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Ordina NV (ORDI.AS) Stock Fundamental Analysis

Europe - Euronext Amsterdam - AMS:ORDI - NL0000440584 - Common Stock

5.7 EUR
+0.02 (+0.35%)
Last: 11/14/2023, 7:00:00 PM
Fundamental Rating

5

ORDI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 77 industry peers in the IT Services industry. While ORDI has a great profitability rating, there are some minor concerns on its financial health. ORDI is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

ORDI had positive earnings in the past year.
In the past year ORDI had a positive cash flow from operations.
ORDI had positive earnings in each of the past 5 years.
Each year in the past 5 years ORDI had a positive operating cash flow.
ORDI.AS Yearly Net Income VS EBIT VS OCF VS FCFORDI.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 0 10M 20M 30M 40M

1.2 Ratios

Looking at the Return On Assets, with a value of 8.03%, ORDI belongs to the top of the industry, outperforming 80.77% of the companies in the same industry.
ORDI has a better Return On Equity (15.07%) than 61.54% of its industry peers.
Looking at the Return On Invested Capital, with a value of 13.03%, ORDI is in the better half of the industry, outperforming 79.49% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for ORDI is significantly below the industry average of 26.09%.
The last Return On Invested Capital (13.03%) for ORDI is above the 3 year average (12.32%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 8.03%
ROE 15.07%
ROIC 13.03%
ROA(3y)8.13%
ROA(5y)6.53%
ROE(3y)13.4%
ROE(5y)10.76%
ROIC(3y)12.32%
ROIC(5y)10.57%
ORDI.AS Yearly ROA, ROE, ROICORDI.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 0 5 10

1.3 Margins

Looking at the Profit Margin, with a value of 4.99%, ORDI is in the better half of the industry, outperforming 60.26% of the companies in the same industry.
In the last couple of years the Profit Margin of ORDI has grown nicely.
The Operating Margin of ORDI (7.40%) is comparable to the rest of the industry.
ORDI's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 72.01%, ORDI is in the better half of the industry, outperforming 64.10% of the companies in the same industry.
In the last couple of years the Gross Margin of ORDI has remained more or less at the same level.
Industry RankSector Rank
OM 7.4%
PM (TTM) 4.99%
GM 72.01%
OM growth 3Y12.91%
OM growth 5Y17.76%
PM growth 3Y11.67%
PM growth 5Y43.68%
GM growth 3Y0.15%
GM growth 5Y-0.02%
ORDI.AS Yearly Profit, Operating, Gross MarginsORDI.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 0 20 40 60

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6

2. Health

2.1 Basic Checks

ORDI has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
ORDI has less shares outstanding than it did 1 year ago.
The debt/assets ratio for ORDI has been reduced compared to a year ago.
ORDI.AS Yearly Shares OutstandingORDI.AS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 20M 40M 60M 80M
ORDI.AS Yearly Total Debt VS Total AssetsORDI.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 50M 100M 150M 200M 250M

2.2 Solvency

An Altman-Z score of 4.44 indicates that ORDI is not in any danger for bankruptcy at the moment.
The Altman-Z score of ORDI (4.44) is better than 84.62% of its industry peers.
ORDI has a debt to FCF ratio of 1.61. This is a very positive value and a sign of high solvency as it would only need 1.61 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 1.61, ORDI belongs to the best of the industry, outperforming 80.77% of the companies in the same industry.
A Debt/Equity ratio of 0.21 indicates that ORDI is not too dependend on debt financing.
ORDI has a better Debt to Equity ratio (0.21) than 65.38% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.21
Debt/FCF 1.61
Altman-Z 4.44
ROIC/WACC1.77
WACC7.36%
ORDI.AS Yearly LT Debt VS Equity VS FCFORDI.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 0 50M 100M 150M

