Keyware

Cette analyse a été commandée et financée par l’entreprise concernée et constitue donc un avantage non-monétaire mineur tel que défini par MIFID2

Keyware ^CR	Bloomberg KEYW BB
Cartes à puce -sécurité / Belgique	Web Site \| Investors Relation

The soft bet is paying off

Mises à Jour

16/09/21	Résultats	Back in positive territory thanks to recove...
17/05/21	Target	The company continues to face challenge...
17/05/21	EPS	Our FY19 and FY20 EPS have been pus...
17/05/21	DCF	Our DCF has been downgraded due to th...
30/03/21	Résultats	Change of Authorisations' partner for furt...
16/09/20	Résultats	A pivotal year for the Authorisations divisi...
26/05/20	Résultats	The right time to establish itself as a soft...
18/03/20	Résultats	Positioned to take advantage of increasin...
13/11/19	Résultats	The challenge remains intact
30/08/19	Résultats	Software continues to drive up the top-line
04/07/19	Target	Amadeus IT Group and EdenRed were a...
04/07/19	EPS	Following the integration of the group’s a...
04/07/19	DCF	While we have slightly downgraded the E...
15/03/19	Résultats	Still in transition
12/11/18	EPS	The company has reported its Q3 18 resu...
09/11/18	Résultats	Still in transition, the group showed reven...
16/10/18	Résultats	Strong revenue growth, but profitability sti...
15/10/18	EPS	We have upgraded our earnings forecast ...
15/10/18	DCF	Our DCF valuation is supported by the in...
22/03/18	EPS	After a difficult year of transition for Keyw...
09/03/18	Résultats	FY17 - a transition year
05/12/17	EPS	Following the Q3 17 earnings release, w...
05/12/17	Résultats	Terminals positioning for recovery, Softw...
08/09/17	EPS	Following the Q2 earnings release, which...
08/09/17	DCF	Our DCF inputs have been left unchange...
05/09/17	Résultats	Mixed quarter, negatively impacted by a ...
15/06/17	EPS	Following the Q1 17 results, we have upd...
15/06/17	DCF	The DCF is negatively impacted by the to...
15/06/17	Résultats	Strong authorisations offset weaker termi...
17/03/17	EPS	Following the Q4 16 earnings release, w...
17/03/17	Résultats	Top-line above expectations, litigation as ...
24/11/16	Résultats	Authorisations somewhat offset terminals...
24/11/16	EPS	Following the Q3 results, we have downg...
24/11/16	DCF	The DCF valuation is driven up by a stro...
06/09/16	Résultats	Solid H1 despite a relative weakness in T...
06/09/16	EPS	Following the H1 results, we have upgrad...
15/06/16		Initiation of coverage.

Synthèse

	12/19A	12/20A	12/21E	12/22E	12/23E
PER ajusté (x)	16,1	9,64	13,1	12,3	11,1
Rendement net (%)	3,17	0,00	0,00	0,00	0,00
VE/EBITDA(R) (x)	6,95	5,79	6,92	6,49	5,47
BPA ajusté (€)	0,06	0,08	0,08	0,09	0,10
Croissance des BPA (%)	-39,7	32,7	7,98	6,55	10,3
Dividende net (€)	0,03	0,00	0,00	0,00	0,00
Chiffre d'affaires (k€)	18 116	12 961	15 302	16 568	18 589
Marge d'EBIT (%)	2,03	-3,08	2,59	2,88	4,08
Résultat net pdg (k€)	320	66,0	682	811	1 028
ROE (après impôts) (%)	1,17	0,24	2,37	2,58	3,02
Taux d'endettement (%)	14,2	13,4	9,66	4,95	0,45
Last Div. Indic 0,00 € payment 18/08/2021