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Basware Oyj

DB:BWV
Snowflake Description

Adequate balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BWV
DB
€270M
Market Cap
  1. Home
  2. DE
  3. Software
Company description

Basware Oyj provides networked purchase-to-pay solutions, and e-invoicing and financing services for organizations in Finland and internationally. The last earnings update was 50 days ago. More info.


Add to Portfolio Compare Print
  • Basware Oyj has significant price volatility in the past 3 months.
BWV Share Price and Events
7 Day Returns
-1.6%
DB:BWV
3.7%
DE Software
0.7%
DE Market
1 Year Returns
-50.9%
DB:BWV
14.4%
DE Software
-8.7%
DE Market
BWV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Basware Oyj (BWV) -1.6% -12.6% -21.9% -50.9% -48.9% -52.3%
DE Software 3.7% 1.9% 15.9% 14.4% 68.9% 110.7%
DE Market 0.7% -1.2% 0.2% -8.7% 10% 8.1%
1 Year Return vs Industry and Market
  • BWV underperformed the Software industry which returned 14.4% over the past year.
  • BWV underperformed the Market in Germany which returned -8.7% over the past year.
Price Volatility
BWV
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Basware Oyj 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 Basware Oyj 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 Basware Oyj.

DB:BWV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.4%
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:BWV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.5%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.138 (1 + (1- 20%) (26.06%))
1.251
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.25
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.251 * 6.51%)
8.37%

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

The calculations below outline how an intrinsic value for Basware Oyj 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:BWV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.37%)
2019 -25.93 Analyst x3 -23.93
2020 0.05 Analyst x2 0.04
2021 4.75 Analyst x2 3.73
2022 9.50 Analyst x1 6.89
2023 16.00 Analyst x1 10.70
2024 21.72 Est @ 35.78% 13.41
2025 27.18 Est @ 25.11% 15.48
2026 31.98 Est @ 17.65% 16.81
2027 35.95 Est @ 12.42% 17.43
2028 39.10 Est @ 8.76% 17.50
Present value of next 10 years cash flows €78.06
DB:BWV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €39.10 × (1 + 0.23%) ÷ (8.37% – 0.23%)
€481.10
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €481.10 ÷ (1 + 8.37%)10
€215.28
DB:BWV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €78.06 + €215.28
€293.33
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €293.33 / 14.40
€20.37
DB:BWV Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:BWV represents 0.97763x of HLSE:BAS1V
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.97763x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 20.37 x 0.97763
€19.92
Value per share (EUR) From above. €19.92
Current discount Discount to share price of €18.36
= -1 x (€18.36 - €19.92) / €19.92
7.8%

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

Current Discount
Amount off the current price Basware Oyj is available for.
Intrinsic value
8%
Share price is €18.36 vs Future cash flow value of €19.92
Current Discount Checks
For Basware Oyj to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Basware Oyj's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Basware Oyj'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 Basware Oyj's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Basware Oyj's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:BWV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €-1.51
HLSE:BAS1V Share Price ** HLSE (2019-06-19) in EUR €18.78
Germany Software Industry PE Ratio Median Figure of 19 Publicly-Listed Software Companies 32.43x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.53x

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

** Primary Listing of Basware Oyj.

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

= HLSE:BAS1V Share Price ÷ EPS (both in EUR)

= 18.78 ÷ -1.51

-12.46x

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

  • Basware Oyj is loss making, we can't compare its value to the DE Software industry average.
  • Basware Oyj is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Basware Oyj's expected growth come at a high price?
Raw Data
DB:BWV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -12.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
87.6%per year
Germany Software Industry PEG Ratio Median Figure of 14 Publicly-Listed Software Companies 2.01x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.49x

*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 Basware Oyj, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Basware Oyj's assets?
Raw Data
DB:BWV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €7.36
HLSE:BAS1V Share Price * HLSE (2019-06-19) in EUR €18.78
Germany Software Industry PB Ratio Median Figure of 33 Publicly-Listed Software Companies 2.84x
Germany Market PB Ratio Median Figure of 575 Publicly-Listed Companies 1.78x
DB:BWV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= HLSE:BAS1V Share Price ÷ Book Value per Share (both in EUR)

= 18.78 ÷ 7.36

2.55x

* Primary Listing of Basware Oyj.

