| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 4/6 |
| Dividends | 2/6 |
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
| Historical stock prices | |
|---|---|
| Current Share Price | €0.48 |
| 52 Week High | €0.51 |
| 52 Week Low | €0.47 |
| Beta | 0.15 |
| 1 Month Change | -4.80% |
| 3 Month Change | -2.86% |
| 1 Year Change | -4.80% |
| 3 Year Change | -11.85% |
| 5 Year Change | n/a |
| Change since IPO | -7.57% |
Recent News & Updates
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
| BMIT | MT IT | MT Market | |
|---|---|---|---|
| 7D | 0% | 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
| BMIT volatility | |
|---|---|
| BMIT Average Weekly Movement | n/a |
| IT Industry Average Movement | 6.5% |
| Market Average Movement | 6.5% |
| 10% most volatile stocks in MT Market | 11.7% |
| 10% least volatile stocks in MT Market | 3.6% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2009 | 61 | Christian Sammut | https://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
| BMIT fundamental statistics | |
|---|---|
| Market Cap | €96.91m |
| Earnings (TTM) | €4.95m |
| Revenue (TTM) | €25.08m |
19.6x
P/E Ratio3.9x
P/S RatioIs BMIT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 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 Margin | 48.30% |
| Net Profit Margin | 19.75% |
| Debt/Equity Ratio | 41.7% |
How did BMIT perform over the long term?
See historical performance and comparisonDividends
6.1%
Current Dividend Yield120%
Payout RatioValuation
Is BMIT Technologies undervalued compared to its fair value and its price relative to the market?
Valuation Score
4/6Valuation 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
0/6Future 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
4/6Past 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
4/6Financial 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
2/6Dividend 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/05/23 00:00 |
| End of Day Share Price | 2022/05/19 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.