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Atos

ENXTPA:ATO
Snowflake Description

Good value with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ATO
ENXTPA
€10B
Market Cap
  1. Home
  2. FR
  3. Software
Company description

Atos SE provides information technology services and solutions worldwide. The last earnings update was 57 days ago. More info.


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  • Atos has significant price volatility in the past 3 months.
ATO Share Price and Events
7 Day Returns
4.6%
ENXTPA:ATO
0.4%
FR IT
1.3%
FR Market
1 Year Returns
-14.4%
ENXTPA:ATO
0.7%
FR IT
3.6%
FR Market
ATO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Atos (ATO) 4.6% 8.2% 28.2% -14.4% 20.1% 49.1%
FR IT 0.4% 5.2% 19% 0.7% 45.6% 88.5%
FR Market 1.3% 3.8% 14.3% 3.6% 28.9% 33.6%
1 Year Return vs Industry and Market
  • ATO underperformed the IT industry which returned 0.7% over the past year.
  • ATO underperformed the Market in France which returned 3.6% over the past year.
Price Volatility
ATO
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Atos undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Atos to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Atos.

ENXTPA:ATO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 16 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.3%
Perpetual Growth Rate 10-Year FR Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTPA:ATO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.7%
IT Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.054 (1 + (1- 33%) (53.56%))
1.29
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.29
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (1.29 * 6.65%)
9.31%

Discounted Cash Flow Calculation for ENXTPA:ATO using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Atos is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ENXTPA:ATO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 9.31%)
2019 883.06 Analyst x9 807.83
2020 993.87 Analyst x8 831.76
2021 1,071.05 Analyst x5 820.00
2022 1,129.50 Est @ 5.46% 791.08
2023 1,175.13 Est @ 4.04% 752.93
2024 1,210.94 Est @ 3.05% 709.79
2025 1,239.44 Est @ 2.35% 664.61
2026 1,262.58 Est @ 1.87% 619.35
2027 1,281.86 Est @ 1.53% 575.24
2028 1,298.38 Est @ 1.29% 533.02
Present value of next 10 years cash flows €7,105.61
ENXTPA:ATO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €1,298.38 × (1 + 0.73%) ÷ (9.31% – 0.73%)
€15,246.26
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €15,246.26 ÷ (1 + 9.31%)10
€6,259.02
ENXTPA:ATO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €7,105.61 + €6,259.02
€13,364.63
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €13,364.63 / 107.13
€124.75
ENXTPA:ATO Discount to Share Price
Calculation Result
Value per share (EUR) From above. €124.75
Current discount Discount to share price of €94.42
= -1 x (€94.42 - €124.75) / €124.75
24.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Atos is available for.
Intrinsic value
24%
Share price is €94.42 vs Future cash flow value of €124.75
Current Discount Checks
For Atos to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Atos's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Atos's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Atos's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Atos's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:ATO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €5.94
ENXTPA:ATO Share Price ** ENXTPA (2019-04-18) in EUR €94.42
France IT Industry PE Ratio Median Figure of 29 Publicly-Listed IT Companies 18.21x
France Market PE Ratio Median Figure of 418 Publicly-Listed Companies 16.34x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Atos.

ENXTPA:ATO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:ATO Share Price ÷ EPS (both in EUR)

= 94.42 ÷ 5.94

15.89x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Atos is good value based on earnings compared to the FR IT industry average.
  • Atos is good value based on earnings compared to the France market.
Price based on expected Growth
Does Atos's expected growth come at a high price?
Raw Data
ENXTPA:ATO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts
9.8%per year
France IT Industry PEG Ratio Median Figure of 25 Publicly-Listed IT Companies 1.63x
France Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

ENXTPA:ATO PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.89x ÷ 9.8%

1.63x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Atos is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Atos's assets?
Raw Data
ENXTPA:ATO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €56.86
ENXTPA:ATO Share Price * ENXTPA (2019-04-18) in EUR €94.42
France IT Industry PB Ratio Median Figure of 36 Publicly-Listed IT Companies 2.12x
France Market PB Ratio Median Figure of 618 Publicly-Listed Companies 1.49x
ENXTPA:ATO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:ATO Share Price ÷ Book Value per Share (both in EUR)

