Duyuru • Apr 12
74Software, Annual General Meeting, May 19, 2026 74Software, Annual General Meeting, May 19, 2026. Location: pavillon dauphine, place du marechal de lattre de tassigny, paris France New Risk • Feb 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.4% net profit margin). Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €31.10, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 21x in the Software industry in the United Kingdom. Total returns to shareholders of 58% over the past three years. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €29.80, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 23x in the Software industry in the United Kingdom. Total returns to shareholders of 51% over the past three years. Board Change • Nov 25
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Olivier Placca was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Oct 30
74Software Raises Earnings Guidance for the Full Year 2025 74Software raised earnings guidance for the full year 2025. For the year, the Group now expects full-year organic revenue growth to reach around 4%, at the upper end of its initial guidance range. Margin on operating activities guidance remains unchanged between 14% and 16% of revenue. Reported Earnings • Jul 30
First half 2025 earnings released: EPS: €0.20 (vs €0.13 in 1H 2024) First half 2025 results: EPS: €0.20 (up from €0.13 in 1H 2024). Revenue: €344.0m (up 131% from 1H 2024). Net income: €5.80m (up 108% from 1H 2024). Profit margin: 1.7% (down from 1.9% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jul 07
Now 20% undervalued Over the last 90 days, the stock has risen 29% to €38.70. The fair value is estimated to be €48.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 61%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Buy Or Sell Opportunity • May 06
Now 21% undervalued Over the last 90 days, the stock has risen 26% to €33.40. The fair value is estimated to be €42.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 61%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Duyuru • Apr 24
74Software Provides Earnings Guidance for 2025 74Software provided earnings guidance for 2025. The full-year guidance is confirmed, with targeted revenue growth between 2% and 4%, reaching around €700 million, and an operating margin between 14% and 16%. Duyuru • Apr 12
74Software, Annual General Meeting, May 20, 2025 74Software, Annual General Meeting, May 20, 2025. Location: pavillon dauphine, place du marechal de lattre de tassigny, paris France New Risk • Mar 31
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Shares are highly illiquid. Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Reported Earnings • Mar 03
Full year 2024 earnings released: EPS: €1.67 (vs €1.71 in FY 2023) Full year 2024 results: EPS: €1.67. Revenue: €461.9m (up 45% from FY 2023). Net income: €39.3m (up 9.7% from FY 2023). Profit margin: 8.5% (down from 11% in FY 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Software industry in the United Kingdom. Duyuru • Feb 27
74Software Provides Revenue Guidance for the Full Year 2025 74Software provided revenue guidance for the full year 2025. As part of the 2024 capital raise, the Group had already provided its 2025 guidance, aiming for revenue growth between 2% and 4%. 74Software targets around €700 million in revenue and a margin from operating activities of between 14% (€100 million) and 16%. Board Change • Feb 19
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. 2 independent directors (8 non-independent directors). Independent Director Dominique Illien was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Feb 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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 Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Board Change • Jan 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. 2 independent directors (8 non-independent directors). Independent Director Dominique Illien was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Dec 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 39% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Shareholders have been diluted in the past year (39% increase in shares outstanding). Board Change • Nov 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. 2 independent directors (8 non-independent directors). Independent Director Dominique Illien was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Oct 24
Axway Software SA to Report Fiscal Year 2024 Results on Feb 26, 2025 Axway Software SA announced that they will report fiscal year 2024 results After-Market on Feb 26, 2025 New Risk • Aug 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 38% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Shareholders have been diluted in the past year (38% increase in shares outstanding). Duyuru • Aug 23
