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

From hardware provider to fintech specialist

Mises à Jour

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

	12/17A	12/18A	12/19E	12/20E	12/21E
PER ajusté (x)	11,0	11,6	9,05	6,87	8,78
Rendement net (%)	2,11	2,73	3,17	3,99	3,00
VE/EBITDA(R) (x)	7,27	6,90	5,38	3,94	4,61
BPA ajusté (€)	0,13	0,09	0,10	0,11	0,11
Croissance des BPA (%)	-39,3	-26,6	10,5	4,64	4,18
Dividende net (€)	0,03	0,03	0,03	0,03	0,03
Chiffre d'affaires (k€)	18 730	19 635	20 597	21 421	22 827
Marge d'EBIT (%)	6,10	1,34	1,53	2,01	2,55
Résultat net pdg (k€)	1 174	626	951	965	1 072
ROE (après impôts) (%)	4,36	2,28	3,38	3,23	3,32
Taux d'endettement (%)	21,1	18,6	12,0	7,29	3,00
Last Div. Indic 0,03 € payment 18/08/2020