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Ordina

DB:ORA
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ORA
DB
€161M
Market Cap
  1. Home
  2. DE
  3. Software
Company description

Ordina N.V. provides IT services in the Netherlands, Belgium, and Luxembourg. The last earnings update was 97 days ago. More info.


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ORA Share Price and Events
7 Day Returns
-1.4%
DB:ORA
6.7%
DE IT
-0.6%
DE Market
1 Year Returns
-6.5%
DB:ORA
15.5%
DE IT
-10.8%
DE Market
ORA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ordina (ORA) -1.4% -10.7% 7% -6.5% 16.5% -12.6%
DE IT 6.7% 19.5% 28.7% 15.5% 171% 269.8%
DE Market -0.6% -3.3% 2.3% -10.8% 8% 8%
1 Year Return vs Industry and Market
  • ORA underperformed the IT industry which returned 15.5% over the past year.
  • ORA outperformed the Market in Germany which returned -10.8% over the past year.
Price Volatility
ORA
Industry
5yr Volatility vs Market

Value

 Is Ordina 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 Ordina 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 Ordina.

DB:ORA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.4%
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:ORA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
IT Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.05 (1 + (1- 25%) (0%))
1.033
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.033 * 5.96%)
6.39%

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

The calculations below outline how an intrinsic value for Ordina 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:ORA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.39%)
2019 7.70 Analyst x1 7.24
2020 10.90 Analyst x1 9.63
2021 10.97 Est @ 0.6% 9.11
2022 11.02 Est @ 0.49% 8.60
2023 11.06 Est @ 0.41% 8.12
2024 11.10 Est @ 0.36% 7.66
2025 11.14 Est @ 0.32% 7.22
2026 11.17 Est @ 0.29% 6.81
2027 11.20 Est @ 0.27% 6.42
2028 11.23 Est @ 0.26% 6.05
Present value of next 10 years cash flows €76.85
DB:ORA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €11.23 × (1 + 0.23%) ÷ (6.39% – 0.23%)
€182.79
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €182.79 ÷ (1 + 6.39%)10
€98.42
DB:ORA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €76.85 + €98.42
€175.27
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €175.27 / 93.26
€1.88
DB:ORA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:ORA represents 0.9942x of ENXTAM:ORDI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.9942x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 1.88 x 0.9942
€1.87
Value per share (EUR) From above. €1.87
Current discount Discount to share price of €1.72
= -1 x (€1.72 - €1.87) / €1.87
8.2%

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

Current Discount
Amount off the current price Ordina is available for.
Intrinsic value
8%
Share price is €1.72 vs Future cash flow value of €1.87
Current Discount Checks
For Ordina to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ordina's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Ordina'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 Ordina's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ordina's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ORA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.07
ENXTAM:ORDI Share Price ** ENXTAM (2019-05-23) in EUR €1.73
Germany IT Industry PE Ratio Median Figure of 20 Publicly-Listed IT Companies 26.35x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 20.28x

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

** Primary Listing of Ordina.

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

= ENXTAM:ORDI Share Price ÷ EPS (both in EUR)

= 1.73 ÷ 0.07

23.42x

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

  • Ordina is good value based on earnings compared to the DE IT industry average.
  • Ordina is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Ordina's expected growth come at a high price?
Raw Data
DB:ORA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
24%per year
Germany IT Industry PEG Ratio Median Figure of 13 Publicly-Listed IT Companies 1.5x
Germany Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

DB:ORA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 23.42x ÷ 24%

0.97x

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

  • Ordina is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Ordina's assets?
Raw Data
DB:ORA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €1.64
ENXTAM:ORDI Share Price * ENXTAM (2019-05-23) in EUR €1.73
Germany IT Industry PB Ratio Median Figure of 25 Publicly-Listed IT Companies 4x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.78x
DB:ORA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTAM:ORDI Share Price ÷ Book Value per Share (both in EUR)

= 1.73 ÷ 1.64

1.05x

* Primary Listing of Ordina.

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

  • Ordina is good value based on assets compared to the DE IT industry average.
X
Value checks
We assess Ordina'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 IT 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 IT industry average (and greater than 0)? (1 check)
  5. Ordina has a total score of 3/6, 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 Ordina expected to perform in the next 1 to 3 years based on estimates from 2 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
24%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ordina expected to grow at an attractive rate?
  • Ordina's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Ordina's earnings growth is expected to exceed the Germany market average.
  • Ordina's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:ORA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ORA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 24%
DB:ORA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 4.7%
Germany IT Industry Earnings Growth Rate Market Cap Weighted Average 24%
Germany IT Industry Revenue Growth Rate Market Cap Weighted Average 15.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.2%
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:ORA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ORA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 452 1
2022-12-31 434 23 1
2021-12-31 414 20 1
2020-12-31 390 16 17 2
2019-12-31 376 13 13 1
DB:ORA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 359 12 7
2018-09-30 354 9 7
2018-06-30 353 6 7
2018-03-31 349 10 5
2017-12-31 342 15 3
2017-09-30 339 12 3
2017-06-30 337 9 3
2017-03-31 340 6 4
2016-12-31 344 3 5
2016-09-30 348 8 4
2016-06-30 353 13 4
2016-03-31 351 7 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ordina's earnings are expected to grow significantly at over 20% yearly.
  • Ordina's revenue is expected to grow by 4.7% 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:ORA 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 2 Analyst Estimates (S&P Global) See Below

