ENXTPA:ALPRO

Stock Analysis Report

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Executive Summary

Prodware engages in the publishing-integration and hosting of sectoral and business IT solutions in France and internationally. More Details


Snowflake Analysis

Very undervalued with solid track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ALPRO is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: ALPRO's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

2.5%

ALPRO

-2.1%

FR IT

0.3%

FR Market


1 Year Return

2.3%

ALPRO

12.1%

FR IT

-0.4%

FR Market

Return vs Industry: ALPRO underperformed the French IT industry which returned 12.3% over the past year.

Return vs Market: ALPRO exceeded the French Market which returned -0.3% over the past year.


Shareholder returns

ALPROIndustryMarket
7 Day2.5%-2.1%0.3%
30 Day16.6%12.3%12.7%
90 Day5.4%3.5%13.5%
1 Year2.3%2.3%12.7%12.1%1.3%-0.4%
3 Year-48.4%-48.9%26.7%15.0%17.9%8.2%
5 Year-16.2%-17.8%91.1%69.6%56.8%35.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ALPRO (€5.82) is trading below our estimate of fair value (€14.22)

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


Price To Earnings Ratio

PE vs Industry: ALPRO is good value based on its PE Ratio (4.4x) compared to the FR IT industry average (20.1x).

PE vs Market: ALPRO is good value based on its PE Ratio (4.4x) compared to the French market (21.5x).


Price to Earnings Growth Ratio

PEG Ratio: ALPRO is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: ALPRO is good value based on its PB Ratio (0.3x) compared to the FR IT industry average (2x).


Next Steps

Future Growth

How is Prodware forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

14.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALPRO's forecast earnings growth (14.9% per year) is above the savings rate (0.6%).

Earnings vs Market: ALPRO's earnings (14.9% per year) are forecast to grow slower than the French market (25.5% per year).

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

Revenue vs Market: ALPRO's revenue (1.6% per year) is forecast to grow slower than the French market (7.3% per year).

High Growth Revenue: ALPRO's revenue (1.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ALPRO's Return on Equity is forecast to be low in 3 years time (3.8%).


Next Steps

Past Performance

How has Prodware performed over the past 5 years?

8.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ALPRO has high quality earnings.

Growing Profit Margin: ALPRO's current net profit margins (5.3%) are higher than last year (3.7%).


Past Earnings Growth Analysis

Earnings Trend: ALPRO's earnings have grown by 8.4% per year over the past 5 years.

Accelerating Growth: ALPRO's earnings growth over the past year (48%) exceeds its 5-year average (8.4% per year).

Earnings vs Industry: ALPRO earnings growth over the past year (48%) exceeded the IT industry -2.1%.


Return on Equity

High ROE: ALPRO's Return on Equity (6.4%) is considered low.


Next Steps

Financial Health

How is Prodware's financial position?


Financial Position Analysis

Short Term Liabilities: ALPRO's short term assets (€100.7M) exceed its short term liabilities (€100.7M).

Long Term Liabilities: ALPRO's short term assets (€100.7M) do not cover its long term liabilities (€110.4M).


Debt to Equity History and Analysis

Debt Level: ALPRO's debt to equity ratio (79%) is considered high.

Reducing Debt: ALPRO's debt to equity ratio has increased from 51.9% to 79% over the past 5 years.

Debt Coverage: ALPRO's debt is well covered by operating cash flow (48.7%).

Interest Coverage: ALPRO's interest payments on its debt are well covered by EBIT (3.7x coverage).


Balance Sheet


Next Steps

Dividend

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

0.69%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ALPRO's dividend (0.69%) isn’t notable compared to the bottom 25% of dividend payers in the French market (1.44%).

High Dividend: ALPRO's dividend (0.69%) is low compared to the top 25% of dividend payers in the French market (4.78%).


Stability and Growth of Payments

Stable Dividend: ALPRO is not paying a notable dividend for the French market, therefore no need to check if payments are stable.

Growing Dividend: ALPRO is not paying a notable dividend for the French market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: ALPRO is not paying a notable dividend for the French market.


Future Payout to Shareholders

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


Next Steps

Management

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

€260k

CEO Compensation


CEO

Alain Conrard

no data

Tenure

€259,903

Compensation

Mr. Alain Conrard has been the Chief Executive Officer and Director of Prodware since 2003 and also serves as its Managing Director.


CEO Compensation Analysis

Compensation vs Market: Alain's total compensation ($USD315.42K) is about average for companies of similar size in the French market ($USD268.83K).

Compensation vs Earnings: Alain's compensation has increased by more than 20% in the past year.


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

Prodware's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Prodware
  • Ticker: ALPRO
  • Exchange: ENXTPA
  • Founded: 1989
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: €42.287m
  • Shares outstanding: 7.37m
  • Website: https://www.prodware.fr

Number of Employees


Location

  • Prodware
  • 45, quai de la Seine
  • Paris
  • Ile-de-France
  • 75019
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALPROENXTPA (Euronext Paris)YesOrdinary SharesFREURApr 2006

Biography

Prodware engages in the publishing-integration and hosting of sectoral and business IT solutions in France and internationally. It offers software solutions for accounting and financial management, payroll...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/04 19:40
End of Day Share Price2020/12/04 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.