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ATEME

BST:AYD
Snowflake Description

Flawless balance sheet with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AYD
BST
€109M
Market Cap
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Last updated 2019/04/19 22:14
Company description

ATEME SA provides video delivery infrastructure solutions worldwide. The last earnings update was 22 days ago. More info.

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  • ATEME has significant price volatility in the past 3 months.
AYD Share Price and Events
7 Day Returns
0%
BST:AYD
-9%
DE Communications
2.4%
DE Market
1 Year Returns
-37.6%
BST:AYD
18.5%
DE Communications
-6.2%
DE Market
AYD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ATEME (AYD) 0% -2.8% -16.6% -37.6% - -
DE Communications -9% -2.5% 23.5% 18.5% 1.8% 52.6%
DE Market 2.4% 3% 7.4% -6.2% 9.6% 14.1%
1 Year Return vs Industry and Market
  • AYD underperformed the Communications industry which returned 18.5% over the past year.
  • AYD underperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
AYD
Industry
5yr Volatility vs Market
Related Companies

Value

 Is ATEME 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 ATEME 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 ATEME.

BST:AYD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.4%
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 BST:AYD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Communications Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.09 (1 + (1- 33%) (4.64%)) 		1.083
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.083 * 6.65%) 		7.43%

Discounted Cash Flow Calculation for BST:AYD using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ATEME 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.

BST:AYD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.43%)
2019 2.55 Analyst x2 2.37
2020 5.73 Analyst x3 4.97
2021 8.82 Est @ 53.76% 7.11
2022 12.14 Est @ 37.7% 9.11
2023 15.35 Est @ 26.46% 10.73
2024 18.20 Est @ 18.59% 11.84
2025 20.59 Est @ 13.08% 12.46
2026 22.48 Est @ 9.23% 12.67
2027 23.95 Est @ 6.53% 12.57
2028 25.06 Est @ 4.64% 12.24
Present value of next 10 years cash flows €96.07
BST:AYD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €25.06 × (1 + 0.23%) ÷ (7.43% – 0.23%) 		€348.74
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €348.74 ÷ (1 + 7.43%)10 		€170.29
BST:AYD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €96.07 + €170.29 		€266.36
Equity Value per Share
(EUR)		 = Total value / Shares Outstanding
= €266.36 / 10.42 		€25.57
BST:AYD Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:AYD represents 0.99232x of ENXTPA:ATEME
(This could be a different class, a depositary receipt, a different currency, or all of these things.) 		0.99232x
Value per Share
(Listing Adjusted, EUR)		 = Value per Share (EUR) x Listing Adjustment Factor
= € 25.57 x 0.99232 		€25.37
Value per share (EUR) From above. €25.37
Current discount Discount to share price of €10.34
= -1 x (€10.34 - €25.37) / €25.37 		59.2%

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

Current Discount
Amount off the current price ATEME is available for.
Intrinsic value
>50%
Share price is €10.34 vs Future cash flow value of €25.37
Current Discount Checks
For ATEME to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ATEME's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • ATEME's share price is below the future cash flow value, and 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 ATEME's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ATEME's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:AYD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.04
ENXTPA:ATEME Share Price ** ENXTPA (2019-04-18) in EUR €10.42
Germany Communications Industry PE Ratio Median Figure of 5 Publicly-Listed Communications Companies 27.71x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.67x

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

** Primary Listing of ATEME.

BST:AYD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:ATEME Share Price ÷ EPS (both in EUR)

= 10.42 ÷ 0.04

 289.82x

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

  • ATEME is overvalued based on earnings compared to the DE Communications industry average.
  • ATEME is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does ATEME's expected growth come at a high price?
Raw Data
BST:AYD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 289.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts		 63.2%per year
Europe Communications Industry PEG Ratio Median Figure of 13 Publicly-Listed Communications Companies 0.96x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

BST:AYD PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 289.82x ÷ 63.2%

 4.58x

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

  • ATEME is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on ATEME's assets?
Raw Data
BST:AYD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €1.61
ENXTPA:ATEME Share Price * ENXTPA (2019-04-18) in EUR €10.42
Germany Communications Industry PB Ratio Median Figure of 7 Publicly-Listed Communications Companies 1.53x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.85x
BST:AYD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:ATEME Share Price ÷ Book Value per Share (both in EUR)

= 10.42 ÷ 1.61

 6.47x

* Primary Listing of ATEME.

