Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €63.58, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Professional Services industry in France. Total loss to shareholders of 57% over the past three years. Price Target Changed • Mar 24
Price target decreased by 7.9% to €81.87 Down from €88.93, the current price target is an average from 15 analysts. New target price is 78% above last closing price of €46.05. Stock is down 51% over the past year. The company is forecast to post earnings per share of €9.38 for next year compared to €8.48 last year. Announcement • Mar 23
Teleperformance SE(ENXTPA:TEP) dropped from FTSE All-World Index (USD) Teleperformance SE(ENXTPA:TEP) dropped from FTSE All-World Index (USD) Declared Dividend • Mar 05
Dividend increased to €4.50 Dividend of €4.50 is 7.1% higher than last year. Ex-date: 26th May 2026 Payment date: 28th May 2026 Dividend yield will be 7.7%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 27
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: €8.47 (down from €8.76 in FY 2024). Revenue: €10.2b (flat on FY 2024). Net income: €497.0m (down 5.0% from FY 2024). Profit margin: 4.9% (down from 5.1% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.2%. Revenue is forecast to stay flat during the next 3 years compared to a 3.4% growth forecast for the Professional Services industry in France. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 41% per year, which means it is performing significantly worse than earnings. Announcement • Jan 13
Teleperformance SE to Report Fiscal Year 2025 Results on Feb 26, 2026 Teleperformance SE announced that they will report fiscal year 2025 results at 5:40 PM, Central European Standard Time on Feb 26, 2026 Announcement • Nov 06
Teleperformance SE Updates Earnings Guidance for the Year 2025 Teleperformance SE updated earnings guidance for the year 2025. For the year, the company expects Group LFL revenue growth between +1.0% and +2.0% (vs. the lower end of the +2% to +4% range). Announcement • Nov 05
Teleperformance SE to Report Fiscal Year 2025 Results on Feb 26, 2026 Teleperformance SE announced that they will report fiscal year 2025 results on Feb 26, 2026 Major Estimate Revision • Aug 08
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €10.5b to €10.3b. EPS estimate also fell from €11.25 per share to €10.09 per share. Net income forecast to grow 38% next year vs 0.1% growth forecast for Professional Services industry in France. Consensus price target down from €132 to €120. Share price rose 3.4% to €70.32 over the past week. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €68.00, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 15x in the Professional Services industry in France. Total loss to shareholders of 76% over the past three years. Price Target Changed • Aug 06
Price target decreased by 8.2% to €121 Down from €132, the current price target is an average from 15 analysts. New target price is 78% above last closing price of €68.00. Stock is down 35% over the past year. The company is forecast to post earnings per share of €10.17 for next year compared to €8.76 last year. New Risk • Aug 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (93% net debt to equity). Share price has been volatile over the past 3 months (6.2% average weekly change). Reported Earnings • Aug 01
First half 2025 earnings released: EPS: €4.21 (vs €4.85 in 1H 2024) First half 2025 results: EPS: €4.21 (down from €4.85 in 1H 2024). Revenue: €5.12b (flat on 1H 2024). Net income: €249.0m (down 14% from 1H 2024). Profit margin: 4.9% (down from 5.7% in 1H 2024). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Professional Services industry in France. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 40% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €78.54, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Professional Services industry in France. Total loss to shareholders of 69% over the past three years. Upcoming Dividend • May 19
Upcoming dividend of €4.20 per share Eligible shareholders must have bought the stock before 26 May 2025. Payment date: 28 May 2025. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of French dividend payers (5.4%). Higher than average of industry peers (3.6%). Announcement • Apr 30
Teleperformance SE to Report First Half, 2025 Results on Jul 31, 2025 Teleperformance SE announced that they will report first half, 2025 results on Jul 31, 2025 Announcement • Apr 10
Teleperformance SE, Annual General Meeting, May 22, 2025 Teleperformance SE, Annual General Meeting, May 22, 2025. Location: cloud business center, 10 bis rue du quatre septembre, paris France Major Estimate Revision • Mar 09
Consensus EPS estimates fall by 15%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from €10.7b to €10.8b. EPS estimate fell from €13.94 to €11.86 per share. Net income forecast to grow 34% next year vs 13% growth forecast for Professional Services industry in France. Consensus price target broadly unchanged at €139. Share price rose 11% to €103 over the past week. Declared Dividend • Mar 03
