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Sapiens International

Nasdaq:SPNS
Snowflake Description

Reasonable growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SPNS
Nasdaq
$740M
Market Cap
  1. Home
  2. US
  3. Software
Company description

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 last earnings update was 18 days ago. More info.


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SPNS Share Price and Events
7 Day Returns
0.3%
NasdaqCM:SPNS
-2.6%
US Software
-2.1%
US Market
1 Year Returns
62.6%
NasdaqCM:SPNS
23.9%
US Software
1.3%
US Market
SPNS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sapiens International (SPNS) 0.3% -6.2% 10.8% 62.6% 24.8% 85.9%
US Software -2.6% -1% 6.6% 23.9% 115.7% 152.8%
US Market -2.1% -4.2% 0% 1.3% 33.5% 38%
1 Year Return vs Industry and Market
  • SPNS outperformed the Software industry which returned 23.9% over the past year.
  • SPNS outperformed the Market in United States of America which returned 1.3% over the past year.
Price Volatility
SPNS
Industry
5yr Volatility vs Market
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NasdaqGM:MJCO

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Value

 Is Sapiens International undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Sapiens International to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Sapiens International.

NasdaqCM:SPNS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:SPNS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.15
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.153 (1 + (1- 23%) (13.94%))
1.185
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.185 * 5.96%)
9.8%

Discounted Cash Flow Calculation for NasdaqCM:SPNS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sapiens International is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqCM:SPNS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.8%)
2019 23.16 Est @ 17.1% 21.10
2020 26.13 Est @ 12.79% 21.67
2021 28.68 Est @ 9.77% 21.67
2022 30.88 Est @ 7.66% 21.25
2023 32.78 Est @ 6.18% 20.55
2024 34.47 Est @ 5.15% 19.68
2025 35.99 Est @ 4.42% 18.71
2026 37.40 Est @ 3.91% 17.71
2027 38.73 Est @ 3.56% 16.70
2028 40.02 Est @ 3.31% 15.72
Present value of next 10 years cash flows $194.75
NasdaqCM:SPNS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $40.02 × (1 + 2.73%) ÷ (9.8% – 2.73%)
$581.82
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $581.82 ÷ (1 + 9.8%)10
$228.53
NasdaqCM:SPNS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $194.75 + $228.53
$423.28
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $423.28 / 49.98
$8.47
NasdaqCM:SPNS Discount to Share Price
Calculation Result
Value per share (USD) From above. $8.47
Current discount Discount to share price of $14.80
= -1 x ($14.80 - $8.47) / $8.47
-74.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Sapiens International is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sapiens International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sapiens International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:SPNS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.32
NasdaqCM:SPNS Share Price ** NasdaqCM (2019-05-24) in USD $14.8
United States of America Software Industry PE Ratio Median Figure of 81 Publicly-Listed Software Companies 54.58x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Sapiens International.

NasdaqCM:SPNS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:SPNS Share Price ÷ EPS (both in USD)

= 14.8 ÷ 0.32

45.84x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sapiens International is good value based on earnings compared to the US Software industry average.
  • Sapiens International is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Sapiens International's expected growth come at a high price?
Raw Data
NasdaqCM:SPNS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 45.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
23.8%per year
United States of America Software Industry PEG Ratio Median Figure of 66 Publicly-Listed Software Companies 2.93x
United States of America Market PEG Ratio Median Figure of 2,120 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

NasdaqCM:SPNS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 45.84x ÷ 23.8%

1.92x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sapiens International is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Sapiens International's assets?
Raw Data
NasdaqCM:SPNS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $4.24
NasdaqCM:SPNS Share Price * NasdaqCM (2019-05-24) in USD $14.8
United States of America Software Industry PB Ratio Median Figure of 221 Publicly-Listed Software Companies 5.63x
United States of America Market PB Ratio Median Figure of 5,207 Publicly-Listed Companies 1.8x
NasdaqCM:SPNS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:SPNS Share Price ÷ Book Value per Share (both in USD)

