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TAS Tecnologia Avanzata dei Sistemi

BIT:TAS
Snowflake Description

Flawless balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TAS
BIT
€127M
Market Cap
  1. Home
  2. IT
  3. Software
Company description

TAS Tecnologia Avanzata dei Sistemi S.p.A. The last earnings update was 158 days ago. More info.


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TAS Share Price and Events
7 Day Returns
-4.4%
BIT:TAS
-0.6%
IT Software
0%
IT Market
1 Year Returns
-21.8%
BIT:TAS
-7.2%
IT Software
-7.9%
IT Market
TAS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TAS Tecnologia Avanzata dei Sistemi (TAS) -4.4% -8.2% -9% -21.8% 520.4% 408.8%
IT Software -0.6% 0.7% 10% -7.2% 46.5% 35.7%
IT Market 0% 1.5% 8.9% -7.9% -9.2% -34.3%
1 Year Return vs Industry and Market
  • TAS underperformed the Software industry which returned -7.2% over the past year.
  • TAS underperformed the Market in Italy which returned -7.9% over the past year.
Price Volatility
TAS
Industry
5yr Volatility vs Market

Value

 Is TAS Tecnologia Avanzata dei Sistemi undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for TAS Tecnologia Avanzata dei Sistemi. This is due to cash flow or dividend data being unavailable. The share price is €1.52.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for TAS Tecnologia Avanzata dei Sistemi's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TAS Tecnologia Avanzata dei Sistemi's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BIT:TAS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in EUR €0.00
BIT:TAS Share Price ** BIT (2019-04-18) in EUR €1.52
Italy Software Industry PE Ratio Median Figure of 6 Publicly-Listed Software Companies 26.25x
Italy Market PE Ratio Median Figure of 241 Publicly-Listed Companies 15.82x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of TAS Tecnologia Avanzata dei Sistemi.

BIT:TAS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:TAS Share Price ÷ EPS (both in EUR)

= 1.52 ÷ 0.00

-460.19x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TAS Tecnologia Avanzata dei Sistemi is loss making, we can't compare its value to the IT Software industry average.
  • TAS Tecnologia Avanzata dei Sistemi is loss making, we can't compare the value of its earnings to the Italy market.
Price based on expected Growth
Does TAS Tecnologia Avanzata dei Sistemi's expected growth come at a high price?
Raw Data
BIT:TAS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -460.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Software Industry PEG Ratio Median Figure of 75 Publicly-Listed Software Companies 2.12x
Italy Market PEG Ratio Median Figure of 160 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for TAS Tecnologia Avanzata dei Sistemi, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on TAS Tecnologia Avanzata dei Sistemi's assets?
Raw Data
BIT:TAS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in EUR €0.28
BIT:TAS Share Price * BIT (2019-04-18) in EUR €1.52
Italy Software Industry PB Ratio Median Figure of 9 Publicly-Listed Software Companies 2.9x
Italy Market PB Ratio Median Figure of 315 Publicly-Listed Companies 1.54x
BIT:TAS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:TAS Share Price ÷ Book Value per Share (both in EUR)

