Executive Summary
Techedge S.p.A. provides business solutions and services worldwide.
Rewards
Risk Analysis
Snowflake Analysis
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
Stable Share Price: EDGE has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
8.4%
EDGE
10.1%
IT IT
3.5%
IT Market
1 Year Return
-11.6%
EDGE
6.7%
IT IT
-22.4%
IT Market
Return vs Industry: EDGE underperformed the Italian IT industry which returned 1.7% over the past year.
Return vs Market: EDGE exceeded the Italian Market which returned -23.9% over the past year.
Shareholder returns
| EDGE | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.4% | 10.1% | 3.5% |
| 30 Day | -11.3% | -5.9% | -11.8% |
| 90 Day | -10.2% | 1.5% | -26.2% |
| 1 Year | -10.6%-11.6% | 7.7%6.7% | -19.0%-22.4% |
| 3 Year | n/a | 50.0%46.6% | -8.8%-18.0% |
| 5 Year | n/a | 62.7%45.8% | -22.6%-40.9% |
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
14 hours ago | Simply Wall St
How Does Techedge S.p.A. (BIT:EDGE) Fare As A Dividend Stock?3 weeks ago | Simply Wall St
Did Changing Sentiment Drive Techedge's (BIT:EDGE) Share Price Down By 22%?1 month ago | Simply Wall St
What Techedge S.p.A.'s (BIT:EDGE) ROE Can Tell UsValuation
Is Techedge undervalued compared to its fair value and its price relative to the market?
20.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EDGE (€4.4) is trading below our estimate of fair value (€5.54)
Significantly Below Fair Value: 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 (9.5x) compared to the IT industry average (31.3x).
PE vs Market: EDGE is good value based on its PE Ratio (9.5x) compared to the Italian market (13x).
Price to Earnings Growth Ratio
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 (1.4x) compared to the IT IT industry average (2.6x).
Next Steps
Future Growth
How is Techedge forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
34.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EDGE's forecast earnings growth (34.7% per year) is above the savings rate (1.2%).
Earnings vs Market: EDGE's earnings (34.7% 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: EDGE's revenue (13.3% per year) is forecast to grow faster than the Italian market (-0.04% per year).
High Growth Revenue: EDGE's revenue (13.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
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
Quality Earnings: EDGE has high quality earnings.
Growing Profit Margin: EDGE's current net profit margins (5.9%) are lower than last year (7.3%).
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 (4%).
Return on Equity
High ROE: EDGE's Return on Equity (14.4%) is considered low.
Next Steps
Financial Health
How is Techedge's financial position?
Financial Position Analysis
Short Term Liabilities: EDGE's short term assets (€100.7M) exceed its short term liabilities (€60.2M).
Long Term Liabilities: EDGE's short term assets (€100.7M) exceed 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
Next Steps
Dividend
What is Techedge's current dividend yield, its reliability and sustainability?
1.32%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: EDGE's dividend (1.32%) isn’t notable compared to the bottom 25% of dividend payers in the Italian market (2.29%).
High Dividend: EDGE's dividend (1.32%) is low compared to the top 25% of dividend payers in the Italian market (5.61%).
Stability and Growth of Payments
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
How experienced are the management team and are they aligned to shareholders interests?
3.0yrs
Average management tenure
CEO
Domenico Restuccia
no data
Tenure
€295,657
Compensation
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 ...
CEO Compensation Analysis
Compensation vs Market: Domenico's total compensation ($USD319.73K) is about average for companies of similar size in the Italian market ($USD349.16K).
Compensation vs Earnings: Insufficient data to compare Domenico's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | no data | €295.66k | 30.43% €34.5m | |
| Co-Founder | no data | €103.36k | no data | |
| Co-Founder | no data | €564.03k | no data | |
| CFO, Director & Partner | no data | €2.63m | no data | |
| Partner of Brazil & Director | no data | €150.00k | no data | |
| Partner of Operations LATAM & Director | no data | €310.00k | no data | |
| Co-Founder | no data | no data | 7.31% €8.3m | |
| Co-Founder | no data | no data | no data | |
| Managing Director of Mexico | 3yrs | no data | no data | |
| Managing Director of Portugal | 4.08yrs | no data | no data |
3.0yrs
Average Tenure
Experienced Management: EDGE's management team is considered experienced (3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: EDGE insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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: €113.310m
- 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 intelligence, industry 4.0, and SAP S/4HANA solutions. It serves automotive, consumer goods, energy and utility, fashion, financial services, life sciences, and manufacturing industries. Techedge S.p.A. has a strategic collaboration agreement with Openbravo to offer retailers with a joint offering of omnichannel, mobile, and cloud services and solutions. The company was founded in 2004 and is based in Milan, Italy.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/07 23:01 |
| End of Day Share Price | 2020/04/07 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.