DB:NVQ

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Novabase S.G.P.S

Executive Summary

Novabase S.G.P.S., S.A., through its subsidiaries, provides various business solutions in Portugal, Europe, Africa, and the Middle East.


Snowflake Analysis

Excellent balance sheet with proven track record.


Similar Companies

Share Price & News

How has Novabase S.G.P.S's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NVQ has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.0%

NVQ

3.2%

DE IT

0.7%

DE Market


1 Year Return

36.2%

NVQ

48.9%

DE IT

3.9%

DE Market

Return vs Industry: NVQ underperformed the German IT industry which returned 48.9% over the past year.

Return vs Market: NVQ exceeded the German Market which returned 3.9% over the past year.


Shareholder returns

NVQIndustryMarket
7 Day1.0%3.2%0.7%
30 Day-2.2%-42.5%5.3%
90 Day22.8%-45.6%17.3%
1 Year64.3%36.2%50.1%48.9%6.2%3.9%
3 Year57.8%-0.6%-12.2%-14.0%1.8%-6.2%
5 Year125.8%28.0%53.3%47.5%9.3%-5.4%

Price Volatility Vs. Market

How volatile is Novabase S.G.P.S's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Novabase S.G.P.S undervalued compared to its fair value and its price relative to the market?

18.27x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NVQ (€3.12) is trading above our estimate of fair value (€1.63)

Significantly Below Fair Value: NVQ is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NVQ is good value based on its PE Ratio (18.3x) compared to the DE IT industry average (26.6x).

PE vs Market: NVQ is good value based on its PE Ratio (18.3x) compared to the German market (21.1x).


Price to Earnings Growth Ratio

PEG Ratio: NVQ is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: NVQ is good value based on its PB Ratio (1.4x) compared to the DE IT industry average (3.5x).


Next Steps

Future Growth

How is Novabase S.G.P.S forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

13.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NVQ's forecast earnings growth (13.7% per year) is above the savings rate (0.2%).

Earnings vs Market: NVQ's earnings (13.7% per year) are forecast to grow slower than the German market (22.3% per year).

High Growth Earnings: NVQ's earnings are forecast to grow, but not significantly.

Revenue vs Market: NVQ's revenue (6.4% per year) is forecast to grow faster than the German market (5.9% per year).

High Growth Revenue: NVQ's revenue (6.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NVQ's Return on Equity is forecast to be low in 3 years time (7.3%).


Next Steps

Past Performance

How has Novabase S.G.P.S performed over the past 5 years?

2.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NVQ has a large one-off gain of €8.1M impacting its December 31 2019 financial results.

Growing Profit Margin: NVQ's current net profit margins (4.4%) are higher than last year (1.3%).


Past Earnings Growth Analysis

Earnings Trend: NVQ's earnings have grown by 2.8% per year over the past 5 years.

Accelerating Growth: NVQ's earnings growth over the past year (260.1%) exceeds its 5-year average (2.8% per year).

Earnings vs Industry: NVQ earnings growth over the past year (260.1%) exceeded the IT industry 21.7%.


Return on Equity

High ROE: NVQ's Return on Equity (12.4%) is considered low.


Next Steps

Financial Health

How is Novabase S.G.P.S's financial position?


Financial Position Analysis

Short Term Liabilities: NVQ's short term assets (€142.7M) exceed its short term liabilities (€73.6M).

Long Term Liabilities: NVQ's short term assets (€142.7M) exceed its long term liabilities (€30.7M).


Debt to Equity History and Analysis

Debt Level: NVQ's debt to equity ratio (21.4%) is considered satisfactory.

Reducing Debt: NVQ's debt to equity ratio has increased from 14.9% to 21.4% over the past 5 years.

Debt Coverage: NVQ's debt is well covered by operating cash flow (51%).

Interest Coverage: NVQ's interest payments on its debt are well covered by EBIT (9.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Novabase S.G.P.S current dividend yield, its reliability and sustainability?

4.49%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate NVQ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NVQ'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 NVQ's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NVQ's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: NVQ is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NVQ'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?

2.2yrs

Average board tenure


CEO

João da Silva Bento

no data

Tenure

€394,353

Compensation

Mr. João Nuno da Silva Bento serves as a Director of Novabase Consulting, a Division of Novabase SGPS. He serves as a Director of Novabase Suporte à Decisão, S.A., Novabase Sistemas de Informação, S.A., Cf ...


CEO Compensation Analysis

Compensation vs Market: João's total compensation ($USD446.15K) is about average for companies of similar size in the German market ($USD468.99K).

Compensation vs Earnings: João's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
João da Silva Bento
CEO & Executive Member of the Board of Directorsno data€394.35kno data
Francisco Paulo Figueiredo Antunes
CFO & Executive Member of the Board of Directors11.25yrs€253.45k0.098% 94.6k
María del Gil Marín
Head of Investor Relations & Executive Member of the Board of Directors2.17yrs€194.75k0.074% 71.8k
Álvaro da Silva Ferreira
Executive Member of the Board of Directors2.17yrs€263.60kno data
José Afonso Oom de Sousa
Non Executive Director29.5yrs€92.99kno data
Luís Paulo Salvado
Chairman of the Board of Directorsno data€548.61kno data
Pedro de Carvalho
Non Executive Director29.5yrs€92.99k6.76% 6.5m
Miguel Ferreira
Member of Audit Boardno datano datano data
Fátima do Rosário Piteira Farinha
Member of Audit Boardno datano datano data
Marta Isabel dos Graça Rodrigues do Nascimento
Non-Executive Member of the Board of Directors2.17yrs€42.00kno data
Álvaro Nascimento
Chairman of Audit Boardno datano datano data

2.2yrs

Average Tenure

53yo

Average Age

Experienced Board: NVQ's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


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

Novabase S.G.P.S., S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Novabase S.G.P.S., S.A.
  • Ticker: NVQ
  • Exchange: DB
  • Founded: 1989
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: €96.797m
  • Shares outstanding: 31.02m
  • Website: https://www.novabase.pt

Number of Employees


Location

  • Novabase S.G.P.S., S.A.
  • Av. D. JoAo II
  • No. 34, Parque das NaCOes
  • Lisbon
  • Lisbon
  • 1998-031
  • Portugal

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NBAENXTLS (Euronext Lisbon)YesCommon SharesPTEURJul 2000
NVQDB (Deutsche Boerse AG)YesCommon SharesDEEURJul 2000
0MTZLSE (London Stock Exchange)YesCommon SharesGBEURJul 2000

Biography

Novabase S.G.P.S., S.A., through its subsidiaries, provides various business solutions in Portugal, Europe, Africa, and the Middle East. It offers technology, management, design, and business expertise services, as well as engages in venture capital activities. The company also provides financial services through Wizzio, a digital platform; Symetria, a platform for regulatory reporting and risk management; Binfolio for valuation, accounting, and reporting processes; and Rely to control the full finance lifecycle for factoring, payables finance, and leasing businesses. In addition, it offers budget and healthcare insight, and Novabase innercase solutions. The company serves banks, insurance, capital markets, and telecommunication sectors. Novabase S.G.P.S., S.A. was founded in 1989 and is headquartered in Lisbon, Portugal. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/13 04:55
End of Day Share Price2020/07/10 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.