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

  • Basware Oyj is good value based on assets compared to the DE Software industry average.
X
Value checks
We assess Basware Oyj'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. Basware Oyj has a total score of 1/6, 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.

Future Performance

 How is Basware Oyj expected to perform in the next 1 to 3 years based on estimates from 4 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
87.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Basware Oyj expected to grow at an attractive rate?
  • Basware Oyj's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Basware Oyj's earnings growth is expected to exceed the Germany market average.
  • Basware Oyj's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:BWV Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:BWV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 87.6%
DB:BWV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 10.3%
Germany Software Industry Earnings Growth Rate Market Cap Weighted Average 19.2%
Germany Software Industry Revenue Growth Rate Market Cap Weighted Average 7.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*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:BWV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:BWV Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 231 32 1
2022-12-31 198 25 1 2
2021-12-31 177 18 1 3
2020-12-31 157 14 -5 4
2019-12-31 147 -7 -23 4
DB:BWV Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 141 -12 -22
2018-12-31 141 -6 -7
2018-09-30 144 -5 -6
2018-06-30 146 -7 -2
2018-03-31 148 -4 0
2017-12-31 149 -4 -12
2017-09-30 150 -8 -12
2017-06-30 150 -8 -16
2017-03-31 151 -7 -17
2016-12-31 149 -2 -14
2016-09-30 148 5 -7
2016-06-30 146 3 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Basware Oyj's earnings are expected to grow significantly at over 20% yearly.
  • Basware Oyj's revenue is expected to grow by 10.3% 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:BWV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Basware Oyj Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BWV Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.09 0.09 0.09 1.00
2021-12-31 0.03 0.29 -0.28 3.00
2020-12-31 -0.33 -0.07 -0.47 4.00
2019-12-31 -1.55 -1.25 -1.72 4.00
DB:BWV Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 -1.51
2018-12-31 -0.49
2018-09-30 -0.41
2018-06-30 -0.14
2018-03-31 0.02
2017-12-31 -0.80
2017-09-30 -0.85
2017-06-30 -1.09
2017-03-31 -1.17
2016-12-31 -1.00
2016-09-30 -0.51
2016-06-30 -0.23

*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.
  • Unable to establish if Basware Oyj will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Basware Oyj'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.
Basware Oyj 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.

Past Performance

  How has Basware Oyj 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 Basware Oyj'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.
  • Basware Oyj does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Basware Oyj's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Basware Oyj's 1-year growth to the DE Software industry average as it is not currently profitable.
Earnings and Revenue History
Basware Oyj'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 Basware Oyj Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BWV Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 141.34 -21.66 61.52 27.82
2018-12-31 141.42 -7.08 59.29 27.22
2018-09-30 144.25 -5.92 17.99 -1.65
2018-06-30 146.08 -1.99 14.09 -1.71
2018-03-31 148.33 0.26 51.66 28.61
2017-12-31 149.17 -11.52 50.57 29.63
2017-09-30 150.14 -12.14 47.67 22.03
2017-06-30 149.60 -15.62 36.81 15.49
2017-03-31 151.27 -16.73 24.16 7.83
2016-12-31 148.58 -14.32 11.51
2016-09-30 147.58 -7.32 9.14
2016-06-30 145.85 -3.28 9.14
2016-03-31 143.49 -0.47 9.14
2015-12-31 143.41 3.08 9.14
2015-09-30 138.86 1.58 8.40
2015-06-30 135.46 1.11 8.40
2015-03-31 130.70 3.63 8.40
2014-12-31 127.67 2.96 8.40
2014-09-30 126.06 3.76 8.42
2014-06-30 124.58 3.94 8.42
2014-03-31 124.53 3.49 8.42
2013-12-31 123.35 2.61 8.42
2013-09-30 120.73 2.30 8.09
2013-06-30 119.16 2.83 8.09
2013-03-31 116.09 3.43 8.09
2012-12-31 113.70 5.86 8.09
2012-09-30 113.50 6.86 7.45
2012-06-30 110.57 7.67 7.45

*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 Basware Oyj has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Basware Oyj 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 Basware Oyj 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 Basware Oyj'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.
Basware Oyj 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.