= 94.42 ÷ 56.86

1.66x

* Primary Listing of Atos.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Atos is good value based on assets compared to the FR IT industry average.
X
Value checks
We assess Atos's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. Atos has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Atos expected to perform in the next 1 to 3 years based on estimates from 16 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Atos expected to grow at an attractive rate?
  • Atos's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • Atos's earnings growth is positive but not above the France market average.
  • Atos's revenue growth is positive but not above the France market average.
Annual Growth Rates Comparison
Raw Data
ENXTPA:ATO Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:ATO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts 9.8%
ENXTPA:ATO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts 3.7%
France IT Industry Earnings Growth Rate Market Cap Weighted Average 17.3%
France IT Industry Revenue Growth Rate Market Cap Weighted Average 7.2%
France Market Earnings Growth Rate Market Cap Weighted Average 13.4%
France Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTPA:ATO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:ATO Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 15,434 1
2022-12-31 14,984 1
2021-12-31 13,619 1,626 835 10
2020-12-31 13,531 1,554 773 16
2019-12-31 13,202 1,263 668 16
ENXTPA:ATO Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 12,258 1,116 630
2018-09-30 12,126 1,136 624
2018-06-30 12,689 1,156 618
2018-03-31 12,690 1,197 609
2017-12-31 11,996 1,237 601
2017-09-30 12,222 1,187 593
2017-06-30 12,448 1,138 585
2017-03-31 12,293 1,078 582
2016-12-31 12,138 1,019 579
2016-09-30 11,790 534
2016-06-30 11,441 879 488
2016-03-31 11,063 839 447

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Atos's earnings are expected to grow by 9.8% yearly, however this is not considered high growth (20% yearly).
  • Atos's revenue is expected to grow by 3.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTPA:ATO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below

All data from Atos Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:ATO Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 7.69 9.56 6.40 5.00
2020-12-31 7.02 8.52 6.00 10.00
2019-12-31 6.21 7.66 5.36 11.00
ENXTPA:ATO Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 5.94
2018-09-30 5.91
2018-06-30 5.87
2018-03-31 5.79
2017-12-31 5.72
2017-09-30 5.65
2017-06-30 5.58
2017-03-31 5.58
2016-12-31 5.58
2016-09-30 5.17
2016-06-30 4.76
2016-03-31 4.39

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Atos is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Atos's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the France market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the France market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Atos has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Atos performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Atos's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Atos has delivered over 20% year on year earnings growth in the past 5 years.
  • Atos's 1-year earnings growth is less than its 5-year average (4.8% vs 21.4%)
  • Atos's earnings growth has not exceeded the FR IT industry average in the past year (4.8% vs 7.4%).
Earnings and Revenue History
Atos's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Atos Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:ATO Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 12,258.00 630.00 653.00
2018-09-30 12,126.00 624.00 655.00
2018-06-30 12,689.10 617.70 656.50
2018-03-31 12,690.10 609.20 661.00
2017-12-31 11,996.00 601.00 666.00
2017-09-30 12,221.85 592.80 660.30
2017-06-30 12,447.70 584.60 654.60
2017-03-31 12,292.70 581.70 627.55
2016-12-31 12,137.70 578.80 600.50
2016-09-30 11,789.50 533.60 589.75
2016-06-30 11,441.30 488.40 579.00
2016-03-31 11,063.40 447.30 538.90
2015-12-31 10,685.50 406.20 498.80
2015-09-30 10,250.80 359.00 440.05
2015-06-30 9,816.10 311.80 381.30
2015-03-31 9,433.65 288.50 349.20
2014-12-31 9,051.20 265.20 317.10
2014-09-30 8,776.05 243.45 298.00
2014-06-30 8,500.90 221.70 278.90
2014-03-31 8,557.75 241.65 283.05
2013-12-31 8,614.60 261.60 287.20
2013-09-30 8,691.45 249.95 295.75
2013-06-30 8,768.30 238.30 304.30
2013-03-31 8,806.30 231.05 302.70
2012-12-31 8,844.30 223.80 301.10
2012-09-30 8,773.20 203.80 302.30
2012-06-30 8,702.10 183.80 303.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Atos has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Atos used its assets less efficiently than the FR IT industry average last year based on Return on Assets.
  • Atos's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Atos's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Atos has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Atos's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Atos's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Atos is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Atos's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Atos's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Atos Company Filings, last reported 3 months ago.

