Expert System S.p.A. develops and sells cognitive computing software products based on artificial intelligence (AI) algorithms to read and understand written language in Italy and internationally.
Reasonable growth potential and slightly overvalued.
Share Price & News
How has Expert System's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EXSY's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: EXSY exceeded the Italian Software industry which returned 9.7% over the past year.
Return vs Market: EXSY exceeded the Italian Market which returned -6.3% over the past year.
Price Volatility Vs. Market
How volatile is Expert System's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StExpert System S.p.A.'s (BIT:EXSY) Shift From Loss To Profit
2 months ago | Simply Wall StHere's Why Expert System (BIT:EXSY) Can Afford Some Debt
3 months ago | Simply Wall StIf You Had Bought Expert System (BIT:EXSY) Shares Three Years Ago You'd Have Made 52%
Is Expert System undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EXSY (€2.94) is trading below our estimate of fair value (€6.53)
Significantly Below Fair Value: EXSY is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: EXSY is unprofitable, so we can't compare its PE Ratio to the Software industry average.
PE vs Market: EXSY is unprofitable, so we can't compare its PE Ratio to the Italian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate EXSY's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: EXSY is overvalued based on its PB Ratio (6.6x) compared to the IT Software industry average (3.3x).
How is Expert System forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EXSY is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: EXSY is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: EXSY's is expected to become profitable in the next 3 years.
Revenue vs Market: EXSY's revenue (8.5% per year) is forecast to grow faster than the Italian market (4% per year).
High Growth Revenue: EXSY's revenue (8.5% 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 EXSY's Return on Equity is forecast to be high in 3 years time
How has Expert System performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EXSY is currently unprofitable.
Growing Profit Margin: EXSY is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: EXSY is unprofitable, and losses have increased over the past 5 years at a rate of -5.1% per year.
Accelerating Growth: Unable to compare EXSY's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: EXSY is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (24.2%).
Return on Equity
High ROE: EXSY has a negative Return on Equity (-4.7%), as it is currently unprofitable.
How is Expert System's financial position?
Financial Position Analysis
Short Term Liabilities: EXSY's short term assets (€47.9M) exceed its short term liabilities (€18.5M).
Long Term Liabilities: EXSY's short term assets (€47.9M) exceed its long term liabilities (€26.8M).
Debt to Equity History and Analysis
Debt Level: EXSY's debt to equity ratio (117.1%) is considered high.
Reducing Debt: EXSY's debt to equity ratio has increased from 46% to 117.1% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if EXSY has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if EXSY has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Expert System's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate EXSY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate EXSY's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if EXSY's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if EXSY's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of EXSY's dividend in 3 years as they are not forecast to pay a notable one for the Italian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Stefano Spaggiari founded Expert System S.p.A. in 1989 and serves as its Chief Executive Officer. Mr. Spaggiari served as Managing Director of Expert System SpA. He aimed at developing advanced technol ...
|Founder||no data||no data||7.49% €9.1m|
|Founder||no data||no data||7.46% €9.0m|
|Group Chief Operating Officer||0.25yr||no data||no data|
|Corporate HR Director||no data||no data||no data|
|Senior EVP of Defense||no data||no data||1.12% €1.4m|
|VP of Strategic Initiatives & RPA Alliances||4.5yrs||no data||0.073% €88.8k|
|Executive Vice President of Europe||no data||no data||no data|
|CMO & SVP for Products-Expert System Enterprise||2.33yrs||no data||no data|
|Executive VP & COO of Expert System Enterprise||0.25yr||no data||no data|
|Executive VP and CTO of Expert System USA||no data||no data||no data|
Experienced Management: EXSY's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.9%.
Expert System S.p.A.'s company bio, employee growth, exchange listings and data sources
- Name: Expert System S.p.A.
- Ticker: EXSY
- Exchange: BIT
- Founded: 1989
- Industry: Application Software
- Sector: Software
- Market Cap: €120.878m
- Shares outstanding: 41.11m
- Website: https://www.expertsystem.com
Number of Employees
- Expert System S.p.A.
- Via Virgilio, 56/Q
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|EXSY||BIT (Borsa Italiana)||Yes||Common Stock||IT||EUR||Feb 2014|
|EXSP.F||OTCPK (Pink Sheets LLC)||Yes||Common Stock||US||USD||Feb 2014|
|3K2||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Feb 2014|
Expert System S.p.A. develops and sells cognitive computing software products based on artificial intelligence (AI) algorithms to read and understand written language in Italy and internationally. The company offers Cogito cognitive technology for cognitive computing; Cogito Discover for entity extraction, classification, and text analytics; Cogito Intelligence Platform, an Information intelligence software for real-time analysis of unstructured data streams; Cogito Answers, a customer support automation software that allows human like interaction between customers and internal staff; and Cogito for Claims that automate insurance claims management with natural language understanding. It also provides Cogito for Underwriting to enhance the underwriting process and reduce risk exposure; Cogito Studio, a fully integrated development environment for building and deploying a custom AI-based text model that leverages the cognitive abilities of the Cogito platform; and Biopharma Navigator, a natural language processing software for life sciences. The company serves the banking and insurance, public administration, defense and intelligence, life science and pharma, oil and gas, media and publishing, and other industries. Expert System S.p.A. was founded in 1989 and is based in Modena, Italy.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/04 23:30|
|End of Day Share Price||2020/06/04 00:00|
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.