AlphaValue Corporate Services
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Keyware

CR
Bloomberg   KEYW BB
Cartes à puce -sécurité  /  Belgique  Web Site   |   Investors Relation
The soft bet is paying off
Objectif
Potentiel 114 %
Cours (€) 1,02
Capi (M€) 24,0
Perf. 1S: 3,03 %
Perf. 1M: 2,00 %
Perf. 3M: -1,92 %
Perf Ytd: -1,92 %
Perf. relative/stoxx600 10j: 0,09 %
Perf. relative/stoxx600 20j: -4,65 %
Target Change22/03/2018

Transition year is behind, brighter outlook

Changement d’Objectif de cours€ 1,79 vs 2,16-17,5 %

Changement d’EPS2018 : € 0,18 vs 0,20-8,03 %
2019 : € 0,22 vs 0,26-17,3 %

After a difficult year of transition for Keyware, which was mainly seen through the Payment Terminal (PT) division’s lower revenues and profitability, we have decreased our earnings forecasts for the years to come. The PT division should remain under pressure, but the company should quickly and quite strongly benefit from the development of its Software division and from its recent acquisitions. Thanks to these, we keep a positive opinion on the company which should quickly see synergies between its acquisitions and its home market. FY 17 looked like a transition year and Keyware’s evolution towards software is sound in the competitive PT market.



Mises à Jour

13 nov. 19 Publication Res./CA
The challenge remains intact

30 août 19 Publication Res./CA
Software continues to drive up the top-line

15 mars 19 Publication Res./CA
Still in transition

09 mars 18 Publication Res./CA
FY17 - a transition year

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