Cast (ENXTPA:CAS) - Share price, News & Analysis

Q: What is the Fair Price of CAS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

CAS (€7.56) is trading above our estimate of [[fair value]] (€0.12)

CAS fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	2/6
Past Performance	6/6
Financial Health	5/6
Dividends	0/6

CAS Stock Overview

Cast SA provides software intelligence solutions in France and internationally.

Rewards

Price-To-Earnings ratio (31.5x) is below the Software industry average (35.9x)

Revenue is forecast to grow 12.67% per year

Earnings grew by 5590.5% over the past year

Risk Analysis

Volatile share price over the past 3 months

Cast Competitors

Generix

ENXTPA:GENX

€220.4m

Sidetrade

ENXTPA:ALBFR

€186.3m

Linedata Services

ENXTPA:LIN

€232.1m

Claranova

ENXTPA:CLA

€176.1m

Price History & Performance

Summary of all time highs, changes and price drops for Cast
Historical stock prices
Current Share Price	€7.56
52 Week High	€7.72
52 Week Low	€3.55
Beta	0.49
1 Month Change	0%
3 Month Change	26.85%
1 Year Change	74.60%
3 Year Change	140.00%
5 Year Change	106.56%
Change since IPO	-40.47%

Recent News & Updates

May 20

Cast (EPA:CAS) Is Very Good At Capital Allocation

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Shareholder Returns

	CAS	FR Software	FR Market
7D	0.3%	1.8%	1.7%
1Y	74.6%	-11.6%	-4.8%

Return vs Industry: CAS exceeded the French Software industry which returned -9.9% over the past year.

Return vs Market: CAS exceeded the French Market which returned -5.2% over the past year.

Price Volatility

Is CAS's price volatile compared to industry and market?
CAS volatility
CAS Average Weekly Movement	7.4%
Software Industry Average Movement	5.0%
Market Average Movement	4.9%
10% most volatile stocks in FR Market	9.3%
10% least volatile stocks in FR Market	2.8%

Stable Share Price: CAS is more volatile than 75% of French stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: CAS's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of French stocks.

About the Company

Founded	Employees	CEO	Website
1990	320	Vincent Delaroche	https://www.castsoftware.com

Cast SA provides software intelligence solutions in France and internationally. The company provides CAST application intelligence platform to evaluate and enhance the security, resiliency, security, and maintainability of software systems. It also offers CAST Appmarq that compares the application health and delivery performance against industry peers; CAST Highlight for automated source code analysis of hundreds of applications; and CAST Imaging System, which provides Google maps for architecture.

Cast Fundamentals Summary

How do Cast's earnings and revenue compare to its market cap?
CAS fundamental statistics
Market Cap	€132.77m
Earnings (TTM)	€4.21m
Revenue (TTM)	€44.24m

31.5x

P/E Ratio

3.0x

P/S Ratio

Is CAS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
CAS income statement (TTM)
Revenue	€44.24m
Cost of Revenue	€37.07m
Gross Profit	€7.17m
Other Expenses	€2.96m
Earnings	€4.21m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.24
Gross Margin	16.21%
Net Profit Margin	9.52%
Debt/Equity Ratio	41.2%

How did CAS perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is CAS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CAS?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for CAS. This is calculated by dividing CAS's market cap by their current preferred multiple.
What is CAS's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	€132.77m

CAS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2.8x
Enterprise Value/EBITDA	21.8x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does CAS's PE Ratio compare to its peers?

CAS PE Ratio vs Peers

The above table shows the PE ratio for CAS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	37.1x
GENX Generix	64.6x	n/a	€220.4m
ALBFR Sidetrade	39.5x	10.4%	€186.3m
LIN Linedata Services	8.2x	-4.9%	€232.1m
CLA Claranova	35.9x	51.7%	€176.1m
CAS Cast	31.5x	n/a	€132.8m

Price-To-Earnings vs Peers: CAS is good value based on its Price-To-Earnings Ratio (31.5x) compared to the peer average (37.1x).

Price to Earnings Ratio vs Industry

How does CAS's PE Ratio compare vs other companies in the European Software Industry?

Price-To-Earnings vs Industry: CAS is good value based on its Price-To-Earnings Ratio (31.5x) compared to the French Software industry average (35.9x)

Price to Earnings Ratio vs Fair Ratio

What is CAS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CAS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	31.5x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CAS's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of CAS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CAS (€7.56) is trading above our estimate of fair value (€0.12)

Significantly Below Fair Value: CAS is trading above our estimate of fair value.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

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

Future Growth Score

2/6

Future Growth Score 2/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

12.7%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if CAS's forecast earnings growth is above the savings rate (0.3%).

Earnings vs Market: Insufficient data to determine if CAS's earnings are forecast to grow faster than the French market

High Growth Earnings: Insufficient data to determine if CAS's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CAS's revenue (12.7% per year) is forecast to grow faster than the French market (5.4% per year).

High Growth Revenue: CAS's revenue (12.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CAS's Return on Equity is forecast to be high in 3 years time (33.9%)

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Past Performance

How has Cast performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

45.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CAS has high quality earnings.

Growing Profit Margin: CAS's current net profit margins (9.5%) are higher than last year (0.2%).

Past Earnings Growth Analysis

Earnings Trend: CAS has become profitable over the past 5 years, growing earnings by 45.2% per year.

Accelerating Growth: CAS's earnings growth over the past year (5590.5%) exceeds its 5-year average (45.2% per year).

Earnings vs Industry: CAS earnings growth over the past year (5590.5%) exceeded the Software industry 23.5%.

Return on Equity

High ROE: CAS's Return on Equity (36.6%) is considered high.

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Financial Health

How is Cast's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: CAS's short term assets (€44.3M) exceed its short term liabilities (€26.1M).

Long Term Liabilities: CAS's short term assets (€44.3M) exceed its long term liabilities (€10.3M).

Debt to Equity History and Analysis

Debt Level: CAS has more cash than its total debt.

Reducing Debt: CAS's debt to equity ratio has increased from 11.3% to 41.2% over the past 5 years.

Debt Coverage: CAS's debt is well covered by operating cash flow (49.1%).

Interest Coverage: CAS's interest payments on its debt are well covered by EBIT (42.4x coverage).

Balance Sheet

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Dividend

What is Cast 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
Cash Flow Coverage

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if CAS'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 CAS has not reported any payouts.

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Management

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

4.6yrs

Average management tenure

CEO

Vincent Delaroche

32.58yrs

Tenure

€578,146

Compensation

Mr. Vincent Delaroche founded CAST in 1990 and has been its Chief Executive Officer and Chairman since 1990 also Director since October 2, 1990. Mr. Delaroche serves as the Chief Executive Officer and Chai...

CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Vincent's total compensation is reasonable compared to companies of similar size in the French market.

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

Leadership Team

Experienced Management: CAS's management team is considered experienced (4.6 years average tenure).

Board Members

Experienced Board: CAS's board of directors are considered experienced (5.2 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: CAS insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/08/16 00:00
End of Day Share Price	2022/08/16 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31