= 1.52 ÷ 0.28

5.44x

* Primary Listing of TAS Tecnologia Avanzata dei Sistemi.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TAS Tecnologia Avanzata dei Sistemi is overvalued based on assets compared to the IT Software industry average.
X
Value checks
We assess TAS Tecnologia Avanzata dei Sistemi's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. TAS Tecnologia Avanzata dei Sistemi has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is TAS Tecnologia Avanzata dei Sistemi expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
42.4%
Expected Software industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TAS Tecnologia Avanzata dei Sistemi expected to grow at an attractive rate?
  • Unable to compare TAS Tecnologia Avanzata dei Sistemi's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare TAS Tecnologia Avanzata dei Sistemi's earnings growth to the Italy market average as no estimate data is available.
  • Unable to compare TAS Tecnologia Avanzata dei Sistemi's revenue growth to the Italy market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BIT:TAS Future Growth Rates Data Sources
Data Point Source Value (per year)
Italy Software Industry Earnings Growth Rate Market Cap Weighted Average 42.4%
Italy Software Industry Revenue Growth Rate Market Cap Weighted Average 12.2%
Italy Market Earnings Growth Rate Market Cap Weighted Average 10.5%
Italy Market Revenue Growth Rate Market Cap Weighted Average 3.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BIT:TAS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BIT:TAS Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-09-30 55 4 0
2018-06-30 56 6 0
2018-03-31 57 4 -1
2017-12-31 61 2 -1
2017-09-30 53 0 -2
2017-06-30 51 0 -3
2017-03-31 50 3 -2
2016-12-31 46 0 -3
2016-09-30 46 4 -7
2016-06-30 47 3 -7
2016-03-31 45 -1 -9
2015-12-31 47 2 -9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if TAS Tecnologia Avanzata dei Sistemi is high growth as no earnings estimate data is available.
  • Unable to determine if TAS Tecnologia Avanzata dei Sistemi is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BIT:TAS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from TAS Tecnologia Avanzata dei Sistemi Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:TAS Past Financials Data
Date (Data in EUR Millions) EPS *
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 -0.01
2017-12-31 -0.02
2017-09-30 -0.02
2017-06-30 -0.03
2017-03-31 -0.03
2016-12-31 -0.04
2016-09-30 -0.09
2016-06-30 -0.09
2016-03-31 -0.11
2015-12-31 -0.10

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if TAS Tecnologia Avanzata dei Sistemi will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. 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.
  2. TAS Tecnologia Avanzata dei Sistemi's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Software companies here
  3. TAS Tecnologia Avanzata dei Sistemi's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess TAS Tecnologia Avanzata dei Sistemi's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Italy market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Italy market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
TAS Tecnologia Avanzata dei Sistemi has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has TAS Tecnologia Avanzata dei Sistemi performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare TAS Tecnologia Avanzata dei Sistemi's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • TAS Tecnologia Avanzata dei Sistemi does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare TAS Tecnologia Avanzata dei Sistemi's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare TAS Tecnologia Avanzata dei Sistemi's 1-year growth to the IT Software industry average as it is not currently profitable.
Earnings and Revenue History
TAS Tecnologia Avanzata dei Sistemi's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from TAS Tecnologia Avanzata dei Sistemi Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BIT:TAS Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 55.03 -0.28 2.25
2018-06-30 56.34 -0.32 2.19
2018-03-31 56.55 -0.68 2.15
2017-12-31 60.53 -1.49 2.17
2017-09-30 53.21 -1.60 2.19
2017-06-30 51.14 -2.62 2.19
2017-03-31 50.02 -2.47 2.22
2016-12-31 46.40 -3.34 2.19
2016-09-30 45.91 -7.48 1.86
2016-06-30 46.51 -7.28 1.86
2016-03-31 45.45 -9.18 1.86
2015-12-31 47.27 -8.71 1.86
2015-09-30 46.35 -7.64 2.24
2015-06-30 46.13 -7.54 2.24
2015-03-31 46.74 -6.30 2.24
2014-12-31 43.45 -6.25 2.24
2014-09-30 44.53 -4.17 1.72
2014-06-30 43.56 -3.88 1.73
2014-03-31 42.73 -3.78 1.77
2013-12-31 42.98 -4.15 1.77
2013-09-30 43.26 4.29 2.09
2013-06-30 42.61 4.49 -2.21
2013-03-31 43.86 -5.42 9.00
2012-12-31 41.15 -6.33 2.03
2012-09-30 43.33 -52.22 0.95
2012-06-30 44.37 -53.09 7.29

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if TAS Tecnologia Avanzata dei Sistemi has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • TAS Tecnologia Avanzata dei Sistemi used its assets less efficiently than the IT Software industry average last year based on Return on Assets.
  • It is difficult to establish if TAS Tecnologia Avanzata dei Sistemi improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess TAS Tecnologia Avanzata dei Sistemi's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
TAS Tecnologia Avanzata dei Sistemi has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is TAS Tecnologia Avanzata dei Sistemi's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up TAS Tecnologia Avanzata dei Sistemi's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TAS Tecnologia Avanzata dei Sistemi is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • TAS Tecnologia Avanzata dei Sistemi's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TAS Tecnologia Avanzata dei Sistemi's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 3.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from TAS Tecnologia Avanzata dei Sistemi Company Filings, last reported 6 months ago.

