43.45 USD
+0.03 (+0.07%)
43.45 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to SPNS. SPNS was compared to 280 industry peers in the Software industry. SPNS scores excellent on profitability, but there are some minor concerns on its financial health. SPNS has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
SPNS had positive earnings in the past year.
SPNS had a positive operating cash flow in the past year.
Each year in the past 5 years SPNS has been profitable.
Each year in the past 5 years SPNS had a positive operating cash flow.
1.2 Ratios
The Return On Assets of SPNS (8.65%) is better than 81.79% of its industry peers.
Looking at the Return On Equity, with a value of 12.53%, SPNS is in the better half of the industry, outperforming 76.79% of the companies in the same industry.
SPNS has a Return On Invested Capital of 10.86%. This is amongst the best in the industry. SPNS outperforms 85.71% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SPNS is in line with the industry average of 10.98%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.65% | ||
| ROE | 12.53% | ||
| ROIC | 10.86% |
ROA(3y)9.12%
ROA(5y)7.74%
ROE(3y)14.05%
ROE(5y)12.52%
ROIC(3y)11.69%
ROIC(5y)9.95%
1.3 Margins
SPNS has a better Profit Margin (11.40%) than 72.50% of its industry peers.
SPNS's Profit Margin has improved in the last couple of years.
SPNS has a better Operating Margin (13.72%) than 79.64% of its industry peers.
In the last couple of years the Operating Margin of SPNS has grown nicely.
Looking at the Gross Margin, with a value of 44.30%, SPNS is doing worse than 72.14% of the companies in the same industry.
SPNS's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.72% | ||
| PM (TTM) | 11.4% | ||
| GM | 44.3% |
OM growth 3Y8.52%
OM growth 5Y6.49%
PM growth 3Y9.13%
PM growth 5Y10.59%
GM growth 3Y2.52%
GM growth 5Y2%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SPNS is creating some value.
SPNS has more shares outstanding than it did 1 year ago.
SPNS has more shares outstanding than it did 5 years ago.
The debt/assets ratio for SPNS has been reduced compared to a year ago.
2.2 Solvency
SPNS has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.28 | ||
| Altman-Z | N/A |
ROIC/WACC1.21
WACC8.99%
2.3 Liquidity
SPNS has a Current Ratio of 1.52. This is a normal value and indicates that SPNS is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of SPNS (1.52) is comparable to the rest of the industry.
A Quick Ratio of 1.52 indicates that SPNS should not have too much problems paying its short term obligations.
SPNS has a Quick ratio of 1.52. This is comparable to the rest of the industry: SPNS outperforms 46.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.52 | ||
| Quick Ratio | 1.52 |
3. Growth
3.1 Past
SPNS shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.37%.
The Earnings Per Share has been growing by 13.51% on average over the past years. This is quite good.
The Revenue has been growing slightly by 4.71% in the past year.
Measured over the past years, SPNS shows a quite strong growth in Revenue. The Revenue has been growing by 10.74% on average per year.
EPS 1Y (TTM)-1.37%
EPS 3Y7.3%
EPS 5Y13.51%
EPS Q2Q%-2.7%
Revenue 1Y (TTM)4.71%
Revenue growth 3Y5.57%
Revenue growth 5Y10.74%
Sales Q2Q%11.16%
3.2 Future
Based on estimates for the next years, SPNS will show a small growth in Earnings Per Share. The EPS will grow by 6.07% on average per year.
SPNS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.22% yearly.
EPS Next Y0.96%
EPS Next 2Y4.71%
EPS Next 3Y6.07%
EPS Next 5YN/A
Revenue Next Year6.35%
Revenue Next 2Y6.67%
Revenue Next 3Y7.22%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 30.17, SPNS can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of SPNS indicates a somewhat cheap valuation: SPNS is cheaper than 65.00% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of SPNS to the average of the S&P500 Index (26.76), we can say SPNS is valued inline with the index average.
With a Price/Forward Earnings ratio of 26.96, SPNS can be considered very expensive at the moment.
SPNS's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SPNS is cheaper than 63.21% of the companies in the same industry.
SPNS is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.96, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.17 | ||
| Fwd PE | 26.96 |
4.2 Price Multiples
SPNS's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. SPNS is cheaper than 75.71% of the companies in the same industry.
