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TES

TessiENXTPA:TES Stock Report

Market Cap

€546.3m

7D

0%

1Y

69.2%

Updated

26 Oct, 2021

Data

Company Financials
TES fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health4/6
Dividends0/6

TES Overview

Tessi SA provides business process services in Europe and Latin America.

Tessi Competitors

Accenture

NYSE:ACN

US$225.1b

Teleperformance

ENXTPA:TEP

€21.1b

Sopra Steria Group

ENXTPA:SOP

€3.4b

Esker

ENXTPA:ALESK

€1.6b

Price History & Performance

Summary of all time highs, changes and price drops for Tessi
Historical stock prices
Current Share Price€167.50
52 Week High€97.00
52 Week Low€172.00
Beta1.17
1 Month Change-0.30%
3 Month Change-0.30%
1 Year Change69.19%
3 Year Change30.86%
5 Year Change20.58%
Change since IPO570.27%

Recent News & Updates

Jun 08
Does Tessi (EPA:TES) Have A Healthy Balance Sheet?

Does Tessi (EPA:TES) Have A Healthy Balance Sheet?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Apr 20
Should Tessi SA (EPA:TES) Be Part Of Your Dividend Portfolio?

Should Tessi SA (EPA:TES) Be Part Of Your Dividend Portfolio?

Could Tessi SA ( EPA:TES ) be an attractive dividend share to own for the long haul? Investors are often drawn to...

Shareholder Returns

TESFR ITFR Market
7D0%-0.3%1.8%
1Y69.2%35.9%40.2%

Return vs Industry: TES exceeded the French IT industry which returned 34% over the past year.

Return vs Market: TES exceeded the French Market which returned 37% over the past year.

Price Volatility

Is TES's price volatile compared to industry and market?
TES volatility
TES Beta1.17
Industry Beta1.35
Market Beta1

Stable Share Price: TES is less volatile than 75% of French stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: TES's weekly volatility has decreased from 6% to 1% over the past year.

About the Company

FoundedEmployeesCEOWebsite
197112,316Olivier Jollandhttps://www.tessi.fr

Tessi SA provides business process services in Europe and Latin America. It engages in digitization of document processes, such as document services that include digitizing incoming multi-channel flows, electronic document management, onboarding and subscription, electronic archiving, desktop publishing, outbound and direct marketing, digitizing human resources, and digitizing promotions; and payment services, including procure to pay, bank processing of cheques, receipts processing and cash matching, order to cash, monitoring - Tessi legal info, and, E-declarations. The company also offers partial and total delegated management solutions; and customer relations and marketing services, such as activations and shopper marketing, relational marketing, and multi-channel client relationship.

Tessi Fundamentals Summary

How do Tessi's earnings and revenue compare to its market cap?
TES fundamental statistics
Market Cap€546.32m
Earnings (TTM)€28.06m
Revenue (TTM)€447.66m

19.5x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TES income statement (TTM)
Revenue€447.66m
Cost of Revenue€30.31m
Gross Profit€417.35m
Expenses€389.29m
Earnings€28.06m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)8.60
Gross Margin93.23%
Net Profit Margin6.27%
Debt/Equity Ratio111.9%

How did TES perform over the long term?

See historical performance and comparison

Valuation

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

19.47x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TES (€167.5) is trading above our estimate of fair value (€3.16)

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


Price To Earnings Ratio

PE vs Industry: TES is good value based on its PE Ratio (19.5x) compared to the French IT industry average (23.9x).

PE vs Market: TES's PE Ratio (19.5x) is in line with the French market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TES is good value based on its PB Ratio (3x) compared to the FR IT industry average (3.4x).


Future Growth

How is Tessi forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.1%

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 Tessi 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.


Past Performance

How has Tessi performed over the past 5 years?

-0.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TES has high quality earnings.

Growing Profit Margin: TES's current net profit margins (6.3%) are lower than last year (9.6%).


Past Earnings Growth Analysis

Earnings Trend: TES's earnings have declined by 0.4% per year over the past 5 years.

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

Earnings vs Industry: TES had negative earnings growth (-14.3%) over the past year, making it difficult to compare to the IT industry average (0.9%).


Return on Equity

High ROE: TES's Return on Equity (16.1%) is considered low.


Financial Health

How is Tessi's financial position?


Financial Position Analysis

Short Term Liabilities: TES's short term assets (€326.2M) exceed its short term liabilities (€276.2M).

Long Term Liabilities: TES's short term assets (€326.2M) exceed its long term liabilities (€277.5M).


Debt to Equity History and Analysis

Debt Level: TES's debt to equity ratio (111.9%) is considered high.

Reducing Debt: TES's debt to equity ratio has reduced from 116.9% to 111.9% over the past 5 years.

Debt Coverage: TES's debt is not well covered by operating cash flow (16.8%).

Interest Coverage: TES's interest payments on its debt are well covered by EBIT (5.9x coverage).


Balance Sheet


Dividend

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


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: TES is not paying a notable dividend for the French market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TES'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?

2.9yrs

Average management tenure


CEO

Olivier Jolland (52 yo)

4.75yrs

Tenure

€605,433

Compensation

Mr. Olivier Jolland serves as CEO and Member of Management Board of Tessi SA since February 22, 2017. He had been General Manager of Tessi SA since 2018. Mr. Jolland served as the Chief Financial Officer a...


CEO Compensation Analysis

Compensation vs Market: Olivier's total compensation ($USD701.95K) is about average for companies of similar size in the French market ($USD547.30K).

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


Leadership Team

Experienced Management: TES's management team is considered experienced (2.9 years average tenure).


Board Members

Experienced Board: TES's board of directors are considered experienced (4.5 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

Tessi SA's employee growth, exchange listings and data sources


Key Information

  • Name: Tessi SA
  • Ticker: TES
  • Exchange: ENXTPA
  • Founded: 1971
  • Industry: Data Processing and Outsourced Services
  • Sector: Software
  • Market Cap: €546.323m
  • Shares outstanding: 3.26m
  • Website: https://www.tessi.fr

Number of Employees


Location

  • Tessi SA
  • 14 rue des Arts et Métiers
  • Cedex
  • Grenoble
  • Rhône-Alpes
  • 38027
  • France

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 18:00
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.