ENXTPA:ALTBG

Stock Analysis Report

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Executive Summary

The Blockchain Group develops and markets blockchain technologies in France and internationally. More Details


Snowflake Analysis

Adequate balance sheet with questionable track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ALTBG is more volatile than 90% of French stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: ALTBG's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of French stocks.


Market Performance


7 Day Return

1.9%

ALTBG

-2.1%

FR Software

0.9%

FR Market


1 Year Return

757.7%

ALTBG

23.7%

FR Software

13.7%

FR Market

Return vs Industry: ALTBG exceeded the French Software industry which returned 22% over the past year.

Return vs Market: ALTBG exceeded the French Market which returned 10.6% over the past year.


Shareholder returns

ALTBGIndustryMarket
7 Day1.9%-2.1%0.9%
30 Day-8.7%-1.0%2.6%
90 Day34.2%10.4%2.9%
1 Year757.7%757.7%24.3%23.7%16.3%13.7%
3 Yearn/a55.2%52.6%21.3%10.3%
5 Year127.6%75.6%151.0%142.7%62.3%37.1%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

10.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ALTBG (€1.84) is trading below our estimate of fair value (€2.07)

Significantly Below Fair Value: ALTBG is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: ALTBG is poor value based on its PE Ratio (26724.6x) compared to the FR Software industry average (63.7x).

PE vs Market: ALTBG is poor value based on its PE Ratio (26724.6x) compared to the French market (23.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ALTBG is overvalued based on its PB Ratio (301.7x) compared to the FR Software industry average (3.9x).


Next Steps

Future Growth

How is Blockchain Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

37.7%

Forecasted Software industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Blockchain Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Blockchain Group performed over the past 5 years?

44.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ALTBG has a large one-off loss of €112.0K impacting its June 30 2020 financial results.

Growing Profit Margin: ALTBG became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ALTBG has become profitable over the past 5 years, growing earnings by 44.7% per year.

Accelerating Growth: ALTBG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ALTBG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Software industry (-13.8%).


Return on Equity

High ROE: ALTBG's Return on Equity (12.4%) is considered low.


Next Steps

Financial Health

How is Blockchain Group's financial position?


Financial Position Analysis

Short Term Liabilities: ALTBG's short term assets (€7.2M) exceed its short term liabilities (€7.0M).

Long Term Liabilities: ALTBG's short term assets (€7.2M) exceed its long term liabilities (€5.1M).


Debt to Equity History and Analysis

Debt Level: ALTBG's debt to equity ratio (291.5%) is considered high.

Reducing Debt: ALTBG's debt to equity ratio has increased from 17.6% to 291.5% over the past 5 years.

Debt Coverage: ALTBG's debt is well covered by operating cash flow (24%).

Interest Coverage: ALTBG's interest payments on its debt are well covered by EBIT (10x coverage).


Balance Sheet


Next Steps

Dividend

What is Blockchain Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ALTBG'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?

2.8yrs

Average management tenure


CEO

Xavier Latil

2.75yrs

Tenure

Mr. Xavier Latil serves as Chief Executive Officer at The Blockchain Group since June 2018 and serves as its Managing Director and Director. Mr. Latil serves as the Chief Executive Officer at LeadMedia Gro...


Leadership Team

NamePositionTenureCompensationOwnership
Xavier Latil
CEO, MD & Director2.75yrsno datano data
Cédric de Lavalette
Chief Financial Officerno datano datano data
Maxime Vanmeerbeck
Chief Technology Officerno datano datano data
Lia Almeida
Vice President of Marketing & Communication2.75yrsno datano data
Charles Kremer
Managing Director2.08yrsno datano data

2.8yrs

Average Tenure

Experienced Management: ALTBG's management team is considered experienced (2.8 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 been diluted in the past year, with total shares outstanding growing by 19.1%.


Top Shareholders

Company Information

The Blockchain Group's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: The Blockchain Group
  • Ticker: ALTBG
  • Exchange: ENXTPA
  • Founded: NaN
  • Industry: Application Software
  • Sector: Software
  • Market Cap: €57.182m
  • Shares outstanding: 31.25m
  • Website: https://theblockchain-group.com

Number of Employees


Location

  • The Blockchain Group
  • 8 Rue Barthelemy Danjou
  • Boulogne-Billancourt
  • Ile-de-France
  • 92100
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALTBGENXTPA (Euronext Paris)YesCommon SharesFREURJul 2011
BC7DB (Deutsche Boerse AG)YesCommon SharesDEEURJul 2011

Biography

The Blockchain Group develops and markets blockchain technologies in France and internationally. The company is based in Boulogne-Billancourt, France.


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/05 18:38
End of Day Share Price2021/03/05 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.