ENXTPA:ATO Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 8,101.00 5,418.00 2,546.00
2018-09-30 8,101.00 5,418.00 2,546.00
2018-06-30 5,479.00 1,615.00 1,967.00
2018-03-31 5,479.00 1,615.00 1,967.00
2017-12-31 5,226.00 1,953.00 2,260.00
2017-09-30 5,226.00 1,953.00 2,260.00
2017-06-30 4,862.70 1,673.80 2,015.90
2017-03-31 4,862.70 1,673.80 2,015.90
2016-12-31 4,835.20 1,688.30 2,016.50
2016-09-30 4,835.20 1,688.30 2,016.50
2016-06-30 3,978.80 1,504.50 1,741.10
2016-03-31 3,978.80 1,504.50 1,741.10
2015-12-31 4,097.10 1,353.90 1,946.80
2015-09-30 4,097.10 1,353.90 1,946.80
2015-06-30 3,781.20 1,582.00 1,936.00
2015-03-31 3,781.20 1,582.00 1,936.00
2014-12-31 3,402.10 631.20 1,620.30
2014-09-30 3,402.10 631.20 1,620.30
2014-06-30 3,549.10 705.50 922.20
2014-03-31 3,549.10 705.50 922.20
2013-12-31 2,939.20 400.80 1,306.20
2013-09-30 2,939.20 400.80 1,306.20
2013-06-30 2,444.40 872.10 1,230.80
2013-03-31 2,444.40 872.10 1,230.80
2012-12-31 2,379.30 927.70 1,159.70
2012-09-30 2,379.30 927.70 1,159.70
2012-06-30 2,345.40 944.40 1,048.00
  • Atos's level of debt (66.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (13.7% vs 66.9% today).
  • Debt is well covered by operating cash flow (20.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 33.8x coverage).
X
Financial health checks
We assess Atos's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Atos has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Atos's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Atos dividends. Estimated to be 2.1% next year.
If you bought €2,000 of Atos shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Atos's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Atos's dividend against the top 25% market benchmark as the company has not reported any payouts.
Upcoming dividend payment

Purchase Atos before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTPA:ATO Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
France IT Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 1.5%
France Market Average Dividend Yield Market Cap Weighted Average of 324 Stocks 2.9%
France Minimum Threshold Dividend Yield 10th Percentile 0.9%
France Bottom 25% Dividend Yield 25th Percentile 1.6%
France Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTPA:ATO Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 2.14 9.00
2020-12-31 2.03 16.00
2019-12-31 1.84 17.00
ENXTPA:ATO Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-22 0.000 0.000
2018-05-24 1.700 1.892
2017-05-24 1.600 1.304
2016-05-26 1.100 1.148
2015-05-28 0.800 1.119
2014-05-27 0.700 1.138
2013-05-30 0.600 0.980
2012-07-27 0.500 0.947
2012-05-30 0.500 1.098
2011-06-01 0.500 1.343
2009-07-30 0.000 0.000
2009-06-01 0.000 0.000
2009-04-21 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Atos has not reported any payouts.
  • Unable to verify if Atos's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Atos's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Atos has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.9x coverage).
X
Income/ dividend checks
We assess Atos's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Atos afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Atos has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Atos's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Thierry Breton
COMPENSATION €0
AGE 63
TENURE AS CEO 10.2 years
CEO Bio

