ENXTPA:DVT

Stock Analysis Report

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Executive Summary

Devoteam SA provides technology and management consulting and cloud solutions in Europe, the Middle East, and internationally. More Details


Snowflake Analysis

Excellent balance sheet with proven track record.


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

Stable Share Price: DVT's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

DVT

-3.5%

FR IT

-3.7%

FR Market


1 Year Return

26.8%

DVT

7.2%

FR IT

-10.9%

FR Market

Return vs Industry: DVT exceeded the French IT industry which returned 7.2% over the past year.

Return vs Market: DVT exceeded the French Market which returned -10.9% over the past year.


Shareholder returns

DVTIndustryMarket
7 Day0%-3.5%-3.7%
30 Day-0.2%-4.4%-4.2%
90 Day33.6%3.4%-2.8%
1 Year26.8%26.8%7.9%7.2%-9.0%-10.9%
3 Year22.6%20.3%14.2%2.5%2.9%-6.1%
5 Year244.3%231.3%84.5%62.8%35.3%16.6%

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

Valuation

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

19.77x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DVT (€97.4) is trading above our estimate of fair value (€71.18)

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


Price To Earnings Ratio

PE vs Industry: DVT is poor value based on its PE Ratio (19.8x) compared to the FR IT industry average (18.1x).

PE vs Market: DVT is poor value based on its PE Ratio (19.8x) compared to the French market (17x).


Price to Earnings Growth Ratio

PEG Ratio: DVT is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: DVT is overvalued based on its PB Ratio (3.8x) compared to the FR IT industry average (1.9x).


Next Steps

Future Growth

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

18.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DVT's forecast earnings growth (18.8% per year) is above the savings rate (0.6%).

Earnings vs Market: DVT's earnings (18.8% per year) are forecast to grow slower than the French market (24.6% per year).

High Growth Earnings: DVT's earnings are forecast to grow, but not significantly.

Revenue vs Market: DVT's revenue (4.8% per year) is forecast to grow slower than the French market (6.7% per year).

High Growth Revenue: DVT's revenue (4.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DVT's Return on Equity is forecast to be low in 3 years time (19%).


Next Steps

Past Performance

How has Devoteam performed over the past 5 years?

24.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DVT has high quality earnings.

Growing Profit Margin: DVT's current net profit margins (5.2%) are lower than last year (5.4%).


Past Earnings Growth Analysis

Earnings Trend: DVT's earnings have grown significantly by 24.5% per year over the past 5 years.

Accelerating Growth: DVT's earnings growth over the past year (3.5%) is below its 5-year average (24.5% per year).

Earnings vs Industry: DVT earnings growth over the past year (3.5%) exceeded the IT industry -1.1%.


Return on Equity

High ROE: DVT's Return on Equity (20.6%) is considered high.


Next Steps

Financial Health

How is Devoteam's financial position?


Financial Position Analysis

Short Term Liabilities: DVT's short term assets (€421.9M) exceed its short term liabilities (€319.9M).

Long Term Liabilities: DVT's short term assets (€421.9M) exceed its long term liabilities (€87.4M).


Debt to Equity History and Analysis

Debt Level: DVT's debt to equity ratio (15.8%) is considered satisfactory.

Reducing Debt: DVT's debt to equity ratio has increased from 6.6% to 15.8% over the past 5 years.

Debt Coverage: DVT's debt is well covered by operating cash flow (373%).

Interest Coverage: DVT's interest payments on its debt are well covered by EBIT (45.7x coverage).


Balance Sheet


Next Steps

Dividend

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

1.03%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DVT's dividend (1.03%) isn’t notable compared to the bottom 25% of dividend payers in the French market (1.56%).

High Dividend: DVT's dividend (1.03%) is low compared to the top 25% of dividend payers in the French market (5.25%).


Stability and Growth of Payments

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

Growing Dividend: DVT's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.3%), DVT's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: DVT's dividends in 3 years are forecast to be well covered by earnings (23.6% payout ratio).


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Godefroy de Bentzmann

4yrs

Tenure

€601,528

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

Compensation vs Market: Godefroy's total compensation ($USD698.88K) is about average for companies of similar size in the French market ($USD632.33K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Godefroy de Bentzmann
Co-Founder4yrs€601.53k8.76%
€ 69.9m
Stanislas de Bentzmann
Co-Founderno data€598.64k12.38%
€ 98.8m
Roland de Laage de Meux
General Secretary & Non-Independent Member of Supervisory Board21.67yrs€336.03kno data
Gregoire Cayatte
Chief Financial Officer7yrsno datano data
Sébastien Chevrel
Chief Operating Officer6.83yrsno datano data
Nicole Anschutz
Director of Group Marketing & Communications3.67yrsno datano data
Osama Ghoul
Executive Vice President of the Middle Eastno datano datano data
Victor Farroco
Deputy Chief Financial Officerno datano datano data
Regis Tatala
Executive Vice-Presidentno datano datano data

4.3yrs

Average Tenure

50yo

Average Age

Experienced Management: DVT's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Roland de Laage de Meux
General Secretary & Non-Independent Member of Supervisory Board21.67yrs€336.03kno data
Bertrand de Bentzmann
Honorary Chairman of the Supervisory Boardno data€9.00kno data
Michel Bon
Chairman of the Supervisory Boardno data€52.00kno data
Vincent Montagne
Independent Member of Supervisory Board12.67yrs€11.50kno data
Carole Desport
Independent Member of Supervisory Board5.25yrs€12.00kno data
Elisabeth de Maulde
Independent Member of Supervisory Board8.42yrs€10.50kno data
Valérie Kniazeff
Independent Member of Supervisory Board4.25yrs€10.50kno data

8.4yrs

Average Tenure

61yo

Average Age

Experienced Board: DVT's board of directors are considered experienced (8.4 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.3%.


Top Shareholders

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: €798.074m
  • Shares outstanding: 8.19m
  • Website: https://www.devoteam.com

Number of Employees


Location

  • Devoteam SA
  • 73, rue Anatole France
  • Levallois-perret
  • Ile-de-France
  • 92330
  • 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 and management consulting and cloud solutions in Europe, the Middle East, and internationally. It offers transformation management, agile IT, cyber security, digital workpla ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/28 04:08
End of Day Share Price2020/09/25 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.