Executive Summary
Techedge S.p.A. provides business solutions and services worldwide.
Snowflake
Fundamentals
Very undervalued with excellent balance sheet.
Share Price & News
How has Techedge's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
11.9%
EDGE
2.2%
IT IT
0.5%
IT Market
1 Year Return
n/a
EDGE
8.8%
IT IT
11.6%
IT Market
Return vs Industry: Insufficient data to determine how EDGE performed against the Italian IT industry.
Return vs Market: Insufficient data to determine how EDGE performed against the Italian Market.
Shareholder returns
| EDGE | Industry | Market | |
|---|---|---|---|
| 7 Day | 11.9% | 2.2% | 0.5% |
| 30 Day | 2.6% | 1.2% | 0.1% |
| 90 Day | 3.3% | -0.5% | 1.7% |
| 1 Year | n/a | 9.7%8.8% | 16.5%11.6% |
| 3 Year | n/a | 86.6%82.4% | 25.2%8.0% |
| 5 Year | n/a | 150.1%123.2% | 21.3%-26.0% |
Price Volatility Vs. Market
How volatile is Techedge's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
How Did Techedge S.p.A.'s (BIT:EDGE) 14% ROE Fare Against The Industry?3 weeks ago | Simply Wall St
A Close Look At Techedge S.p.A.’s (BIT:EDGE) 17% ROCE1 month ago | Simply Wall St
Have Insiders Been Buying Techedge S.p.A. (BIT:EDGE) Shares This Year?Valuation
Is Techedge undervalued compared to its fair value and its price relative to the market?
43.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: EDGE (€5.06) is trading below our estimate of fair value (€8.89)
Significantly Undervalued: EDGE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: EDGE is good value based on its PE Ratio (10.9x) compared to the IT industry average (31.4x).
PE vs Market: EDGE is good value based on its PE Ratio (10.9x) compared to the Italian market (17.8x).
Price to Earnings Growth Ratio
Low PEG Ratio: EDGE is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: EDGE is good value based on its PB Ratio (1.7x) compared to the IT IT industry average (2.9x).
Next Steps
Future Growth
How is Techedge forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
34.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EDGE's forecast earnings growth (34.6% per year) is above the savings rate (2.9%).
Earnings vs Market: EDGE's earnings (34.6% per year) are forecast to grow faster than the Italian market (8.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: EDGE's revenue (14.9% per year) is forecast to grow faster than the Italian market (3% per year).
High Growth Revenue: EDGE's revenue (14.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: Insufficient data to determine if EDGE's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Techedge performed over the past 5 years?
22.6%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: EDGE's earnings have grown significantly by 22.6% per year over the past 5 years.
Accelerating Growth: EDGE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: EDGE had negative earnings growth (-5.5%) over the past year, making it difficult to compare to the IT industry average (10%).
Return on Equity
High ROE: EDGE's Return on Equity (14.4%) is considered low.
Return on Assets
ROA vs Industry: EDGE has a higher Return on Assets than the IT industry average last year.
Return on Capital Employed
ROCE Improving: EDGE has improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Techedge's financial position?
Financial Position Analysis
Short Term Liabilities: EDGE's short term assets (€100.7M) exceeds its short term liabilities (€60.2M)
Long Term Liabilities: EDGE's short term assets (100.7M) exceeds its long term liabilities (24.2M)
Debt to Equity History and Analysis
Debt Level: EDGE's debt to equity ratio (30.1%) is considered satisfactory
Reducing Debt: Insufficient data to determine if EDGE's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: EDGE's debt is well covered by operating cash flow (50.1%).
Interest Coverage: EDGE's interest payments on its debt are well covered by EBIT (44.5x coverage).
Balance Sheet
Inventory Level: EDGE has a low level of unsold assets or inventory.
Debt Coverage by Assets: EDGE's debt is covered by short term assets (assets are 4.269220x debt).
Next Steps
Dividend
What is Techedge's current dividend yield, its reliability and sustainability?
1.15%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: EDGE's dividend (1.15%) isn’t notable compared to the bottom 25% of dividend payers in the Italian market (2.09%).
