ENXTPA:MLCEC

Stock Analysis Report

Executive Summary

SA Cecurity.com develops and publishes software for secure exchange and archiving of digital originals.

Rewards

Earnings grew by 60.1% over the past year

Risk Analysis

Revenue has declined by -0.9% over the past year

Does not have a meaningful market cap (€6M)

Large one-off items impacting financial results

Latest financial reports are more than 6 months old



Snowflake Analysis

Adequate balance sheet with questionable track record.

Share Price & News

How has SA Cecurity.com's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

MLCEC

0.08%

FR Software

1.4%

FR Market


1 Year Return

40.5%

MLCEC

20.9%

FR Software

17.0%

FR Market

Return vs Industry: Insufficient data to determine how MLCEC performed against the French Software industry.

Return vs Market: Insufficient data to determine how MLCEC performed against the French Market.


Shareholder returns

MLCECIndustryMarket
7 Day0%0.08%1.4%
30 Day18.0%-1.1%-0.02%
90 Dayn/a11.0%3.9%
1 Year40.5%40.5%21.5%20.9%21.1%17.0%
3 Year32.3%22.9%94.2%90.2%44.4%30.8%
5 Year3.9%-11.9%152.7%142.2%56.1%34.0%

Price Volatility Vs. Market

How volatile is SA Cecurity.com's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is SA Cecurity.com undervalued compared to its fair value and its price relative to the market?

43.07x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MLCEC's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MLCEC's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MLCEC is poor value based on its PE Ratio (43.1x) compared to the Software industry average (33.7x).

PE vs Market: MLCEC is poor value based on its PE Ratio (43.1x) compared to the French market (18.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MLCEC is good value based on its PB Ratio (1.5x) compared to the FR Software industry average (2.5x).


Next Steps

Future Growth

How is SA Cecurity.com forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.3%

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 SA Cecurity.com 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 SA Cecurity.com performed over the past 5 years?

60.1%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: MLCEC has a large one-off loss of €13.3K impacting its December 31 2018 financial results.

Growing Profit Margin: MLCEC's current net profit margins (2.2%) are higher than last year (1.3%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if MLCEC's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare MLCEC's past year earnings growth to its 5-year average.

Earnings vs Industry: MLCEC earnings growth over the past year (60.1%) exceeded the Software industry 3%.


Return on Equity

High ROE: MLCEC's Return on Equity (3.6%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is SA Cecurity.com's financial position?


Financial Position Analysis

Short Term Liabilities: MLCEC's short term assets (€5.2M) exceed its short term liabilities (€3.1M).

Long Term Liabilities: MLCEC's short term assets (€5.2M) exceed its long term liabilities (€363.8K).


Debt to Equity History and Analysis

Debt Level: MLCEC's debt to equity ratio (12%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if MLCEC's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: MLCEC's debt is not well covered by operating cash flow (5.8%).

Interest Coverage: MLCEC earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: MLCEC's debt is covered by short term assets (assets are 10.3x debt).


Next Steps

Dividend

What is SA Cecurity.com's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%4.5%industryaverage0.5%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate MLCEC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate MLCEC's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MLCEC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MLCEC's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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


Next Steps

Management

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


CEO

Alain Borghesi 0

0

Mr. Alain Borghesi founded Cecurity.com Société Anonyme in 1984 and serves as its Chairman and Managing Director. Since 1984, Mr. Borghesi is a Professional specialized in companies and customers ebusiness ...


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.


Top Shareholders

Company Information

SA Cecurity.com's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SA Cecurity.com
  • Ticker: MLCEC
  • Exchange: ENXTPA
  • Founded:
  • Industry: Application Software
  • Sector: Software
  • Market Cap: €6.457m
  • Shares outstanding: 10.94m
  • Website: https://www.cecurity.com

Number of Employees


Location

  • SA Cecurity.com
  • 75 rue Saint-Lazare
  • Paris
  • Ile-de-France
  • 75009
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MLCECENXTPA (Euronext Paris)YesShare CapitalFREURFeb 2009

Biography

SA Cecurity.com develops and publishes software for secure exchange and archiving of digital originals. The company offers CecurCrypt, an encrypted electronic vault for secured and legal archiving documents; Communicating Electronic Vault, a solution for bulk deposit of documents; CecurHybrid, a digitization of outgoing paper and electronic administrative correspondence; Proof, Exchange, and Archiving, a electronic archival storage; CFJL, an event logging vault that enables regulatory archiving of gaming events; and DocFlow, a solution for Invoice approval and legal archiving. It provides solutions for e-billing, copies, electronic pay slips, paper free contacts, and electronic statements. The company also offers services based on Software-as-a-Service mode. It serves banks, insurance companies, public authorities, regulated professions, and distribution companies. SA Cecurity.com is based in Paris, France. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/18 21:45
End of Day Share Price2020/02/17 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.