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TAS Tecnologia Avanzata dei Sistemi

Market Cap

€152.5m

Last Updated

2021/05/18 04:08 UTC

Data Sources

Company Financials

Executive Summary

TAS Tecnologia Avanzata dei Sistemi S.p.A. More Details

Rewards

Trading at 56.6% below our estimate of its fair value

Earnings grew by 53% over the past year

Risk Analysis

No risks detected for TAS from our risk checks.


Snowflake Analysis

Flawless balance sheet with solid track record.

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

Stable Share Price: TAS is not significantly more volatile than the rest of Italian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: TAS's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

2.2%

TAS

-2.4%

IT Software

0.3%

IT Market


1 Year Return

15.1%

TAS

48.0%

IT Software

36.8%

IT Market

Return vs Industry: TAS underperformed the Italian Software industry which returned 49.3% over the past year.

Return vs Market: TAS underperformed the Italian Market which returned 39.5% over the past year.


Shareholder returns

TASIndustryMarket
7 Day2.2%-2.4%0.3%
30 Day-7.8%-4.3%1.1%
90 Day13.4%4.7%7.1%
1 Year15.1%15.1%48.8%48.0%39.4%36.8%
3 Year-1.8%-1.8%21.6%18.8%10.8%1.3%
5 Year554.1%554.1%108.4%93.9%26.7%3.6%

Long-Term 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

Valuation

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 (€1.86) is trading below our estimate of fair value (€4.27)

Significantly Below Fair Value: TAS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TAS is good value based on its PE Ratio (17.6x) compared to the Italian Software industry average (26.8x).

PE vs Market: TAS is good value based on its PE Ratio (17.6x) compared to the Italian market (21.6x).


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 (4.1x) compared to the IT Software industry average (3.5x).


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?

18.4%

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.


Past Performance

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

82.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TAS has high quality earnings.

Growing Profit Margin: TAS's current net profit margins (15%) are higher than last year (10.8%).


Past Earnings Growth Analysis

Earnings Trend: TAS has become profitable over the past 5 years, growing earnings by 82.2% per year.

Accelerating Growth: TAS's earnings growth over the past year (53%) is below its 5-year average (82.2% per year).

Earnings vs Industry: TAS earnings growth over the past year (53%) exceeded the Software industry 40%.


Return on Equity

High ROE: TAS's Return on Equity (22.9%) is considered high.


Financial Health

How is TAS Tecnologia Avanzata dei Sistemi's financial position?


Financial Position Analysis

Short Term Liabilities: TAS's short term assets (€48.6M) exceed its short term liabilities (€34.8M).

Long Term Liabilities: TAS's short term assets (€48.6M) exceed its long term liabilities (€32.0M).


Debt to Equity History and Analysis

Debt Level: TAS's debt to equity ratio (23.4%) is considered satisfactory.

Reducing Debt: TAS's debt to equity ratio has reduced from 4626% to 23.4% over the past 5 years.

Debt Coverage: TAS's debt is well covered by operating cash flow (150.3%).

Interest Coverage: TAS's interest payments on its debt are well covered by EBIT (13.5x coverage).


Balance Sheet


Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate TAS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TAS'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 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

How experienced are the management team and are they aligned to shareholders interests?

4.1yrs

Average board tenure


CEO

Valentino Bravi

no data

Tenure

€448,667

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 ($USD544.56K) is about average for companies of similar size in the Italian market ($USD544.56K).

Compensation vs Earnings: Valentino's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: TAS's board of directors are considered experienced (4.1 years average tenure).


Ownership

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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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: €152.455m
  • 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


Biography

TAS Tecnologia Avanzata dei Sistemi S.p.A. provides software solutions for electronic money, payments, capital markets, and extended enterprise systems in Italy and other European countries. The company of...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/18 04:08
End of Day Share Price2021/05/17 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.