29.03 4.83
2013-03-31 36.89 29.03 4.83
2012-12-31 42.58 29.86 7.31
2012-09-30 42.58 29.86 7.31
2012-06-30 106.38 27.61 6.29
  • Claranova's level of debt (174.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (78.2% vs 174.9% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Claranova has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Claranova has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -131% per year.
X
Financial health checks
We assess Claranova'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. Claranova 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.

BV5 Dividends

 What is Claranova'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 Claranova dividends. Estimated to be 0% next year.
If you bought €2,000 of Claranova 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 Claranova's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Claranova'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:BV5 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 Software Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 1.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:BV5 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-06-30
2022-06-30
2021-06-30
2020-06-30 0.00 1.00
2019-06-30 0.00 1.00

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

  • Unable to perform a dividend volatility check as Claranova has not reported any payouts.
  • Unable to verify if Claranova's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Claranova's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Claranova has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Claranova's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Claranova'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 Claranova afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Claranova 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.

BV5 Management

 What is the CEO of Claranova'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
Pierre Cesarini
COMPENSATION €917,366
AGE 55
TENURE AS CEO 6 years
CEO Bio

Mr. Pierre Cesarini serves as the President of Navendis Sarl. Mr. Cesarini has been Group Chief Executive Officer of Avanquest SA since May 14, 2013 and has been its Member of Management Board since February 6, 2016. He has also been a Management Instructor at l’École Mines Paris Tech. Mr. Cesarini served as the Group Chief Executive Officer of Edition Multimedia Electroniques Société anonyme since May 14, 2013 and served as its Managing Director. He began his career at Apple’s Cupertino, California headquarters, spending 10 years in the creation of the PowerMac. He served as the Chief Executive Officer of Aonix SA. He served as the Chief Executive Officer of Atego Group Limited since 2007. He is a Veteran in the technology industry, with more than 20 years' experience working in numerous executive leadership roles from software start-ups to billion dollar technology companies. He founded TempoSoft SA in 1998 and also served as its Chief Executive Officer. He served as the Chief Executive Officer of Aonix North America, Inc. Before that, developed his career at Apple Computer Inc. Mr. Cesarini spent ten years at Apple in the US (Cupertino) as the Marketing Director for PowerMac. Mr. Cesarini was the Founder and Director of several software companies (TempoSoft aquired by Oracle, Atego sold to PTC). He started his career with Apple Computer in Cupertino, California. From 1991 to 1997, he managed the PowerPC program which led to the creation of Power Macintosh, Apple's generation of RISC-based personal computers. He serves as a Board Member of eFront. He served as a Director at Mandriva S.A. He served as a Director of Edition Multimedia Electroniques Société anonyme since September 25, 2013. He is a Board Member of Forum Traffic. He is a Member of the Clinical Faculty in HEC MBA and HEC Executive programs and an INRIA-Transfert Expert for Software IT. He served as a Director of Aonix North America, Inc. He served as a Director at Aonix SA. Mr. Cesarini has a Master degree in Computer Science from ENST (Telecom Paris).

CEO Compensation
  • Pierre's compensation has increased whilst company is loss making.
  • Pierre's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Claranova management team in years:

3.3
Average Tenure
49.5
Average Age
  • The tenure for the Claranova management team is about average.
Management Team

Pierre Cesarini

TITLE
Group CEO & Chairman of the Management Board
COMPENSATION
€917K
AGE
55
TENURE
6 yrs

Sébastien Martin

TITLE
Group CFO & Member of Management Board
COMPENSATION
€515K
AGE
46
TENURE
3.3 yrs

Todd Helfstein

TITLE
Member of Management Board
TENURE
3.3 yrs

Roger Bloxberg

TITLE
Member of Management Board
AGE
53
TENURE
3.3 yrs

Kevin Bromber

TITLE
Head of MyDevices & Member of Management Board
TENURE
3.3 yrs

Olivier Thirion

TITLE
E-Commerce Business Unit Director & Member of Management Board
TENURE
3.3 yrs

Phil Schnyder

TITLE
Director of On-Line Business & Member of Management Board
TENURE
3.3 yrs

Brian Oh

TITLE
Managing Director of Korea
TENURE
14.2 yrs

Serge Bedrossian

TITLE
AGE
40
TENURE
9.3 yrs
Board of Directors

Caroline Le Bigot

TITLE
Chairwoman of Supervisory Board
COMPENSATION
€40K
AGE
56
TENURE
2.9 yrs

Luisa Munaretto

TITLE
Vice-Chairwoman of the Supervisory Board
COMPENSATION
€40K
AGE
50

Jean-Loup Rousseau

TITLE
Member of Supervisory Board
COMPENSATION
€32K
AGE
60
TENURE
2.9 yrs
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 Claranova'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. Claranova 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.

BV5 News

Simply Wall St News

BV5 Company Info

Description

Claranova S.A. engages in the digital printing, management of the Internet of Things, and e-commerce businesses. It operates through three segments: PlanetArt, mydevices, and Avanquest Software. PlanetArt segment provides cards and stationery products customizable with text and photos under the Simply to Impress brand name; CanvasWorld that convert photos into canvas wall art; MyCustomCase, which offers personalized cases for mobile phones, tablets, and other devices; a range of personalized photo products under the name of PhotoAffections; and mobile applications, such as FreePrints, an app for iOS and Android that gives users free 4x6 prints and enlargement options; and FreePrints Photobooks, which provides free photo book every month with the opportunity to upgrade to hard cover and larger format books. mydevices segment offers Cayenne platform, a drag-and-drop Internet of Things (IoT) project builder that enables engineers, manufacturers, network operators, and system integrators to develop and deploy IoT solutions, as well as SDKs and APIs tools. Avanquest Software segment develops, publishes, and markets PC software products in various categories, including system utilities, Website development, home graphics, digital imaging, lifestyle, education, and small business solutions. Claranova S.A. offers its products and services in approximately 100 countries worldwide. The company was formerly known as Avanquest S.A. and changed its name to Claranova S.A. in June 2017. Claranova S.A. was founded in 1984 and is based in La Garenne-Colombes, France.

Details
Name: Claranova S.A.
BV5
Exchange: DB
Founded: 1984
€327,718,300
392,007,537
Website: http://www.claranova.com
Address: Claranova S.A.
89-91 Boulevard National,
Immeuble Vision Défense,
La Garenne-Colombes,
Ile-de-France, 92257,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA CLA Ordinary Shares Euronext Paris FR EUR 09. Dec 1996
DB BV5 Ordinary Shares Deutsche Boerse AG DE EUR 09. Dec 1996
LSE 0N6K Ordinary Shares London Stock Exchange GB EUR 09. Dec 1996
Number of employees
Current staff
Staff numbers
0
Claranova employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/26 21:31
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/24
Last earnings filing: 2019/04/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


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.