ENXTPA:ALTBG

Stock Analysis Report

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Market Cap

€56.6m

Last Updated

2021/06/14 22:49 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

Exceptional growth potential with acceptable 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 75% of French stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: ALTBG's weekly volatility has decreased from 18% to 8% over the past year, but is still higher than 75% of French stocks.


Market Performance


7 Day Return

4.7%

ALTBG

3.2%

FR Software

1.3%

FR Market


1 Year Return

577.0%

ALTBG

33.7%

FR Software

37.2%

FR Market

Return vs Industry: ALTBG exceeded the French Software industry which returned 33.7% over the past year.

Return vs Market: ALTBG exceeded the French Market which returned 37.2% over the past year.


Shareholder returns

ALTBGIndustryMarket
7 Day4.7%3.2%1.3%
30 Day5.2%5.1%4.1%
90 Day-9.8%9.8%10.1%
1 Year577.0%577.0%34.1%33.7%41.3%37.2%
3 Year1,228.9%954.5%58.3%55.9%34.0%23.0%
5 Year114.8%65.7%185.3%176.8%85.5%58.5%

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?

46.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ALTBG (€1.74) is trading below our estimate of fair value (€3.22)

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


Price To Earnings Ratio

PE vs Industry: ALTBG is poor value based on its PE Ratio (73.9x) compared to the French Software industry average (63.9x).

PE vs Market: ALTBG is poor value based on its PE Ratio (73.9x) compared to the French market (23.7x).


Price to Earnings Growth Ratio

PEG Ratio: ALTBG is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: ALTBG is overvalued based on its PB Ratio (73.6x) compared to the FR Software industry average (3.7x).


Future Growth

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

46.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALTBG's forecast earnings growth (46.5% per year) is above the savings rate (0.4%).

Earnings vs Market: ALTBG's earnings (46.5% per year) are forecast to grow faster than the French market (19.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ALTBG's revenue (38.5% per year) is forecast to grow faster than the French market (6.9% per year).

High Growth Revenue: ALTBG's revenue (38.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ALTBG's Return on Equity is forecast to be very high in 3 years time (48.7%).


Past Performance

How has Blockchain Group performed over the past 5 years?

55.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ALTBG has a high level of non-cash earnings.

Growing Profit Margin: ALTBG's current net profit margins (8.5%) are lower than last year (8.6%).


Past Earnings Growth Analysis

Earnings Trend: ALTBG has become profitable over the past 5 years, growing earnings by 55.8% per year.

Accelerating Growth: ALTBG's earnings growth over the past year (241.8%) exceeds its 5-year average (55.8% per year).

Earnings vs Industry: ALTBG earnings growth over the past year (241.8%) exceeded the Software industry 17.2%.


Return on Equity

High ROE: Whilst ALTBG's Return on Equity (53.45%) is outstanding, this metric is skewed due to their high level of debt.


Financial Health

How is Blockchain Group's financial position?


Financial Position Analysis

Short Term Liabilities: ALTBG's short term assets (€7.9M) do not cover its short term liabilities (€11.7M).

Long Term Liabilities: ALTBG's short term assets (€7.9M) exceed its long term liabilities (€912.0K).


Debt to Equity History and Analysis

Debt Level: ALTBG's debt to equity ratio (123.3%) is considered high.

Reducing Debt: ALTBG's debt to equity ratio has increased from 21% to 123.3% over the past 5 years.

Debt Coverage: ALTBG's debt is well covered by operating cash flow (25.1%).

Interest Coverage: Insufficient data to determine if ALTBG's interest payments on its debt are well covered by EBIT.


Balance Sheet


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?

3.0yrs

Average management tenure


CEO

Xavier Latil

3yrs

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

Experienced Management: ALTBG's management team is considered experienced (3 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 13.4%.


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: €56.621m
  • Shares outstanding: 32.54m
  • Website: https://theblockchain-group.com

Number of Employees


Location

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

Listings


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 Analysis2021/06/14 22:49
End of Day Share Price2021/06/14 00:00
Earnings2020/12/31
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.