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Sword Group

ENXTPA:SWP
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SWP
ENXTPA
€281M
Market Cap
  1. Home
  2. FR
  3. Software
Company description

Sword Group S.E. provides IT services and software in Europe, North America, the Oceania, and Asia. The last earnings update was 79 days ago. More info.


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SWP Share Price and Events
7 Day Returns
-2.2%
ENXTPA:SWP
-0.2%
FR IT
-0.1%
FR Market
1 Year Returns
-17.8%
ENXTPA:SWP
-19.1%
FR IT
-2.5%
FR Market
SWP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sword Group (SWP) -2.2% -2.8% -11.3% -17.8% 22.9% 57.8%
FR IT -0.2% -1.1% -3.1% -19.1% 30% 62.4%
FR Market -0.1% -1.5% -0.3% -2.5% 34% 27.3%
1 Year Return vs Industry and Market
  • SWP outperformed the IT industry which returned -19.1% over the past year.
  • SWP underperformed the Market in France which returned -2.5% over the past year.
Price Volatility
SWP
Industry
5yr Volatility vs Market
Related Companies

SWP Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Sword Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Sword Group.

ENXTPA:SWP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7%
Perpetual Growth Rate 10-Year FR Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTPA:SWP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6%
IT Unlevered Beta Simply Wall St/ S&P Global 1.01
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.011 (1 + (1- 26.01%) (9.41%))
1.055
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (1.055 * 5.96%)
7.02%

Discounted Cash Flow Calculation for ENXTPA:SWP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sword Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ENXTPA:SWP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.02%)
2019 13.85 Analyst x2 12.94
2020 13.90 Analyst x3 12.14
2021 17.05 Analyst x2 13.91
2022 19.52 Est @ 14.48% 14.88
2023 21.54 Est @ 10.35% 15.34
2024 23.15 Est @ 7.47% 15.41
2025 24.41 Est @ 5.45% 15.18
2026 25.39 Est @ 4.03% 14.76
2027 26.17 Est @ 3.04% 14.21
2028 26.78 Est @ 2.35% 13.59
Present value of next 10 years cash flows €142.36
ENXTPA:SWP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €26.78 × (1 + 0.73%) ÷ (7.02% – 0.73%)
€429.14
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €429.14 ÷ (1 + 7.02%)10
€217.76
ENXTPA:SWP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €142.36 + €217.76
€360.11
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €360.11 / 9.53
€37.8
ENXTPA:SWP Discount to Share Price
Calculation Result
Value per share (EUR) From above. €37.80
Current discount Discount to share price of €29.50
= -1 x (€29.50 - €37.80) / €37.80
22%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Sword Group is available for.
Intrinsic value
22%
Share price is €29.5 vs Future cash flow value of €37.8
Current Discount Checks
For Sword Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sword Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sword Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sword Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sword Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:SWP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €8.55
ENXTPA:SWP Share Price ** ENXTPA (2019-06-14) in EUR €29.5
France IT Industry PE Ratio Median Figure of 31 Publicly-Listed IT Companies 16.82x
France Market PE Ratio Median Figure of 423 Publicly-Listed Companies 17.6x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Sword Group.

ENXTPA:SWP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:SWP Share Price ÷ EPS (both in EUR)

= 29.5 ÷ 8.55

3.45x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sword Group is good value based on earnings compared to the FR IT industry average.
  • Sword Group is good value based on earnings compared to the France market.
Price based on expected Growth
Does Sword Group's expected growth come at a high price?
Raw Data
ENXTPA:SWP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.45x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
-73.3%per year
France IT Industry PEG Ratio Median Figure of 25 Publicly-Listed IT Companies 1.42x
France Market PEG Ratio Median Figure of 268 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

