Declared Dividend • May 28
Dividend reduced to €1.20 Dividend of €1.20 is 31% lower than last year. Ex-date: 15th July 2026 Payment date: 17th July 2026 Dividend yield will be 2.9%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 63% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Duyuru • May 07
Linedata Services S.A., Annual General Meeting, Jun 11, 2026 Linedata Services S.A., Annual General Meeting, Jun 11, 2026. Location: 27 rue d orleans, neuilly sur seine France New Risk • Apr 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.6% Last year net profit margin: 15% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (53% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (8.6% net profit margin). Board Change • Apr 15
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Vivien Levy-Garboua was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Apr 05
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks High level of debt (43% net debt to equity). Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €44.40, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Software industry in the United Kingdom. Total returns to shareholders of 7.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €66.29 per share. Board Change • Feb 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Vivien Levy-Garboua was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 09
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Vivien Levy-Garboua was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Jan 28
Linedata Services S.A. to Report Fiscal Year 2025 Results on Feb 11, 2026 Linedata Services S.A. announced that they will report fiscal year 2025 results on Feb 11, 2026 Board Change • Jan 05
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Vivien Levy-Garboua was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Vivien Levy-Garboua was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 05
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Vivien Levy-Garboua was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Sep 12
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 43% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks High level of debt (43% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Board Change • Aug 22
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Vivien Levy-Garboua was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 04
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Vivien Levy-Garboua was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 08
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Vivien Levy-Garboua was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 26
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Vivien Levy-Garboua was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • May 13
Dividend of €1.75 announced Dividend of €1.75 is the same as last year. Ex-date: 8th July 2025 Payment date: 10th July 2025 Dividend yield will be 2.4%, which is higher than the industry average of 1.7%. Sustainability & Growth The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.6% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • May 05
Linedata Services S.A., Annual General Meeting, Jun 11, 2025 Linedata Services S.A., Annual General Meeting, Jun 11, 2025. Location: 27 rue d orleans, neuilly sur seine France Board Change • Apr 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Vivien Levy-Garboua was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 03
Linedata Services S.A. (ENXTPA:LIN) acquired NRoad, Inc. Linedata Services S.A. (ENXTPA:LIN) acquired NRoad, Inc on April 2, 2025. Linedata has completed the acquisition of NROAD, as it seeks to enhance its suite of tools for asset managers, credit institutions, and compliance teams through integrated artificial intelligence (AI). The acquisition is set to expand Linedata’s reach across the US market, leveraging NROAD’s regional presence and existing clients – including global banks, rating agencies, and payment processors.
Linedata Services S.A. (ENXTPA:LIN) completed the acquisition of NRoad, Inc on April 2, 2025. Board Change • Mar 17
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Vivien Levy-Garboua was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Jan 31
Linedata Services S.A. to Report Fiscal Year 2024 Results on Feb 13, 2025 Linedata Services S.A. announced that they will report fiscal year 2024 results After-Market on Feb 13, 2025 Board Change • Dec 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Vivien Levy-Garboua was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Dec 02
Now 25% undervalued Over the last 90 days, the stock has risen 8.3% to €75.80. The fair value is estimated to be €101, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Earnings per share has grown by 9.5%. Revenue is forecast to grow by 5.5% in 2 years. Earnings are forecast to grow by 4.6% in the next 2 years. Board Change • Nov 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Vivien Levy-Garboua was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €80.00, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 23x in the Software industry in the United Kingdom. Total returns to shareholders of 126% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €113 per share. Board Change • Aug 19
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Vivien Levy-Garboua was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Jul 23
