Recent Insider Transactions • Jul 18
Non-Executive Chairman recently sold €37m worth of stock On the 12th of July, Pantelis Nikolopoulos sold around 5m shares on-market at roughly €8.00 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Pantelis' only on-market trade for the last 12 months. Announcement • Jul 01
Entersoft S.A. to Report First Half, 2024 Results on Jul 30, 2024 Entersoft S.A. announced that they will report first half, 2024 results on Jul 30, 2024 Announcement • May 01
Entersoft S.A., Annual General Meeting, May 17, 2024 Entersoft S.A., Annual General Meeting, May 17, 2024, at 11:00 E. Europe Standard Time. Reported Earnings • Apr 16
Full year 2023 earnings released: EPS: €0.26 (vs €0.20 in FY 2022) Full year 2023 results: EPS: €0.26 (up from €0.20 in FY 2022). Revenue: €37.8m (up 28% from FY 2022). Net income: €7.77m (up 29% from FY 2022). Profit margin: 21% (in line with FY 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 09
Entersoft S.A.(ATSE:ENTER) dropped from ATHEX Composite Index Entersoft S.A. has been removed from ATHEX Composite Index . New Risk • Feb 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company. Announcement • Jan 27
Entersoft S.A. to Report Q4, 2023 Results on Feb 09, 2024 Entersoft S.A. announced that they will report Q4, 2023 results on Feb 09, 2024 Announcement • Oct 02
Entersoft S.A. to Report Nine Months, 2023 Results on Oct 11, 2023 Entersoft S.A. announced that they will report nine months, 2023 results on Oct 11, 2023 Reported Earnings • Aug 06
First half 2023 earnings released: EPS: €0.14 (vs €0.10 in 1H 2022) First half 2023 results: EPS: €0.14 (up from €0.10 in 1H 2022). Revenue: €19.2m (up 32% from 1H 2022). Net income: €4.24m (up 41% from 1H 2022). Profit margin: 22% (up from 21% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 06
Entersoft S.A. (ATSE:ENTER) agreed to acquire 100% stake in SW RetailSoft SA for €1.2 million. Entersoft S.A. (ATSE:ENTER) agreed to acquire 100% stake in SW RetailSoft SA for €1.2 million on July 4, 2023. As per the Agreement Entersoft will pay an earnout bonus depending on the achievement of revenue and profitability targets for the year 2023. Theacquisition will be financed from Entersoft's own funds. SW RetailSoft SA posted revenue of approximately €1.45 million and Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) amounted to €0.2 million for the year ended 2022. New Risk • Jul 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Greek stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Jul 01
Entersoft S.A. to Report First Half, 2023 Results on Jul 24, 2023 Entersoft S.A. announced that they will report first half, 2023 results on Jul 24, 2023 Upcoming Dividend • Jun 02
Upcoming dividend of €0.10 per share at 2.0% yield Eligible shareholders must have bought the stock before 09 June 2023. Payment date: 16 June 2023. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Greek dividend payers (5.4%). Higher than average of industry peers (1.4%). Announcement • May 10
Entersoft S.A. (ATSE:ENTER) signed an agreement to acquire 55.6% stake in SMARTCV P.C for €0.39 million. Entersoft S.A. (ATSE:ENTER) signed an agreement to acquire 55.6% stake in SMARTCV P.C for €0.39 million on May 9, 2023. During 2022, SmartCV recorded revenues of just under €0.1 million. Entersoft will acquire 62% stake in SMARTCV through a combination of acquisition of shares and an equity injection for €0.528 million, of which €0.39 million as price for the acquisition of 55.6% from existing partners, and the remainder as an equity injection to support the company in the implementation of its business plan. The founders of the company will join the Entersoft group and will continue to manage the implementation of SmartCV's business plan. Announcement • Feb 02
Entersoft S.A. (ATSE:ENTER) acquired C.G. Soft L.T.D. for €3.5 million. Entersoft S.A. (ATSE:ENTER) acquired C.G. Soft L.T.D. for €3.5 million on January 31, 2023. During the financial year 2022, it generated revenues of approximately €1.6 million and EBITDA of €0.64 million. The company has no outstanding debt and at the time of acquisition it had more than €0.25 million in cash. In addition, Entersoft will pay an earnout bonus based on the achievement of revenue and profitability targets over the next two years. The acquisition will be financed from Entersoft's own funds. Following the acquisition, CGSoft's personnel will join the Entersoft group.Entersoft S.A. (ATSE:ENTER) completed the acquisition of C.G. Soft L.T.D. on January 31, 2023. Announcement • Jan 26
