Executive Summary
TAS Tecnologia Avanzata dei Sistemi S.p.A.
Snowflake
Fundamentals
Excellent balance sheet and slightly overvalued.
Share Price & News
How has TAS Tecnologia Avanzata dei Sistemi's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-0.3%
TAS
1.4%
IT Software
0.6%
IT Market
1 Year Return
20.1%
TAS
32.2%
IT Software
15.3%
IT Market
Return vs Industry: TAS underperformed the Italian Software industry which returned 32.2% over the past year.
Return vs Market: TAS exceeded the Italian Market which returned 15.3% over the past year.
Shareholder returns
| TAS | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.3% | 1.4% | 0.6% |
| 30 Day | 3.3% | -2.7% | 1.0% |
| 90 Day | -5.9% | -1.3% | 1.0% |
| 1 Year | 20.1%20.1% | 34.1%32.2% | 20.6%15.3% |
| 3 Year | 296.2%296.2% | 70.6%61.3% | 27.0%8.2% |
| 5 Year | 729.7%729.7% | 109.7%93.6% | 21.3%-26.1% |
Price Volatility Vs. Market
How volatile is TAS Tecnologia Avanzata dei Sistemi's share price compared to the market and industry in the last 5 years?
Simply Wall St News
17 hours ago | Simply Wall St
Does TAS Tecnologia Avanzata dei Sistemi S.p.A. (BIT:TAS) Create Value For Shareholders?1 month ago | Simply Wall St
If You Had Bought TAS Tecnologia Avanzata dei Sistemi (BIT:TAS) Stock Five Years Ago, You Could Pocket A 596% Gain Today2 months ago | Simply Wall St
TAS Tecnologia Avanzata dei Sistemi (BIT:TAS) Has A Pretty Healthy Balance SheetValuation
Is TAS Tecnologia Avanzata dei Sistemi undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TAS (€1.9) is trading below our estimate of fair value (€4.05)
Significantly Below Fair Value: TAS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TAS is poor value based on its PE Ratio (140x) compared to the Software industry average (43.3x).
PE vs Market: TAS is poor value based on its PE Ratio (140x) compared to the Italian market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TAS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TAS is overvalued based on its PB Ratio (6.6x) compared to the IT Software industry average (3.4x).
Next Steps
Future Growth
How is TAS Tecnologia Avanzata dei Sistemi forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
37.4%
Forecasted Software industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as TAS Tecnologia Avanzata dei Sistemi has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine TAS Tecnologia Avanzata dei Sistemi's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- TAS Tecnologia Avanzata dei Sistemi competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Software industry.
Past Performance
How has TAS Tecnologia Avanzata dei Sistemi performed over the past 5 years?
43.6%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: TAS has become profitable over the past 5 years, growing earnings by 43.6% per year.
Accelerating Growth: TAS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: TAS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Software industry (7.3%).
Return on Equity
High ROE: TAS's Return on Equity (4.8%) is considered low.
Return on Assets
ROA vs Industry: TAS has a higher Return on Assets than the Software industry average last year.
Return on Capital Employed
ROCE Improving: TAS's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is TAS Tecnologia Avanzata dei Sistemi's financial position?
Financial Position Analysis
Short Term Liabilities: TAS's short term assets (€36.0M) exceeds its short term liabilities (€27.7M)
Long Term Liabilities: TAS's short term assets (36.0M) exceeds its long term liabilities (20.5M)
Debt to Equity History and Analysis
Debt Level: TAS's debt to equity ratio (35.9%) is considered satisfactory
Reducing Debt: TAS's debt to equity ratio has reduced from 166.7% to 35.9% over the past 5 years.
Debt Coverage: TAS's debt is well covered by operating cash flow (107.4%).
Interest Coverage: TAS's interest payments on its debt are not well covered by EBIT (2x coverage).
Balance Sheet
Inventory Level: TAS has a high level of physical assets or inventory.
Debt Coverage by Assets: TAS's debt is covered by short term assets (assets are 4.114600x debt).
Next Steps
Dividend
What is TAS Tecnologia Avanzata dei Sistemi's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate TAS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate TAS's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stable Dividend: Insufficient data to determine if TAS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TAS'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 TAS's dividend in 3 years as they are not forecast to pay a notable one for the Italian market.
Next Steps
Management
What is the CEO of TAS Tecnologia Avanzata dei Sistemi's salary, the management and board of directors tenure and is there insider trading?