BIT:TAS Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 23.32 6.48 3.69
2018-06-30 23.28 6.46 5.16
2018-03-31 23.63 6.39 5.53
2017-12-31 23.89 6.38 3.55
2017-09-30 23.56 6.34 4.86
2017-06-30 23.64 6.31 5.04
2017-03-31 24.36 5.94 8.23
2016-12-31 25.41 4.21 7.60
2016-09-30 24.93 4.25 10.91
2016-06-30 -2.41 22.54 1.72
2016-03-31 -1.64 22.24 1.57
2015-12-31 0.52 21.85 3.10
2015-09-30 4.49 21.60 2.05
2015-06-30 5.22 21.23 3.84
2015-03-31 7.31 20.93 6.91
2014-12-31 8.27 20.64 5.83
2014-09-30 11.56 20.46 7.65
2014-06-30 12.15 20.25 9.59
2014-03-31 13.65 20.18 6.37
2013-12-31 15.29 19.75 4.25
2013-09-30 15.83 19.62 6.78
2013-06-30 16.29 19.16 7.94
2013-03-31 17.45 18.85 7.16
2012-12-31 19.28 18.60 3.99
2012-09-30 -36.52 75.30 3.96
2012-06-30 -35.19 74.39 3.43
  • TAS Tecnologia Avanzata dei Sistemi's level of debt (27.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (124% vs 27.8% today).
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.

  • TAS Tecnologia Avanzata dei Sistemi has sufficient cash runway for more than 3 years based on current free cash flow.
  • TAS Tecnologia Avanzata dei Sistemi has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -12.8% each year.
X
Financial health checks
We assess TAS Tecnologia Avanzata dei Sistemi's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. TAS Tecnologia Avanzata dei Sistemi has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is TAS Tecnologia Avanzata dei Sistemi's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from TAS Tecnologia Avanzata dei Sistemi dividends.
If you bought €2,000 of TAS Tecnologia Avanzata dei Sistemi shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate TAS Tecnologia Avanzata dei Sistemi's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate TAS Tecnologia Avanzata dei Sistemi's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BIT:TAS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Software Industry Average Dividend Yield Market Cap Weighted Average of 80 Stocks 1.5%
Italy Market Average Dividend Yield Market Cap Weighted Average of 183 Stocks 4%
Italy Minimum Threshold Dividend Yield 10th Percentile 1.2%
Italy Bottom 25% Dividend Yield 25th Percentile 2.1%
Italy Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as TAS Tecnologia Avanzata dei Sistemi has not reported any payouts.
  • Unable to verify if TAS Tecnologia Avanzata dei Sistemi's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of TAS Tecnologia Avanzata dei Sistemi's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as TAS Tecnologia Avanzata dei Sistemi has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess TAS Tecnologia Avanzata dei Sistemi's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can TAS Tecnologia Avanzata dei Sistemi afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TAS Tecnologia Avanzata dei Sistemi has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

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?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Valentino Bravi
COMPENSATION €364,744
CEO Bio

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 the Chief Executive Officer of Screen Service Broadcasting Technologies S.p.A. He served as General Manager at TAS Group, Deutsche Telekom Italia and Siemens Business Services. He served as Vice Chairman of Retelit S.p.A from July 6, 2016 to February 13, 2018 and served as its Director from January 7, 2015 to February 13, 2018. Mr. Bravi has been a Director of Tecnologia Avanzata Dei Sistemi SpA since January 1, 2017. He serves as an Independent Director of Itway S.p.A.

