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SIM

SimCorpCPSE:SIM Stock Report

Market Cap

kr.30.5b

7D

5.0%

1Y

-11.5%

Updated

18 Oct, 2021

Data

Company Financials +
SIM fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance5/6
Financial Health6/6
Dividends3/6

SIM Overview

SimCorp A/S, together with its subsidiaries, provides investment management solutions for asset management, fund management, insurance, life/pension, central banks, asset servicing, treasury, sovereign wealth, and wealth management companies.

SimCorp Competitors

SAP

XTRA:SAP

€149.0b

Intuit

NasdaqGS:INTU

US$150.8b

BlackRock

NYSE:BLK

US$138.1b

Fidelity National Information Services

NYSE:FIS

US$77.1b

Price History & Performance

Summary of all time highs, changes and price drops for SimCorp
Historical stock prices
Current Share Pricekr.771.60
52 Week Highkr.714.50
52 Week Lowkr.935.00
Beta0.83
1 Month Change-4.51%
3 Month Change-7.61%
1 Year Change-11.51%
3 Year Change52.94%
5 Year Change103.16%
Change since IPO1,957.60%

Recent News & Updates

Oct 05
Is Now An Opportune Moment To Examine SimCorp A/S (CPH:SIM)?

Is Now An Opportune Moment To Examine SimCorp A/S (CPH:SIM)?

SimCorp A/S ( CPH:SIM ), might not be a large cap stock, but it saw significant share price movement during recent...

Aug 01
Should You Be Adding SimCorp (CPH:SIM) To Your Watchlist Today?

Should You Be Adding SimCorp (CPH:SIM) To Your Watchlist Today?

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Jun 21
What Is SimCorp A/S's (CPH:SIM) Share Price Doing?

What Is SimCorp A/S's (CPH:SIM) Share Price Doing?

SimCorp A/S ( CPH:SIM ), is not the largest company out there, but it received a lot of attention from a substantial...

Shareholder Returns

SIMDK SoftwareDK Market
7D5.0%3.6%3.1%
1Y-11.5%9.5%22.6%

Return vs Industry: SIM underperformed the Danish Software industry which returned 9.5% over the past year.

Return vs Market: SIM underperformed the Danish Market which returned 22.6% over the past year.

Price Volatility

Is SIM's price volatile compared to industry and market?
SIM volatility
SIM Beta0.83
Industry Beta0.75
Market Beta1

Stable Share Price: SIM is less volatile than 75% of Danish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: SIM's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19711,914Christian Kromannhttps://www.simcorp.com

SimCorp A/S, together with its subsidiaries, provides investment management solutions for asset management, fund management, insurance, life/pension, central banks, asset servicing, treasury, sovereign wealth, and wealth management companies. It provides SimCorp Dimension, an integrated system, which provides multi-asset class support across the investment value chain; SimCorp Sofia, a front-to-back investment management solution for the Italian insurance market; SimCorp Gain, an enterprise data management solution for reference and market data management; and SimCorp Coric, a solution for client communications and reporting automation. The company offers front office solutions, including alternative investment, asset, order, and compliance manager; middle office solutions, such as performance, risk mitigation, and strategy manager; and back office solutions comprising cash and securities, collateral, corporate actions, fund administration, general ledger, investment accounting, and settlement manager.

SimCorp Fundamentals Summary

How do SimCorp's earnings and revenue compare to its market cap?
SIM fundamental statistics
Market Cap€4.09b
Earnings (TTM)€98.17m
Revenue (TTM)€475.05m

41.7x

P/E Ratio

8.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SIM income statement (TTM)
Revenue€475.05m
Cost of Revenue€177.78m
Gross Profit€297.27m
Expenses€199.10m
Earnings€98.17m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 12, 2021

Earnings per share (EPS)2.49
Gross Margin62.58%
Net Profit Margin20.66%
Debt/Equity Ratio0%

How did SIM perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

41%

Payout Ratio

Valuation

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

41.7x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SIM (DKK771.6) is trading above our estimate of fair value (DKK458.77)

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


Price To Earnings Ratio

PE vs Industry: SIM is good value based on its PE Ratio (41.7x) compared to the European Software industry average (45.7x).