2.3 Liquidity

ORDI has a Current Ratio of 0.94. This is a bad value and indicates that ORDI is not financially healthy enough and could expect problems in meeting its short term obligations.
ORDI has a Current ratio of 0.94. This is in the lower half of the industry: ORDI underperforms 75.64% of its industry peers.
ORDI has a Quick Ratio of 0.94. This is a bad value and indicates that ORDI is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.94, ORDI is doing worse than 71.79% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.94
Quick Ratio 0.94
ORDI.AS Yearly Current Assets VS Current LiabilitesORDI.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 20M 40M 60M 80M 100M

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4

3. Growth

3.1 Past

The earnings per share for ORDI have decreased strongly by -15.55% in the last year.
Measured over the past years, ORDI shows a very strong growth in Earnings Per Share. The EPS has been growing by 50.58% on average per year.
The Revenue has been growing slightly by 6.73% in the past year.
The Revenue has been growing slightly by 4.66% on average over the past years.
EPS 1Y (TTM)-15.55%
EPS 3Y17.39%
EPS 5Y50.58%
EPS Q2Q%-10.59%
Revenue 1Y (TTM)6.73%
Revenue growth 3Y4.88%
Revenue growth 5Y4.66%
Sales Q2Q%6.18%

3.2 Future

The Earnings Per Share is expected to grow by 9.74% on average over the next years. This is quite good.
Based on estimates for the next years, ORDI will show a small growth in Revenue. The Revenue will grow by 6.35% on average per year.
EPS Next Y9.57%
EPS Next 2Y9.54%
EPS Next 3Y9.74%
EPS Next 5YN/A
Revenue Next Year7.42%
Revenue Next 2Y6.73%
Revenue Next 3Y6.35%
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
ORDI.AS Yearly Revenue VS EstimatesORDI.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
ORDI.AS Yearly EPS VS EstimatesORDI.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.1 0.2 0.3

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3

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 23.75 indicates a rather expensive valuation of ORDI.
The rest of the industry has a similar Price/Earnings ratio as ORDI.
ORDI is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.49, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 16.20, ORDI is valued correctly.
ORDI's Price/Forward Earnings is on the same level as the industry average.
ORDI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.69, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 23.75
Fwd PE 16.2
ORDI.AS Price Earnings VS Forward Price EarningsORDI.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

The rest of the industry has a similar Enterprise Value to EBITDA ratio as ORDI.
The rest of the industry has a similar Price/Free Cash Flow ratio as ORDI.
Industry RankSector Rank
P/FCF 19.85
EV/EBITDA 11.21
ORDI.AS Per share dataORDI.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
ORDI has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.48
PEG (5Y)0.47
EPS Next 2Y9.54%
EPS Next 3Y9.74%

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.65%, ORDI is a good candidate for dividend investing.
ORDI's Dividend Yield is rather good when compared to the industry average which is at 3.76. ORDI pays more dividend than 89.74% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.31, ORDI pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.65%

5.2 History

The dividend of ORDI is nicely growing with an annual growth rate of 51.72%!
Dividend Growth(5Y)51.72%
Div Incr Years1
Div Non Decr Years1
ORDI.AS Yearly Dividends per shareORDI.AS Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 0.05 0.1 0.15 0.2 0.25

5.3 Sustainability

ORDI pays out 160.95% of its income as dividend. This is not a sustainable payout ratio.
ORDI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP160.95%
EPS Next 2Y9.54%
EPS Next 3Y9.74%
ORDI.AS Yearly Income VS Free CF VS DividendORDI.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 0 10M 20M 30M 40M
ORDI.AS Dividend Payout.ORDI.AS Dividend Payout, showing the Payout Ratio.ORDI.AS Dividend Payout.PayoutRetained Earnings

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Ordina NV

AMS:ORDI (11/14/2023, 7:00:00 PM)

