DB:P1F

Stock Analysis Report

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Executive Summary

Columbus A/S, an IT services and consulting company, develops and sells industry-specific software for the retail, food, and manufacturing industries worldwide.


Snowflake Analysis

Adequate balance sheet and fair value.

Share Price & News

How has Columbus's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: P1F's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.7%

P1F

2.1%

DE IT

4.4%

DE Market


1 Year Return

-32.9%

P1F

-7.8%

DE IT

4.4%

DE Market

Return vs Industry: P1F underperformed the German IT industry which returned -9.6% over the past year.

Return vs Market: P1F underperformed the German Market which returned 4.1% over the past year.


Shareholder returns

P1FIndustryMarket
7 Day-1.7%2.1%4.4%
30 Day14.0%12.8%12.1%
90 Day-0.2%1.2%5.4%
1 Year-32.9%-32.9%-7.4%-7.8%6.1%4.4%
3 Yearn/a74.1%70.1%-0.6%-8.2%
5 Yearn/a212.1%198.5%10.4%-3.8%

Price Volatility Vs. Market

How volatile is Columbus's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Columbus undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: P1F (€1.03) is trading below our estimate of fair value (€4.15)

Significantly Below Fair Value: P1F is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: P1F is poor value based on its PE Ratio (47.3x) compared to the IT industry average (24.6x).

PE vs Market: P1F is poor value based on its PE Ratio (47.3x) compared to the German market (20.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate P1F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: P1F is good value based on its PB Ratio (1.5x) compared to the DE IT industry average (3.9x).


Next Steps

Future Growth

How is Columbus forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.3%

Forecasted Software industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Columbus has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Columbus performed over the past 5 years?

3.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: P1F has a large one-off loss of DKK13.2M impacting its December 31 2019 financial results.

Growing Profit Margin: P1F's current net profit margins (1.1%) are lower than last year (5.1%).


Past Earnings Growth Analysis

Earnings Trend: P1F's earnings have grown by 3.9% per year over the past 5 years.

Accelerating Growth: P1F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: P1F had negative earnings growth (-78.3%) over the past year, making it difficult to compare to the IT industry average (4.8%).


Return on Equity

High ROE: P1F's Return on Equity (3.1%) is considered low.


Next Steps

Financial Health

How is Columbus's financial position?


Financial Position Analysis

Short Term Liabilities: P1F's short term assets (DKK529.9M) do not cover its short term liabilities (DKK538.3M).

Long Term Liabilities: P1F's short term assets (DKK529.9M) exceed its long term liabilities (DKK447.7M).


Debt to Equity History and Analysis

Debt Level: P1F's debt to equity ratio (26.3%) is considered satisfactory.

Reducing Debt: P1F's debt to equity ratio has increased from 0.5% to 26.3% over the past 5 years.

Debt Coverage: P1F's debt is well covered by operating cash flow (107.5%).

Interest Coverage: P1F's interest payments on its debt are well covered by EBIT (9.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Columbus's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate P1F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate P1F'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 P1F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if P1F's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: P1F is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of P1F'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?

6.8yrs

Average management tenure


CEO

Thomas Honoré (50yo)

9.08yrs

Tenure

Mr. Thomas Gregers Honoré has been the Chief Executive Officer and President at Columbus A/S (Alternate Name: Columbus IT Partner A/S) since May 2011 and serves as its Member of Executive Board. Mr. Honoré ...


Leadership Team

NamePositionTenureCompensationOwnership
Thomas Honoré
CEO, President & Member of the Executive Board9.08yrsno data1.45% DKK1.9m
Hans Thrane
CFO & Member of the Executive Board9.92yrsno data0.91% DKK1.2m
Ole Fritze
Chief Operating Officerno datano datano data
Mary Hunter
Chief People Officerno datano datano data
Marianne Tholin
Senior Vice President of Columbus Care4.42yrsno datano data
Markus Jakobson
Chief Executive Officer of Swedenno datano datano data
Thomas Hauge
Chief Executive Officer of North America - Columbus USno datano datano data
Luciano Cunha
Chief Executive Officer of To-Increase2.42yrsno datano data

6.8yrs

Average Tenure

52yo

Average Age

Experienced Management: P1F's management team is seasoned and experienced (6.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ib Kunøe
Chairman of the Board16.42yrsno data0.29% DKK378.3k
Sven Madsen
Deputy Chairman2.17yrsno data0.62% DKK807.5k
Peter Hansen
Independent Director7.83yrsno data0.22% DKK294.2k
Karina Kirk
Director2.42yrsno data0.016% DKK21.0k

5.1yrs

Average Tenure

61.5yo

Average Age

Experienced Board: P1F's board of directors are considered experienced (5.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Columbus A/S's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Columbus A/S
  • Ticker: P1F
  • Exchange: DB
  • Founded: 1989
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: ø977.038m
  • Listing Market Cap: ø130.947m
  • Shares outstanding: 124.62m
  • Website: https://www.columbusglobal.com

Number of Employees


Location

  • Columbus A/S
  • Lautrupvang 6
  • Ballerup
  • Capital Region of Denmark
  • 2750
  • Denmark

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
COLUMCPSE (OMX Nordic Exchange Copenhagen)YesCommon StockDKDKKMay 1998
0NPJLSE (London Stock Exchange)YesCommon StockGBDKKMay 1998
COLO.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDMay 1998
COLUMCBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBDKKMay 1998
P1FDB (Deutsche Boerse AG)YesCommon StockDEEURMay 1998

Biography

Columbus A/S, an IT services and consulting company, develops and sells industry-specific software for the retail, food, and manufacturing industries worldwide. It provides analytics and business insights, business and application integration, business innovation, compliance and business continuity, customer experience, and enterprise resource planning; and application management, and cloud and infrastructure services. The company also offers various solutions for manufacturing, retail, and distribution; food, beverage, and process; rental, lease, and equipment; and fashion industries. Columbus A/S was founded in 1989 is headquartered in Ballerup, Denmark. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 01:52
End of Day Share Price2020/06/04 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.