PE vs Market: SIM is poor value based on its PE Ratio (41.7x) compared to the Danish market (16.3x).


Price to Earnings Growth Ratio

PEG Ratio: SIM is poor value based on its PEG Ratio (3.9x)


Price to Book Ratio

PB vs Industry: SIM is overvalued based on its PB Ratio (15.2x) compared to the DK Software industry average (9.9x).


Future Growth

How is SimCorp forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

10.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SIM's forecast earnings growth (10.8% per year) is above the savings rate (0.1%).

Earnings vs Market: SIM's earnings (10.8% per year) are forecast to grow faster than the Danish market (10% per year).

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

Revenue vs Market: SIM's revenue (8.7% per year) is forecast to grow faster than the Danish market (7.3% per year).

High Growth Revenue: SIM's revenue (8.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SIM's Return on Equity is forecast to be high in 3 years time (32.1%)


Past Performance

How has SimCorp performed over the past 5 years?

13.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SIM has high quality earnings.

Growing Profit Margin: SIM's current net profit margins (20.7%) are higher than last year (18.7%).


Past Earnings Growth Analysis

Earnings Trend: SIM's earnings have grown by 13.2% per year over the past 5 years.

Accelerating Growth: SIM's earnings growth over the past year (15.2%) exceeds its 5-year average (13.2% per year).

Earnings vs Industry: SIM earnings growth over the past year (15.2%) underperformed the Software industry 26.4%.


Return on Equity

High ROE: SIM's Return on Equity (36.5%) is considered high.


Financial Health

How is SimCorp's financial position?


Financial Position Analysis

Short Term Liabilities: SIM's short term assets (€333.9M) exceed its short term liabilities (€138.4M).

Long Term Liabilities: SIM's short term assets (€333.9M) exceed its long term liabilities (€72.7M).


Debt to Equity History and Analysis

Debt Level: SIM is debt free.

Reducing Debt: SIM has no debt compared to 5 years ago when its debt to equity ratio was 2.8%.

Debt Coverage: SIM has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: SIM has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is SimCorp current dividend yield, its reliability and sustainability?

0.97%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SIM's dividend (0.97%) isn’t notable compared to the bottom 25% of dividend payers in the Danish market (1.14%).

High Dividend: SIM's dividend (0.97%) is low compared to the top 25% of dividend payers in the Danish market (3.08%).


Stability and Growth of Payments

Stable Dividend: SIM's dividend payments have been volatile in the past 10 years.

Growing Dividend: SIM's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (40.7%), SIM's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SIM's dividends in 3 years are forecast to be well covered by earnings (42.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.8yrs

Average management tenure


CEO

Christian Kromann (49 yo)

0.083

Tenure

€624,800

Compensation

Mr. Christian Peter Kromann has been the Chief Executive Officer of SimCorp A/S since September 02, 2021. He has been Chief Operating Officer and Member of Executive Management Board of SimCorp A/S since A...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Christian's total compensation is reasonable compared to companies of similar size in the Danish market.

Compensation vs Earnings: Insufficient data to compare Christian's compensation with company performance.


Leadership Team

Experienced Management: SIM's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: SIM's board of directors are considered experienced (4.1 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

SimCorp A/S's employee growth, exchange listings and data sources


Key Information

  • Name: SimCorp A/S
  • Ticker: SIM
  • Exchange: CPSE
  • Founded: 1971
  • Industry: Application Software
  • Sector: Software
  • Market Cap: kr.30.455b
  • Shares outstanding: 39.47m
  • Website: https://www.simcorp.com

Number of Employees


Location

  • SimCorp A/S
  • Weidekampsgade 16
  • Copenhagen S
  • Copenhagen
  • 2300
  • Denmark

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 21:30
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.