Entersoft S.A. to Report Fiscal Year 2022 Results on Feb 21, 2023 Entersoft S.A. announced that they will report fiscal year 2022 results on Feb 21, 2023 Price Target Changed • Nov 16
Price target decreased to €7.25 Down from €7.95, the current price target is provided by 1 analyst. New target price is 89% above last closing price of €3.84. Stock is down 28% over the past year. The company is forecast to post earnings per share of €0.21 for next year compared to €0.19 last year. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • Nov 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be €4.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 65% in 2 years. Earnings is forecast to grow by 64% in the next 2 years. Announcement • Oct 01
Entersoft S.A. to Report Nine Months, 2022 Results on Oct 14, 2022 Entersoft S.A. announced that they will report nine months, 2022 results on Oct 14, 2022 Reported Earnings • Aug 03
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €3.32m from profit in 1H 2021). Profit margin: (down from 26% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 36%, compared to a 13% growth forecast for the industry in Greece. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 01
Entersoft S.A. to Report Q2, 2022 Results on Aug 01, 2022 Entersoft S.A. announced that they will report Q2, 2022 results on Aug 01, 2022 Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €3.70, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 27x in the Software industry in Europe. Total returns to shareholders of 295% over the past three years. Announcement • May 27
Entersoft S.A. (ATSE:ENTER) acquired 75% stake in BIT Software for €3 million. Entersoft S.A. (ATSE:ENTER) acquired 75% stake in BIT Software for €3 million on May 26, 2022. The acquisition will be financed from Entersoft’s available cash. Following the acquisition, Entersoft will merge its existing subsidiary in Romania with the newly acquired BIT Software in order to consolidate its presence in the market. The new company will operate in Romania under the BIT Software brand. For 2021, BIT Software reported revenues of €3.2 million and EBITDA of €0.3 million. At the time of the agreement, BIT Software had 71 employees with headquarters in Brasov and a branch in Bucharest.
Entersoft S.A. (ATSE:ENTER) completed the acquisition of 75% stake in BIT Software on May 26, 2022. Upcoming Dividend • May 06
Upcoming dividend of €0.09 per share Eligible shareholders must have bought the stock before 13 May 2022. Payment date: 20 May 2022. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Greek dividend payers (4.6%). Higher than average of industry peers (1.6%). Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 01
Entersoft S.A. to Report Q1, 2022 Results on Apr 19, 2022 Entersoft S.A. announced that they will report Q1, 2022 results on Apr 19, 2022 Recent Insider Transactions • Mar 30
MD & Executive Director recently sold €52k worth of stock On the 23rd of March, Antonios Kotzamanidis sold around 11k shares on-market at roughly €4.91 per share. In the last 3 months, there was an even bigger sale from another insider worth €95k. This was Antonios' only on-market trade for the last 12 months. Reported Earnings • Mar 17
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: €0.19 (up from €0.12 in FY 2020). Revenue: €24.0m (up 45% from FY 2020). Net income: €5.72m (up 64% from FY 2020). Profit margin: 24% (up from 21% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 6.2%. Over the next year, revenue is forecast to grow 28%, compared to a 19% growth forecast for the industry in Greece. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 98% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 03
Entersoft S.A. to Report Q4, 2021 Results on Mar 14, 2022 Entersoft S.A. announced that they will report Q4, 2021 results on Mar 14, 2022 Recent Insider Transactions • Jan 13
Board Member recently sold €95k worth of stock On the 7th of January, Aikaterini Papachristopoulou sold around 16k shares on-market at roughly €5.90 per share. In the last 3 months, there was an even bigger sale from another insider worth €3.6m. Insiders have been net sellers, collectively disposing of €10m more than they bought in the last 12 months. Announcement • Jan 06
Entersoft S.A. (ATSE:ENTER) acquired Logon SA for €1.3 million. Entersoft S.A. (ATSE:ENTER) agreed to acquire Logon SA for €1.3 million on January 3, 2022. The consideration includes payment of €0.8 million upon signing the agreement, €0.25 million in 6 months and €0.25 million in 12 months. This acquisition will be financed from the company’s cash.
