WSE:LVC

Stock Analysis Report

LiveChat Software

Executive Summary

LiveChat Software S.A., an IT company, provides software as a service to support sales and customer services worldwide.

Snowflake

Fundamentals

Flawless balance sheet with proven track record.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

2.9%

LVC

0.4%

PL Software

0.01%

PL Market


1 Year Return

55.8%

LVC

10.3%

PL Software

-3.3%

PL Market

Return vs Industry: LVC exceeded the Polish Software industry which returned 10.3% over the past year.

Return vs Market: LVC exceeded the Polish Market which returned -3.3% over the past year.


Shareholder returns

LVCIndustryMarket
7 Day2.9%0.4%0.01%
30 Day-1.8%0.7%-1.1%
90 Day4.3%-6.6%-7.6%
1 Year65.9%55.8%16.1%10.3%-0.4%-3.3%
3 Year-15.1%-26.4%1.7%-12.8%11.4%3.4%
5 Year131.7%91.6%58.6%21.5%-1.0%-12.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

20.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LVC (PLN35.45) is trading below our estimate of fair value (PLN44.83)

Significantly Below Fair Value: LVC is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: LVC is poor value based on its PE Ratio (15.8x) compared to the Software industry average (9.9x).

PE vs Market: LVC is poor value based on its PE Ratio (15.8x) compared to the Polish market (10x).


Price to Earnings Growth Ratio

PEG Ratio: LVC is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: LVC is overvalued based on its PB Ratio (13.2x) compared to the PL Software industry average (2x).


Next Steps

Future Growth

How is LiveChat Software forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

7.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LVC's forecast earnings growth (7% per year) is above the savings rate (2.9%).

Earnings vs Market: LVC's earnings (7% per year) are forecast to grow slower than the Polish market (10.5% per year).

High Growth Earnings: LVC's earnings are forecast to grow, but not significantly.

Revenue vs Market: LVC's revenue (12.1% per year) is forecast to grow faster than the Polish market (5.9% per year).

High Growth Revenue: LVC's revenue (12.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LVC's Return on Equity is forecast to be very high in 3 years time (92.5%).


Next Steps

Past Performance

How has LiveChat Software performed over the past 5 years?

27.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: LVC's earnings have grown significantly by 27.2% per year over the past 5 years.

Accelerating Growth: LVC's earnings growth over the past year (12.2%) is below its 5-year average (27.2% per year).

Earnings vs Industry: LVC earnings growth over the past year (12.2%) underperformed the Software industry 19%.


Return on Equity

High ROE: LVC's Return on Equity (83.5%) is considered outstanding.


Return on Assets

ROA vs Industry: LVC has a higher Return on Assets than the Software industry average last year.


Return on Capital Employed

ROCE Improving: LVC has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is LiveChat Software's financial position?


Financial Position Analysis

Short Term Liabilities: LVC's short term assets (PLN55.2M) exceeds its short term liabilities (PLN6.0M)

Long Term Liabilities: LVC has no long term liabilities


Debt to Equity History and Analysis

Debt Level: LVC is debt free.

Reducing Debt: LVC has not had any debt for past 5 years.

Debt Coverage: LVC has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: LVC has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if LVC's debt is covered by short term assets.


Next Steps

Dividend

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

5.50%

Current Dividend Yield


Dividend Yield vs Market

company5.5%marketbottom25%2.7%markettop25%7.4%industryaverage5.5%forecastin3Years7.0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: LVC's dividend (5.5%) is higher than the bottom 25% of dividend payers in the Polish market (2.67%).

High Dividend: LVC's dividend (5.5%) is low compared to the top 25% of dividend payers in the Polish market (7.37%).

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

Growing Dividend: LVC's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (87%), LVC's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: LVC's dividends in 3 years are forecast to be covered by earnings (89.4% payout ratio).


Next Steps

Management

What is the CEO of LiveChat Software's salary, the management and board of directors tenure and is there insider trading?


CEO

Mariusz Cieply 0

0yrs

Tenure

0

Mr. Mariusz Cieply serves as a Founder at LIVECHAT Software Spólka Akcyjna in 2002 and serves as its Chief Executive Officer. Mr. Cieply is LiveChat’s product lead and evangelizer, driving product creation ...


CEO Compensation Analysis

Compensation vs. Market: Mariusz's total compensation ($USD0.00) is too low to compare against companies of similar size in the Polish market ($USD0.00).

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


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Mariusz Cieply

    President of the Management Board & CEO

    • Tenure: 0yrs
  • Urszula Jarzebowska

    CFO & Member of Management Board

    • Tenure: 0yrs
  • Szymon Klimczak

    • Tenure: 12yrs
    • Compensation: zł144.00k
  • Bartosz Olchówka

    Head of Development

    • Tenure: 0yrs
  • Piotr Bednarek

    Head of Customer Support

    • Tenure: 0yrs

Board Members

  • Marcin Mandziak

    Member of the Supervisory Board

    • Tenure: 0yrs
  • Maciej Jarzebowski

    Chairman of Supervisory Board

    • Tenure: 0yrs
  • Jakub Sitarz

    Member of Supervisory Board

    • Tenure: 0yrs
    • Compensation: zł96.00k
  • Michal Markowski

    Member of the Supervisory Board

    • Tenure: 0yrs
  • Marta Ciepla

    Member of the Supervisory Board

    • Tenure: 0yrs

Company Information

LiveChat Software S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: LiveChat Software S.A.
  • Ticker: LVC
  • Exchange: WSE
  • Founded: 2002
  • Industry: Application Software
  • Sector: Software
  • Market Cap: zł912.838m
  • Shares outstanding: 25.75m
  • Website: https://investor.livechatinc.com

Location

  • LiveChat Software S.A.
  • ul. Zwycieska 47
  • Wroclaw
  • 53-033
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LVCWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNApr 2014

Biography

LiveChat Software S.A., an IT company, provides software as a service to support sales and customer services worldwide. It offers LiveChat, a tool that allows to communicate between Website visitor and its ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 21:24
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.