Axway Software SA has completed a Follow-on Equity Offering in the amount of €130.612812 million. Axway Software SA has completed a Follow-on Equity Offering in the amount of €130.612812 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 8,112,597
Price\Range: €16.1
Transaction Features: Rights Offering Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €22.00, the stock trades at a trailing P/E ratio of 13.2x. Average forward P/E is 23x in the Software industry in the United Kingdom. Total loss to shareholders of 5.9% over the past three years. Reported Earnings • Jul 22
First half 2024 earnings released: EPS: €0.13 (vs €0.17 in 1H 2023) First half 2024 results: EPS: €0.13 (down from €0.17 in 1H 2023). Revenue: €148.6m (up 2.2% from 1H 2023). Net income: €2.80m (down 24% from 1H 2023). Profit margin: 1.9% (down from 2.5% in 1H 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Duyuru • Jun 05
Axway Software SA (ENXTPA:AXW) signed an agreement to acquire Activities of Sopra Banking Software SA for an enterprise value of €330 million. Axway Software SA (ENXTPA:AXW) signed an agreement to acquire Activities of Sopra Banking Software SA for an enterprise value of €330 million on June 30, 2024. Concurrently, Sopra GMT signed an agreement to acquire 16.7% stake in Axway Software SA from Sopra Steria Group. Axway has secured the financing of this acquisition through the combination of new debt facilities confirmed by Groupe Crédit Agricole and Société Générale, and a share capital increase with preferential subscription rights of around €130 million. The transactions is subject to obtaining the necessary regulatory approvals and is expected to close by the end of third quarter 2024. The board of directors of Axway has approved the transactions.Crédit Agricole Corporate and Investment Bank acted as financial advisor to Axway. Société Générale Société anonyme (ENXTPA:GLE) acted as financial advisor to Sopra Steria Group. FINEXSI, SA, Financial Advisory Arm acted as an independent expert to Sopra Steria Group. Duyuru • Apr 26
Axway Software SA Provides Earning Guidance for 2024 Axway Software SA provided earning guidance for 2024. For the full year, Axway anticipates organic growth of between 1% and 3%, and a profit on operating activity of around 20% of revenue. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: €1.71 (vs €1.85 loss in FY 2022) Full year 2023 results: EPS: €1.71 (up from €1.85 loss in FY 2022). Revenue: €319.0m (up 1.6% from FY 2022). Net income: €35.8m (up €75.9m from FY 2022). Profit margin: 11% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: €1.71 (vs €1.85 loss in FY 2022) Full year 2023 results: EPS: €1.71 (up from €1.85 loss in FY 2022). Revenue: €318.9m (up 1.6% from FY 2022). Net income: €35.8m (up €75.8m from FY 2022). Profit margin: 11% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses. Revenue is forecast to stay flat during the next 2 years compared to a 9.6% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. New Risk • Feb 20
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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. This is currently the only risk that has been identified for the company. Duyuru • Jan 25
Axway Software SA Provides Earnings Guidance for the Year Ended December 31, 2023 and Fiscal Year 2024 Axway Software SA provided earnings guidance for the year ended December 31, 2023 and fiscal year 2024. Consequently, Axway now expects for 2023: Organic revenue growth above 5%, compared with 0 to 3% previously. Operating profit from business activity representing above 19% of revenue, compared with 15 to 18% previously.For 2024, the company forecasts organic growth of between 1 and 3%, and profitability of around 20% of revenue. Board Change • Nov 29
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Marie-Helene Rigal-Drogerys was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Jul 28
First half 2023 earnings released: EPS: €0.17 (vs €0.11 in 1H 2022) First half 2023 results: EPS: €0.17 (up from €0.11 in 1H 2022). Revenue: €145.5m (up 6.6% from 1H 2022). Net income: €3.70m (up 53% from 1H 2022). Profit margin: 2.5% (up from 1.8% in 1H 2022). Revenue is forecast to stay flat during the next 3 years compared to a 8.4% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance. Upcoming Dividend • May 29
Upcoming dividend of €0.40 per share at 1.8% yield Eligible shareholders must have bought the stock before 05 June 2023. Payment date: 07 June 2023. The company is not currently making a profit and its cash payout ratio is 80%. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (5.9%). In line with average of industry peers (1.9%). Reported Earnings • Mar 27
Full year 2022 earnings released: €1.85 loss per share (vs €0.45 profit in FY 2021) Full year 2022 results: €1.85 loss per share (down from €0.45 profit in FY 2021). Revenue: €314.0m (up 10.0% from FY 2021). Net loss: €40.0m (down €49.6m from profit in FY 2021). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Feb 23