Health

 How is Basware Oyj'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 Basware Oyj's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Basware Oyj is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Basware Oyj's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Basware Oyj'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 1.4x 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 Basware Oyj Company Filings, last reported 2 months ago.

DB:BWV Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 105.74 70.47 35.12
2018-12-31 110.75 57.21 40.75
2018-09-30 114.61 57.20 46.24
2018-06-30 116.35 48.28 41.41
2018-03-31 120.17 48.28 54.18
2017-12-31 113.29 49.28 20.68
2017-09-30 119.82 49.28 25.28
2017-06-30 120.35 40.28 23.61
2017-03-31 127.00 40.28 32.28
2016-12-31 132.86 47.28 35.76
2016-09-30 135.40 15.30 12.95
2016-06-30 138.86 15.30 21.80
2016-03-31 136.39 15.30 54.65
2015-12-31 141.15 1.67 33.24
2015-09-30 137.68 1.67 36.82
2015-06-30 138.71 15.84 62.57
2015-03-31 139.94 3.34 43.74
2014-12-31 139.75 5.00 58.93
2014-09-30 140.01 5.09 60.16
2014-06-30 95.85 6.83 19.95
2014-03-31 95.19 6.89 21.31
2013-12-31 97.96 8.63 13.22
2013-09-30 96.46 8.69 15.12
2013-06-30 95.83 10.42 22.92
2013-03-31 96.51 10.49 23.28
2012-12-31 100.73 10.52 34.52
2012-09-30 98.89 0.56 27.74
2012-06-30 96.89 0.60 31.63
  • Basware Oyj's level of debt (50.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (7.2% vs 50.8% 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.

  • Basware Oyj has sufficient cash runway for 1.5 years based on current free cash flow.
  • Basware Oyj has sufficient cash runway for 1.5 years if free cash flow continues to grow at historical rates of 21.3% each year.
X
Financial health checks
We assess Basware Oyj'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. Basware Oyj 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.

Dividends

 What is Basware Oyj'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 Basware Oyj dividends. Estimated to be 0% next year.
If you bought €2,000 of Basware Oyj 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 Basware Oyj's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Basware Oyj'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:BWV 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 4 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 327 Stocks 3.2%
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 3.9%

Industry and Market average data is calculated daily.

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

DB:BWV Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.00 1.00
2021-12-31 0.00 3.00
2020-12-31 0.00 4.00
2019-12-31 0.00 4.00
DB:BWV Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2016-10-19 0.000 0.000
2016-07-19 0.000 0.000
2016-04-19 0.000 0.000
2016-02-11 0.000 0.000
2016-02-02 0.000 0.000
2015-02-13 0.100 0.258
2014-01-24 0.230 0.628
2013-01-25 0.230 1.139
2012-01-26 0.410 1.945
2012-01-25 0.410 2.138
2011-01-25 0.400 1.843
2010-02-18 0.360 1.849

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

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

Management

 What is the CEO of Basware Oyj'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
Klaus Andersen
AGE 54
TENURE AS CEO 0.3 years
CEO Bio

Mr. Klaus Andersen serves as Interim CEO at Basware Oyj since March 11, 2019. He serves as the Executive Vice President of Global Engineering at Itiviti AB and served as Executive Vice President of Global Engineering at Itiviti Group Holding AB until October 2018. Mr. Andersen is Chief Technology Officer at Basware Oyj since September 2018. Mr. Andersen has been employed by Itiviti group companies since 2015. He served as Managing Director of SimCorp Ltd. from 2008 to March 2014 and SimCorp Coric Limited from March 2014 to January 14, 2016. He has a Master of Science in Engineering (MSc in Engineering) from Technical University of Denmark.

