ENXTPA:IGE

Stock Analysis Report

Executive Summary

IGE+XAO Group operates as a software publisher in France and internationally.

Snowflake

Fundamentals

Solid track record with excellent balance sheet.

Share Price & News

How has IGE+XAO Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

IGE

3.3%

FR Software

2.1%

FR Market


1 Year Return

21.3%

IGE

20.5%

FR Software

10.2%

FR Market

Return vs Industry: IGE matched the French Software industry which returned 20.5% over the past year.

Return vs Market: IGE exceeded the French Market which returned 10.2% over the past year.


Shareholder returns

IGEIndustryMarket
7 Day0%3.3%2.1%
30 Day-1.8%4.5%-0.7%
90 Day-2.4%-0.8%-0.7%
1 Year22.5%21.3%21.3%20.5%14.1%10.2%
3 Year115.6%107.7%76.4%72.9%44.6%30.6%
5 Year221.3%199.9%175.3%161.8%76.5%50.1%

Price Volatility Vs. Market

How volatile is IGE+XAO Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is IGE+XAO Group undervalued compared to its fair value and its price relative to the market?

33.04x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: IGE (€162) is trading above our estimate of fair value (€31.97)

Significantly Undervalued: IGE is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: IGE is good value based on its PE Ratio (33x) compared to the Software industry average (33.1x).

PE vs Market: IGE is poor value based on its PE Ratio (33x) compared to the French market (17.2x).


Price to Earnings Growth Ratio

Low PEG Ratio: IGE is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: IGE is overvalued based on its PB Ratio (5.8x) compared to the FR Software industry average (2.2x).


Next Steps

Future Growth

How is IGE+XAO Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

15.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IGE's forecast earnings growth (15.9% per year) is above the savings rate (0.7%).

Earnings vs Market: IGE's earnings (15.9% per year) are forecast to grow faster than the French market (11.5% per year).

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

Revenue vs Market: IGE's revenue (7.3% per year) is forecast to grow faster than the French market (4.4% per year).

High Growth Revenue: IGE's revenue (7.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if IGE's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has IGE+XAO Group performed over the past 5 years?

4.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: IGE's earnings have grown by 4.9% per year over the past 5 years.

Accelerating Growth: IGE's earnings growth over the past year (5.8%) exceeds its 5-year average (4.9% per year).

Earnings vs Industry: IGE earnings growth over the past year (5.8%) exceeded the Software industry 1.1%.


Return on Equity

High ROE: IGE's Return on Equity (17.7%) is considered low.


Return on Assets

ROA vs Industry: IGE has a higher Return on Assets than the Software industry average last year.


Return on Capital Employed

ROCE Improving: IGE has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is IGE+XAO Group's financial position?


Financial Position Analysis

Short Term Liabilities: IGE's short term assets (€44.8M) exceeds its short term liabilities (€11.5M)

Long Term Liabilities: IGE's short term assets (44.8M) exceeds its long term liabilities (2.9M)


Debt to Equity History and Analysis

Debt Level: IGE's debt to equity ratio (0.6%) is considered satisfactory

Reducing Debt: IGE's debt to equity ratio has reduced from 1.2% to 0.6% over the past 5 years.

Debt Coverage: IGE's debt is well covered by operating cash flow (2436.3%).

Interest Coverage: Insufficient data to determine if IGE's interest payments on its debt are well covered by EBIT.


Balance Sheet

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

Debt Coverage by Assets: IGE's debt is covered by short term assets (assets are 187.464430x debt).


Next Steps

Dividend

What is IGE+XAO Group's current dividend yield, its reliability and sustainability?

0.96%

Current Dividend Yield


Dividend Yield vs Market

company1.0%marketbottom25%1.6%markettop25%4.7%industryaverage0.6%forecastin3Years1.0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: IGE's dividend (0.96%) isn’t notable compared to the bottom 25% of dividend payers in the French market (1.57%).

High Dividend: IGE's dividend (0.96%) is low compared to the top 25% of dividend payers in the French market (4.67%).

Stable Dividend: IGE is not paying a notable dividend for the French market, therefore no need to check if payments are stable.

Growing Dividend: IGE is not paying a notable dividend for the French market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: IGE is not paying a notable dividend for .


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of IGE's dividend in 3 years as they are not forecast to pay a notable one for the French market.


Next Steps

Management

What is the CEO of IGE+XAO Group's salary, the management and board of directors tenure and is there insider trading?

6.8yrs

Average board tenure


CEO

Alain Di Crescenzo (56yo)

0yrs

Tenure

€391,696

Compensation

Mr. Alain Di Crescenzo serves as President and Chief Executive Officer of IGE+XAO SA France and IGE+XAO USA. Mr. Di Crescenzo serves as President of IGE+XAO Softwaren Vertriebs GMBH, IGE+XAO UK Limited and ...


CEO Compensation Analysis

Compensation vs. Market: Alain's total compensation ($USD0.00) is too low to compare against companies of similar size in the French market ($USD351.13K).

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


Board Age and Tenure

6.8yrs

Average Tenure

Experienced Board: IGE's board of directors are considered experienced (6.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Alain Di Crescenzo (56yo)

    Chairman & CEO

    • Tenure: 0yrs
    • Compensation: €391.70k
  • Charles Baudron

    Director of Research & Development and Director

    • Tenure: 6.8yrs
    • Compensation: €307.89k

Board Members

  • Alain Di Crescenzo (56yo)

    Chairman & CEO

    • Tenure: 0yrs
    • Compensation: €391.70k
  • Pierre Revel-Mouroz

    Independent Director

    • Tenure: 0yrs
  • Charles Baudron

    Director of Research & Development and Director

    • Tenure: 6.8yrs
    • Compensation: €307.89k
  • Jean Baudron

    Director

    • Tenure: 6.8yrs
  • Anne Varon

    Independent Director

    • Tenure: 6.8yrs

Company Information

IGE+XAO Group's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: IGE+XAO Group
  • Ticker: IGE
  • Exchange: ENXTPA
  • Founded: 1986
  • Industry: Application Software
  • Sector: Software
  • Market Cap: €210.926m
  • Shares outstanding: 1.30m
  • Website: https://www.ige-xao.com

Number of Employees


Location

  • IGE+XAO Group
  • 16 bd Déodat de Séverac
  • CS 90 312
  • Colomiers
  • Midi-Pyrénées
  • 31770
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IGEENXTPA (Euronext Paris)YesCommon SharesFREURMar 1997
0HV1LSE (London Stock Exchange)YesCommon SharesGBEURMar 1997
IGEPBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURMar 1997

Biography

IGE+XAO Group operates as a software publisher in France and internationally. The company designs, produces, sells, and maintains computer aided design (CAD) and product lifecycle management (PLM) software ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 20:33
End of Day Share Price2019/10/15 00:00
Earnings2018/12/31
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.