Full year 2022 earnings released: €1.85 loss per share (vs €0.45 profit in FY 2021) Full year 2022 results: €1.85 loss per share (down from €0.45 profit in FY 2021). Revenue: €314.1m (up 10.0% from FY 2021). Net loss: €40.0m (down €49.6m from profit in FY 2021). Revenue is forecast to grow 1.9% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €22.00, the stock trades at a trailing P/E ratio of 45.2x. Average forward P/E is 28x in the Software industry in the United Kingdom. Total returns to shareholders of 93% over the past three years. Duyuru • Jan 27
Axway Software SA Revises Earnings Guidance for the Year 2022 Axway Software SA revised earnings guidance for the Year 2022. Organic revenue growth of between 4.5 and 5.5%, compared to 1 to 3% previously; - Operating profit from business activity representing between 14 to 15% of revenue, compared with 12 to 14% previously, current unaudited estimates indicate that the previously communicated targets for 2022 should be exceeded. Duyuru • Nov 10
Axway Software SA to Report First Half, 2023 Results on Jul 26, 2023 Axway Software SA announced that they will report first half, 2023 results on Jul 26, 2023 Duyuru • Oct 21
Axway Software SA to Report Fiscal Year 2022 Results on Feb 22, 2023 Axway Software SA announced that they will report fiscal year 2022 results at 5:40 PM, Central European Standard Time on Feb 22, 2023 Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €17.30, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 29x in the Software industry in the United Kingdom. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 17% share price gain to €21.00, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 33x in the Software industry in the United Kingdom. Upcoming Dividend • May 30
Upcoming dividend of €0.40 per share Eligible shareholders must have bought the stock before 06 June 2022. Payment date: 08 June 2022. Payout ratio and cash payout ratio are on the higher end at 90% and 85% respectively. Trailing yield: 2.4%. Lower than top quartile of British dividend payers (4.8%). In line with average of industry peers (2.2%). Reported Earnings • Mar 28
Full year 2021 earnings released: EPS: €0.45 (vs €0.40 in FY 2020) Full year 2021 results: EPS: €0.45 (up from €0.40 in FY 2020). Revenue: €285.5m (down 3.9% from FY 2020). Net income: €9.60m (up 13% from FY 2020). Profit margin: 3.4% (up from 2.9% in FY 2020). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to stay flat compared to a 30% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 24
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €0.45 (up from €0.40 in FY 2020). Revenue: €285.6m (down 3.9% from FY 2020). Net income: €9.60m (up 13% from FY 2020). Profit margin: 3.4% (up from 2.9% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to stay flat compared to a 29% growth forecast for the industry in the United Kingdom. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €20.40, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 35x in the Software industry in the United Kingdom. Total returns to shareholders of 77% over the past three years. Reported Earnings • Sep 07
First half 2021 earnings released: EPS €0.083 (vs €0.28 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €138.4m (up 1.3% from 1H 2020). Net income: €1.78m (up €7.79m from 1H 2020). Profit margin: 1.3% (up from net loss in 1H 2020). The move to profitability was primarily driven by lower expenses. Upcoming Dividend • Jun 09
Upcoming dividend of €0.40 per share Eligible shareholders must have bought the stock before 16 June 2021. Payment date: 18 June 2021. Trailing yield: 1.3%. Lower than top quartile of British dividend payers (4.0%). Lower than average of industry peers (1.6%). Reported Earnings • Mar 24
Full year 2020 earnings released: EPS €0.40 (vs €0.26 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: €297.2m (flat on FY 2019). Net income: €8.50m (up 57% from FY 2019). Profit margin: 2.9% (up from 1.8% in FY 2019). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 27
Full year 2020 earnings released: EPS €0.40 (vs €0.26 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: €297.2m (flat on FY 2019). Net income: €8.50m (up 57% from FY 2019). Profit margin: 2.9% (up from 1.8% in FY 2019). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 27
Revenue misses expectations Revenue missed analyst estimates by 0.4%. Over the next year, revenue is forecast to grow 2.6%, compared to a 7.9% growth forecast for the Software industry in the United Kingdom. Is New 90 Day High Low • Feb 20
New 90-day high: €27.70 The company is up 28% from its price of €21.70 on 17 November 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €27.68 per share.