Mr. Thierry Jacques Lucien Breton serves as the Chairman of the Board at Worldline S.A. since April 30, 2014. He has been the Chairman and Chief Executive Officer of Atos SE (alternate name, Atos S.A.) since 2009. Mr. Breton serves as the Chairman and Chief Executive Officer at Atos Origin, Inc. He served as a Consultant and Senior Advisor at KKR & Co. L.P. (formerly Kohlberg Kravis Roberts & Co. L.P.). Mr. Breton served as Executive Officer at Oasis Group, Inc. He served as Chief Executive Officer and President at France Telecom EGT. He served as Chairman of Management Board at Atos SE since November 2008. He served as the Chief Executive Officer of CGI Group, Inc. Mr. Breton served as the Chief Executive Officer of Orange since October 2002. He served as Chief Executive Officer of France Telecom S.A. from October 2002 to February 2005. He served as Executive Managing Director and then a delegate director - Vice Chairman of the Bull Group from 1993 to 1996. He also served as Chairman and Chief Executive Officer of Thomson SA and Thomson Multimedia from 1997 to October 2002. From 1990 to March 1993, he served as Chief Executive Officer of Futuroscope from 1986 to 1990 and Forma Systems from 1981 to 1986. Mr. Breton served as Advisor to the French Ministry of National Education, in charge of information technology and new technologies from 1986 to 1988. He served as Project Manager/Managing Director of the Futuroscope Teleport business park in Poitiers from 1986 to 1990 and then headed its teleport operations. He served as Chief Executive Officer and Executive Vice President of CGI Group from 1990 to 1993. He served as President of the technology university of Troyes and from 1993 to 1997, he served as Executive Chairman. He served as the President of Ministere de l'Economie, des Finances et de l'Industrie. He has been the Chairman of the Board of Directors of Worldline S.A./N.V. since April 30, 2014. He serves as Chairman of Worldline at Atos SE. He served as Chairman of the Board of Bull Group. from 1993 to 1997. He served as Chairman of Forma Systèmes from 1981 to 1986. He served as Chairman of France Telecom SA from October 02, 2002 to February 2005 and Orange Holding S.A. since November 5, 2002. He also served in the Poitou-Charentes Regional Council from 1986 to 1992 (as Vice-Chairman from 1988 on). He then joined Bull as Director of Strategy and Development before becoming Deputy Managing Director. He was France’s Minister for the Economy, Finance and Industry between February 25, 2005 and May 16, 2007, before becoming a professor at Harvard University (USA) for “Leadership, Corporate Accountability”. He served as Chairman of the Board at Orange S.A. from November 05, 2002 to February 2005. He has been a Director of Atos Origin, Inc since 2009 and Sonatel S.A. since December 18, 2013. He serves as Member of International Advisory Board at PlaNet Finance SA. Mr. Breton serves as a Director or Supervisory Board Member of Bouygues Telecom, Cnes and La Poste. He serves as Director of Atos SE. He served as Independent Non-Executive Director At SATS Ltd from October 1, 2015 to July 19, 2018. He has been an Independent Director of Carrefour SA since July 28, 2008. He served as a Director at Orange until February 2005. He served as Governor of Inter-American Development Bank. He held the position during the last five year in Atos International SAS as Chief Executive Officer. He served as Member of Board of Governors - France at Asian Development Bank. He served as Governor of The European Bank for Reconstruction and Development. He served as Member of Advisory Council at Banque de France. He served as Chairman of Board of Governors at European Investment Bank. He served as a Director of Belfius Banque SA/NV (alternate name, Belfius Bank SA/NV). He served as a Director of Schneider Electric S.A. since 2000. He served as Director of Dexia SA since 2000. He served as an Independent Director of Dexia Bank Belgium NV until February 28, 2005. Mr. Breton served as a Member of the Supervisory Board of Equant NV from February 19, 2003 to December 2004. He served as a Member of Supervisory Board at ENV International N.V. from February 19, 2003 to December 2004. He served as a Director of France Telecom until February 2005. He served as Member of supervisory board at AXA Group from May 2001 to February 28, 2005. He served as Director of Rhodia SA since 1998. He served as Director of Thomsan S.A. and Technicolor SA (Thomson Multimedia ) from March 1997 to February 27, 2005. He has also been President of the French National Association for Research and Technology (ANRT) since March 2015 and member of the National Academy of Technologies (France) since 2015. He was Vice Chairman and Chief Executive Officer of Honeywell Bull Group. He is Council Member of Bank of America Advisory. He was a Member of the Board of Directors of Bull since February 1996. He was France's former Minister of Economy, Finance and Industry from February 2005 to May 2007. He received French Legion d’Honneur (Commandeur) in 2015, French National Order of Merit (Grand Officier) in 2012 and European Business Leader of the year in 2004. Mr. Breton is graduated with Master of Engineering from Ecole suprieure dlectricit (Supelec) Paris and also graduated from the 46th session of the Institut des hautes tudes de dfense nationale (IHEDN).