= 14.8 ÷ 4.24

3.49x

* Primary Listing of Sapiens International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sapiens International is good value based on assets compared to the US Software industry average.
X
Value checks
We assess Sapiens International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. Sapiens International has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Sapiens International expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
23.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sapiens International expected to grow at an attractive rate?
  • Sapiens International's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Sapiens International's earnings growth is expected to exceed the United States of America market average.
  • Sapiens International's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:SPNS Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:SPNS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 23.8%
NasdaqCM:SPNS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 10%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 16.5%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 11.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:SPNS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:SPNS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 392 33 1
2020-12-31 349 28 2
2019-12-31 320 22 4
NasdaqCM:SPNS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 295 29 16
2018-12-31 290 28 14
2018-09-30 288 19 13
2018-06-30 287 11 11
2018-03-31 284 25 5
2017-12-31 269 9 0
2017-09-30 255 7 1
2017-06-30 239 14 3
2017-03-31 223 14 12
2016-12-31 216 26 19
2016-09-30 208 36 21
2016-06-30 198 40 21

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sapiens International's earnings are expected to grow significantly at over 20% yearly.
  • Sapiens International's revenue is expected to grow by 10% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:SPNS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Sapiens International Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:SPNS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.64 0.64 0.64 1.00
2020-12-31 0.55 0.55 0.55 1.00
2019-12-31 0.43 0.48 0.36 3.00
NasdaqCM:SPNS Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.32
2018-12-31 0.28
2018-09-30 0.27
2018-06-30 0.22
2018-03-31 0.11
2017-12-31 0.01
2017-09-30 0.02
2017-06-30 0.07
2017-03-31 0.25
2016-12-31 0.40
2016-09-30 0.44
2016-06-30 0.43

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Sapiens International will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Sapiens International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Sapiens International has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Sapiens International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Sapiens International's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Sapiens International's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Sapiens International's 1-year earnings growth exceeds its 5-year average (198.2% vs -9.9%)
  • Sapiens International's earnings growth has exceeded the US Software industry average in the past year (198.2% vs 21.4%).
Earnings and Revenue History
Sapiens International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Sapiens International Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:SPNS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 295.50 16.10 51.90 34.04
2018-12-31 289.71 13.79 52.13 34.41
2018-09-30 288.00 13.23 45.93 34.56
2018-06-30 286.77 10.99 45.66 34.59
2018-03-31 283.66 5.40 49.71 34.91
2017-12-31 269.19 0.35 51.11 31.96
2017-09-30 254.71 0.97 56.08 28.62
2017-06-30 239.18 3.33 55.09 24.38
2017-03-31 223.16 12.24 48.59 19.43
2016-12-31 216.19 19.34 44.46 16.49
2016-09-30 207.75 21.40 43.17 14.15
2016-06-30 198.31 20.78 42.68 12.48
2016-03-31 191.34 20.17 41.32 10.87
2015-12-31 185.64 20.02 39.86 10.24
2015-09-30 178.74 18.77 38.10 10.24
2015-06-30 166.62 17.11 34.53 10.61
2015-03-31 161.84 15.60 33.35 11.08
2014-12-31 157.45 14.46 32.10 11.35
2014-09-30 151.87 13.26 30.76 11.37
2014-06-30 146.08 12.42 29.00 11.41
2014-03-31 140.50 11.99 27.65 11.51
2013-12-31 135.38 11.60 26.68 11.85
2013-09-30 130.36 11.50 25.25 11.67
2013-06-30 125.32 12.10 25.49 11.61
2013-03-31 119.43 12.02 25.49 11.09
2012-12-31 113.91 11.78 25.24 10.17
2012-09-30 107.33 9.51 25.43 8.68
2012-06-30 95.51 7.59 23.60 7.49

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Sapiens International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sapiens International used its assets less efficiently than the US Software industry average last year based on Return on Assets.
  • Sapiens International's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sapiens International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Sapiens International has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Sapiens International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Sapiens International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sapiens International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sapiens International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sapiens International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Sapiens International Company Filings, last reported 1 month ago.