Dividend increased to €4.20 Dividend of €4.20 is 9.1% higher than last year. Ex-date: 26th May 2025 Payment date: 28th May 2025 Dividend yield will be 4.5%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 72% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 01
Teleperformance SE announces Annual dividend, payable on May 28, 2025 Teleperformance SE announced Annual dividend of EUR 4.2000 per share payable on May 28, 2025, ex-date on May 26, 2025 and record date on May 27, 2025. Reported Earnings • Feb 28
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: €8.76 (down from €10.27 in FY 2023). Revenue: €10.3b (up 23% from FY 2023). Net income: €523.0m (down 13% from FY 2023). Profit margin: 5.1% (down from 7.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in France. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €99.60, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Professional Services industry in France. Total loss to shareholders of 70% over the past three years. Reported Earnings • Aug 01
First half 2024 earnings released: EPS: €4.85 (vs €4.64 in 1H 2023) First half 2024 results: EPS: €4.85 (up from €4.64 in 1H 2023). Revenue: €5.08b (up 28% from 1H 2023). Net income: €291.0m (up 7.4% from 1H 2023). Profit margin: 5.7% (down from 6.8% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Professional Services industry in France. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €114, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Professional Services industry in France. Total loss to shareholders of 65% over the past three years. Upcoming Dividend • May 21
Upcoming dividend of €3.85 per share Eligible shareholders must have bought the stock before 28 May 2024. Payment date: 30 May 2024. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of French dividend payers (5.2%). Higher than average of industry peers (3.0%). Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €99.58, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Professional Services industry in France. Total loss to shareholders of 67% over the past three years. Announcement • May 03
Teleperformance Se Provides Earnings Guidance for the Full Year 2024 Teleperformance SE provided earnings guidance for the full year 2024. for the year, the company expects pro-forma revenue growth of +2% to +4%. Announcement • May 01
Teleperformance SE to Report First Half, 2024 Results on Jul 30, 2024 Teleperformance SE announced that they will report first half, 2024 results on Jul 30, 2024 Price Target Changed • Mar 28
Price target decreased by 7.9% to €164 Down from €178, the current price target is an average from 17 analysts. New target price is 81% above last closing price of €90.68. Stock is down 59% over the past year. The company is forecast to post earnings per share of €12.16 for next year compared to €10.27 last year. Price Target Changed • Mar 11
Price target decreased by 8.5% to €178 Down from €195, the current price target is an average from 17 analysts. New target price is 108% above last closing price of €86.00. Stock is down 61% over the past year. The company is forecast to post earnings per share of €12.65 for next year compared to €10.27 last year. New Risk • Mar 08
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 88% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (88% net debt to equity). Share price has been volatile over the past 3 months (9.4% average weekly change). Shareholders have been diluted in the past year (4.1% increase in shares outstanding). Announcement • Mar 07
Teleperformance SE Recommends Dividend for 2023, Payable on May 30, 2024 Teleperformance SE announced Board of Directors will recommend that shareholders at the Annual General Meeting on May 23, 2024 approve a 2023 dividend of €3.85 per share, unchanged from the amount paid in respect of 2022. This would correspond to a payout ratio of 38%. Ex-dividend date: May 28, 2024. Dividend payment: May 30, 2024. Reported Earnings • Mar 07
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: €10.27 (down from €10.95 in FY 2022). Revenue: €8.35b (up 2.4% from FY 2022). Net income: €602.0m (down 6.7% from FY 2022). Profit margin: 7.2% (down from 7.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 7.2%. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Professional Services industry in France. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Announcement • Mar 07
Teleperformance SE Provides Earnings Guidance for the First Quarter and Year 2024 Teleperformance SE provided earnings guidance for the first quarter and year 2024. For the year, the company expects Like-for-like revenue growth of +2% to +4%.For the quarter, Revenue growth is likely to remain limited in the first quarter of 2024, given the highly unfavorable comparatives and the persistently volatile environment. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €111, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Professional Services industry in France. Total loss to shareholders of 61% over the past three years. Announcement • Feb 16