5.7

+0.02 (+0.35%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst OwnersN/A
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap513.09M
Revenue(TTM)442.77M
Net Income(TTM)22.09M
Analysts82.86
Price Target5.71 (0.18%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.65%
Yearly Dividend0.16
Dividend Growth(5Y)51.72%
DP160.95%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)3.7%
PT rev (3m)3.7%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)2.72%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.07%
Valuation
Industry RankSector Rank
PE 23.75
Fwd PE 16.2
P/S 1.16
P/FCF 19.85
P/OCF 18.09
P/B 3.5
P/tB 32.17
EV/EBITDA 11.21
EPS(TTM)0.24
EY4.21%
EPS(NY)0.35
Fwd EY6.17%
FCF(TTM)0.29
FCFY5.04%
OCF(TTM)0.32
OCFY5.53%
SpS4.92
BVpS1.63
TBVpS0.18
PEG (NY)2.48
PEG (5Y)0.47
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 8.03%
ROE 15.07%
ROCE 19.55%
ROIC 13.03%
ROICexc 13.52%
ROICexgc 56.7%
OM 7.4%
PM (TTM) 4.99%
GM 72.01%
FCFM 5.84%
ROA(3y)8.13%
ROA(5y)6.53%
ROE(3y)13.4%
ROE(5y)10.76%
ROIC(3y)12.32%
ROIC(5y)10.57%
ROICexc(3y)15.52%
ROICexc(5y)12.95%
ROICexgc(3y)87.79%
ROICexgc(5y)108.6%
ROCE(3y)17.39%
ROCE(5y)14.92%
ROICexgc growth 3Y38.69%
ROICexgc growth 5Y-6.83%
ROICexc growth 3Y21.73%
ROICexc growth 5Y20.38%
OM growth 3Y12.91%
OM growth 5Y17.76%
PM growth 3Y11.67%
PM growth 5Y43.68%
GM growth 3Y0.15%
GM growth 5Y-0.02%
F-Score6
Asset Turnover1.61
Health
Industry RankSector Rank
Debt/Equity 0.21
Debt/FCF 1.61
Debt/EBITDA 0.63
Cap/Depr 16.57%
Cap/Sales 0.57%
Interest Coverage 35.29
Cash Conversion 59.14%
Profit Quality 116.97%
Current Ratio 0.94
Quick Ratio 0.94
Altman-Z 4.44
F-Score6
WACC7.36%
ROIC/WACC1.77
Cap/Depr(3y)25.85%
Cap/Depr(5y)33.08%
Cap/Sales(3y)0.96%
Cap/Sales(5y)0.88%
Profit Quality(3y)165.01%
Profit Quality(5y)156.55%
High Growth Momentum
Growth
EPS 1Y (TTM)-15.55%
EPS 3Y17.39%
EPS 5Y50.58%
EPS Q2Q%-10.59%
EPS Next Y9.57%
EPS Next 2Y9.54%
EPS Next 3Y9.74%
EPS Next 5YN/A
Revenue 1Y (TTM)6.73%
Revenue growth 3Y4.88%
Revenue growth 5Y4.66%
Sales Q2Q%6.18%
Revenue Next Year7.42%
Revenue Next 2Y6.73%
Revenue Next 3Y6.35%
Revenue Next 5YN/A
EBIT growth 1Y-15.73%
EBIT growth 3Y18.41%
EBIT growth 5Y23.24%
EBIT Next Year48%
EBIT Next 3Y19.5%
EBIT Next 5YN/A
FCF growth 1Y-35.25%
FCF growth 3Y20.34%
FCF growth 5Y28.47%
OCF growth 1Y-35.66%
OCF growth 3Y19.61%
OCF growth 5Y24.11%

Ordina NV / ORDI.AS FAQ

Can you provide the ChartMill fundamental rating for Ordina NV?

ChartMill assigns a fundamental rating of 5 / 10 to ORDI.AS.


What is the valuation status of Ordina NV (ORDI.AS) stock?

ChartMill assigns a valuation rating of 3 / 10 to Ordina NV (ORDI.AS). This can be considered as Overvalued.


Can you provide the profitability details for Ordina NV?

Ordina NV (ORDI.AS) has a profitability rating of 7 / 10.


Can you provide the financial health for ORDI stock?

The financial health rating of Ordina NV (ORDI.AS) is 6 / 10.


How sustainable is the dividend of Ordina NV (ORDI.AS) stock?

The dividend rating of Ordina NV (ORDI.AS) is 6 / 10 and the dividend payout ratio is 160.95%.