ENXTPA:SWP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 3.45x ÷ -73.3%

-0.05x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sword Group earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sword Group's assets?
Raw Data
ENXTPA:SWP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €15.61
ENXTPA:SWP Share Price * ENXTPA (2019-06-14) in EUR €29.5
France IT Industry PB Ratio Median Figure of 36 Publicly-Listed IT Companies 1.85x
France Market PB Ratio Median Figure of 623 Publicly-Listed Companies 1.46x
ENXTPA:SWP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:SWP Share Price ÷ Book Value per Share (both in EUR)

= 29.5 ÷ 15.61

1.89x

* Primary Listing of Sword Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sword Group is overvalued based on assets compared to the FR IT industry average.
X
Value checks
We assess Sword Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. Sword Group has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SWP Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-73.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sword Group expected to grow at an attractive rate?
  • Sword Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.7%.
Growth vs Market Checks
  • Sword Group's earnings are expected to decrease over the next 1-3 years, this is below the France market average.
  • Sword Group's revenue growth is expected to exceed the France market average.
Annual Growth Rates Comparison
Raw Data
ENXTPA:SWP Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:SWP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts -73.3%
ENXTPA:SWP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 12.6%
France IT Industry Earnings Growth Rate Market Cap Weighted Average 17.1%
France IT Industry Revenue Growth Rate Market Cap Weighted Average 6.6%
France Market Earnings Growth Rate Market Cap Weighted Average 12.8%
France Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTPA:SWP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:SWP Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 250 27 18 2
2020-12-31 229 24 15 3
2019-12-31 202 21 13 3
ENXTPA:SWP Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 171 14 82
2018-06-30 183 14 11
2018-03-31 178 15 11
2017-12-31 144 16 4
2017-09-30 170 18 11
2017-06-30 167 19 11
2017-03-31 163 21 11
2016-12-31 160 22 10
2016-09-30 155 23 9
2016-06-30 150 25 8
2016-03-31 144 22 9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sword Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Sword Group's revenue is expected to grow by 12.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTPA:SWP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Sword Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:SWP Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.86 2.02 1.70 2.00
2020-12-31 1.54 1.72 1.43 3.00
2019-12-31 1.35 1.42 1.28 2.00
ENXTPA:SWP Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 8.55
2018-06-30 1.18
2018-03-31 1.14
2017-12-31 0.38
2017-09-30 1.13
2017-06-30 1.16
2017-03-31 1.14
2016-12-31 1.12
2016-09-30 1.01
2016-06-30 0.90
2016-03-31 0.99

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Sword Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sword Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the France market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the France market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Sword Group has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SWP Past Performance

  How has Sword Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Sword Group's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Sword Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Sword Group's 1-year earnings growth exceeds its 5-year average (2127.6% vs 22.6%)
  • Sword Group's earnings growth has exceeded the FR IT industry average in the past year (2127.6% vs 6.6%).
Earnings and Revenue History
Sword Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Sword Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:SWP Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 171.41 81.53 65.28
2018-06-30 183.33 11.29 64.45
2018-03-31 178.41 10.86 62.18
2017-12-31 144.42 3.66 53.81
2017-09-30 170.07 10.71 57.50
2017-06-30 166.65 10.99 55.09
2017-03-31 163.40 10.75 54.83
2016-12-31 160.16 10.50 54.57
2016-09-30 155.02 9.50 51.84
2016-06-30 149.88 8.49 49.11
2016-03-31 143.72 9.33 44.99
2015-12-31 137.56 10.16 40.87
2015-09-30 132.08 12.13 39.06
2015-06-30 126.60 14.11 37.25
2015-03-31 121.84 13.13 35.88
2014-12-31 117.07 12.15 34.51
2014-09-30 117.85 8.04 63.24
2014-06-30 113.65 15.16 54.59
2014-03-31 110.07 15.27 45.99
2013-12-31 106.50 15.38 37.39
2013-09-30 101.29 14.39
2013-06-30 102.03 15.90
2013-03-31 109.97 16.06
2012-12-31 117.91 16.22
2012-09-30 124.70 -10.55
2012-06-30 132.89 -10.52

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Sword Group made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Sword Group used its assets more efficiently than the FR IT industry average last year based on Return on Assets.
  • Sword Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sword Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Sword Group has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SWP Health

 How is Sword Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Sword Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sword Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sword Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sword Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Sword Group Company Filings, last reported 5 months ago.