Teleperformance Se Announces to Appoint Bhupender Singh as Sole Chief Executive Officer, Starting January 1, 2026 Teleperformance SE announced to implements a new governance organization and it also represents a step towards the separation, starting January 1, 2026, of the roles of Chairman of the Board and Chief Executive Officer. On such date, Bhupender Singh will be appointed as sole Chief Executive Officer. Announcement • Jan 26
Teleperformance Launches Digital Services Arm, TP Infinity, to Better Serve Clients Globally Through Consulting, Design and System Integration Services Teleperformance announced the launch of its global digital consulting arm, TP Infinity, designed to deliver a holistic approach to building stronger brands through enhanced customer experience (CX). TP Infinity seeks to address the growing client demand for an integrated approach to CX transformation in today’s experience-led economy. Its comprehensive portfolio spans consulting, technology, data analytics, design and creative services, combining Teleperformance’s growing, global digital CX and transformation services with three independent digital companies integrated through Teleperformance’s recent acquisition of Majorel. These include: IST Networks, a CX technology reseller, system integrator and managed service provider based in Egypt, with operations in Saudi Arabia, UAE and broader EMEA; Findasense, a digital marketing agency based in Spain, with operations in Mexico, Colombia and rest of Latin America; and Junokai, a CX consulting firm based in Germany. TP Infinity team members will support their own clients and work seamlessly in partnership with Teleperformance teams and their clients to enable faster, more efficient and improved business processes that deliver enhanced experiences for customers. TP Infinity is comprised of a diverse team of more than 650 strategists, data lovers, tech enthusiasts, creative masterminds and operations gurus operating in 15 countries across North America, South America, Europe, and Asia who are united by a common purpose: to push the boundaries of CX. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €150, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Professional Services industry in France. Total loss to shareholders of 44% over the past three years. New Risk • Jan 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (52% net debt to equity). Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Announcement • Jan 09
Teleperformance SE, Annual General Meeting, May 23, 2024 Teleperformance SE, Annual General Meeting, May 23, 2024. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €99.10, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Professional Services industry in France. Total loss to shareholders of 60% over the past three years. Announcement • Oct 18
Teleperformance Launches TP Configuration, an Ai-Driven Platform to Enhance Service Delivery Teleperformance SE announced it has launched a new AI-driven digital solution for clients that enables faster, more efficient, and improved business processes. TP Configuration is an integrated, unified and scalable platform for managing the end-to-end agent lifecycle and improving operational performance. A complete application suite, TP Configuration supports more efficient back-office operations for enhanced customer care, bringing together scattered processes under a single sign-on platform to deliver a 360-degree view of agent performance, the operations floor and customer inquiries. Teleperformance clients using TP Configuration in their programs have seen significant efficiency, accuracy and customer experience benefits across a variety of industries. Programs have experienced up to 35% improvement in turnaround time, up to 40% reduction in customer escalations, and benefited from real-time insights into agent and customer interactions. TP Configuration's single-source platform includes near real-time monitoring and service-level reporting dashboards that deliver a comprehensive view to program operations, including quality management review and auditing, an intelligent workflow process that captures end-to-end tracking and provides automated audit flow; a system to help forecast labor needs and identify attrition risk; and more. Announcement • Oct 05