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

  • ATEME is overvalued based on assets compared to the DE Communications industry average.
X
Value checks
We assess ATEME'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 Communications 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 Communications industry average (and greater than 0)? (1 check)
    5. ATEME has a total score of 2/6, 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 ATEME expected to perform in the next 1 to 3 years based on estimates from 3 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
63.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ATEME expected to grow at an attractive rate?
  • ATEME's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • ATEME's earnings growth is expected to exceed the Germany market average.
  • ATEME's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:AYD Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:AYD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 63.2%
BST:AYD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 16.7%
Germany Communications Industry Earnings Growth Rate Market Cap Weighted Average 24.7%
Europe Communications Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
BST:AYD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:AYD Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 14
2020-12-31 79 12 9 3
2019-12-31 67 8 6 3
BST:AYD Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 57 2
2018-09-30 54 1
2018-06-30 51 4 0
2018-03-31 50 2 2
2017-12-31 49 -1 4
2017-09-30 46 1 4
2017-06-30 43 3 4
2017-03-31 40 3 3
2016-12-31 37 2 2
2016-09-30 34 1 0
2016-06-30 31 -1 -2
2016-03-31 30 -2 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ATEME's earnings are expected to grow significantly at over 20% yearly.
  • ATEME's revenue is expected to grow by 16.7% 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
BST:AYD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from ATEME Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:AYD Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 0.82 1.09 0.63 3.00
2019-12-31 0.55 0.72 0.44 3.00
BST:AYD Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31
2018-09-30
2018-06-30 0.04
2018-03-31 0.21
2017-12-31 0.38
2017-09-30 0.38
2017-06-30 0.38
2017-03-31 0.29
2016-12-31 0.20
2016-09-30 0.02
2016-06-30 -0.16
2016-03-31 -0.20

*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.
  • ATEME is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
Show me more growth companies in the Communications industry
X
Future performance checks
We assess ATEME'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 Europe 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.
ATEME has a total score of 5/6, 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 ATEME 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 ATEME's growth in the last year to its industry (Communications).
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.
  • ATEME has delivered over 20% year on year earnings growth in the past 5 years.
  • ATEME's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • ATEME's 1-year earnings growth is negative, it can't be compared to the Europe Communications industry average.
Earnings and Revenue History
ATEME'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 ATEME Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:AYD 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 56.50 1.70
2018-09-30 53.70 1.03 9.70 3.58
2018-06-30 50.90 0.37 19.45 7.13
2018-03-31 49.75 2.09 18.75 6.65
2017-12-31 48.60 3.82 18.05 6.16
2017-09-30 46.01 3.84 17.20 6.06
2017-06-30 43.42 3.87 16.31 6.00
2017-03-31 40.44 2.92 15.39 5.85
2016-12-31 37.46 1.97 14.47 5.70
2016-09-30 34.35 0.20 13.87 5.34
2016-06-30 31.24 -1.57 13.26 4.99
2016-03-31 29.91 -2.02 13.11 5.02
2015-12-31 28.58 -2.47 12.96 5.05
2015-09-30 26.88 -3.04 12.42 4.89
2015-06-30 25.17 -3.61 11.89 4.73
2015-03-31 25.00 -2.81 11.28 4.27
2014-12-31 24.83 -2.00 10.67 3.82
2014-09-30 23.78 -1.66 10.00 3.58
2014-06-30 22.73 -1.32 9.33 3.35
2014-03-31 21.67 -1.46 8.76 3.37
2013-12-31 20.60 -1.59 8.20 3.39
2012-12-31 17.90 0.38 6.51 1.83

*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.
  • ATEME has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ATEME used its assets more efficiently than the DE Communications industry average last year based on Return on Assets.
  • ATEME has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess ATEME'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 Communications 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.
ATEME has a total score of 3/6, 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 ATEME'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 ATEME's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ATEME is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ATEME's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ATEME'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 6.8x 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 ATEME Company Filings, last reported 3 months ago.

