ENXTAM:NOVI

Stock Analysis Report

Executive Summary

Novisource N.V. provides business consultancy solutions in the Netherlands.


Snowflake Analysis

Adequate balance sheet with poor track record.

Share Price & News

How has Novisource's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NOVI has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-4.7%

NOVI

1.3%

NL Commercial Services

-1.1%

NL Market


1 Year Return

-7.3%

NOVI

10.7%

NL Commercial Services

9.1%

NL Market

Return vs Industry: NOVI underperformed the Dutch Commercial Services industry which returned 10.7% over the past year.

Return vs Market: NOVI underperformed the Dutch Market which returned 9.1% over the past year.


Shareholder returns

NOVIIndustryMarket
7 Day-4.7%1.3%-1.1%
30 Day-3.8%0.3%0.4%
90 Day-3.8%5.5%3.6%
1 Year-3.5%-7.3%14.1%10.7%13.6%9.1%
3 Year-44.7%-46.8%14.1%4.1%35.0%20.2%
5 Year-65.5%-66.9%24.5%5.5%49.7%20.2%

Price Volatility Vs. Market

How volatile is Novisource's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

32.97x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate NOVI's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate NOVI's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: NOVI is poor value based on its PE Ratio (33x) compared to the Commercial Services industry average (19.4x).

PE vs Market: NOVI is poor value based on its PE Ratio (33x) compared to the Dutch market (20.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: NOVI is overvalued based on its PB Ratio (2.6x) compared to the XE Commercial Services industry average (1.7x).


Next Steps

Future Growth

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

17.1%

Forecasted Commercial Services 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 Novisource 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

Past Performance

How has Novisource performed over the past 5 years?

50.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NOVI has a high level of non-cash earnings.

Growing Profit Margin: NOVI's current net profit margins (2.3%) are lower than last year (6.6%).


Past Earnings Growth Analysis

Earnings Trend: NOVI has become profitable over the past 5 years, growing earnings by 50.5% per year.

Accelerating Growth: NOVI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NOVI had negative earnings growth (-72.7%) over the past year, making it difficult to compare to the Commercial Services industry average (10.9%).


Return on Equity

High ROE: NOVI's Return on Equity (7.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Novisource's financial position?


Financial Position Analysis

Short Term Liabilities: NOVI's short term assets (€4.8M) exceed its short term liabilities (€3.1M).

Long Term Liabilities: NOVI's short term assets (€4.8M) exceed its long term liabilities (€413.0K).


Debt to Equity History and Analysis

Debt Level: NOVI's debt to equity ratio (14.2%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if NOVI's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: NOVI's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: NOVI's interest payments on its debt are well covered by EBIT (17.4x coverage).


Balance Sheet

Inventory Level: NOVI has a low level of unsold assets or inventory.

Debt Coverage by Assets: NOVI's debt is covered by short term assets (assets are 7.5x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate NOVI's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NOVI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NOVI'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 NOVI's dividend in 3 years as they are not forecast to pay a notable one for the Dutch market.


Next Steps

Management

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

3.3yrs

Average board tenure


CEO

Frank Lagerveld (58yo)

1.2yrs

Tenure

€92,323

Compensation

Mr. Frank Camille Lagerveld, also known as Frank LL.M has been Senior Consultant and Partner of WissemaGroup since 2003. Mr. Lagerveld has been Group Chief Executive Officer of Novisource N.V. since Decemb ...


CEO Compensation Analysis

Compensation vs Market: Frank's total compensation ($USD99.64K) is below average for companies of similar size in the Dutch market ($USD433.30K).

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


Board Members

NamePositionTenureCompensationOwnership
Peter Specht
CFO & Member of the Supervisory Board0yrs€255.60kno data
Philip van Blanken
Member of the Supervisory Board0yrs€318.00kno data
Eddy Vermeire
Chairman of Supervisory Board3.3yrs€30.00kno data
Duco Wildeboer
Member of Supervisory Board3.3yrs€60.00kno data
Edwin Groeneveld
Member of Supervisory Board3.3yrs€40.00kno data

3.3yrs

Average Tenure

57yo

Average Age

Experienced Board: NOVI's board of directors are considered experienced (3.3 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Novisource N.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Novisource N.V.
  • Ticker: NOVI
  • Exchange: ENXTAM
  • Founded: 2001
  • Industry: Diversified Support Services
  • Sector: Commercial Services
  • Market Cap: €11.868m
  • Shares outstanding: 11.75m
  • Website: https://www.novisource.nl

Number of Employees


Location

  • Novisource N.V.
  • Hoogoorddreef 56L
  • 9th Floor
  • Amsterdam
  • Noord-Holland
  • 1101 BE
  • Netherlands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NOVIENXTAM (Euronext Amsterdam)YesClass B Common SharesNLEURFeb 2014
0QR5LSE (London Stock Exchange)YesClass B Common SharesGBEURFeb 2014

Biography

Novisource N.V. provides business consultancy solutions in the Netherlands. The company offers consultancy services in the areas of regulatory change, digital transformation, information security, and information services. Novisource N.V. was founded in 2001 and is based in Amsterdam, the Netherlands. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 22:46
End of Day Share Price2020/02/19 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.