Entersoft S.A. (ATSE:ENTER) completed the acquisition of Logon SA on January 4, 2022. Recent Insider Transactions • Dec 24
Non-Executive Chairman recently sold €3.6m worth of stock On the 16th of December, Pantelis Nikolopoulos sold around 700k shares on-market at roughly €5.10 per share. This was the largest sale by an insider in the last 3 months. Pantelis has been a seller over the last 12 months, reducing personal holdings by €7.7m. Recent Insider Transactions • Sep 26
Board Member recently sold €51k worth of stock On the 22nd of September, Aikaterini Papachristopoulou sold around 10k shares on-market at roughly €5.09 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.1m. Insiders have been net sellers, collectively disposing of €6.3m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 16% share price gain to €4.90, the stock trades at a trailing P/E ratio of 30.6x. Average trailing P/E is 45x in the Software industry in Europe. Total returns to shareholders of 839% over the past three years. Recent Insider Transactions • Jul 31
Non-Executive Chairman recently sold €1.1m worth of stock On the 26th of July, Pantelis Nikolopoulos sold around 300k shares on-market at roughly €3.80 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.3m. Pantelis has been a seller over the last 12 months, reducing personal holdings by €4.0m. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 16% share price gain to €3.90, the stock trades at a trailing P/E ratio of 32.8x. Average trailing P/E is 46x in the Software industry in Europe. Total returns to shareholders of 609% over the past three years. Recent Insider Transactions • Jul 08
Non-Executive Chairman recently sold €720k worth of stock On the 1st of July, Pantelis Nikolopoulos sold around 200k shares on-market at roughly €3.60 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.3m. Pantelis has been a seller over the last 12 months, reducing personal holdings by €2.8m. Recent Insider Transactions • Jun 25
Board Member recently sold €1.3m worth of stock On the 18th of June, Aikaterini Papachristopoulou sold around 350k shares on-market at roughly €3.60 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.4m more than they bought in the last 12 months. Upcoming Dividend • Jun 10
Upcoming dividend of €0.06 per share Eligible shareholders must have bought the stock before 16 June 2021. Payment date: 22 June 2021. Trailing yield: 1.7%. Lower than top quartile of Greek dividend payers (4.0%). Higher than average of industry peers (1.3%). Recent Insider Transactions • Jun 10
Non-Executive Chairman recently sold €875k worth of stock On the 4th of June, Pantelis Nikolopoulos sold around 250k shares on-market at roughly €3.50 per share. This was the largest sale by an insider in the last 3 months. Pantelis has been a seller over the last 12 months, reducing personal holdings by €2.1m. Recent Insider Transactions • May 15
Board Member recently sold €51k worth of stock On the 10th of May, Aikaterini Papachristopoulou sold around 14k shares on-market at roughly €3.51 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.1m more than they bought in the last 12 months. Reported Earnings • Apr 25
Full year 2020 earnings released: EPS €0.12 (vs €0.083 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €16.6m (up 7.5% from FY 2019). Net income: €3.50m (up 57% from FY 2019). Profit margin: 21% (up from 14% in FY 2019). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 04
Entersoft S.A. (ATSE:ENTER) acquired Wedia Ltd for €0.5 million. Entersoft S.A. (ATSE:ENTER) signed an agreement to acquire Wedia Ltd for €0.5 million on February 26, 2021. The consideration will be paid in cash. The acquisition will be financed from the company's cash. For the year 2020 Wedia recorded the revenue of €1.4 million. The deal is subject to approval of acquirer board. On February 26, 2021 Entersoft board approved the deal.
Entersoft S.A. (ATSE:ENTER) completed the acquisition of Wedia Ltd on March 1, 2021. Announcement • Dec 31
Entersoft S.A. (ATSE:ENTER) acquired Optimum S.A. for €5.1 million. Entersoft S.A. (ATSE:ENTER) acquired Optimum S.A. for €5.1 million on December 29, 2020. As per the transaction, 50% of consideration shall be payable upon signing the agreement, 25% in 12 months and 25% in 18 months. This transaction will be financed partly from the funds raised by the listing of Entersoft on the ATHEX Main Stock Market and partly from the company's cash. For the year 2019, Optimum S.A. has reported revenues of €2.36 million and profit before taxes of €0.44 million. Apostolos Theodoropoulos, who until today was the Chief Executive Officer of Optimum, will be the head of the new joint activity in Supply Chain Management software and services. This transaction will not have a significant impact on Entersoft S.A. results for year 2020.
Entersoft S.A. (ATSE:ENTER) completed the acquisition of Optimum S.A. on December 29, 2020. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 22% share price gain to €2.58, the stock is trading at a trailing P/E ratio of 24.9x, up from the previous P/E ratio of 20.5x. This compares to an average P/E of 38x in the Software industry in Europe. Total returns to shareholders over the past three years are 583%. Is New 90 Day High Low • Dec 15
New 90-day high: €2.18 The company is up 25% from its price of €1.75 on 15 September 2020. The Greek market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Software industry, which is up 26% over the same period. Is New 90 Day High Low • Nov 20
New 90-day high: €1.88 The company is up 13% from its price of €1.66 on 21 August 2020. The Greek market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 11% over the same period.