All data from Ordina Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ORA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 0.19 0.20 0.18 2.00
2019-12-31 0.10 0.10 0.10 1.00
DB:ORA Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.07
2018-09-30 0.08
2018-06-30 0.08
2018-03-31 0.06
2017-12-31 0.03
2017-09-30 0.03
2017-06-30 0.03
2017-03-31 0.04
2016-12-31 0.05
2016-09-30 0.05
2016-06-30 0.04
2016-03-31 0.00

*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.
  • Ordina is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Ordina'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.
Ordina has a total score of 3/6, 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 Ordina 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 Ordina's growth in the last year to its industry (IT).
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.
  • Ordina has delivered over 20% year on year earnings growth in the past 5 years.
  • Ordina's 1-year earnings growth exceeds its 5-year average (121.1% vs 86.3%)
  • Ordina's earnings growth has exceeded the DE IT industry average in the past year (121.1% vs 16.2%).
Earnings and Revenue History
Ordina'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 Ordina Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ORA Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 358.52 6.87 18.50
2018-09-30 354.21 7.01 18.95
2018-06-30 352.76 7.15 19.40
2018-03-31 348.82 5.13 19.40
2017-12-31 342.02 3.11 19.40
2017-09-30 339.42 3.11 20.75
2017-06-30 336.82 3.12 22.10
2017-03-31 340.20 4.08 22.10
2016-12-31 343.58 5.04 22.10
2016-09-30 348.46 4.35 22.90
2016-06-30 353.35 3.67 23.70
2016-03-31 350.81 0.25 23.70
2015-12-31 348.27 -3.17 23.70
2015-09-30 351.32 -3.09 23.40
2015-06-30 354.37 -3.01 23.10
2015-03-31 360.64 -1.00 23.10
2014-12-31 366.92 1.01 23.10
2014-09-30 372.06 -30.72 23.00
2014-06-30 377.19 -62.46 22.90
2014-03-31 377.09 -63.71 22.90
2013-12-31 376.98 -64.97 22.90
2013-09-30 380.39 -32.59 23.15
2013-06-30 383.80 -0.22 23.40
2013-03-31 392.24 0.12 23.40
2012-12-31 400.67 0.45 23.40
2012-09-30 403.88 -4.69 24.15
2012-06-30 407.10 -9.84 24.90

*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.
  • Ordina has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ordina used its assets less efficiently than the DE IT industry average last year based on Return on Assets.
  • Ordina has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ordina'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 IT 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.
Ordina has a total score of 4/6, 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 Ordina'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 Ordina's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ordina is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ordina's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ordina'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.
  • Ordina has no debt, it does not need to be covered by short term assets.
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 Ordina Company Filings, last reported 4 months ago.

DB:ORA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 153.03 0.00 18.49
2018-09-30 153.03 0.00 18.49
2018-06-30 151.03 6.58 9.47
2018-03-31 151.03 6.58 9.47
2017-12-31 147.72 0.00 10.89
2017-09-30 147.72 0.00 10.89
2017-06-30 145.58 8.47 10.63
2017-03-31 145.58 8.47 10.63
2016-12-31 147.40 0.00 2.69
2016-09-30 147.40 0.00 2.69
2016-06-30 144.99 10.00 10.07
2016-03-31 144.99 10.00 10.07
2015-12-31 141.76 5.00 9.54
2015-09-30 141.76 5.00 9.54
2015-06-30 141.26 14.00 7.94
2015-03-31 141.26 14.00 7.94
2014-12-31 144.65 0.00 9.60
2014-09-30 144.65 0.00 9.60
2014-06-30 143.49 13.53 5.49
2014-03-31 143.49 13.53 5.49
2013-12-31 142.66 9.67 7.45
2013-09-30 142.66 9.67 7.45
2013-06-30 204.90 27.78 9.07
2013-03-31 204.90 27.78 9.07
2012-12-31 207.25 19.28 9.53
2012-09-30 207.25 19.28 9.53
2012-06-30 204.95 31.61 11.24
  • Ordina has no debt.
  • Ordina has no debt compared to 5 years ago when it was 6.8%.
  • Ordina has no debt, it does not need to be covered by operating cash flow.
  • Ordina has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Ordina'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. Ordina has a total score of 6/6, 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 Ordina'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
2.9%
Current annual income from Ordina dividends. Estimated to be 5.99% next year.
If you bought €2,000 of Ordina shares you are expected to receive €58 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?
  • Ordina's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.42%).
  • Ordina's dividend is below the markets top 25% of dividend payers in Germany (3.88%).
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:ORA 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 2 Analyst Estimates (S&P Global) See Below
Germany IT Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 0.5%
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:ORA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 0.11 2.00
2019-12-31 0.10 1.00
DB:ORA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-15 0.050 2.770
2019-02-14 0.050 3.007
2018-02-16 0.020 1.167
2018-02-15 0.020 1.138
2017-02-22 0.020 1.284
2017-02-16 0.020 1.146
2009-09-24 0.000 0.000
2009-08-25 0.000 0.000