CEO Compensation
  • Valentino's compensation has increased whilst company is loss making.
  • Valentino's remuneration is higher than average for companies of similar size in Italy.
Management Team

Valentino Bravi

TITLE
CEO, MD & Director
COMPENSATION
€365K

Paolo Colavecchio

TITLE
Chief Financial Officer
COMPENSATION
€39K

Riccardo De Marsanich

TITLE
Chief Technology Officer

Cristiana Mazzenga

TITLE
Director of Legal & Corporate Affairs

Silvio Zancarli

TITLE
Chief Communications Officer

Mario Mendia

TITLE
Chief Marketing Officer
Board of Directors Tenure

Average tenure and age of the TAS Tecnologia Avanzata dei Sistemi board of directors in years:

2
Average Tenure
52
Average Age
  • The average tenure for the TAS Tecnologia Avanzata dei Sistemi board of directors is less than 3 years, this suggests a new board.
Board of Directors

Dario Pardi

TITLE
Chairman
COMPENSATION
€248K
TENURE
2.3 yrs

Valentino Bravi

TITLE
CEO, MD & Director
COMPENSATION
€365K
TENURE
2.3 yrs

Carlo Maggi

TITLE
Vice-Chairman
COMPENSATION
€28K
AGE
51
TENURE
2 yrs

Giancarlo Albini

TITLE
Lead Independent Director
COMPENSATION
€32K
AGE
64

Antonio Mele

TITLE
Chairman of the Board of Statutory Auditors
TENURE
2 yrs

Ambrosella Landonio

TITLE
Independent Non-Executive Director
COMPENSATION
€24K
AGE
52
TENURE
2 yrs

Roberta Viglione

TITLE
Independent Non-Executive Director
COMPENSATION
€25K
AGE
57
TENURE
2.3 yrs

Carlotta Franceschi

TITLE
Independent Non-Executive Director
COMPENSATION
€31K
TENURE
2.3 yrs

Nicolò Locatelli

TITLE
Non-Executive Director
COMPENSATION
€13K
AGE
30
TENURE
2 yrs

Maurizio Martino

TITLE
Independent Non-Executive Director
COMPENSATION
€23K
AGE
52
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
28. Mar 19 Sell Verde S.à.r.l. Company 26. Mar 19 26. Mar 19 -300,000 €1.58 €-473,400
18. Feb 19 Sell Verde S.à.r.l. Company 14. Feb 19 14. Feb 19 -300,000 €1.60 €-480,000
04. Feb 19 Sell Verde S.à.r.l. Company 31. Jan 19 31. Jan 19 -300,000 €1.64 €-492,000
01. Feb 19 Sell Verde S.à.r.l. Company 30. Jan 19 30. Jan 19 -370,000 €1.55 €-573,500
X
Management checks
We assess TAS Tecnologia Avanzata dei Sistemi's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. TAS Tecnologia Avanzata dei Sistemi has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

TAS Tecnologia Avanzata dei Sistemi S.p.A. (BIT:TAS): Time For A Financial Health Check

Investors are always looking for growth in small-cap stocks like TAS Tecnologia Avanzata dei Sistemi S.p.A. … However, an important fact which most ignore is: how financially healthy is the business? … Evaluating financial health as part of your investment thesis is

Simply Wall St -

What does TAS Tecnologia Avanzata dei Sistemi SpA's (BIT:TAS) Balance Sheet Tell Us About Its Future?

Investors are always looking for growth in small-cap stocks like TAS Tecnologia Avanzata dei Sistemi SpA (BIT:TAS), with a market cap of €133m. … However, an important fact which most ignore is: how financially healthy is the business? … Evaluating financial health as part of your investment thesis is

Simply Wall St -

What You Must Know About TAS Tecnologia Avanzata dei Sistemi SpA's (BIT:TAS) Financial Strength

Investors are always looking for growth in small-cap stocks like TAS Tecnologia Avanzata dei Sistemi SpA (BIT:TAS), with a market cap of €150.37m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Should You Be Concerned About TAS Tecnologia Avanzata dei Sistemi Sp.A.'s (BIT:TAS) Investors?