ENXTPA:SWP Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 148.88 26.44 112.93
2018-06-30 136.03 26.82 34.17
2018-03-31 136.03 26.82 34.17
2017-12-31 143.04 17.88 38.48
2017-09-30 143.33 17.88 38.48
2017-06-30 141.36 18.58 37.91
2017-03-31 141.36 18.58 37.91
2016-12-31 152.17 14.24 46.20
2016-09-30 152.17 14.24 46.20
2016-06-30 143.48 12.67 40.55
2016-03-31 143.48 12.67 40.55
2015-12-31 161.29 19.68 62.11
2015-09-30 161.29 19.68 62.11
2015-06-30 158.28 44.15 81.13
2015-03-31 158.28 44.15 81.13
2014-12-31 161.78 56.24 104.30
2014-09-30 161.78 56.24 104.30
2014-06-30 149.62 63.47 102.67
2014-03-31 149.62 63.47 102.67
2013-12-31 153.39 69.68 109.57
2013-09-30 131.95 81.12 119.32
2013-06-30 131.95 81.12 119.32
2013-03-31 131.95 81.12 119.32
2012-12-31 137.47 78.17 125.87
2012-09-30
2012-06-30 134.45 93.65 88.15
  • Sword Group's level of debt (17.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (45.4% vs 17.8% today).
  • Debt is well covered by operating cash flow (53.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 79.3x coverage).
X
Financial health checks
We assess Sword Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Sword Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SWP Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.07%
Current annual income from Sword Group dividends. Estimated to be 4.07% next year.
If you bought €2,000 of Sword Group shares you are expected to receive €81 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Sword Group's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.54%).
  • Sword Group's dividend is below the markets top 25% of dividend payers in France (4.41%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTPA:SWP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
France IT Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 1.9%
France Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.1%
France Minimum Threshold Dividend Yield 10th Percentile 0.9%
France Bottom 25% Dividend Yield 25th Percentile 1.5%
France Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTPA:SWP Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.20 2.00
2020-12-31 1.20 2.00
2019-12-31 1.20 2.00
ENXTPA:SWP Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-03-26 1.200 3.636
2017-03-23 1.200 3.530
2016-03-29 1.200 4.618
2015-03-27 1.200 5.383
2014-03-28 1.000 5.409
2014-01-24 1.000 5.605
2013-08-30 0.000 0.000
2013-07-24 0.000 0.000
2013-04-02 1.380 11.449
2013-01-15 1.380 10.254
2012-10-23 1.380 11.010
2012-07-26 1.380 10.931
2012-03-05 0.690 5.971
2012-01-26 0.690 5.268
2011-04-21 0.690 4.646
2011-01-17 0.690 3.083
2010-04-07 0.650 2.621
2010-01-25 0.650 2.503

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sword Group has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Sword Group only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Sword Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (7.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Sword Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Sword Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sword Group has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SWP Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jacques Mottard
COMPENSATION €30,703
AGE 65
CEO Bio

