company background image
BMIT

BMIT Technologies MTSE:BMIT Stock Report

Last Price

€0.48

Market Cap

€96.9m

7D

0%

1Y

-4.8%

Updated

23 May, 2022

Data

Company Financials
BMIT fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends2/6

BMIT Stock Overview

BMIT Technologies p.l.c., together with its subsidiaries, provides data center, hosting, cloud, and managed IT services in Malta.

BMIT Technologies Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for BMIT Technologies
Historical stock prices
Current Share Price€0.48
52 Week High€0.51
52 Week Low€0.47
Beta0.15
1 Month Change-4.80%
3 Month Change-2.86%
1 Year Change-4.80%
3 Year Change-11.85%
5 Year Changen/a
Change since IPO-7.57%

Recent News & Updates

Apr 02
BMIT Technologies (MTSE:BMIT) Is Reducing Its Dividend To €0.025

BMIT Technologies (MTSE:BMIT) Is Reducing Its Dividend To €0.025

BMIT Technologies p.l.c.'s ( MTSE:BMIT ) dividend is being reduced by 15% to €0.025 per share on 26th of May. The yield...

Shareholder Returns

BMITMT ITMT Market
7D0%0.06%0.3%
1Y-4.8%-14.6%-7.3%

Return vs Industry: BMIT exceeded the MT IT industry which returned -14.6% over the past year.

Return vs Market: BMIT exceeded the MT Market which returned -7.3% over the past year.

Price Volatility

Is BMIT's price volatile compared to industry and market?
BMIT volatility
BMIT Average Weekly Movementn/a
IT Industry Average Movement6.5%
Market Average Movement6.5%
10% most volatile stocks in MT Market11.7%
10% least volatile stocks in MT Market3.6%

Stable Share Price: Insufficient data to determine BMIT's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine BMIT's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
200961Christian Sammuthttps://www.bmit.com.mt

BMIT Technologies p.l.c., together with its subsidiaries, provides data center, hosting, cloud, and managed IT services in Malta. The company offers data centre and co-location, cloud infrastructure, productivity and collaboration, intelligent automation, security and compliance, managed and professional, and networking and connectivity services. Its solutions include automated customer experience for gaming, hosting compliance, remote work, unified threat management, and disaster recovery and backup.

BMIT Technologies Fundamentals Summary

How do BMIT Technologies's earnings and revenue compare to its market cap?
BMIT fundamental statistics
Market Cap€96.91m
Earnings (TTM)€4.95m
Revenue (TTM)€25.08m

19.6x

P/E Ratio

3.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BMIT income statement (TTM)
Revenue€25.08m
Cost of Revenue€12.97m
Gross Profit€12.12m
Other Expenses€7.16m
Earnings€4.95m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.024
Gross Margin48.30%
Net Profit Margin19.75%
Debt/Equity Ratio41.7%

How did BMIT perform over the long term?

See historical performance and comparison

Dividends

6.1%

Current Dividend Yield

120%

Payout Ratio

Valuation

Is BMIT Technologies undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: BMIT (€0.48) is trading below our estimate of fair value (€0.96)

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


Price To Earnings Ratio

PE vs Industry: BMIT is good value based on its PE Ratio (19.6x) compared to the European IT industry average (21.1x).

PE vs Market: BMIT is good value based on its PE Ratio (19.6x) compared to the MT market (21x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BMIT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BMIT is overvalued based on its PB Ratio (11.4x) compared to the XE IT industry average (3.3x).


Future Growth

How is BMIT Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


25.3%

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 BMIT Technologies 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 BMIT Technologies performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


6.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BMIT has high quality earnings.

Growing Profit Margin: BMIT's current net profit margins (19.7%) are lower than last year (20.2%).


Past Earnings Growth Analysis

Earnings Trend: BMIT's earnings have grown by 6% per year over the past 5 years.

Accelerating Growth: BMIT's earnings growth over the past year (6.7%) exceeds its 5-year average (6% per year).

Earnings vs Industry: BMIT earnings growth over the past year (6.7%) underperformed the IT industry 21.9%.


Return on Equity

High ROE: BMIT's Return on Equity (58.5%) is considered outstanding.


Financial Health

How is BMIT Technologies's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BMIT's short term assets (€6.4M) do not cover its short term liabilities (€9.4M).

Long Term Liabilities: BMIT's short term assets (€6.4M) do not cover its long term liabilities (€6.9M).


Debt to Equity History and Analysis

Debt Level: BMIT has more cash than its total debt.

Reducing Debt: BMIT had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: BMIT's debt is well covered by operating cash flow (272.5%).

Interest Coverage: BMIT's interest payments on its debt are well covered by EBIT (38.9x coverage).


Balance Sheet


Dividend

What is BMIT Technologies's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


6.14%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BMIT's dividend (6.14%) is higher than the bottom 25% of dividend payers in the MT market (2.44%).

High Dividend: BMIT's dividend (6.14%) is in the top 25% of dividend payers in the MT market (5.63%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, BMIT has been paying a dividend for less than 10 years.

Growing Dividend: BMIT's dividend payments have increased, but the company has only paid a dividend for 2 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (120.1%), BMIT's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Insufficient data to calculate cash payout ratio to determine if its dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

2.6yrs

Average board tenure


CEO

Christian Sammut

no data

Tenure

€258,451

Compensation

Mr. Christian Sammut served as Chief Executive Officer of GO Business at GO p.l.c. until January 1, 2019. He serves as Chief Executive Officer of BM Companies. He is the Chief Executive Officer of BMIT Te...


CEO Compensation Analysis

Compensation vs Market: Christian's total compensation ($USD272.66K) is about average for companies of similar size in the MT market ($USD277.48K).

Compensation vs Earnings: Insufficient data to compare Christian's compensation with company performance.


Board Members

Experienced Board: BMIT's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


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.


Ownership Breakdown

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


Top Shareholders

Company Information

BMIT Technologies p.l.c.'s employee growth, exchange listings and data sources


Key Information

  • Name: BMIT Technologies p.l.c.
  • Ticker: BMIT
  • Exchange: MTSE
  • Founded: 2009
  • Industry: Internet Services and Infrastructure
  • Sector: Software
  • Implied Market Cap: €96.911m
  • Shares outstanding: 203.60m
  • Website: https://www.bmit.com.mt

Number of Employees


Location

  • BMIT Technologies p.l.c.
  • Building SCM02
  • Level 2
  • Kalkara
  • 1001
  • Malta

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/23 00:00
End of Day Share Price2022/05/19 00:00
Earnings2021/06/30
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.