ENXTPA:COH

Stock Analysis Report

Executive Summary

Coheris SA provides customer relationship management (CRM), customer insight, and analytics solutions in France and internationally.


Snowflake Analysis

Excellent balance sheet and good value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: COH has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

5.7%

COH

-8.2%

FR Software

-4.6%

FR Market


1 Year Return

4.5%

COH

-10.9%

FR Software

-23.1%

FR Market

Return vs Industry: COH exceeded the French Software industry which returned -6.2% over the past year.

Return vs Market: COH exceeded the French Market which returned -21.9% over the past year.


Shareholder returns

COHIndustryMarket
7 Day5.7%-8.2%-4.6%
30 Day-8.4%-17.4%-23.2%
90 Day-9.8%-20.0%-29.4%
1 Year5.9%4.5%-10.4%-10.9%-20.4%-23.1%
3 Year-40.5%-41.3%38.4%35.5%-4.9%-13.7%
5 Year-12.4%-13.6%86.3%78.7%1.3%-13.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: COH (€1.85) is trading below our estimate of fair value (€3.8)

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


Price To Earnings Ratio

PE vs Industry: COH is good value based on its PE Ratio (23.9x) compared to the Software industry average (27.1x).

PE vs Market: COH is poor value based on its PE Ratio (23.9x) compared to the French market (13.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: COH is good value based on its PB Ratio (0.8x) compared to the FR Software industry average (2x).


Next Steps

Future Growth

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

15.8%

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 Coheris 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 Coheris performed over the past 5 years?

68.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: COH has high quality earnings.

Growing Profit Margin: COH's current net profit margins (3.3%) are lower than last year (4.1%).


Past Earnings Growth Analysis

Earnings Trend: COH has become profitable over the past 5 years, growing earnings by 68.3% per year.

Accelerating Growth: COH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: COH had negative earnings growth (-21%) over the past year, making it difficult to compare to the Software industry average (2.5%).


Return on Equity

High ROE: COH's Return on Equity (3.2%) is considered low.


Next Steps

Financial Health

How is Coheris's financial position?


Financial Position Analysis

Short Term Liabilities: COH's short term assets (€11.3M) exceed its short term liabilities (€8.6M).

Long Term Liabilities: COH's short term assets (€11.3M) exceed its long term liabilities (€3.0M).


Debt to Equity History and Analysis

Debt Level: COH's debt to equity ratio (5.3%) is considered satisfactory.

Reducing Debt: COH's debt to equity ratio has increased from 4.6% to 5.3% over the past 5 years.


Balance Sheet

Inventory Level: COH has a low level of unsold assets or inventory.

Debt Coverage by Assets: COH's debt is covered by short term assets (assets are 15.4x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: COH is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: Insufficient data to determine if COH has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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

1.62%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: COH's dividend (1.62%) isn’t notable compared to the bottom 25% of dividend payers in the French market (2.04%).

High Dividend: COH's dividend (1.62%) is low compared to the top 25% of dividend payers in the French market (6.46%).


Stability and Growth of Payments

Stable Dividend: COH's dividend payments have been volatile in the past 10 years.

Growing Dividend: COH's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (38.7%), COH's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

5.8yrs

Average management tenure


CEO

Olivier Dellenbach

0.42

Tenure

Mr. Olivier Dellenbach has been a Director of Coheris SA since June 17, 2019 and its Chairman and Chief Executive Officer since November 6, 2019. He founded eFront S.A. in 1999 and has been its Chief Execu ...


Leadership Team

NamePositionTenureCompensationOwnership
Olivier Dellenbach
Chairman0.42yrno datano data
Jean-François Ménager
Deputy Managing Director of Financeno datano datano data
Christophe Debarre
Technical Director5.75yrsno datano data
Lucette Gaillard Commisso
Marketing & Communications Director6.25yrsno datano data
Arnaud Caupin
Sales Directorno datano datano data

5.8yrs

Average Tenure

Experienced Management: COH's management team is seasoned and experienced (5.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Olivier Dellenbach
Chairman0.42yrno datano data
Jacques Behr
Independent Director2yrsno datano data
Gildas Mathurin
Independent Director0.42yrno datano data
Béatrice Vachonfrance-Dellenbach
Director0.42yrno datano data
Laëtitia Beillard
Independent Director0.42yrno datano data

0.4yrs

Average Tenure

Experienced Board: COH's board of directors are not considered experienced ( 0.4 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Coheris SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Coheris SA
  • Ticker: COH
  • Exchange: ENXTPA
  • Founded: 1994
  • Industry: Application Software
  • Sector: Software
  • Market Cap: €9.723m
  • Shares outstanding: 5.26m
  • Website: https://www.coheris.com

Number of Employees


Location

  • Coheris SA
  • 4, Rue du Port aux Vins
  • Suresnes
  • Ile-de-France
  • 92150
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
COHENXTPA (Euronext Paris)YesOrdinary SharesFREURJul 1999
0OK9LSE (London Stock Exchange)YesOrdinary SharesGBEURJul 1999
OHEDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 1999
COHPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJul 1999

Biography

Coheris SA provides customer relationship management (CRM), customer insight, and analytics solutions in France and internationally. The company offers solutions in the areas of CRM, including sales, marketing, customer service, and customer intelligence; and business intelligence comprising analytics, monitoring, and data mining. It offers CRM Customer Service, a customer relationship management solution; Coheris CRM Sales, a sales force management solution; and CRM Marketing for marketing professions to support operation and campaign management. The company also provides Coheris CRM Nomad, a solution to manage sales force and instore merchandising in offline mode for CPG, pharmaceutical, and specialized distribution channels; and Coheris CRM Merch that assists manufacturers and CPG retailers on enhancing their product layout in retail outlet. In addition, it offers Coheris Analytics SPAD, a reference software in data analysis and data mining; and Coheris SPAD Real-Time, a solution that integrates predictive analysis and machine-learning recommendation models to analyze data. The company serves customers in insurance and mutual; CPG; commerce and distribution; banking and finance; cosmetics and pharmaceuticals; education, studies, and research; media, studies, and telecommunication; public sector; services; and other sectors. Coheris SA was founded in 1994 and is based in Suresnes, France. As of October 9, 2019, Coheris SA operates as subsidiary of ChapsVision.  


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/03 20:52
End of Day Share Price2020/04/02 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.