Ordina NV (ORDI.AS)
NL0000440584 - Common Stock
ORDI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 78 industry peers in the IT Services industry. ORDI has an excellent profitability rating, but there are some minor concerns on its financial health. While showing a medium growth rate, ORDI is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year ORDI was profitable.
In the past year ORDI had a positive cash flow from operations.
In the past 5 years ORDI has always been profitable.
ORDI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
ORDI has a better Return On Assets (8.03%) than 80.77% of its industry peers.
ORDI has a better Return On Equity (15.07%) than 61.54% of its industry peers.
With a decent Return On Invested Capital value of 13.03%, ORDI is doing good in 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 in line with the industry average of 10.52%.
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 Rank | Sector 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%
1.3 Margins
ORDI's Profit Margin of 4.99% is fine compared to the rest of the industry. ORDI outperforms 60.26% of its industry peers.
ORDI's Profit Margin has improved in the last couple of years.
ORDI's Operating Margin of 7.40% is in line compared to the rest of the industry. ORDI outperforms 55.13% of its industry peers.
ORDI's Operating Margin has improved in the last couple of years.
ORDI has a better Gross Margin (72.01%) than 64.10% of its industry peers.
ORDI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ORDI is creating some value.
The number of shares outstanding for ORDI has been reduced compared to 1 year ago.
The number of shares outstanding for ORDI has been reduced compared to 5 years ago.
The debt/assets ratio for ORDI has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 4.44 indicates that ORDI is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 4.44, ORDI belongs to the top of the industry, outperforming 84.62% of the companies in the same industry.
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.
The Debt to FCF ratio of ORDI (1.61) is better than 80.77% of its industry peers.
ORDI has a Debt/Equity ratio of 0.21. This is a healthy value indicating a solid balance between debt and equity.
ORDI has a better Debt to Equity ratio (0.21) than 65.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 1.61 | ||
| Altman-Z | 4.44 |
ROIC/WACC1.77
WACC7.36%
2.3 Liquidity
A Current Ratio of 0.94 indicates that ORDI may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.94, ORDI is doing worse than 75.64% of the companies in the same industry.
A Quick Ratio of 0.94 indicates that ORDI may have some problems paying its short term obligations.
ORDI has a Quick ratio of 0.94. This is in the lower half of the industry: ORDI underperforms 71.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.94 |
3. Growth
3.1 Past
The earnings per share for ORDI have decreased strongly by -15.55% in the last year.
ORDI shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 50.58% yearly.
The Revenue has been growing slightly by 6.73% in the past year.
ORDI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.66% yearly.
EPS 1Y (TTM)-15.55%
EPS 3Y17.39%
EPS 5Y50.58%
EPS growth Q2Q-10.59%
Revenue 1Y (TTM)6.73%
Revenue growth 3Y4.88%
Revenue growth 5Y4.66%
Revenue growth Q2Q6.18%
3.2 Future
ORDI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.74% yearly.
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.
4. Valuation
4.1 Price/Earnings Ratio
ORDI is valuated rather expensively with a Price/Earnings ratio of 23.75.
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 25.20, which is the current average of the S&P500 Index.
ORDI is valuated correctly with a Price/Forward Earnings ratio of 16.20.
ORDI's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 21.63. ORDI is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.75 | ||
| Fwd PE | 16.2 |
4.2 Price Multiples
ORDI's Enterprise Value to EBITDA is on the same level as the industry average.
ORDI's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.85 | ||
| EV/EBITDA | 11.21 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ORDI does not grow enough to justify the current Price/Earnings ratio.
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%
5. Dividend
5.1 Amount
ORDI has a Yearly Dividend Yield of 4.65%, which is a nice return.
ORDI's Dividend Yield is rather good when compared to the industry average which is at 11.93. ORDI pays more dividend than 89.74% of the companies in the same industry.
ORDI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.65% |
5.2 History
On average, the dividend of ORDI grows each year by 51.72%, which is quite nice.
Dividend Growth(5Y)51.72%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
ORDI pays out 160.95% of its income as dividend. This is not a sustainable payout ratio.
The dividend of ORDI is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP160.95%
EPS Next 2Y9.54%
EPS Next 3Y9.74%
Ordina NV
AMS:ORDI (11/14/2023, 7:00:00 PM)
5.7
+0.02 (+0.35%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap513.09M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.65% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.75 | ||
| Fwd PE | 16.2 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)2.48
PEG (5Y)0.47
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.03% | ||
| ROE | 15.07% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 7.4% | ||
| PM (TTM) | 4.99% | ||
| GM | 72.01% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.61
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.94 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-15.55%
EPS 3Y17.39%
EPS 5Y
EPS growth Q2Q
EPS Next Y9.57%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)6.73%
Revenue growth 3Y4.88%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y