CEO Compensation
  • Thierry's compensation has been consistent with company performance over the past year.
  • Thierry's remuneration is lower than average for companies of similar size in France.
Management Team Tenure

Average tenure and age of the Atos management team in years:

4.2
Average Tenure
59
Average Age
  • The tenure for the Atos management team is about average.
Management Team

Thierry Breton

TITLE
Chairman & CEO
AGE
63
TENURE
10.2 yrs

Elie Girard

TITLE
Deputy CEO
AGE
40
TENURE
4.2 yrs

Sophie Proust

TITLE
Chief Technology Officer
TENURE
0.2 yrs

Gilles Arditti

TITLE
Head of Investor Relations & Financial Communications
AGE
63
TENURE
3.8 yrs

Alexandre Menais

TITLE
General Secretary and Head of M&A
TENURE
2.3 yrs

Marc Meyer

TITLE
Head of Executive & Talent Management
AGE
59
TENURE
5.3 yrs

Philippe Mareine

TITLE
Head of HR
AGE
47
TENURE
5.3 yrs

Patrick Adiba

TITLE
Head of Unified Communication & Collaboration and CEO of Olympics & Major Events
TENURE
5 yrs

Peter Jong

TITLE
Head of Benelux & The Nordics
TENURE
2.8 yrs

Jean-Marie Simon

TITLE
Head of France
Board of Directors Tenure

Average tenure and age of the Atos board of directors in years:

9.5
Average Tenure
62
Average Age
  • The tenure for the Atos board of directors is about average.
Board of Directors

Thierry Breton

TITLE
Chairman & CEO
AGE
63
TENURE
10.2 yrs

Keith Wilman

TITLE
Chairman of UK & Ireland
TENURE
7.3 yrs

Vernon Sankey

TITLE
Independent Director
COMPENSATION
€49K
AGE
69
TENURE
10.2 yrs

Nicolas Bazire

TITLE
Independent Director
COMPENSATION
€46K
AGE
61
TENURE
10.2 yrs

Colette Neuville

TITLE
Independent Director
COMPENSATION
€40K
AGE
81
TENURE
9 yrs

Bertrand Meunier

TITLE
Independent Director
COMPENSATION
€49K
AGE
62
TENURE
10.2 yrs

Jean Fleming

TITLE
Director
COMPENSATION
€35K
AGE
49
TENURE
9.9 yrs

Aminata Niane

TITLE
Director
COMPENSATION
€41K
AGE
62
TENURE
8.9 yrs

Roland Busch

TITLE
Director
COMPENSATION
€32K
AGE
54
TENURE
7.8 yrs

Lynn Paine

TITLE
Independent Director
COMPENSATION
€42K
AGE
69
TENURE
5.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Atos's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Atos has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Now The Time To Look At Buying Atos SE (EPA:ATO)?

led the ENXTPA gainers with a relatively large price hike in the past couple of weeks. … With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price

Simply Wall St -

How Good Is Atos SE (EPA:ATO), When It Comes To ROE?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Atos has a return on equity of 8.7% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Kind Of Shareholder Owns Most Atos SE (EPA:ATO) Stock?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Companies that used to be publicly owned tend to have lower insider ownership. … Our analysis of the ownership of the company, below, shows that.