Today, I will be analyzing TAS Tecnologia Avanzata dei Sistemi Sp.A.’s (BIT:TAS) recent ownership structure, an important but not-so-popular subject among individual investors. … See our latest analysis for TAS Tecnologia Avanzata dei Sistemi BIT:TAS Ownership_summary May 14th 18 Institutional Ownership Institutional investors are one of the largest group of market participants and their buy-sell decisions on a company's stock can significantly impact prices, more so, when there are relatively small amounts of shares available on the market to trade. … TAS hardly has any institutional ownership, leaving investors little to think about sharp price volatility in the stock that could take place due to institutional trading.

Simply Wall St -

Before You Buy TAS Tecnologia Avanzata dei Sistemi Sp.A.'s (BIT:TAS), Consider This

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … TAS, with its market capitalisation of €164.57M, is a small-cap stock, which generally have higher beta than similar companies of larger size. … How TAS's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

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Want To Invest In TAS Tecnologia Avanzata dei Sistemi Sp.A. (BIT:TAS)? Here's How It Performed Lately

Check out our latest analysis for TAS Tecnologia Avanzata dei Sistemi How Did TAS's Recent Performance Stack Up Against Its Past? … BIT:TAS Income Statement Apr 4th 18 We can further assess TAS Tecnologia Avanzata dei Sistemi's loss by looking at what the industry has been experiencing over the past few years. … Each year, for the past five years TAS Tecnologia Avanzata dei Sistemi's revenue growth has been relatively muted, with an annual growth rate of 1.70%, on average.

Simply Wall St -

How Financially Strong Is TAS Tecnologia Avanzata dei Sistemi Sp.A. (BIT:TAS)?

On top of this, TAS has generated €342.00K in operating cash flow during the same period of time, leading to an operating cash to total debt ratio of 8.12%, indicating that TAS’s debt is not appropriately covered by operating cash. … In TAS’s case, it is able to generate 0.081x cash from its debt capital. … TAS’s level of debt is appropriate relative to its total equity, at 26.89%.

Simply Wall St -

Company Info

Description

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 solution and universal channel management solution for card and token related payments; and EasyBranch, a suite that manages ATM channels. The company also provides TAS Network Gateway, a platform for financial messaging that connects customers to domestic or international interbank network; TAS Network Gateway for Score that helps to make payments and receive cash management information; TAS CBT FINPlatform, a solution that simplifies FIN connectivity through a direct interface for SWIFTNet FIN protocol; and TAS Advanced Monitor, the TAS Network Gateway component, which provides a single window for the monitoring and control of technical aspects linked to correct platform functioning, and of operational aspects related to the management of operations. In addition, it offers solutions for capital markets and treasury activities, including trading, post trade, compliance, treasury, and collateral activities; e-government, banking 4 business, and digital insurance; and ERP and public governance. Further, it provides hosting, cloud, data protection, managed, and engineering services, as well as offers LoanBox, a solution that offers the management of the lifecycle of credit. TAS Tecnologia Avanzata dei Sistemi S.p.A. primarily serves commercial and central banks. The company was incorporated in 1982 and is headquartered in Casalecchio di Reno, Italy. TAS Tecnologia Avanzata dei Sistemi S.p.A. is a subsidiary of OWL S.p.A.

Details
Name: TAS Tecnologia Avanzata dei Sistemi S.p.A.
TAS
Exchange: BIT
Founded: 1982
€126,976,084
83,536,898
Website: http://www.tasgroup.it
Address: TAS Tecnologia Avanzata dei Sistemi S.p.A.
Via del Lavoro 47,
Casalecchio di Reno,
Bologna, 40033,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT TAS Ordinary Shares Borsa Italiana IT EUR 26. May 2000
DB TAQ Ordinary Shares Deutsche Boerse AG DE EUR 26. May 2000
LSE 0G7L Ordinary Shares London Stock Exchange GB EUR 26. May 2000
Number of employees
Current staff
Staff numbers
415
TAS Tecnologia Avanzata dei Sistemi employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 20:41
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2018/11/14
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.