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ALVI

Visiativ ENXTPA:ALVIV Stock Report

Last Price

€34.65

Market Cap

€154.6m

7D

0.7%

1Y

73.7%

Updated

18 May, 2022

Data

Company Financials +
ALVIV fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance3/6
Financial Health3/6
Dividends0/6

ALVIV Stock Overview

Visiativ SA engages in the consulting, software publishing and integration, cloud infrastructure, and rapid manufacturing businesses.

Visiativ Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Visiativ
Historical stock prices
Current Share Price€34.65
52 Week High€38.30
52 Week Low€19.05
Beta1.28
1 Month Change4.37%
3 Month Change23.75%
1 Year Change73.68%
3 Year Change50.65%
5 Year Change-1.76%
Change since IPO228.44%

Recent News & Updates

Apr 23
There Are Reasons To Feel Uneasy About Visiativ's (EPA:ALVIV) Returns On Capital

There Are Reasons To Feel Uneasy About Visiativ's (EPA:ALVIV) Returns On Capital

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Oct 25
We Think Visiativ (EPA:ALVIV) Can Stay On Top Of Its Debt

We Think Visiativ (EPA:ALVIV) Can Stay On Top Of Its Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

ALVIVFR ITFR Market
7D0.7%5.0%5.1%
1Y73.7%-9.6%-2.6%

Return vs Industry: ALVIV exceeded the French IT industry which returned -9.6% over the past year.

Return vs Market: ALVIV exceeded the French Market which returned -2.6% over the past year.

Price Volatility

Is ALVIV's price volatile compared to industry and market?
ALVIV volatility
ALVIV Average Weekly Movement5.7%
IT Industry Average Movement6.3%
Market Average Movement6.2%
10% most volatile stocks in FR Market10.6%
10% least volatile stocks in FR Market3.6%

Stable Share Price: ALVIV is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ALVIV's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19871,057Laurent Fiardhttps://www.visiativ.com

Visiativ SA engages in the consulting, software publishing and integration, cloud infrastructure, and rapid manufacturing businesses. The company offers Moovapps platform, which provides vertical offers, such as myCADservices for consultancy firms, iPorta for intelligent buildings, and Aquarelle for nomad sales; outsourced IT solutions comprising maintenance, IT security, and user assistance, as well as value-added hosting solutions; consulting services; and support services for design and manufacture of prototypes, and the manufacture of small and medium high-quality series. It also provides high-speed digital transformation services, consisting of Fast Pass IT Consulting, an audit and customer support solution; 3D Continuity, a diagnosis to evaluate the digital continuity in business chain value; and CIR 360, an online diagnosis solution.

Visiativ Fundamentals Summary

How do Visiativ's earnings and revenue compare to its market cap?
ALVIV fundamental statistics
Market Cap€154.59m
Earnings (TTM)€6.86m
Revenue (TTM)€207.61m

22.0x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ALVIV income statement (TTM)
Revenue€207.61m
Cost of Revenue€186.66m
Gross Profit€20.96m
Other Expenses€14.09m
Earnings€6.86m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.57
Gross Margin10.09%
Net Profit Margin3.31%
Debt/Equity Ratio180.9%

How did ALVIV perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: ALVIV (€34.65) is trading below our estimate of fair value (€105.02)

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


Price To Earnings Ratio

PE vs Industry: ALVIV is good value based on its PE Ratio (22x) compared to the French IT industry average (23.1x).

PE vs Market: ALVIV is poor value based on its PE Ratio (22x) compared to the French market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: ALVIV is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: ALVIV's PB Ratio (2.8x) is in line with the FR IT industry average.


Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


27.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALVIV's forecast earnings growth (27.6% per year) is above the savings rate (0.3%).

Earnings vs Market: ALVIV's earnings (27.6% per year) are forecast to grow faster than the French market (11.8% per year).

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

Revenue vs Market: ALVIV's revenue (6.6% per year) is forecast to grow faster than the French market (5.8% per year).

High Growth Revenue: ALVIV's revenue (6.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ALVIV's Return on Equity is forecast to be low in 3 years time (19.1%).


Past Performance

How has Visiativ performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-3.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ALVIV has a large one-off loss of €4.5M impacting its June 30 2021 financial results.

Growing Profit Margin: ALVIV's current net profit margins (3.3%) are higher than last year (0.9%).


Past Earnings Growth Analysis

Earnings Trend: ALVIV's earnings have declined by 3.4% per year over the past 5 years.

Accelerating Growth: ALVIV's earnings growth over the past year (284.5%) exceeds its 5-year average (-3.4% per year).

Earnings vs Industry: ALVIV earnings growth over the past year (284.5%) exceeded the IT industry 22%.


Return on Equity

High ROE: ALVIV's Return on Equity (11.1%) is considered low.


Financial Health

How is Visiativ's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ALVIV's short term assets (€124.4M) exceed its short term liabilities (€80.6M).

Long Term Liabilities: ALVIV's short term assets (€124.4M) exceed its long term liabilities (€97.2M).


Debt to Equity History and Analysis

Debt Level: ALVIV's net debt to equity ratio (85.1%) is considered high.

Reducing Debt: ALVIV's debt to equity ratio has increased from 55.4% to 180.9% over the past 5 years.

Debt Coverage: ALVIV's debt is not well covered by operating cash flow (9.9%).

Interest Coverage: ALVIV's interest payments on its debt are well covered by EBIT (8.6x coverage).


Balance Sheet


Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.86%

Forecast Dividend Yield

Dividend Yield vs Market

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

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

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ALVIV has not reported any payouts.


Next Steps

Management

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

2.5yrs

Average management tenure


CEO

Laurent Fiard

no data

Tenure

€346,603

Compensation

Mr. Laurent Fiard serves as Co-Founder, CEO & Director at Visiativ SA since 2021. Mr. Fiard served as Director at Visiativ SA and served as its Chairman of the Board of Directors since April 18, 1997 until...


CEO Compensation Analysis

Compensation vs Market: Laurent's total compensation ($USD363.73K) is about average for companies of similar size in the French market ($USD385.17K).

Compensation vs Earnings: Laurent's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ALVIV's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: ALVIV's board of directors are considered experienced (8.2 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 10.4%.


Top Shareholders

Company Information

Visiativ SA's employee growth, exchange listings and data sources


Key Information

  • Name: Visiativ SA
  • Ticker: ALVIV
  • Exchange: ENXTPA
  • Founded: 1987
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Implied Market Cap: €154.592m
  • Shares outstanding: 4.37m
  • Website: https://www.visiativ.com

Number of Employees


Location

  • Visiativ SA
  • 26, rue BenoIt Bennier
  • Charbonnieres-les-Bains
  • Rhône-Alpes
  • 69260
  • France

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/18 00:00
End of Day Share Price2022/05/18 00:00
Earnings2021/06/30
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.