i2S (ENXTPA:ALI2S) - Share price, News & Analysis

Q: What is the Fair Price of ALI2S when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

ALI2S (€5.8) is trading below our estimate of [[fair value]] (€25.49)

ALI2S fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	2/6
Financial Health	5/6
Dividends	3/6

ALI2S Stock Overview

i2S SA provides image capture and processing solution in France.

Rewards

Trading at 77.2% below our estimate of its fair value

Became profitable this year

Risk Analysis

Unstable dividend track record

Large one-off items impacting financial results

Does not have a meaningful market cap (€10M)

i2S Competitors

Egide

ENXTPA:GID

€8.6m

Groupe Tera

ENXTPA:ALGTR

€24.0m

AURES Technologies

ENXTPA:AURS

€56.6m

Grenobloise d'Electronique et d'Automatismes Société Anonyme

ENXTPA:GEA

€94.6m

Price History & Performance

Summary of all time highs, changes and price drops for i2S
Historical stock prices
Current Share Price	€5.80
52 Week High	€7.00
52 Week Low	€3.60
Beta	-0.21
1 Month Change	-0.86%
3 Month Change	-9.38%
1 Year Change	n/a
3 Year Change	88.31%
5 Year Change	75.76%
Change since IPO	-55.35%

Recent News & Updates

May 12

i2S (EPA:ALI2S) Has A Rock Solid Balance Sheet

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Feb 07

i2S (EPA:ALI2S) Might Have The Makings Of A Multi-Bagger

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Shareholder Returns

	ALI2S	FR Electronic	FR Market
7D	1.8%	3.9%	1.7%
1Y	n/a	37.3%	-4.8%

Return vs Industry: Insufficient data to determine how ALI2S performed against the French Electronic industry.

Return vs Market: Insufficient data to determine how ALI2S performed against the French Market.

Price Volatility

Is ALI2S's price volatile compared to industry and market?
ALI2S volatility
ALI2S Average Weekly Movement	n/a
Electronic Industry Average Movement	4.8%
Market Average Movement	4.9%
10% most volatile stocks in FR Market	9.3%
10% least volatile stocks in FR Market	2.8%

Stable Share Price: Insufficient data to determine ALI2S's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine ALI2S's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1979	68	Xavier Datin	https://www.i2s.fr

i2S SA provides image capture and processing solution in France. The company offers heritage digitization solutions, including small book, large book, and V shape book scanners; range of software solutions, such as LIMB Capture, a solution for digitization of projects; LIMB processing, a software for processing, enhancing, and converting cultural heritage into digital cultural heritage; LIMB Gallery, a digital library; and LIBM Maestro that supervises digitization of projects to libraries, archives, museums, service providers, and universities. It also provides health wellness solutions comprising in vitro diagnostic medical devices; connected portable tools; and e-health software solutions, as well as Irisolution platform.

i2S Fundamentals Summary

How do i2S's earnings and revenue compare to its market cap?
ALI2S fundamental statistics
Market Cap	€10.09m
Earnings (TTM)	€730.25k
Revenue (TTM)	€18.72m

13.8x

P/E Ratio

0.5x

P/S Ratio

Is ALI2S overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ALI2S income statement (TTM)
Revenue	€18.72m
Cost of Revenue	€13.01m
Gross Profit	€5.72m
Other Expenses	€4.99m
Earnings	€730.25k

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.42
Gross Margin	30.53%
Net Profit Margin	3.90%
Debt/Equity Ratio	77.8%

How did ALI2S perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

34%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

Is ALI2S undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ALI2S?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for ALI2S. This is calculated by dividing ALI2S's market cap by their current preferred multiple.
What is ALI2S's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	€10.09m

ALI2S key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.4x
Enterprise Value/EBITDA	7.3x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does ALI2S's PE Ratio compare to its peers?

ALI2S PE Ratio vs Peers

The above table shows the PE ratio for ALI2S vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	68.1x
GID Egide	42.7x	n/a	€8.6m
ALGTR Groupe Tera	164.5x	76.8%	€24.0m
AURS AURES Technologies	22.5x	60.9%	€56.6m
GEA Grenobloise d'Electronique et d'Automatismes Société Anonyme	42.6x	n/a	€94.6m
ALI2S i2S	13.8x	n/a	€10.1m

Price-To-Earnings vs Peers: ALI2S is good value based on its Price-To-Earnings Ratio (13.8x) compared to the peer average (68.1x).

Price to Earnings Ratio vs Industry

How does ALI2S's PE Ratio compare vs other companies in the European Electronic Industry?

Price-To-Earnings vs Industry: ALI2S is good value based on its Price-To-Earnings Ratio (13.8x) compared to the French Electronic industry average (22.5x)

Price to Earnings Ratio vs Fair Ratio

What is ALI2S's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ALI2S PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	13.8x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ALI2S's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of ALI2S when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ALI2S (€5.8) is trading below our estimate of fair value (€25.49)

Significantly Below Fair Value: ALI2S is trading below fair value by more than 20%.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

How is i2S forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

49.6%

Forecasted Tech 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 i2S 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.

Discover growth companies

Examine whether i2S is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
i2S competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has i2S performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

58.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ALI2S has a large one-off loss of €218.7K impacting its December 31 2021 financial results.

Growing Profit Margin: ALI2S became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: ALI2S's earnings have grown significantly by 58.4% per year over the past 5 years.

Accelerating Growth: ALI2S has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ALI2S has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electronic industry (23.5%).

Return on Equity

High ROE: ALI2S's Return on Equity (10.6%) is considered low.

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Financial Health

How is i2S's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: ALI2S's short term assets (€15.3M) exceed its short term liabilities (€6.2M).

Long Term Liabilities: ALI2S's short term assets (€15.3M) exceed its long term liabilities (€4.4M).

Debt to Equity History and Analysis

Debt Level: ALI2S has more cash than its total debt.

Reducing Debt: ALI2S's debt to equity ratio has increased from 7.4% to 77.8% over the past 5 years.

Debt Coverage: ALI2S's debt is well covered by operating cash flow (29.2%).

Interest Coverage: ALI2S's interest payments on its debt are well covered by EBIT (19.5x coverage).

Balance Sheet

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Dividend

What is i2S current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage

2.41%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ALI2S's dividend (2.41%) is higher than the bottom 25% of dividend payers in the French market (1.68%).

High Dividend: ALI2S's dividend (2.41%) is low compared to the top 25% of dividend payers in the French market (5.22%).

Stability and Growth of Payments

Stable Dividend: Too early to tell whether ALI2S's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if ALI2S's dividend payments are increasing as they only just started paying a dividend.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (34.1%), ALI2S's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (47.4%), ALI2S's dividend payments are well covered by cash flows.

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Management

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

CEO

Xavier Datin

no data

Tenure

Mr. Xavier Datin serves as the Chief Executive Officer at i2S SA. He has been a Director of i2S SA since July 06, 2021 and has been its Chairman since September 15, 2021. He began his career in vision with...

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.

Data	Last Updated (UTC time)
Company Analysis	2022/08/16 00:00
End of Day Share Price	2022/08/16 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31