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

Average tenure and age of the Basware Oyj management team in years:

2.1
Average Tenure
49
Average Age
  • The tenure for the Basware Oyj management team is about average.
Management Team

Klaus Andersen

TITLE
Interim CEO & CTO
AGE
54
TENURE
0.3 yrs

Tuija Mäntyniemi

TITLE
Interim CFO
TENURE
0.1 yrs

Ben Selby

TITLE
Vice President of IR & Treasury

Sami Takila

TITLE
General Counsel

Jukka Jänönen

TITLE
Director of Corporate Communications

Lars Madsen

TITLE
Chief Marketing Officer
AGE
44
TENURE
3.4 yrs

Paul Taylor

TITLE
Senior VP of Global Sales and Acting Head of Business Development & Alliances organization
AGE
61
TENURE
3 yrs

Jane Broberg

TITLE
Senior Vice President of Human Resources
AGE
52
TENURE
4 yrs

Niclas Rosenlew

TITLE
AGE
46
TENURE
0.1 yrs

Jussi Vasama

TITLE
Senior Vice President of Customer Services
AGE
44
TENURE
2.1 yrs
Board of Directors Tenure

Average tenure and age of the Basware Oyj board of directors in years:

1.3
Average Tenure
53.5
Average Age
  • The average tenure for the Basware Oyj board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ilkka Sihvo

TITLE
Chairman
AGE
56

Michael Ingelög

TITLE
Vice Chairman
AGE
47
TENURE
1.3 yrs

Tuija Soanjärvi

TITLE
Director
AGE
63
TENURE
6.4 yrs

David Bateman

TITLE
Director
AGE
44
TENURE
3.4 yrs

Daryl Rolley

TITLE
Director
AGE
51
TENURE
1.3 yrs

Asko Schrey

TITLE
Director
AGE
61
TENURE
1.3 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 Basware Oyj'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. Basware Oyj 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.

News

Simply Wall St News

Company Info

Description

Basware Oyj provides networked purchase-to-pay solutions, and e-invoicing and financing services for organizations in Finland and internationally. It offers analytics and business consulting solutions; AP Automation, an accounts payable automation software; Purchase Manager, an e-procurement solution; Travel & Expense, a solution to control travel and expense costs, and reimburse employees; and InvoiceReady, a solution for invoice handling. The company also provides e-invoice, PDF e-invoice, and paper invoice sending and receiving, as well as invoice archiving, in-house scanning, and paper invoice scanning and capturing solutions; supplier management solutions for supplier engagement and supplier data enrichment; and eMarketplace, an e-procurement solution. In addition, it offers financing services solutions, including Basware Discount, a solution that offers discount for early payment; and Basware Pay, an e-payment solution. The company was founded in 1985 and is headquartered in Espoo, Finland.

Details
Name: Basware Oyj
BWV
Exchange: DB
Founded: 1985
€270,387,660
14,397,639
Website: http://www.basware.com
Address: Basware Oyj
Building Cello,
Linnoitustie 2,
Espoo,
Uusimaa, 02601,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE BAS1V Share Capital OMX Nordic Exchange Helsinki FI EUR 29. Feb 2000
DB BWV Share Capital Deutsche Boerse AG DE EUR 29. Feb 2000
LSE 0DP4 Share Capital London Stock Exchange GB EUR 29. Feb 2000
BATS-CHIXE BAS1VH Share Capital BATS 'Chi-X Europe' GB EUR 29. Feb 2000
Number of employees
Current staff
Staff numbers
1,386
Basware Oyj employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 21:22
End of day share price update: 2019/06/19 00:00
Last estimates confirmation: 2019/06/11
Last earnings filing: 2019/04/30
Last earnings reported: 2019/03/31
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.