BST:AYD Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31
2018-09-30 16.74 5.04 6.96
2018-06-30 16.74 5.04 6.96
2018-03-31 16.74 5.04 6.96
2017-12-31 18.92 5.84 2.45
2017-09-30 18.92 5.84 2.45
2017-06-30 14.28 5.49 5.27
2017-03-31 14.28 5.49 5.27
2016-12-31 13.85 4.74 4.10
2016-09-30 13.85 4.74 4.10
2016-06-30 10.09 4.72 3.07
2016-03-31 10.09 4.72 3.07
2015-12-31 11.75 5.17 4.23
2015-09-30 11.75 5.17 4.23
2015-06-30 11.66 2.15 3.89
2015-03-31 11.66 2.15 3.89
2014-12-31 14.12 2.44 6.88
2014-09-30 14.12 2.44 6.88
2014-06-30 2.36 4.87 0.67
2014-03-31 2.36 4.87 0.67
2013-12-31 3.64 3.12 0.54
2012-12-31 4.55 4.03 2.54
  • ATEME's level of debt (30.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (86.4% vs 30.1% today).
  • Debt is well covered by operating cash flow (79.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 13.7x coverage).
Show me more healthy companies in the Communications industry
X
Financial health checks
We assess ATEME'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. ATEME 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 ATEME'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 ATEME dividends. Estimated to be 0% next year.
If you bought €2,000 of ATEME 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 ATEME's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate ATEME'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
BST:AYD 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 3 Analyst Estimates (S&P Global) See Below
Europe Communications Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3%
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 3.7%

Industry and Market average data is calculated daily.

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

BST:AYD Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

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

  • Unable to perform a dividend volatility check as ATEME has not reported any payouts.
  • Unable to verify if ATEME's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of ATEME's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as ATEME has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of ATEME's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess ATEME'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 ATEME afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. ATEME 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 ATEME'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
Michel Artieres
COMPENSATION €279,000
TENURE AS CEO 17.1 years
CEO Bio

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 and Compression at French Ministry of Defence. He specifically directed research works in the field of progressive lossless compression for very high definition images and blurred image restoration in noisy environments. He served as Manager of Sereitra. He received his Engineering degree from Supelec, Paris, France, with a specialization in Signal Processing.

CEO Compensation
  • Michel's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Michel's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the ATEME management team in years:

7.3
Average Tenure
  • The average tenure for the ATEME management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Michel Artieres

TITLE
Co-Founder
COMPENSATION
€279K
TENURE
17.1 yrs

Fabrice Sana

TITLE
Chief Financial Officer
TENURE
12.3 yrs

Joseph Soueidi

TITLE
Chief Operating Officer
TENURE
10 yrs

Pierre Larbier

TITLE
Chief Technology Officer

Eunsook Wi

TITLE
Head of ATEME's Korean Office
TENURE
7.3 yrs

Remi Beaudouin

TITLE
Chief Strategy Officer
TENURE
0.3 yrs

Emmanuel Boureau

TITLE
Vice President of Sales – EMEA
AGE
57
TENURE
2.3 yrs

François Cavalade

TITLE
Global Partners Director
TENURE
4.3 yrs
Board of Directors Tenure

Average tenure of the ATEME board of directors in years:

9.1
Average Tenure
  • The tenure for the ATEME board of directors is about average.
Board of Directors

Michel Artieres

TITLE
Co-Founder
COMPENSATION
€279K
TENURE
21.4 yrs

Jacques Galloy

TITLE
Director
COMPENSATION
€25K
AGE
48
TENURE
4.3 yrs

Benoît Fouchard

TITLE
Director
COMPENSATION
€17K
TENURE
13.3 yrs

Laurent Cadieu

TITLE
Director
TENURE
9.1 yrs

Joanna Darlington

TITLE
Director
COMPENSATION
€11K
TENURE
3.8 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 ATEME'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. ATEME 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

ATEME SA provides video delivery infrastructure solutions worldwide. The company offers solutions, such as TITAN Live, a software-based live video compression for distribution; TITAN Mux, a multi-function software stream processing solution; Titan Origin, a software-based origin server, recorder, and just-in-time package; 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, IPTV, OTT, contribution, DTH, terrestrial, and teleport markets. ATEME SA was founded in 1991 and is headquartered in Vélizy-Villacoublay, France.

Details
Name: ATEME SA
AYD
Exchange: BST
Founded: 1991
€108,565,813
10,418,984
Website: http://www.ateme.com
Address: ATEME SA
6 rue Dewoitine,
Vélizy-Villacoublay,
Ile-de-France, 78140,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA ATEME Common Stock Euronext Paris FR EUR 10. Jul 2014
BST AYD Common Stock Boerse-Stuttgart DE EUR 10. Jul 2014
LSE 0QVW Common Stock London Stock Exchange GB EUR 10. Jul 2014
Number of employees
Current staff
Staff numbers
260
ATEME employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 22:14
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/10
Last earnings filing: 2019/03/28
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.

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