Mr. Jacques F. Mottard founded Sword Group SA on November 17, 2000 and serves as its Chief Executive Officer and Managing Director. Mr. Mottard serves as General Manager and Executive Vice President of Sword Group SA. He serves as the President of Sword Consulting SAS. He has been Executive Chairman of Sword Group SA since June 22, 2001 and serves its Chief Executive Officer. Mr. Mottard serves as President of Sword Suisses, Cronos Luxembourg SA, Sword Nord, SA, Sword DDS FRance and Fircosoft Incorporation. He serves as Chief Executive Officer and President of Sword SA. Mr. Mottard served as Joint Chief Executive Officer of Sword Group SE (a/k/a Sword Group SA) since January 1, 2008. He served as the Chief Executive Officer of Sword Group SA. Mr. Mottard served as President of European Operations of Metamor Worldwide Inc. From 1989 to 1999, he founded and developed Decan, until takeover by the Metamor group in February 1999. He served as President of Metamor Group in Europe since 1989. He served as Sales Engineer at Bull, as well as Regional Manager of Rhône-Alpes and Managing Director at Comelog (IT services). He served as President of European Operations of PSINet Consulting Solutions Inc. He serves as Chairman of the Board of Sword SA. He serves as the Chairman of the Board of DDS Europe Limited, Sword Inc., Sword Creation Informatique SA, Sword Switzerland, Cronos Luxmbourg SA, Sword Security SA, Sword ECM Ltd., Sword Consulting SAS, Acraman Ltd. and Fircosoft Incorporation. He serves as the Chairman of Agencyport Software Ltd. and Sword Soft Limited. He serves as the Chairman of the Board of Sword Insurance Europe Limited. Mr. Mottard served as Chairman of the Metamor Group in Europe until October 2000. Mr. Mottard served as Chairman of Decan until October 2000. He has been a Director of Sword Group SA of CT Space Ltd. since June 22, 2001. He serves as a Director of Sword AS and Sword Consulting SAS. Mr. Mottard studied Diplomas in both Science and Management (Montpellier ESTP (Grande école for public works engineering) and IAE (company administration institute).

CEO Compensation
  • Jacques's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jacques's remuneration is lower than average for companies of similar size in France.
Management Team

Jacques Mottard

TITLE
Executive Chairman
COMPENSATION
€31K
AGE
65

Frédéric Goosse

TITLE
Executive VP
COMPENSATION
€35K

Tony Allen

TITLE
Chief Executive Officer
AGE
51

Julian Mountain

TITLE
Managing Director of HARVARD

Michael Maroccia

TITLE
Chief Financial Officer - US

Pradeep Banerji

TITLE
Offshore Chief Operating Officer

Philippe Calvé

TITLE
Chief Operating Officer of France - South & Paris
AGE
53

Dieter Rogiers

TITLE
Chief Operating Officer of Benelux
AGE
46
Board of Directors Tenure

Average tenure and age of the Sword Group board of directors in years:

8.6
Average Tenure
59
Average Age
  • The tenure for the Sword Group board of directors is about average.
Board of Directors

Jacques Mottard

TITLE
Executive Chairman
COMPENSATION
€31K
AGE
65
TENURE
18 yrs

Frédéric Goosse

TITLE
Executive VP
COMPENSATION
€35K
TENURE
6.3 yrs

M. Ory

TITLE
Independent Director
COMPENSATION
€35K
AGE
59
TENURE
8.1 yrs

François Barbier

TITLE
Independent Director
COMPENSATION
€35K
AGE
53
TENURE
9.2 yrs

Nicolas Mottard

TITLE
Director
COMPENSATION
€20K
TENURE
18 yrs

Patrice Crochet

TITLE
Independent Director
COMPENSATION
€35K
TENURE
5.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Sword Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Sword Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SWP News

Simply Wall St News

Here's What You Should Know About Sword Group S.E.'s (EPA:SWP) 4.1% Dividend Yield

With a cash payout ratio of 167%, Sword Group's dividend payments are poorly covered by cash flow. … It's good to see Sword Group has been growing its earnings per share at 39% a year over the past 5 years. … Conclusion To summarise, shareholders should always check that Sword Group's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.

Simply Wall St -

A Closer Look At Sword Group S.E.'s (EPA:SWP) Impressive ROE

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Sword Group: 55% = €82m ÷ €149m (Based on the trailing twelve months to December 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Does Sword Group Have A Good Return On Equity? … Sword Group's Debt And Its 55% ROE While Sword Group does have some debt, with debt to equity of just 0.18, we wouldn't say debt is excessive.

Simply Wall St -

Are Investors Undervaluing Sword Group S.E. (EPA:SWP) By 45%?

by taking the expected future cash flows and discounting them to their present value. … I will use the Discounted Cash Flow (DCF) model! … We generally believe that a company's value is the present value of all of the cash it will generate in the future.

