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BAS1

Basware OyjHLSE:BAS1V Stock Report

Market Cap

€479.9m

7D

-4.3%

1Y

-10.6%

Updated

23 Sep, 2021

Data

Company Financials +
BAS1V fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance0/6
Financial Health3/6
Dividends0/6

BAS1V Overview

Basware Oyj provides networked purchase-to-pay solutions, and e-invoicing and financing services in Finland and internationally.

Rewards

Trading at 48.9% below our estimate of its fair value

Earnings are forecast to grow 90.65% per year

Risk Analysis

No risks detected for BAS1V from our risk checks.

Basware Oyj Competitors

SAP

XTRA:SAP

€144.9b

Coupa Software

NasdaqGS:COUP

US$18.0b

Nuance Communications

NasdaqGS:NUAN

US$17.4b

PostNL

ENXTAM:PNL

€2.2b

Price History & Performance

Summary of all time highs, changes and price drops for Basware Oyj
Historical stock prices
Current Share Price€33.15
52 Week High€32.45
52 Week Low€43.85
Beta0.78
1 Month Change-15.54%
3 Month Change-11.72%
1 Year Change-10.65%
3 Year Change-6.88%
5 Year Change-15.86%
Change since IPO38.13%

Recent News & Updates

Shareholder Returns

BAS1VFI SoftwareFI Market
7D-4.3%2.4%1.4%
1Y-10.6%132.8%26.3%

Return vs Industry: BAS1V underperformed the Finnish Software industry which returned 129.2% over the past year.

Return vs Market: BAS1V underperformed the Finnish Market which returned 24.4% over the past year.

Price Volatility

Is BAS1V's price volatile compared to industry and market?
BAS1V volatility
BAS1V Beta0.78
Industry Beta1.2
Market Beta1

Stable Share Price: BAS1V is not significantly more volatile than the rest of Finnish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: BAS1V's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19851,340Klaus Andersenhttps://www.basware.com

Basware Oyj provides networked purchase-to-pay solutions, and e-invoicing and financing services in Finland and internationally. It offers analytics, travel and expense management, sourcing, and e-procurement solutions; and solutions for accounts receivable and payable. The company also provides financing services solutions, including Basware Discount, a solution that offers discount for early payment; and Basware Pay, a payment solution.

Basware Oyj Fundamentals Summary

How do Basware Oyj's earnings and revenue compare to its market cap?
BAS1V fundamental statistics
Market Cap€479.94m
Earnings (TTM)-€5.53m
Revenue (TTM)€151.88m

3.2x

P/S Ratio

-86.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BAS1V income statement (TTM)
Revenue€151.88m
Cost of Revenue€65.43m
Gross Profit€86.45m
Expenses€91.98m
Earnings-€5.53m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 19, 2021

Earnings per share (EPS)-0.38
Gross Margin56.92%
Net Profit Margin-3.64%
Debt/Equity Ratio86.0%

How did BAS1V perform over the long term?

See historical performance and comparison

Valuation

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

48.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BAS1V (€33.15) is trading below our estimate of fair value (€64.83)

Significantly Below Fair Value: BAS1V is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BAS1V is unprofitable, so we can't compare its PE Ratio to the Finnish Software industry average.

PE vs Market: BAS1V is unprofitable, so we can't compare its PE Ratio to the Finnish market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BAS1V's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BAS1V is good value based on its PB Ratio (5.9x) compared to the FI Software industry average (8.6x).


Future Growth

How is Basware Oyj forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

90.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BAS1V is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.2%).

Earnings vs Market: BAS1V is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BAS1V's is expected to become profitable in the next 3 years.

Revenue vs Market: BAS1V's revenue (12.7% per year) is forecast to grow faster than the Finnish market (3.7% per year).

High Growth Revenue: BAS1V's revenue (12.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BAS1V's Return on Equity is forecast to be low in 3 years time (12.9%).


Past Performance

How has Basware Oyj performed over the past 5 years?

-3.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BAS1V is currently unprofitable.

Growing Profit Margin: BAS1V is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BAS1V is unprofitable, and losses have increased over the past 5 years at a rate of 3.6% per year.

Accelerating Growth: Unable to compare BAS1V's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BAS1V is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (87.9%).


Return on Equity

High ROE: BAS1V has a negative Return on Equity (-6.78%), as it is currently unprofitable.


Financial Health

How is Basware Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: BAS1V's short term assets (€78.9M) exceed its short term liabilities (€57.8M).

Long Term Liabilities: BAS1V's short term assets (€78.9M) do not cover its long term liabilities (€88.2M).


Debt to Equity History and Analysis

Debt Level: BAS1V's debt to equity ratio (86%) is considered high.

Reducing Debt: BAS1V's debt to equity ratio has increased from 10% to 86% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable BAS1V has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: BAS1V is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 18.2% per year.


Dividend

What is Basware Oyj current dividend yield, its reliability and sustainability?

0.05%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BAS1V's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BAS1V'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 BAS1V's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BAS1V's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: BAS1V is not paying a notable dividend for the Finnish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BAS1V's dividend in 3 years as they are not forecast to pay a notable one for the Finnish market.


Next Steps

Management

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

2.4yrs

Average management tenure


CEO

Klaus Andersen (57 yo)

2.5yrs

Tenure

€519,000

Compensation

Mr. Klaus Andersen serves as the Chief Executive Officer at Basware Oyj since June 20, 2019 and was the Interim Chief Executive Officer since March 11, 2019 until June 20, 2019. He has been an Interim Chie...


CEO Compensation Analysis

Compensation vs Market: Klaus's total compensation ($USD609.08K) is about average for companies of similar size in the Finnish market ($USD811.71K).

Compensation vs Earnings: Klaus's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: BAS1V's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: BAS1V's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


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

Basware Oyj's employee growth, exchange listings and data sources


Key Information

  • Name: Basware Oyj
  • Ticker: BAS1V
  • Exchange: HLSE
  • Founded: 1985
  • Industry: Application Software
  • Sector: Software
  • Market Cap: €479.939m
  • Shares outstanding: 14.46m
  • Website: https://www.basware.com

Number of Employees


Location

  • Basware Oyj
  • Building Cello
  • Linnoitustie 2
  • Espoo
  • Uusimaa
  • 2601
  • Finland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 21:38
End of Day Share Price2021/09/23 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.