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

  • Whilst dividend payments have been stable, Ordina has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Ordina only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Ordina's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Ordina'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 Ordina afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ordina has a total score of 3/6, 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 Ordina'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
Jo Maes
COMPENSATION €712,000
AGE 50
TENURE AS CEO 2.1 years
CEO Bio

Mr. Jo G. Maes has been Chief Executive Officer, Chairman of Management Board and Member of the Management Board of Ordina N.V. since April 1, 2017. Mr. Maes has been Chief Executive Officer at Ordina Belgium Nv since January 1, 2014. He is responsible for all Ordina's business activities in Belgium and Luxembourg. He joined Ordina in 2011. He serves as Chief Technology Officer and Manager of Business Unit, Component Solutions of Business Architects International N.V. He has extensive experience in large and complex IT projects. He served as Chief Executive Officer of Business Architects International N.V. Mr. Maes served as Chief Financial Officer and Chief Executive Officer of Business Architects International N.V. Mr. Maes served as Vice President of Component Banker Loans of Business Architects International N.V. He has introduced and mastered innovative IT solutions to solve complex business problems of leading tier 1 banks. Before joining Business Architects, Mr. Maes served as a Senior Project Manager of CIMAD/IBM, Unit Manager of the Belgian railways and Academic Researcher at the University of Brussels. Mr. Maes holds Master's Degree from University of Brussels as Civil Engineer in the year 1986 – 1991.

CEO Compensation
  • Jo's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jo's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Ordina management team in years:

2.4
Average Tenure
  • The tenure for the Ordina management team is about average.
Management Team

Jo Maes

TITLE
Chairman of Management Board
COMPENSATION
€712K
AGE
50
TENURE
2.1 yrs

J.W. Otter

TITLE
CFO & Member of Management Board
COMPENSATION
€496K
AGE
39
TENURE
2.7 yrs

Jeroen Hellenberg

TITLE
Director of Communications
TENURE
4.5 yrs

Lieven Verhaevert

TITLE
Chief Executive Officer of Belgium & Luxembourg
TENURE
1.8 yrs

Hilde Mulder

TITLE
Company Secretary
Board of Directors Tenure

Average tenure and age of the Ordina board of directors in years:

2.3
Average Tenure
55
Average Age
  • The average tenure for the Ordina board of directors is less than 3 years, this suggests a new board.
Board of Directors

Johan van Hall

TITLE
Chairman of Supervisory Board
AGE
58
TENURE
0.3 yrs

Dirk Anbeek

TITLE
Member of Supervisory Board
AGE
55
TENURE
7 yrs

Caroline Princen

TITLE
Member of Supervisory Board
AGE
52
TENURE
1.1 yrs

Jan G. H. Niessen

TITLE
Member of Supervisory Board
AGE
55
TENURE
3.5 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 Ordina'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. Ordina 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

Ordina N.V. provides IT services in the Netherlands, Belgium, and Luxembourg. The company develops, builds, and manages IT applications in the public sector, financial services sector, in industry, and in healthcare. It designs, builds, and tests out-of-the-box and tailor-made applications for clients; and provides application management services, including the development and maintenance of IT applications, and cloud infrastructure and workspaces. It also provides consulting services, such as advising clients on translation of their business processes into IT; and solutions in various areas, such as strategy, business processes, business intelligence, and chain integration. In addition, the company offers Clockwork, a digital engagement bureau that delivers solutions in the field of digital organization transformation; SMART Technologies for developing solutions; security and risk management solutions; and Codestar for developing Web applications and platforms. Ordina N.V. was founded in 1973 and is headquartered in Nieuwegein, the Netherlands.

Details
Name: Ordina N.V.
ORA
Exchange: DB
Founded: 1973
€160,959,735
93,255,930
Website: http://www.ordina.com
Address: Ordina N.V.
Ringwade 1,
Nieuwegein,
Utrecht, 3439 LM,
Netherlands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTAM ORDI Ordinary Shares Euronext Amsterdam NL EUR 02. Jan 1992
DB ORA Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0OOJ Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE ORDIA Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
2,345
Ordina employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 21:35
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2019/05/17
Last earnings filing: 2019/02/15
Last earnings reported: 2018/12/31
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.