2.5yrs
Average board tenure
CEO
Valentino Bravi 0
0yrs
Tenure
€423,813
Compensation
Mr. Valentino Bravi has been the Chief Executive Officer and Managing Director of TAS Tecnologia Avanzata dei Sistemi S.p.A. (Tecnologia Avanzata Dei Sistemi SpA) since April 26, 2017. Mr. Bravi serves as ...
CEO Compensation Analysis
Compensation vs. Market: Valentino's total compensation ($USD471.37K) is about average for companies of similar size in the Italian market ($USD0.00).
Compensation vs Earnings: Valentino's compensation has been consistent with company performance over the past year.
Board Age and Tenure
2.5yrs
Average Tenure
53yo
Average Age
Experienced Board: TAS's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 250,000 |
| Max Price | €2.00 |
| Entity | Company |
| Shares | 700,000 |
| Max Price | €2.00 |
| Entity | Company |
| Shares | 500,000 |
| Max Price | €2.00 |
| Entity | Company |
| Shares | 250,000 |
| Max Price | €2.00 |
| Entity | Company |
| Shares | 400 |
| Max Price | €1.91 |
| Entity | Company |
| Shares | 400,000 |
| Max Price | €1.85 |
| Entity | Company |
| Shares | 1,500,000 |
| Max Price | €1.55 |
| Entity | Company |
| Shares | 300,000 |
| Max Price | €1.58 |
| Entity | Company |
| Shares | 300,000 |
| Max Price | €1.60 |
| Entity | Company |
| Shares | 300,000 |
| Max Price | €1.64 |
| Entity | Company |
| Shares | 370,000 |
| Max Price | €1.55 |
Ownership Breakdown
Management Team
Silvio Zancarli
Chief Communications Officer
- Tenure: 0yrs
Riccardo De Marsanich
Chief Technology Officer
- Tenure: 0yrs
Mario Mendia
Chief Marketing Officer
- Tenure: 0yrs
Valentino Bravi
CEO, MD & Director
- Tenure: 0yrs
- Compensation: €423.81k
Paolo Colavecchio
Chief Financial Officer
- Tenure: 0yrs
- Compensation: €38.72k
Cristiana Mazzenga
Director of Legal & Corporate Affairs
- Tenure: 0yrs
Board Members
Carlo Maggi (52yo)
Vice-Chairman
- Tenure: 2.5yrs
- Compensation: €41.60k
Valentino Bravi
CEO, MD & Director
- Tenure: 0yrs
- Compensation: €423.81k
Dario Pardi
Chairman
- Tenure: 2.8yrs
- Compensation: €310.00k
Roberta Viglione (58yo)
Independent Non-Executive Director
- Tenure: 2.8yrs
- Compensation: €20.00k
Giancarlo Albini (65yo)
Lead Independent Director
- Tenure: 0yrs
- Compensation: €25.00k
Carlotta Franceschi
Independent Non-Executive Director
- Tenure: 2.8yrs
- Compensation: €24.38k
Antonio Mele
Chairman of the Board of Statutory Auditors
- Tenure: 2.5yrs
Maurizio Martino (53yo)
Independent Non-Executive Director
- Tenure: 2.5yrs
- Compensation: €24.38k
Ambrosella Landonio (53yo)
Independent Non-Executive Director
- Tenure: 2.5yrs
- Compensation: €25.35k
Alberto Previtali
Non-Executive Director
- Tenure: 0.3yrs
Company Information
TAS Tecnologia Avanzata dei Sistemi S.p.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: TAS Tecnologia Avanzata dei Sistemi S.p.A.
- Ticker: TAS
- Exchange: BIT
- Founded: 1982
- Industry: Application Software
- Sector: Software
- Market Cap: €158.720m
- Shares outstanding: 83.54m
- Website: https://www.tasgroup.it
Number of Employees
Location
- TAS Tecnologia Avanzata dei Sistemi S.p.A.
- Via Cristoforo Colombo 149
- Rome
- Rome
- 147
- Italy
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TAS | BIT (Borsa Italiana) | Yes | Ordinary Shares | IT | EUR | May 2000 |
| TAQ | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | May 2000 |
| 0G7L | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | May 2000 |
Biography
TAS Tecnologia Avanzata dei Sistemi S.p.A. provides software solutions for electronic money, payments, capital markets, and ERP systems in Italy. It offers TAS cashless 3.0, an end-to-end card payment solu ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/23 20:39 |
| End of Day Share Price | 2019/10/23 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.