Teleperformance Joins the AI Lighthouse Program Teleperformance announced it is joining the AI Lighthouse program. Teleperformance will collaborate on the design, development, and deployment of new industry specific generative AI (GenAI) use cases that boost productivity and increase customer and employee satisfaction across front- and back-office capabilities in Customer Service Management (CSM) and IT Service Management (ITSM). Announced in July 2023, AI Lighthouse is a first-of-its kind program to fast-track the development and adoption of enterprise GenAI capabilities. Teleperformance's participation complements the company's launch of TEP GenAI earlier this year. Teleperformance brings de [4]ep experience in CX consultancy, GenAI, engineering, and development to AI Lighthouse. The company's initial focus will be to design and develop new GenAI models to support agent interaction with customers. As the most critical part of customer care, Teleperformance will look to automate therapeutic agent tasks such as case summarization, next steps, and knowledge management for their customer service agents within the AI Lighthouse program. Price Target Changed • Sep 27
Price target decreased by 12% to €219 Down from €250, the current price target is an average from 16 analysts. New target price is 92% above last closing price of €114. Stock is down 56% over the past year. The company is forecast to post earnings per share of €11.59 for next year compared to €10.95 last year. Announcement • Sep 13
Teleperformance Launches AI maturity Assessment Toolkit to Help Companies Evaluate Strategies for AI Success Teleperformance announced it has launched an Artificial Intelligence (AI) Maturity Assessment Toolkit to help companies understand the capabilities necessary to successfully implement AI to help transform their organization for employees, customers and other key stakeholders. The free AI Maturity Survey is designed to help organizations understand not only the capabilities required for success, but the right combinations of capabilities across data readiness, operational strategies, infrastructure, talent and more. Developed by Teleperformance's AI Solutions Team, the AI Maturity Toolkit benchmarks an organization's AI capabilities across six key pillars that Teleperformance has identified as being critical to integrate AI with high success. This includes data readiness and integration, technology infrastructure, talent and expertise, deployment efficacy, strategy and culture, and continuous improvement. Survey respondents will receive a report benchmarking where their organization is in their AI journey, which they can use to help facilitate discussions within their organization. Teleperformance will also provide a consultation with an AI operations expert. Price Target Changed • Aug 07
Price target decreased by 8.3% to €253 Down from €276, the current price target is an average from 15 analysts. New target price is 102% above last closing price of €126. Stock is down 60% over the past year. The company is forecast to post earnings per share of €11.50 for next year compared to €10.95 last year. Announcement • Aug 03
Teleperformance SE (ENXTPA:TEP) announces an Equity Buyback for €500 million worth of its shares. Teleperformance SE (ENXTPA:TEP) announces a share repurchase program. Under the program, the company will repurchase €500 million worth of its shares. The purpose of the repurchase program is to maintain its financial flexibility and to pursue other attractive acquisition opportunities. The repurchased shares will be cancelled. The program will be valid till December 31, 2024. Reported Earnings • Jul 28
First half 2023 earnings released: EPS: €4.64 (vs €4.67 in 1H 2022) First half 2023 results: EPS: €4.64 (down from €4.67 in 1H 2022). Revenue: €3.96b (flat on 1H 2022). Net income: €271.0m (down 1.1% from 1H 2022). Profit margin: 6.8% (down from 6.9% in 1H 2022). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Professional Services industry in France. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Jun 27
Teleperformance SE Announces Executive Changes Teleperformance SE announced the appointment of Teri O’Brien as Chief Legal and Compliance Officer, effective on July 1, 2023. O’Brien will succeed Chief Legal and Compliance Officer Leigh Ryan, who is retiring on that date. O’Brien joined Teleperformance on May 15, 2023 as Incoming Chief Legal and Compliance Officer and has been working closely with Ryan since then to ensure a smooth transition. Ryan is retiring after more than six years at Teleperformance. Before that, she served as external counsel to Teleperformance Group for 25 years. In her new role, O’Brien will be responsible for all aspects of the Legal, Compliance and Privacy departments, and will sit on Teleperformance’s executive committee. Prior to joining Teleperformance, O’Brien served for many years as external US counsel to Teleperformance, most recently as a partner at Latham & Watkins LLP and, before that, at Paul Hastings LLP, specializing in mergers and acquisitions and corporate securities matters. O’Brien has a Doctor of Law from the University of San Diego Law School, and a Bachelor of Science, Accounting, from San Diego State University. O’Brien is a member of the California bar and is a Certified Public Accountant.