ENXTPA:DVT

Stock Analysis Report

Executive Summary

Devoteam SA provides technology consulting and cloud solutions in Europe and the Middle East.

Snowflake

Fundamentals

Outstanding track record with excellent balance sheet.

Risks

  • Devoteam has significant price volatility in the past 3 months.

Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

4.6%

DVT

-0.2%

FR IT

-0.2%

FR Market


1 Year Return

-29.7%

DVT

-4.4%

FR IT

2.7%

FR Market

DVT underperformed the IT industry which returned -5.2% over the past year.

DVT underperformed the Market in France which returned 2.7% over the past year.


Share holder returns

DVTIndustryMarket
7 Day4.6%-0.2%-0.2%
30 Day-22.9%-0.7%4.7%
90 Day-20.9%2.1%1.7%
1 Year-29.0%-29.7%2.5%-4.4%6.2%2.7%
3 Year63.1%58.8%36.6%21.8%43.9%30.0%
5 Year395.1%370.7%134.6%103.6%62.1%38.3%

Price Volatility Vs. Market

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


Simply Wall St News

2 weeks ago | Simply Wall St

Is Devoteam SA’s (EPA:DVT) 29% ROCE Any Good?

Valuation

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

28%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Devoteam's share price is below the future cash flow value, and at a moderate discount (> 20%).

Devoteam's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Devoteam is good value based on earnings compared to the FR IT industry average.

Devoteam is good value based on earnings compared to the France market.


Price Based on Expected Growth

Devoteam is poor value based on expected growth next year.


Price Based on Value of Assets

Devoteam is overvalued based on assets compared to the FR IT industry average.


Next Steps

Future Growth

How is Devoteam expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

13.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Devoteam's revenue is expected to grow by 9.5% yearly, however this is not considered high growth (20% yearly).

Devoteam's earnings are expected to grow by 13.5% yearly, however this is not considered high growth (20% yearly).

Devoteam's revenue growth is expected to exceed the France market average.

Devoteam's earnings growth is expected to exceed the France market average.

Devoteam's earnings growth is expected to exceed the low risk savings rate of 0.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Devoteam is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has Devoteam performed over the past 5 years?

33.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Devoteam has delivered over 20% year on year earnings growth in the past 5 years.

Devoteam's 1-year earnings growth exceeds its 5-year average (39.4% vs 33.7%)

Devoteam's earnings growth has exceeded the FR IT industry average in the past year (39.4% vs 13.5%).


Return on Equity

Devoteam has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

Devoteam used its assets more efficiently than the FR IT industry average last year based on Return on Assets.


Return on Capital Employed

Devoteam has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Devoteam's financial position?


Financial Position Analysis

Devoteam is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Devoteam's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Devoteam's level of debt (24.2%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (12.8% vs 24.2% today).

Debt is well covered by operating cash flow (104.6%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 26.5x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 7.6x debt.


Next Steps

Dividend

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

1.63%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Devoteam's pays a lower dividend yield than the bottom 25% of dividend payers in France (1.57%).

Devoteam's dividend is below the markets top 25% of dividend payers in France (4.54%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (4.8x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (4.7x coverage).


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Godefroy de Bentzmann 0

3yrs

Tenure

€2,054,584

Compensation

Mr. Godefroy de Bentzmann is Co-Founder of Devoteam S.A and serves as its Chief Executive Officer and Member of Management Board. Mr. de Bentzmann served as Co-Chief Executive Officer at Devoteam S.A since ...


CEO Compensation Analysis

Godefroy's remuneration is higher than average for companies of similar size in France.

Godefroy's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.3yrs

Average Tenure

49yo

Average Age

The tenure for the Devoteam management team is about average.


Board Age and Tenure

7.4yrs

Average Tenure

60.5yo

Average Age

The tenure for the Devoteam board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Godefroy de Bentzmann

    Co-Founder

    • Tenure: 3yrs
    • Compensation: €2.05m
  • Roland de Laage de Meux (60yo)

    General Secretary & Non-Independent Member of Supervisory Board

    • Tenure: 20.7yrs
    • Compensation: €689.13k
  • Stanislas de Bentzmann

    Co-Founder

    • Tenure: 0yrs
    • Compensation: €2.05m
  • Gregoire Cayatte (49yo)

    Chief Financial Officer

    • Tenure: 6yrs
  • Regis Tatala

    Executive Vice-President

    • Tenure: 0yrs
  • Sébastien Chevrel

    Chief Operating Officer

    • Tenure: 5.8yrs
  • Osama Ghoul

    Executive Vice President of the Middle East

    • Tenure: 0yrs
  • Victor Farroco (48yo)

    Deputy Chief Financial Officer

    • Tenure: 0yrs
  • Schulte Anschutz

    Director of Group Marketing & Communications

    • Tenure: 2.7yrs

Board Members

  • Yves de Talhouët (61yo)

    Non-Independent Member of Supervisory Board

    • Tenure: 18.7yrs
    • Compensation: €11.00k
  • Bertrand de Bentzmann

    Honorary Chairman of the Supervisory Board

    • Tenure: 0yrs
    • Compensation: €8.00k
  • Roland de Laage de Meux (60yo)

    General Secretary & Non-Independent Member of Supervisory Board

    • Tenure: 20.7yrs
    • Compensation: €689.13k
  • Michel Bon (76yo)

    Chairman of the Supervisory Board

    • Tenure: 0yrs
    • Compensation: €52.00k
  • Vincent Montagne (60yo)

    Independent Member of Supervisory Board

    • Tenure: 11.7yrs
    • Compensation: €11.50k
  • Carole Desport (58yo)

    Independent Member of Supervisory Board

    • Tenure: 4.3yrs
    • Compensation: €12.00k
  • Elisabeth de Maulde (67yo)

    Independent Member of Supervisory Board

    • Tenure: 7.4yrs
    • Compensation: €11.00k
  • Valérie Kniazeff (51yo)

    Independent Member of Supervisory Board

    • Tenure: 3.1yrs
    • Compensation: €10.00k
  • Georges Vialle (68yo)

    Independent Member of Supervisory Board

    • Tenure: 3.1yrs
    • Compensation: €12.00k

Company Information

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


Key Information

  • Name: Devoteam SA
  • Ticker: DVT
  • Exchange: ENXTPA
  • Founded: 1995
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: €623.835m
  • Shares outstanding: 8.01m
  • Website: https://www.devoteam.com

Number of Employees


Location

  • Devoteam SA
  • 73, rue Anatole France
  • Levallois-Perret
  • Ile-de-France
  • 92300
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DVTENXTPA (Euronext Paris)YesOrdinary SharesFREURNov 1999
DV6DB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 1999
0E7SLSE (London Stock Exchange)YesOrdinary SharesGBEURNov 1999
DVTPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURNov 1999

Biography

Devoteam SA provides technology consulting and cloud solutions in Europe and the Middle East. It offers transformation management, agile IT, cyber security, digital workplace, data as a service, business p ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/19 20:42
End of Day Share Price2019/09/19 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.