NasdaqCM:SPNS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 211.81 103.08 63.38
2018-12-31 202.48 78.48 64.63
2018-09-30 200.47 78.42 64.08
2018-06-30 204.55 78.38 59.21
2018-03-31 207.14 78.33 61.75
2017-12-31 202.23 78.28 71.47
2017-09-30 204.03 78.24 80.49
2017-06-30 200.86 38.00 46.42
2017-03-31 199.40 40.00 35.12
2016-12-31 195.30 0.00 79.13
2016-09-30 194.51 0.00 81.36
2016-06-30 186.33 0.00 87.95
2016-03-31 182.35 0.00 81.98
2015-12-31 182.19 0.00 63.13
2015-09-30 175.83 0.00 48.97
2015-06-30 181.34 0.00 51.05
2015-03-31 179.02 0.00 53.94
2014-12-31 178.45 0.00 47.40
2014-09-30 176.50 0.00 45.13
2014-06-30 179.17 0.00 45.37
2014-03-31 174.07 0.00 74.97
2013-12-31 170.41 0.00 70.31
2013-09-30 127.48 0.00 28.11
2013-06-30 121.58 0.00 29.15
2013-03-31 118.17 0.00 25.59
2012-12-31 118.44 0.00 29.05
2012-09-30 118.22 0.00 33.11
2012-06-30 113.97 0.00 31.23
  • Sapiens International's level of debt (48.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 48.7% today).
  • Debt is well covered by operating cash flow (28.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.1x coverage).
X
Financial health checks
We assess Sapiens International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Sapiens International has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Sapiens International dividends.
If you bought $2,000 of Sapiens International shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Sapiens International's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Sapiens International's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:SPNS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:SPNS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Sapiens International has not reported any payouts.
  • Unable to verify if Sapiens International's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Sapiens International's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Sapiens International has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Sapiens International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Sapiens International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sapiens International has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Roni Al-Dor
AGE 57
TENURE AS CEO 13.5 years
CEO Bio

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 & Director at Adaptik Corporation. Mr. Al-Dor was a Co-Founder of TTI Team Telecom International Ltd., and served as its Consultant since April 20, 2004. He has over 20 years of experience in the High Tech industry. He served as the President of TTI Team Telecom International Ltd., from August 1996 to April 2004, Vice President from September 1992 to November 1995 and as its Co-President from November 1995 to August 1996. He served as Manager of Software Development of Telecommunications Projects at TTI Team from February 1988 to September 1992. During his service in the Israeli Air Force, Mr. Al-Dor worked on projects relating to computerization in aircrafts. Mr. Al-Dor has been a Director of Sapiens International Corporation N.V. since November 2005. He served as an Additional Director at Sapiens International Corporation N.V. since November 2005. Mr. Al-Dor is a graduate of the military computer college of the Israeli Air Force, studied Computer Science and Management at Bar Ilan University and attended the Israel Management Center for Business Administration.

CEO Compensation
  • Insufficient data for Roni to compare compensation growth.
  • Insufficient data for Roni to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Sapiens International management team in years:

3.3
Average Tenure
56
Average Age
  • The tenure for the Sapiens International management team is about average.
Management Team

Roni Al-Dor

TITLE
President
AGE
57
TENURE
13.5 yrs

Roni Giladi

TITLE
CFO & VP
AGE
47
TENURE
11.8 yrs

Ben Shory

TITLE
Corporate CTO & Digital Division Manager
TENURE
1.2 yrs

Yaffa Cohen-Ifrah

TITLE
Chief Marketing Officer & Head of Corporate Communications
TENURE
5.3 yrs

Osnat Segev-Harel

TITLE
Head of Corporate Development
AGE
56
TENURE
10.3 yrs

Hagit Ashkenazi

TITLE
Executive VP & Head of Professional Services

Harold Westervelt

TITLE
Managing Director of DECISION
TENURE
1.5 yrs

Tamar Alon-Verber

TITLE
Chief Business Finance Officer
TENURE
1.2 yrs

Tal Sharon

TITLE
President of Sapiens Israel & East Europe
TENURE
1.3 yrs

Liana Gelikas

TITLE
President of P&C/General Insurance and Reinsurance Division
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the Sapiens International board of directors in years:

13.5
Average Tenure
57
Average Age
  • The average tenure for the Sapiens International board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Guy Bernstein

TITLE
Chairman of the Board
AGE
50
TENURE
9.5 yrs

Roni Al-Dor

TITLE
President
AGE
57
TENURE
13.5 yrs

Andre Boisvert

TITLE
Chairman of Sapiens Decision
AGE
64
TENURE
2.8 yrs

Yacov Elinav

TITLE
Director
AGE
74
TENURE
14.2 yrs

Naamit Salomon

TITLE
Director
AGE
54
TENURE
15.7 yrs

Uzi Netanel

TITLE
Director
AGE
82
TENURE
14.2 yrs

Eyal Ben-Chlouche

TITLE
Director
AGE
57
TENURE
10.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Sapiens International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Sapiens International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Sapiens International Corporation N.V.'s (NASDAQ:SPNS) P/E Ratio Really That Good?

We'll look at Sapiens International Corporation N.V.'s (NASDAQ:SPNS) P/E ratio and reflect on what it tells us about the company's share price. … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Sapiens International: P/E of 45.72 = $14.76 ÷ $0.32 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good? … All else being equal, it's better to pay a low price -- but as Warren Buffett said, 'It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.' How Growth Rates Impact P/E Ratios Companies that shrink earnings per share quickly will rapidly decrease the 'E' in the equation.

