Sapiens International
Market Cap
US$976.0m
Last Updated
2019/10/23 23:47 UTC
Data Sources
Company Financials +
Executive Summary
Sapiens International Corporation N.V. provides software solutions for the insurance and financial services industries in North America, Europe, the Asia Pacific, and South Africa.
Snowflake
Fundamentals
Excellent balance sheet and fair value.
Similar Companies
Share Price & News
How has Sapiens International's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-1.2%
SPNS
-3.0%
US Software
0.4%
US Market
1 Year Return
75.5%
SPNS
23.8%
US Software
11.4%
US Market
Return vs Industry: SPNS exceeded the US Software industry which returned 23.8% over the past year.
Return vs Market: SPNS exceeded the US Market which returned 11.4% over the past year.
Shareholder returns
| SPNS | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.2% | -3.0% | 0.4% |
| 30 Day | 8.9% | -3.1% | 0.3% |
| 90 Day | 21.6% | -9.0% | -1.2% |
| 1 Year | 77.6%75.5% | 25.6%23.8% | 13.9%11.4% |
| 3 Year | 50.3%43.6% | 110.3%101.8% | 47.2%37.6% |
| 5 Year | 178.7%157.6% | 159.3%140.5% | 62.4%44.6% |
Price Volatility Vs. Market
How volatile is Sapiens International's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
A Look At Sapiens International Corporation N.V.'s (NASDAQ:SPNS) Exceptional Fundamentals3 weeks ago | Simply Wall St
Is Sapiens International Corporation N.V. (NASDAQ:SPNS) Creating Value For Shareholders?1 month ago | Simply Wall St
Is Sapiens International's (NASDAQ:SPNS) 131% Share Price Increase Well Justified?Valuation
Is Sapiens International 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: SPNS ($19.5) is trading below our estimate of fair value ($51.56)
Significantly Below Fair Value: SPNS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SPNS is poor value based on its PE Ratio (46.5x) compared to the Software industry average (44.8x).
PE vs Market: SPNS is poor value based on its PE Ratio (46.5x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: SPNS is poor value based on its PEG Ratio (2.4x)
Price to Book Ratio
PB vs Industry: SPNS is good value based on its PB Ratio (4.4x) compared to the US Software industry average (5.2x).
Next Steps
Future Growth
How is Sapiens International forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
19.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SPNS's forecast earnings growth (19.2% per year) is above the savings rate (2.7%).
Earnings vs Market: SPNS's earnings (19.2% per year) are forecast to grow faster than the US market (14.3% per year).
High Growth Earnings: SPNS's earnings are forecast to grow, but not significantly.
Revenue vs Market: SPNS's revenue (9.9% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: SPNS's revenue (9.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if SPNS's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Sapiens International performed over the past 5 years?
-7.3%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: SPNS's earnings have declined by -7.3% per year over the past 5 years.
Accelerating Growth: SPNS's earnings growth over the past year (90.4%) exceeds its 5-year average (-7.3% per year).
Earnings vs Industry: SPNS earnings growth over the past year (90.4%) exceeded the Software industry 23%.
Return on Equity
High ROE: SPNS's Return on Equity (9.6%) is considered low.
Return on Assets
ROA vs Industry: SPNS's Return on Assets is below or equal to the Software industry average last year.
Return on Capital Employed
ROCE Improving: SPNS's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Sapiens International's financial position?
Financial Position Analysis
Short Term Liabilities: SPNS's short term assets ($143.7M) exceeds its short term liabilities ($96.7M)
Long Term Liabilities: SPNS's short term assets (143.7M) exceeds its long term liabilities (130.2M)
Debt to Equity History and Analysis
Debt Level: SPNS's debt to equity ratio (31.2%) is considered satisfactory
Reducing Debt: Insufficient data to determine if SPNS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SPNS's debt is well covered by operating cash flow (64%).
Interest Coverage: SPNS's interest payments on its debt are well covered by EBIT (13x coverage).
Balance Sheet
Inventory Level: SPNS has a low level of unsold assets or inventory.
Debt Coverage by Assets: SPNS's debt is covered by short term assets (assets are 2.1x debt).
Next Steps
Dividend
What is Sapiens International's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate SPNS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate SPNS's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stable Dividend: Insufficient data to determine if SPNS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SPNS'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 SPNS's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
What is the CEO of Sapiens International's salary, the management and board of directors tenure and is there insider trading?
2.8yrs
Average management tenure
CEO
Roni Al-Dor (58yo)
13.9yrs
Tenure
Mr. Roni Al-Dor, also known as Ron, has been the Chief Executive Officer and President of Sapiens International Corporation N.V. since November 2005. Mr. Al-Dor serves as President, Chief Executive Officer ...
Management Age and Tenure
2.8yrs
Average Tenure
57yo
Average Age
Experienced Management: SPNS's management team is considered experienced (2.8 years average tenure).
Board Age and Tenure
13.9yrs
Average Tenure
58yo
Average Age
Experienced Board: SPNS's board of directors are seasoned and experienced ( 13.9 years average tenure).
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
Roni Al-Dor (58yo)
President
- Tenure: 13.9yrs
Roni Giladi (48yo)
CFO & VP
- Tenure: 12.3yrs
Harold Westervelt
Managing Director of DECISION
- Tenure: 1.9yrs
Yaffa Cohen-Ifrah
Chief Marketing Officer & Head of Corporate Communications
- Tenure: 0yrs
Osnat Segev-Harel (57yo)
Head of Corporate Development
- Tenure: 10.8yrs
Hagit Ashkenazi
Executive VP & Head of Professional Services
- Tenure: 0yrs
Liana Gelikas
President of P&C/General Insurance and Reinsurance Division
- Tenure: 3.7yrs
Tamar Alon-Verber
Chief Business Finance Officer
- Tenure: 1.6yrs
Ben Shory
Corporate CTO & Digital Division Manager
- Tenure: 1.6yrs
Tal Sharon
President of Sapiens Israel & East Europe
- Tenure: 1.8yrs
Board Members
Naamit Salomon (55yo)
Independent Director
- Tenure: 16.1yrs
Roni Al-Dor (58yo)
President
- Tenure: 13.9yrs
Andre Boisvert (65yo)
Chairman of Sapiens Decision
- Tenure: 3.3yrs
Guy Bernstein (51yo)
Chairman of the Board
- Tenure: 9.9yrs
Yacov Elinav (75yo)
Independent Director
- Tenure: 14.6yrs
Uzi Netanel (83yo)
Independent Director
- Tenure: 14.6yrs
Eyal Ben-Chlouche (58yo)
Independent Director
- Tenure: 11.2yrs
Company Information
Sapiens International Corporation N.V.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Sapiens International Corporation N.V.
- Ticker: SPNS
- Exchange: NasdaqCM
- Founded: 1982
- Industry: Application Software
- Sector: Software
- Market Cap: US$976.007m
- Shares outstanding: 50.05m
- Website: https://www.sapiens.com
Number of Employees
Location
- Sapiens International Corporation N.V.
- Azrieli Center
- 26 Harokmim Street
- Holon
- 5885800
- Israel
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SPNS | NasdaqCM (Nasdaq Capital Market) | Yes | Common Shares | US | USD | May 1992 |
| SPNS | TASE (The Tel-Aviv Stock Exchange) | Yes | Common Shares | IL | ILS | May 1992 |
| S3P | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | May 1992 |
Biography
Sapiens International Corporation N.V. provides software solutions for the insurance and financial services industries in North America, Europe, the Asia Pacific, and South Africa. The company offers softw ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/23 23:47 |
| End of Day Share Price | 2019/10/23 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.