Linedata Services S.A. to Report First Half, 2024 Results on Sep 12, 2024 Linedata Services S.A. announced that they will report first half, 2024 results on Sep 12, 2024 Upcoming Dividend • Jul 01
Upcoming dividend of €1.75 per share Eligible shareholders must have bought the stock before 08 July 2024. Payment date: 10 July 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (1.9%). Buy Or Sell Opportunity • May 17
Now 22% undervalued Over the last 90 days, the stock has risen 19% to €74.80. The fair value is estimated to be €95.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 8.3% in 2 years. Earnings are forecast to grow by 12% in the next 2 years. Board Change • May 17
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Vivien Levy-Garboua was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • May 08
Linedata Services S.A., Annual General Meeting, Jun 11, 2024 Linedata Services S.A., Annual General Meeting, Jun 11, 2024. Location: 27 rue d orleans, neuilly sur seine France Board Change • Apr 26
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Vivien Levy-Garboua was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 08
Linedata Services S.A. (ENXTPA:LIN) acquired DreamQuark SAS. Linedata Services S.A. (ENXTPA:LIN) acquired DreamQuark SAS on April 8, 2024.Linedata Services S.A. (ENXTPA:LIN) completed the acquisition of DreamQuark SAS on April 8, 2024. Duyuru • Feb 07
Linedata Services S.A. to Report Fiscal Year 2023 Results on Feb 13, 2024 Linedata Services S.A. announced that they will report fiscal year 2023 results After-Market on Feb 13, 2024 Reported Earnings • Sep 21
First half 2023 earnings released: EPS: €1.71 (vs €1.98 in 1H 2022) First half 2023 results: EPS: €1.71 (down from €1.98 in 1H 2022). Revenue: €87.5m (up 5.5% from 1H 2022). Net income: €8.50m (down 31% from 1H 2022). Profit margin: 9.7% (down from 15% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Sep 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.9%. The fair value is estimated to be €61.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings is also forecast to grow by 0.3% per annum over the same time period. Board Change • Sep 13
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Vivien Levy-Garboua was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 06
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Vivien Levy-Garboua was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Jul 25
Linedata Services S.A. to Report First Half, 2023 Results on Sep 13, 2023 Linedata Services S.A. announced that they will report first half, 2023 results on Sep 13, 2023 Upcoming Dividend • Jun 28
Upcoming dividend of €1.75 per share at 3.2% yield Eligible shareholders must have bought the stock before 05 July 2023. Payment date: 07 July 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of British dividend payers (6.0%). Higher than average of industry peers (1.9%). Reported Earnings • Feb 15
Full year 2022 earnings released: EPS: €4.30 (vs €4.42 in FY 2021) Full year 2022 results: EPS: €4.30 (down from €4.42 in FY 2021). Revenue: €172.7m (up 7.8% from FY 2021). Net income: €26.5m (down 6.3% from FY 2021). Profit margin: 15% (down from 18% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Software industry in the United Kingdom. Duyuru • Feb 07
Linedata Services S.A. to Report Fiscal Year 2022 Results on Feb 13, 2023 Linedata Services S.A. announced that they will report fiscal year 2022 results on Feb 13, 2023 Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment improved over the past week After last week's 29% share price gain to €44.10, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 28x in the Software industry in the United Kingdom. Total returns to shareholders of 26% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €25.58 per share. Upcoming Dividend • Jun 29
Upcoming dividend of €1.60 per share Eligible shareholders must have bought the stock before 06 July 2022. Payment date: 08 July 2022. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of British dividend payers (5.2%). Higher than average of industry peers (2.2%). Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Member of the Board Esther Namara was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 16
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €4.42 (up from €3.09 in FY 2020). Revenue: €160.2m (flat on FY 2020). Net income: €28.3m (up 40% from FY 2020). Profit margin: 18% (up from 13% in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 2.0%, compared to a 29% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Board Change • Feb 10
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Member of the Board Esther Namara was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 15
First half 2021 earnings released The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: €75.9m (down 3.3% from 1H 2020). Net income: €11.0m (up 45% from 1H 2020). Profit margin: 14% (up from 9.7% in 1H 2020). The increase in margin was driven by lower expenses. Upcoming Dividend • Jun 30
Upcoming dividend of €1.35 per share Eligible shareholders must have bought the stock before 06 July 2021. Payment date: 08 July 2021. Trailing yield: 3.5%. Lower than top quartile of British dividend payers (4.1%). Higher than average of industry peers (1.6%). 