Simply Wall St -

The Atos (EPA:ATO) Share Price Is Up 25% And Shareholders Are Holding On

But Atos SE (EPA:ATO) has fallen short of that second goal, with a share price rise of 25% over five years, which is below the market return. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During five years of share price growth, Atos achieved compound earnings per share (EPS) growth of 15% per year.

Simply Wall St -

What Should Investors Know About Atos SE's (EPA:ATO) Future?

Based on Atos SE's (EPA:ATO) earnings update on 31 December 2018, … as a 24% increase in profits is expected in the upcoming year, … the past 5-year average growth rate of 21%.

Simply Wall St -

A Holistic Look At Atos SE (EPA:ATO)

Help shape the future of investing tools and receive a $20 prize! … Atos SE (EPA:ATO) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects.

Simply Wall St -

Investors Are Undervaluing Atos SE (EPA:ATO) By 39.6%

by projecting its future cash flows and then discounting them to today's value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Does Atos SE (EPA:ATO) Have A Good P/E Ratio?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … That corresponds to an earnings yield of approximately 8.0%. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Is Atos SE (EPA:ATO) As Strong As Its Balance Sheet Indicates?

Stocks with market capitalization between $2B and $10B, such as Atos SE (EPA:ATO) with a size of €7.5b, do not attract as much attention from the investing community as do the small-caps and large-caps. … Note that this commentary is very high-level and solely focused on financial health, so I suggest you dig deeper yourself. … Want to help shape the future of investing tools and platforms

Simply Wall St -

Atos SE (EPA:ATO): How To Win In A Volatile Market

And I'm not talking about buying into speculative, high-risk stocks. … I'm talking about the well-proven, robust track record Atos SE. … Atos SE provides information technology services and solutions worldwide

Simply Wall St -

Company Info

Description

Atos SE provides information technology services and solutions worldwide. It offers infrastructure and data management services, including cloud services and digital workplace services, business and platform solutions, big data, and cybersecurity products and services, as well as transactional services. The company’s solutions include automated help and interaction centers, cloud and mobile solutions, unified communications and collaboration tools; Atos Codex, a suite of business-driven analytics and IOT solutions and services; business process outsourcing; business and platform solutions for mobile apps and devices, as well as SaaS integration; and computing platforms, security solutions, software appliances, and services. It also offers payments and transactional services. The company primarily operates under the Atos, Atos Consulting, Atos Worldgrid, Bull, Canopy, Unify, and Worldline brands. It serves aerospace, defense, financial services, health, manufacturing, media, utilities, public sector, retail, telecommunications, and transportation sectors. Atos SE was incorporated in 1982 and is headquartered in Bezons, France.

Details
Name: Atos SE
ATO
Exchange: ENXTPA
Founded: 1982
€10,115,149,450
107,129,310
Website: http://www.atos.net
Address: Atos SE
River Ouest,
80 Quai Voltaire,
Bezons,
Ile-de-France, 95870,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA ATO Bearer Shares Euronext Paris FR EUR 02. Jan 1992
OTCPK AEXA.F Bearer Shares Pink Sheets LLC US USD 02. Jan 1992
DB AXI Bearer Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0DNH Bearer Shares London Stock Exchange GB EUR 02. Jan 1992
WBAG ATO Bearer Shares Wiener Boerse AG AT EUR 02. Jan 1992
BATS-CHIXE ATOP Bearer Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
OTCPK AEXA.Y ADR Pink Sheets LLC US USD 07. Oct 2008
ENXTPA ATONV EUR1 (RFD 01/01/2019) Euronext Paris FR EUR 02. Jan 2019
Number of employees
Current staff
Staff numbers
113,278
Atos employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 20:39
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/22
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.