Simply Wall St -

A Holistic Look At Sword Group S.E. (EPA:SWP)

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … that has been able to sustain great financial health over the past

Simply Wall St -

What Does Sword Group S.E.’s (EPA:SWP) 13% ROCE Say About The Business?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

Sword Group Shareholders Have Enjoyed A 84% Share Price Gain

(EPA:SWP) share price is up 84% in the last 5 years, clearly besting than the market return of around 55%. … During five years of share price growth, Sword Group actually saw its EPS drop 7.7% per year. … Because earnings per share don't seem to match up with the share price, we'll take a look at other metrics instead.

Simply Wall St -

Are Sword Group S.E. (EPA:SWP) Shareholders Getting A Good Deal?

Today we will examine Sword Group’s ability to generate cash flows, as well as the level of capital expenditure it is expected to incur over the next couple of years, which will result in how much money goes to you. … View our latest analysis for Sword Group? … Free cash flow (FCF) is the amount of cash Sword Group has left after it pays off its expenses, including its net capital expenditures, which is what the company needs to spend each year to maintain or grow its business operations.

Simply Wall St -

Do Institutions Own Sword Group S.E. (EPA:SWP) Shares?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Sword Group is not a large company by global standards. … institutions own shares in the company.

Simply Wall St -

How Good Is Sword Group S.E. (EPA:SWP), When It Comes To ROE?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every €1 worth of equity in the company, it was able to earn €0.095. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Sword Group S.E.'s (EPA:SWP) Balance Sheet A Threat To Its Future?

(EPA:SWP) is a small-cap stock with a market capitalization of €278m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is

Simply Wall St -

SWP Company Info

Description

Sword Group S.E. provides IT services and software in Europe, North America, the Oceania, and Asia. Its products include Sword Achiever, an enterprise quality management software; Sword Active Risk, a project and enterprise risk management software package; Sword Apak, an automotive and asset wholesale finance floor planning solution and core banking system; Sword Mobile that provides retail loan origination finance apps for smartphones and tablets; and Sword Intellect for managing intellectual property rights. The company’s products also comprise Sword Connect, an enterprise information search solution; Sword Insight, a solution that deploys visual investigation; Sword Kami, a desktop publishing document template design solutions; Sword Orizon, a turnkey telemedicine solution; and Sword Seek & Share, a market intelligence and information sharing solution. In addition, it provides a range of services comprising enterprise content management; enterprise portal deployment, Web content management, process management, collaborative work, enterprise social networking, customer relationship management, information retrieval, repository management, and natural language processing; geographic information system; business intelligence; management consulting, IT strategy consulting, project management, quality assurance and testing, and digital marketing and CRM, as well as information systems performance engineering; specific and business intranet development; development of Web and mobile applications; infrastructure and the cloud; cyber security; and interconnection and interoperability of information systems. The company serves institutions and government, healthcare, banks and insurance, intellectual property, and sports federations markets. Sword Group S.E. has strategic partnerships with EMC2, Google, IBM, Kudelski Security, Microsoft, and Oracle. Sword Group S.E. was founded in 2000 and is headquartered in Luxembourg City, Luxembourg.

Details
Name: Sword Group S.E.
SWP
Exchange: ENXTPA
Founded: 2000
€281,066,058
9,527,663
Website: http://www.sword-group.com
Address: Sword Group S.E.
2 Rue d'Arlon,
Windhof,
Luxembourg City,
8399,
Luxembourg
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA SWP Common Shares Euronext Paris FR EUR 13. Mar 2002
DB 9RS Common Shares Deutsche Boerse AG DE EUR 13. Mar 2002
LSE 0MN5 Common Shares London Stock Exchange GB EUR 13. Mar 2002
BATS-CHIXE SWPP Common Shares BATS 'Chi-X Europe' GB EUR 13. Mar 2002
Number of employees
Current staff
Staff numbers
1,781
Sword Group employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 20:50
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/04/26
Last earnings filing: 2019/03/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.