Executive Summary
ATEME SA, together with its subsidiaries, provides video delivery infrastructure solutions worldwide.
Rewards
Risk Analysis
Snowflake Analysis
High growth potential with excellent balance sheet.
Similar Companies
Share Price & News
How has ATEME's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AYD has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
4.2%
AYD
-7.1%
DE Communications
0.2%
DE Market
1 Year Return
27.4%
AYD
4.8%
DE Communications
14.4%
DE Market
Return vs Industry: AYD exceeded the German Communications industry which returned 4.8% over the past year.
Return vs Market: AYD exceeded the German Market which returned 14.4% over the past year.
Shareholder returns
| AYD | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.2% | -7.1% | 0.2% |
| 30 Day | 27.2% | -7.4% | 0.9% |
| 90 Day | 29.5% | -6.6% | 4.6% |
| 1 Year | 27.4%27.4% | 5.4%4.8% | 17.9%14.4% |
| 3 Year | n/a | -6.0%-6.3% | 15.7%5.6% |
| 5 Year | n/a | 88.9%88.5% | 23.4%6.5% |
Price Volatility Vs. Market
How volatile is ATEME's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is ATEME undervalued compared to its fair value and its price relative to the market?
16.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AYD (€13.86) is trading below our estimate of fair value (€16.62)
Significantly Below Fair Value: AYD is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: AYD is poor value based on its PE Ratio (40.6x) compared to the Communications industry average (20x).
PE vs Market: AYD is poor value based on its PE Ratio (40.6x) compared to the German market (20.7x).
Price to Earnings Growth Ratio
PEG Ratio: AYD is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: AYD is overvalued based on its PB Ratio (7.2x) compared to the DE Communications industry average (3.1x).
Next Steps
Future Growth
How is ATEME forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
38.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AYD's forecast earnings growth (38% per year) is above the savings rate (-0.4%).
Earnings vs Market: AYD's earnings (38% per year) are forecast to grow faster than the German market (13.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: AYD's revenue (14.3% per year) is forecast to grow faster than the German market (5% per year).
High Growth Revenue: AYD's revenue (14.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AYD's Return on Equity is forecast to be high in 3 years time (20.5%)
Next Steps
Past Performance
How has ATEME performed over the past 5 years?
56.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AYD has a high level of non-cash earnings.
Growing Profit Margin: AYD's current net profit margins (5.9%) are higher than last year (0.7%).
Past Earnings Growth Analysis
Earnings Trend: AYD has become profitable over the past 5 years, growing earnings by 56.4% per year.
Accelerating Growth: AYD's earnings growth over the past year (907%) exceeds its 5-year average (56.4% per year).
Earnings vs Industry: AYD earnings growth over the past year (907%) exceeded the Communications industry 49.1%.
Return on Equity
High ROE: AYD's Return on Equity (17.7%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is ATEME's financial position?
Financial Position Analysis
Short Term Liabilities: AYD's short term assets (€37.4M) exceed its short term liabilities (€18.1M).
Long Term Liabilities: AYD's short term assets (€37.4M) exceed its long term liabilities (€6.7M).
Debt to Equity History and Analysis
Debt Level: AYD's debt to equity ratio (24.7%) is considered satisfactory.
Reducing Debt: AYD's debt to equity ratio has reduced from 181.1% to 24.7% over the past 5 years.
Debt Coverage: AYD's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: AYD's interest payments on its debt are well covered by EBIT (31.8x coverage).
Balance Sheet
Inventory Level: AYD has a low level of unsold assets or inventory.
Debt Coverage by Assets: AYD's debt is covered by short term assets (assets are 7.2x debt).
Next Steps
Dividend
What is ATEME's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AYD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate AYD's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if AYD's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AYD's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AYD'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?
10.8yrs
Average management tenure
CEO
Michel Artieres 0
17.9yrs
Tenure
€316,948
Compensation
Mr. Michel Artieres co-founded ATEME SA in 1991 and has been it's Chairman since November 17, 1997 and its Chief Executive Officer since March 27, 2002. Mr. Artieres was directed R&D in Image Processing an ...
CEO Compensation Analysis
Compensation vs Market: Michel's total compensation ($USD342.17K) is below average for companies of similar size in the German market ($USD625.38K).
Compensation vs Earnings: Michel's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 17.9yrs | €316.95k | 1.92% €2.7m | |
| Chief Financial Officer | 13.1yrs | no data | no data | |
| Chief Operating Officer | 10.8yrs | no data | no data | |
| Chief Technology Officer | 0yrs | no data | no data | |
| Head of ATEME's Korean Office | 8.1yrs | no data | no data | |
| Chief Strategy Officer | 1.1yrs | no data | no data |
10.8yrs
Average Tenure
Experienced Management: AYD's management team is seasoned and experienced (10.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 17.9yrs | €316.95k | 1.92% €2.7m | |
| Independent Director | 5.1yrs | €21.00k | no data | |
| Director | 9.9yrs | no data | no data | |
| Independent Director | 14.2yrs | €15.75k | no data | |
| Independent Director | 4.7yrs | €15.75k | no data |
9.9yrs
Average Tenure
Experienced Board: AYD's board of directors are considered experienced (9.9 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
ATEME SA's company bio, employee growth, exchange listings and data sources
Key Information
- Name: ATEME SA
- Ticker: AYD
- Exchange: BST
- Founded: 1991
- Industry: Communications Equipment
- Sector: Tech
- Market Cap: €139.701m
- Shares outstanding: 10.43m
- Website: https://www.ateme.com
Number of Employees
Location
- ATEME SA
- 6 rue Dewoitine
- Vélizy-Villacoublay
- Ile-de-France
- 78140
- France
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ATEME | ENXTPA (Euronext Paris) | Yes | Common Stock | FR | EUR | Jul 2014 |
| 0QVW | LSE (London Stock Exchange) | Yes | Common Stock | GB | EUR | Jul 2014 |
| AYD | BST (Boerse-Stuttgart) | Yes | Common Stock | DE | EUR | Jul 2014 |
| ATEMEP | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Stock | GB | EUR | Jul 2014 |
Biography
ATEME SA, together with its subsidiaries, provides video delivery infrastructure solutions worldwide. The company offers various solutions, such as TITAN Live, a software-based live video compression for distribution applications; TITAN Mux, a multi-function software stream processing solution; Titan Origin, a software-based origin server, recorder, and just-in-time packager; TITAN File, a file transcoder; and AMS, a unified network management system. It also provides KYRION CM5000, an ultra-low latency encoder; and KYRION DR5000, an ultra-low latency integrated receiver decoder. The company offers its products for cable, DTH, IPTV, terrestrial, OTT, teleport, and contribution markets. ATEME SA was founded in 1991 and is headquartered in Vélizy-Villacoublay, France.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/19 23:28 |
| End of Day Share Price | 2020/02/19 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.