High Dividend: EDGE's dividend (1.15%) is low compared to the top 25% of dividend payers in the Italian market (4.41%).
Stable Dividend: Too early to tell whether EDGE's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if EDGE's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (12.5%), EDGE's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of Techedge's salary, the management and board of directors tenure and is there insider trading?
2.5yrs
Average management tenure
CEO
Domenico Restuccia 0
0yrs
Tenure
Mr. Domenico Restuccia is a Founder of TechEdge S.P.A. and serves as its Managing Director, Managing Partner and Director. From January 2001 to October 2003, Mr. Restuccia served as General Manager of Real ...
Management Age and Tenure
2.5yrs
Average Tenure
Experienced Management: EDGE's management team is considered experienced (2.5 years average tenure).
Insider Trading
Insider Buying: EDGE insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Executive Officer Founder |
| Shares | 3,515 |
| Max Price | €4.68 |
| Entity | Individual |
| Role | Chief Executive Officer Founder |
| Shares | 3,513 |
| Max Price | €4.73 |
| Entity | Individual |
| Role | Chief Executive Officer Founder |
| Shares | 107,000 |
| Max Price | €4.62 |
| Entity | Individual |
| Role | Chief Executive Officer Founder |
| Shares | 100,420 |
| Max Price | €4.20 |
Ownership Breakdown
Management Team
Domenico Restuccia
Founder
- Tenure: 0yrs
Pietro Migliavacca
Co-Founder
- Tenure: 0yrs
Antonio Di Perna
Co-Founder
- Tenure: 0yrs
Florideo Fabrizio
Co-Founder
- Tenure: 0yrs
Giorgio Racca
Partner of Brazil & Councilor
- Tenure: 0yrs
Erika Giannetti
CFO, Councilor & Partner
- Tenure: 0yrs
José Pablo De Rodriguez
Co-Founder
- Tenure: 0yrs
José Manuel Navarro
Councilor & Partner of Operations LATAM
- Tenure: 0yrs
Gabriel Puente
Managing Director of Mexico
- Tenure: 2.5yrs
José Soares
Managing Director of Portugal
- Tenure: 3.6yrs
Board Members
Domenico Restuccia
Founder
- Tenure: 0yrs
Antonio Di Perna
Co-Founder
- Tenure: 0yrs
Giorgio Racca
Partner of Brazil & Councilor
- Tenure: 0yrs
Erika Giannetti
CFO, Councilor & Partner
- Tenure: 0yrs
José Pablo De Rodriguez
Co-Founder
- Tenure: 0yrs
José Manuel Navarro
Councilor & Partner of Operations LATAM
- Tenure: 0yrs
Enrico Negroni
Chairman of the Board
- Tenure: 2.3yrs
Giuseppe Vegas
Councilor
- Tenure: 0yrs
Beatriz Reyero
Councilor
- Tenure: 0yrs
Fabio Monti
Chairman of Board of Statutory Auditors
- Tenure: 0yrs
Company Information
Techedge S.p.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Techedge S.p.A.
- Ticker: EDGE
- Exchange: BIT
- Founded: 2004
- Industry: Internet Services and Infrastructure
- Sector: Software
- Market Cap: €130.306m
- Shares outstanding: 25.75m
- Website: https://www.techedgegroup.com
Location
- Techedge S.p.A.
- Building B2
- Via Caldera 21
- Milan
- Milan
- 20153
- Italy
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 5TE | DB (Deutsche Boerse AG) | Yes | Share Capital | DE | EUR | Dec 2018 |
| EDGE | BIT (Borsa Italiana) | Yes | Share Capital | IT | EUR | Dec 2018 |
| 5TE | MUN (Boerse Muenchen) | Yes | Share Capital | DE | EUR | Dec 2018 |
| EDGEM | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Share Capital | GB | EUR | Dec 2018 |
Biography
Techedge S.p.A. provides business solutions and services worldwide. The company offers artificial intelligence, cloud expedition, corporate and business function, customer relationship management, data int ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 21:48 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.