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TNXT

TinextaBIT:TNXT Stock Report

Market Cap

€2.0b

7D

7.9%

1Y

128.2%

Updated

26 Oct, 2021

Data

Company Financials +
TNXT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth5/6
Past Performance5/6
Financial Health3/6
Dividends2/6

TNXT Overview

Tinexta S.p.A. provides digital trust, credit information and management, and innovation and marketing services to large companies, banks, insurance and financial companies, SMEs, associations, and professionals in Italy and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Tinexta
Historical stock prices
Current Share Price€42.94
52 Week High€17.54
52 Week Low€44.06
Beta1.04
1 Month Change4.12%
3 Month Change16.24%
1 Year Change128.16%
3 Year Change582.67%
5 Year Change887.13%
Change since IPO1,162.94%

Recent News & Updates

Oct 26
Is Now An Opportune Moment To Examine Tinexta S.p.A. (BIT:TNXT)?

Is Now An Opportune Moment To Examine Tinexta S.p.A. (BIT:TNXT)?

While Tinexta S.p.A. ( BIT:TNXT ) might not be the most widely known stock at the moment, it received a lot of...

Sep 16
Tinexta (BIT:TNXT) Has A Pretty Healthy Balance Sheet

Tinexta (BIT:TNXT) Has A Pretty Healthy Balance Sheet

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Sep 03
Tinexta (BIT:TNXT) Might Have The Makings Of A Multi-Bagger

Tinexta (BIT:TNXT) Might Have The Makings Of A Multi-Bagger

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...

Shareholder Returns

TNXTIT Professional ServicesIT Market
7D7.9%4.3%1.9%
1Y128.2%125.3%39.3%

Return vs Industry: TNXT exceeded the Italian Professional Services industry which returned 125.3% over the past year.

Return vs Market: TNXT exceeded the Italian Market which returned 39.3% over the past year.

Price Volatility

Is TNXT's price volatile compared to industry and market?
TNXT volatility
TNXT Beta1.04
Industry Beta1.12
Market Beta1

Stable Share Price: TNXT is not significantly more volatile than the rest of Italian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: TNXT's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20092,209Pier Andrea Paolo Chevallardhttps://www.tinexta.com

Tinexta S.p.A. provides digital trust, credit information and management, and innovation and marketing services to large companies, banks, insurance and financial companies, SMEs, associations, and professionals in Italy and internationally. The company offers IT solutions for digital identity and the dematerialization of processes according to the applicable legislation, such as certified electronic mail, electronic storage, digital signature, digital certification, e-invoicing, electronic archiving, and e-enterprise solutions; various solutions for secure and simplified transmission of legal and financial documents; web services for accessing public administration database; additional services for the management of professional associations and billing, and IT protocol; and designs and develops IT services and solutions for SMEs, trade associations, professional firms, agencies, and financial intermediaries. The company also offers cyber security solutions; services to support decision-making processes; credit information and management services; and software solutions to comply with tax obligations, employment legislations, and other regulations, as well as electronic filing of documents and management of civil proceedings.

Tinexta Fundamentals Summary

How do Tinexta's earnings and revenue compare to its market cap?
TNXT fundamental statistics
Market Cap€1.98b
Earnings (TTM)€41.91m
Revenue (TTM)€323.08m

47.2x

P/E Ratio

6.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TNXT income statement (TTM)
Revenue€323.08m
Cost of Revenue€229.54m
Gross Profit€93.54m
Expenses€51.64m
Earnings€41.91m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 10, 2021

Earnings per share (EPS)0.91
Gross Margin28.95%
Net Profit Margin12.97%
Debt/Equity Ratio172.0%

How did TNXT perform over the long term?

See historical performance and comparison

Dividends

0.6%

Current Dividend Yield

29%

Payout Ratio

Valuation

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

47.18x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TNXT (€42.94) is trading above our estimate of fair value (€38.49)

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


Price To Earnings Ratio

PE vs Industry: TNXT is poor value based on its PE Ratio (47.2x) compared to the Italian Professional Services industry average (46.1x).

PE vs Market: TNXT is poor value based on its PE Ratio (47.2x) compared to the Italian market (20.2x).


Price to Earnings Growth Ratio

PEG Ratio: TNXT is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: TNXT is overvalued based on its PB Ratio (12.2x) compared to the IT Professional Services industry average (3.9x).


Future Growth

How is Tinexta forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

22.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TNXT's forecast earnings growth (22.2% per year) is above the savings rate (1.8%).

Earnings vs Market: TNXT's earnings (22.2% per year) are forecast to grow faster than the Italian market (11.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TNXT's revenue (12.7% per year) is forecast to grow faster than the Italian market (2% per year).

High Growth Revenue: TNXT's revenue (12.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TNXT's Return on Equity is forecast to be high in 3 years time (24%)


Past Performance

How has Tinexta performed over the past 5 years?

22.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TNXT has high quality earnings.

Growing Profit Margin: TNXT's current net profit margins (13%) are higher than last year (11.8%).


Past Earnings Growth Analysis

Earnings Trend: TNXT's earnings have grown significantly by 22.9% per year over the past 5 years.

Accelerating Growth: TNXT's earnings growth over the past year (38.9%) exceeds its 5-year average (22.9% per year).

Earnings vs Industry: TNXT earnings growth over the past year (38.9%) exceeded the Professional Services industry 31.1%.


Return on Equity

High ROE: Whilst TNXT's Return on Equity (25.62%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is Tinexta's financial position?


Financial Position Analysis

Short Term Liabilities: TNXT's short term assets (€217.0M) exceed its short term liabilities (€193.6M).

Long Term Liabilities: TNXT's short term assets (€217.0M) do not cover its long term liabilities (€297.2M).


Debt to Equity History and Analysis

Debt Level: TNXT's debt to equity ratio (172%) is considered high.

Reducing Debt: TNXT's debt to equity ratio has increased from 116.3% to 172% over the past 5 years.

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

Interest Coverage: TNXT's interest payments on its debt are well covered by EBIT (20.8x coverage).


Balance Sheet


Dividend

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

0.60%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TNXT's dividend (0.61%) isn’t notable compared to the bottom 25% of dividend payers in the Italian market (1.04%).

High Dividend: TNXT's dividend (0.61%) is low compared to the top 25% of dividend payers in the Italian market (3.45%).


Stability and Growth of Payments

Stable Dividend: TNXT has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: TNXT's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (28.7%), TNXT's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TNXT's dividends in 3 years are forecast to be well covered by earnings (29.7% payout ratio).


Next Steps

Management

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

0.5yrs

Average management tenure


CEO

Pier Andrea Paolo Chevallard (70 yo)

6.75yrs

Tenure

Mr. Pier Andrea Paolo Edoardo Chevallard serves as Chief Executive Officer at Tinexta S.p.A. (earlier known as Tecnoinvestimenti S.p.A) since 2018. Mr. Chevallard has been Managing Director and General Man...


Leadership Team

Experienced Management: TNXT's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: TNXT's board of directors are not considered experienced ( 0.5 years average tenure), which suggests a new board.


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

Tinexta S.p.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Tinexta S.p.A.
  • Ticker: TNXT
  • Exchange: BIT
  • Founded: 2009
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Market Cap: €1.977b
  • Shares outstanding: 46.05m
  • Website: https://www.tinexta.com

Number of Employees


Location

  • Tinexta S.p.A.
  • Piazza Sallustio 9
  • Rome
  • Rome
  • 187
  • Italy

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 21:22
End of Day Share Price2021/10/26 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.