Simply Wall St -

If You Had Bought Sapiens International (NASDAQ:SPNS) Stock Five Years Ago, You Could Pocket A 75% Gain Today

(NASDAQ:SPNS) shareholders have enjoyed a 75% share price rise over the last half decade, well in excess of the market return of around 47% (not including dividends). … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … Over half a decade, Sapiens International managed to grow its earnings per share at 2.5% a year.

Simply Wall St -

What Kind Of Shareholders Own Sapiens International Corporation N.V. (NASDAQ:SPNS)?

(NASDAQ:SPNS), then you'll have to look at the makeup of its share registry. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Sapiens International is not a large company by global standards.

Simply Wall St -

Sapiens International Corporation N.V. (NASDAQ:SPNS): What Does Its Beta Value Mean For Your Portfolio?

(NASDAQ:SPNS), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Should You Be Worried About Sapiens International Corporation N.V.'s (NASDAQ:SPNS) 6.9% Return On Equity?

Sapiens International has a ROE of 6.9%, based on the last twelve months. … Another way to think of that is that for every $1 worth of equity in the company, it was able to earn $0.069. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Do You Know About Sapiens International Corporation N.V.’s (NASDAQ:SPNS) ROCE?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Is Sapiens International Corporation N.V.'s (NASDAQ:SPNS) Balance Sheet A Threat To Its Future?

(NASDAQ:SPNS) is a small-cap stock with a market capitalization of US$648m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … So, understanding the company's financial health becomes

Simply Wall St -

At US$12.11, Is Sapiens International Corporation N.V. (NASDAQ:SPNS) Worth Looking At Closely?

saw a decent share price growth in the teens level on the NASDAQCM over the last few months. … As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s examine Sapiens International’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

How Many Sapiens International Corporation N.V. (NASDAQ:SPNS) Shares Do Institutions Own?

Generally speaking, as a company grows, institutions will increase their ownership. … Sapiens International is not a large company by global standards. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

What You Must Know About Sapiens International Corporation N.V.'s (NASDAQ:SPNS) Beta Value

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Company Info

Description

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 software platform and solutions for personal, commercial, and specialty lines, as well as reinsurance and workers’ compensation, including Sapiens CoreSuite and Sapiens IDITSuite; and life, pension, and annuities, such as Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster. It also provides Sapiens DigitalSuite for customers, agents, brokers, customer groups, and third-party service providers; Sapiens DigitalHub, an API layer and digital studio; Sapiens AgentConnect and Sapiens CustomerConnect portals for the life, pension and annuities, property and casualty, and other insurance markets; and Sapiens PartnerHub, a cloud-based suite, as well as Sapiens Intelligence or Sapiens IntelligencePro advanced analytics solutions. In addition, the company offers Sapiens ReinsuranceMaster, Sapiens ReinsurancePro, and Sapiens Reinsurance GO reinsurance solutions; and Sapiens Platform, Sapiens CoreSuite, Sapiens PolicyPro, and Sapiens ClaimsPro, as well as Sapiens PolicyGo, Sapiens ClaimsGo, and Sapiens Connect for workers’ compensation. Further, it provides financial and compliance solutions, which comprise Sapiens FinancialPro, Sapiens Financial GO, Sapiens StatementPro, Sapiens CheckPro, and Sapiens Reporting Tools; and Sapiens Decision, an enterprise-scale platform that enables institutions to centrally author, store, and manage various organizational business logics. Additionally, the company offers tailor-made solutions based on its Sapiens eMerge platform; and program delivery, business, and managed services. It markets and sells its products and services through direct and partner sales. The company was founded in 1982 and is headquartered in Holon, Israel.

Details
Name: Sapiens International Corporation N.V.
SPNS
Exchange: NasdaqCM
Founded: 1982
$739,733,659
49,982,004
Website: http://www.sapiens.com
Address: Sapiens International Corporation N.V.
Azrieli Center,
26 Harokmim Street,
Holon,
5885800,
Israel
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM SPNS Common Shares Nasdaq Capital Market US USD 29. May 1992
DB S3P Common Shares Deutsche Boerse AG DE EUR 29. May 1992
TASE SPNS Common Shares The Tel-Aviv Stock Exchange IL ILS 29. May 1992
Number of employees
Current staff
Staff numbers
2,378
Sapiens International employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 23:49
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/07
Last earnings filing: 2019/05/06
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.