Sapiens International
Market Cap
US$1.9b
Last Updated
2021/01/24 00:27 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. More Details
Snowflake Analysis
Solid track record with adequate balance sheet.
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
Stable Share Price: SPNS is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: SPNS's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
11.1%
SPNS
4.5%
US Software
2.3%
US Market
1 Year Return
30.9%
SPNS
45.1%
US Software
23.8%
US Market
Return vs Industry: SPNS underperformed the US Software industry which returned 45.1% over the past year.
Return vs Market: SPNS exceeded the US Market which returned 23.8% over the past year.
Shareholder returns
| SPNS | Industry | Market | |
|---|---|---|---|
| 7 Day | 11.1% | 4.5% | 2.3% |
| 30 Day | 13.0% | -0.002% | 4.8% |
| 90 Day | 18.8% | 8.1% | 14.5% |
| 1 Year | 31.7%30.9% | 46.0%45.1% | 26.6%23.8% |
| 3 Year | 206.4%196.0% | 126.7%119.4% | 45.0%35.4% |
| 5 Year | 266.8%242.4% | 273.1%252.6% | 126.2%101.0% |
Long-Term 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
2 days ago | Simply Wall St
With EPS Growth And More, Sapiens International (NASDAQ:SPNS) Is Interesting2 weeks ago | Simply Wall St
Is There Now An Opportunity In Sapiens International Corporation N.V. (NASDAQ:SPNS)?4 weeks ago | Simply Wall St
Shareholders Of Sapiens International (NASDAQ:SPNS) Must Be Happy With Their 220% Total ReturnValuation
Is Sapiens International undervalued compared to its fair value and its price relative to the market?
53.67x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SPNS ($34.45) is trading above our estimate of fair value ($22.72)
Significantly Below Fair Value: SPNS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SPNS is good value based on its PE Ratio (53.7x) compared to the US Software industry average (59.1x).
PE vs Market: SPNS is poor value based on its PE Ratio (53.7x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: SPNS is poor value based on its PEG Ratio (2.9x)
Price to Book Ratio
PB vs Industry: SPNS is good value based on its PB Ratio (6.9x) compared to the US Software industry average (9.8x).
Next Steps
Future Growth
How is Sapiens International forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
18.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SPNS's forecast earnings growth (18.4% per year) is above the savings rate (2%).
Earnings vs Market: SPNS's earnings (18.4% per year) are forecast to grow slower than the US market (21.6% per year).
High Growth Earnings: SPNS's earnings are forecast to grow, but not significantly.
Revenue vs Market: SPNS's revenue (10.9% per year) is forecast to grow faster than the US market (10.6% per year).
High Growth Revenue: SPNS's revenue (10.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SPNS's Return on Equity is forecast to be low in 3 years time (14.7%).
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Past Performance
How has Sapiens International performed over the past 5 years?
13.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SPNS has high quality earnings.
Growing Profit Margin: SPNS's current net profit margins (8.8%) are higher than last year (7.4%).
Past Earnings Growth Analysis
Earnings Trend: SPNS's earnings have grown by 13.1% per year over the past 5 years.
Accelerating Growth: SPNS's earnings growth over the past year (39.2%) exceeds its 5-year average (13.1% per year).
Earnings vs Industry: SPNS earnings growth over the past year (39.2%) exceeded the Software industry 13.6%.
Return on Equity
High ROE: SPNS's Return on Equity (12.9%) is considered low.
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Financial Health
How is Sapiens International's financial position?
Financial Position Analysis
Short Term Liabilities: SPNS's short term assets ($205.9M) exceed its short term liabilities ($128.6M).
Long Term Liabilities: SPNS's short term assets ($205.9M) exceed its long term liabilities ($168.1M).
Debt to Equity History and Analysis
Debt Level: SPNS's debt to equity ratio (46.8%) is considered high.
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 (49.5%).
Interest Coverage: SPNS's interest payments on its debt are well covered by EBIT (12.9x coverage).
Balance Sheet
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Dividend
What is Sapiens International current dividend yield, its reliability and sustainability?
1.63%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SPNS's dividend (1.63%) is higher than the bottom 25% of dividend payers in the US market (1.38%).
High Dividend: SPNS's dividend (1.63%) is low compared to the top 25% of dividend payers in the US market (3.86%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether SPNS's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if SPNS's dividend payments are increasing as they only just started paying a dividend.
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.
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Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
Roni Al-Dor (59 yo)
15.17yrs
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...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 15.17yrs | no data | 0.76% $ 14.3m | |
| CFO & VP | 13.5yrs | no data | no data | |
| Corporate CTO & Digital Division Manager | 2.83yrs | no data | no data | |
| VP of Corporate Development & General Counsel | 12yrs | no data | no data | |
| Head of Corporate Development | 12yrs | no data | no data | |
| Chief Marketing Officer & Chief of Corporate Strategy | 0.75yr | no data | no data | |
| Sales Director | 0.083yr | no data | no data | |
| Vice President of Human Resources | 0.75yr | no data | no data | |
| Senior Vice President of Business Development Operations – EMEA & APAC | 0.33yr | no data | no data | |
| Executive VP & Head of Professional Services | no data | no data | no data | |
| Managing Director of DECISION | 3.17yrs | no data | no data | |
| Chief Business Finance Officer | 2.83yrs | no data | no data |
2.8yrs
Average Tenure
58yo
Average Age
Experienced Management: SPNS's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 15.17yrs | no data | 0.76% $ 14.3m | |
| Independent Director | 17.33yrs | no data | no data | |
| Chairman of Sapiens Decision | 4.5yrs | no data | no data | |
| Chairman of the Board | 11.17yrs | no data | no data | |
| Independent Director | 15.83yrs | no data | no data | |
| Independent Director | 15.83yrs | no data | no data | |
| Independent Director | 12.42yrs | no data | no data |
15.2yrs
Average Tenure
59yo
Average Age
Experienced Board: SPNS's board of directors are seasoned and experienced ( 15.2 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 been diluted in the past year, with total shares outstanding growing by 9.2%.
Top Shareholders
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: NasdaqGS
- Founded: 1982
- Industry: Application Software
- Sector: Software
- Market Cap: US$1.883b
- Shares outstanding: 54.65m
- 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 | NasdaqGS (Nasdaq Global Select) | 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 Sapie...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/24 00:27 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.