ENXTPA:LIN

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Linedata Services

Executive Summary

Linedata Services S.A. develops and distributes financial software in France and internationally. More Details


Snowflake Analysis

Undervalued average dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: LIN is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: LIN's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

2.8%

LIN

0.2%

FR Software

0.5%

FR Market


1 Year Return

1.2%

LIN

10.1%

FR Software

-0.1%

FR Market

Return vs Industry: LIN underperformed the French Software industry which returned 11.9% over the past year.

Return vs Market: LIN matched the French Market which returned 1% over the past year.


Shareholder returns

LINIndustryMarket
7 Day2.8%0.2%0.5%
30 Day6.1%5.9%17.1%
90 Day-1.9%-1.2%11.8%
1 Year4.7%1.2%10.7%10.1%1.9%-0.1%
3 Year-24.1%-33.2%68.3%65.3%17.6%7.9%
5 Year6.4%-18.7%112.2%105.3%52.7%32.0%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

36.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LIN (€26) is trading below our estimate of fair value (€40.81)

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


Price To Earnings Ratio

PE vs Industry: LIN is good value based on its PE Ratio (10.2x) compared to the FR Software industry average (38.2x).

PE vs Market: LIN is good value based on its PE Ratio (10.2x) compared to the French market (21.1x).


Price to Earnings Growth Ratio

PEG Ratio: LIN is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: LIN is good value based on its PB Ratio (1.5x) compared to the FR Software industry average (3.7x).


Next Steps

Future Growth

How is Linedata Services forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

7.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LIN's forecast earnings growth (7.8% per year) is above the savings rate (0.6%).

Earnings vs Market: LIN's earnings (7.8% per year) are forecast to grow slower than the French market (25.2% per year).

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

Revenue vs Market: LIN's revenue (1.3% per year) is forecast to grow slower than the French market (7.3% per year).

High Growth Revenue: LIN's revenue (1.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LIN's Return on Equity is forecast to be low in 3 years time (13.2%).


Next Steps

Past Performance

How has Linedata Services performed over the past 5 years?

-6.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LIN has high quality earnings.

Growing Profit Margin: LIN's current net profit margins (10.3%) are lower than last year (11.3%).


Past Earnings Growth Analysis

Earnings Trend: LIN's earnings have declined by 6.5% per year over the past 5 years.

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

Earnings vs Industry: LIN had negative earnings growth (-14.5%) over the past year, making it difficult to compare to the Software industry average (-3.2%).


Return on Equity

High ROE: LIN's Return on Equity (14.5%) is considered low.


Next Steps

Financial Health

How is Linedata Services's financial position?


Financial Position Analysis

Short Term Liabilities: LIN's short term assets (€72.8M) do not cover its short term liabilities (€80.1M).

Long Term Liabilities: LIN's short term assets (€72.8M) do not cover its long term liabilities (€99.6M).


Debt to Equity History and Analysis

Debt Level: LIN's debt to equity ratio (66.9%) is considered high.

Reducing Debt: LIN's debt to equity ratio has increased from 50.8% to 66.9% over the past 5 years.

Debt Coverage: LIN's debt is well covered by operating cash flow (53.1%).

Interest Coverage: LIN's interest payments on its debt are well covered by EBIT (8.8x coverage).


Balance Sheet


Next Steps

Dividend

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

3.65%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LIN's dividend (3.65%) is higher than the bottom 25% of dividend payers in the French market (1.38%).

High Dividend: LIN's dividend (3.65%) is low compared to the top 25% of dividend payers in the French market (4.68%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37.3%), LIN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: LIN's dividends in 3 years are forecast to be well covered by earnings (47.2% payout ratio).


Next Steps

Management

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

4.8yrs

Average management tenure


CEO

Anvaraly Jiva (68 yo)

no data

Tenure

€864,500

Compensation

Mr. Anvaraly Jiva is the Founder, Chairman, Chief Executive Officer and Chairman of the Executive Board at Linedata Services S.A. He Joined the GSI group in 1978 and led the top management team of GSI Divi...


CEO Compensation Analysis

Compensation vs Market: Anvaraly's total compensation ($USD1.04M) is above average for companies of similar size in the French market ($USD482.12K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Anvaraly Jiva
Founderno data€864.50k56.59%
€ 97.4m
Michael De Verteuil
Deputy Managing Director of Business Developmentno data€412.00kno data
Arnaud Allmang
Group CFO & Co-Head of the Asset Management2.25yrsno datano data
Alfred Mesguich
Chief Technology Officer9.92yrsno datano data
Laurianne Chalony
Chief People Officer & HR Directorno datano datano data
Pierre Wanten
General Director and Head of AGF Epargne Salarialeno datano datano data
Thierry Soret
Head of Fund Services4.83yrsno datano data
Alain Mattei
Head of Lending & Leasing Business Linesno datano datano data
Dick Simpson
Chief Technology Officer Of Tt Internationalno datano datano data
Thierry Maingé
Regional Managing Director of Employee Savings - Southern Europeno datano datano data
Wilson Mok
Regional Managing Director of Asset Management - Asiano datano datano data
Daniel Brisson
Regional Managing Director of Information Technology & Logistics - Southern Europeno datano datano data

4.8yrs

Average Tenure

Experienced Management: LIN's management team is considered experienced (4.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Anvaraly Jiva
Founderno data€864.50k56.59%
€ 97.4m
Vivien Levy-Garboua
Director3.58yrs€35.00kno data
Lise Fauconnier
Directorno data€25.00kno data
Shabrina Jiva
Director3.58yrs€25.00kno data

3.6yrs

Average Tenure

68yo

Average Age

Experienced Board: LIN's board of directors are considered experienced (3.6 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Linedata Services S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Linedata Services S.A.
  • Ticker: LIN
  • Exchange: ENXTPA
  • Founded: 1998
  • Industry: Application Software
  • Sector: Software
  • Market Cap: €172.154m
  • Shares outstanding: 6.57m
  • Website: https://www.linedata.com

Number of Employees


Location

  • Linedata Services S.A.
  • 27 Rue d’Orléans
  • Neuilly-sur-Seine
  • Ile-de-France
  • 92200
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LINENXTPA (Euronext Paris)YesClass A SharesFREURMay 2000
LN4DB (Deutsche Boerse AG)YesClass A SharesDEEURMay 2000
0F2SLSE (London Stock Exchange)YesClass A SharesGBEURMay 2000
LINPBATS-CHIXE (BATS 'Chi-X Europe')YesClass A SharesGBEURMay 2000

Biography

Linedata Services S.A. develops and distributes financial software in France and internationally. It provides asset management solutions for TPA’s/fund and private equity administrators, ManCos, and asset ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/02 19:09
End of Day Share Price2020/12/02 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.