HLSE:BAS1V

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Mediocre balance sheet and slightly overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-2.0%

BAS1V

1.0%

FI Software

0.8%

FI Market


1 Year Return

-21.6%

BAS1V

17.1%

FI Software

5.5%

FI Market

Return vs Industry: BAS1V underperformed the Finnish Software industry which returned 17.1% over the past year.

Return vs Market: BAS1V underperformed the Finnish Market which returned 5.5% over the past year.


Shareholder returns

BAS1VIndustryMarket
7 Day-2.0%1.0%0.8%
30 Day-17.0%-3.3%0.6%
90 Day7.4%7.1%2.7%
1 Year-21.6%-21.6%17.9%17.1%10.4%5.5%
3 Year-48.0%-48.0%-9.0%-12.3%29.6%14.2%
5 Year-49.7%-49.8%1.7%-4.0%62.9%31.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

34.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: BAS1V (€19.06) is trading below our estimate of fair value (€29.25)

Significantly Undervalued: BAS1V is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BAS1V is unprofitable, so we can't compare its PE Ratio to the 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

Low 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 (2.8x) compared to the FI Software industry average (4.7x).


Next Steps

Future Growth

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

69.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BAS1V is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: BAS1V is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: BAS1V is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: BAS1V's revenue (9.4% per year) is forecast to grow faster than the Finnish market (2.1% per year).

High Growth Revenue: BAS1V's revenue (9.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: BAS1V is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Basware Oyj performed over the past 5 years?

-54.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BAS1V is unprofitable, and losses have increased over the past 5 years at a rate of -54.7% 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 (9.1%).


Return on Equity

High ROE: BAS1V has a negative Return on Equity (-25.9%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: BAS1V is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: BAS1V is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Basware Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: BAS1V's short term assets (€102.4M) exceeds its short term liabilities (€61.9M)

Long Term Liabilities: BAS1V's short term assets (102.4M) exceeds its long term liabilities (96.9M)


Debt to Equity History and Analysis

Debt Level: BAS1V's debt to equity ratio (89.3%) is considered high

Reducing Debt: BAS1V's debt to equity ratio has increased from 5% to 89.3% over the past 5 years.


Balance Sheet

Inventory Level: BAS1V has a low level of unsold assets or inventory.

Debt Coverage by Assets: BAS1V's debt is covered by short term assets (assets are 1.172320x debt).


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: BAS1V has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if BAS1V has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%2.2%markettop25%5.1%industryaverage1.4%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

What is the CEO of Basware Oyj's salary, the management and board of directors tenure and is there insider trading?

2.4yrs

Average management tenure


CEO

Klaus Andersen (55yo)

0.6yrs

Tenure

0

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. Mr. Andersen joined Basware ...


Management Age and Tenure

2.4yrs

Average Tenure

50yo

Average Age

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


Board Age and Tenure

1.6yrs

Average Tenure

52yo

Average Age

Experienced Board: BAS1V's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


Insider Trading

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


Ownership Breakdown


Management Team

  • Paul Taylor (62yo)

    Chief Revenue Officer

    • Tenure: 3.3yrs
  • Niclas Rosenlew (47yo)

    • Tenure: 0.4yrs
  • Jane Broberg (53yo)

    Chief HR Officer

    • Tenure: 4.3yrs
  • Lars Madsen (45yo)

    Chief Marketing Officer

    • Tenure: 3.8yrs
  • Klaus Andersen (55yo)

    Chief Executive Officer

    • Tenure: 0.6yrs
  • Ben Selby

    Vice President of IR & Treasury

    • Tenure: 0yrs
  • Jussi Vasama (45yo)

    Chief Customer Officer

    • Tenure: 2.4yrs
  • Jukka Jänönen

    Director of Corporate Communications

    • Tenure: 0yrs
  • Sami Takila

    General Counsel

    • Tenure: 0yrs
  • Tuija Mäntyniemi

    Interim Chief Financial Officer VP of Group Controlling

    • Tenure: 0.4yrs

Board Members

  • Asko Schrey (62yo)

    Director

    • Tenure: 1.6yrs
  • Daryl Rolley (52yo)

    Director

    • Tenure: 1.6yrs
  • Ilkka Sihvo (57yo)

    Chairman

    • Tenure: 0yrs
  • Michael Ingelög (48yo)

    Vice Chairman

    • Tenure: 1.6yrs
  • David Bateman (45yo)

    Director

    • Tenure: 3.8yrs

Company Information

Basware Oyj's company bio, 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: €274.419m
  • Shares outstanding: 14.40m
  • Website: https://www.basware.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BAS1VHLSE (OMX Nordic Exchange Helsinki)YesShare CapitalFIEURFeb 2000
0DP4LSE (London Stock Exchange)YesShare CapitalGBEURFeb 2000
BWVDB (Deutsche Boerse AG)YesShare CapitalDEEURFeb 2000
BAS1VHBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBEURFeb 2000

Biography

Basware Oyj provides networked purchase-to-pay solutions, and e-invoicing and financing services for organizations in Finland and internationally. It offers analytics and business consulting solutions; AP  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 20:42
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.