SPNS's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. SPNS is cheaper than 67.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 34.53 | ||
| EV/EBITDA | 23.68 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of SPNS may justify a higher PE ratio.
PEG (NY)31.46
PEG (5Y)2.23
EPS Next 2Y4.71%
EPS Next 3Y6.07%
5. Dividend
5.1 Amount
SPNS has a Yearly Dividend Yield of 1.36%.
Compared to an average industry Dividend Yield of 60.83, SPNS pays a better dividend. On top of this SPNS pays more dividend than 93.21% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.31, SPNS's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.36% |
5.2 History
The dividend of SPNS is nicely growing with an annual growth rate of 21.00%!
SPNS has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of SPNS decreased in the last 3 years.
Dividend Growth(5Y)21%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
SPNS pays out 60.73% of its income as dividend. This is not a sustainable payout ratio.
The dividend of SPNS is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP60.73%
EPS Next 2Y4.71%
EPS Next 3Y6.07%
43.45
+0.03 (+0.07%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners44.65%
Inst Owner Change21.4%
Ins Owners1.55%
Ins Owner ChangeN/A
Market Cap2.43B
Revenue(TTM)564.33M
Net Income(TTM)64.33M
Analysts46.67
Price Target37.99 (-12.57%)
Short Float %1.98%
Short Ratio1.24
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.36% |
Yearly Dividend0.57
Dividend Growth(5Y)21%
DP60.73%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.06%
Min EPS beat(2)1.71%
Max EPS beat(2)4.41%
EPS beat(4)4
Avg EPS beat(4)2.21%
Min EPS beat(4)0.43%
Max EPS beat(4)4.41%
EPS beat(8)7
Avg EPS beat(8)1.55%
EPS beat(12)9
Avg EPS beat(12)0.99%
EPS beat(16)11
Avg EPS beat(16)1.29%
Revenue beat(2)1
Avg Revenue beat(2)-0.04%
Min Revenue beat(2)-0.82%
Max Revenue beat(2)0.75%
Revenue beat(4)1
Avg Revenue beat(4)-1.3%
Min Revenue beat(4)-3.15%
Max Revenue beat(4)0.75%
Revenue beat(8)1
Avg Revenue beat(8)-1.9%
Revenue beat(12)2
Avg Revenue beat(12)-1.62%
Revenue beat(16)2
Avg Revenue beat(16)-2.03%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)3.02%
EPS NQ rev (3m)3.02%
EPS NY rev (1m)2.46%
EPS NY rev (3m)2.46%
Revenue NQ rev (1m)-0.69%
Revenue NQ rev (3m)-0.69%
Revenue NY rev (1m)0.28%
Revenue NY rev (3m)0.28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.17 | ||
| Fwd PE | 26.96 | ||
| P/S | 4.3 | ||
| P/FCF | 34.53 | ||
| P/OCF | 30.36 | ||
| P/B | 4.73 | ||
| P/tB | 29.41 | ||
| EV/EBITDA | 23.68 |
EPS(TTM)1.44
EY3.31%
EPS(NY)1.61
Fwd EY3.71%
FCF(TTM)1.26
FCFY2.9%
OCF(TTM)1.43
OCFY3.29%
SpS10.1
BVpS9.19
TBVpS1.48
PEG (NY)31.46
PEG (5Y)2.23
Graham Number17.25
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.65% | ||
| ROE | 12.53% | ||
| ROCE | 13.41% | ||
| ROIC | 10.86% | ||
| ROICexc | 12.66% | ||
| ROICexgc | 97.17% | ||
| OM | 13.72% | ||
| PM (TTM) | 11.4% | ||
| GM | 44.3% | ||
| FCFM | 12.46% |
ROA(3y)9.12%
ROA(5y)7.74%
ROE(3y)14.05%
ROE(5y)12.52%
ROIC(3y)11.69%
ROIC(5y)9.95%
ROICexc(3y)18.71%
ROICexc(5y)15.75%
ROICexgc(3y)280.93%
ROICexgc(5y)294.09%
ROCE(3y)14.42%
ROCE(5y)12.28%
ROICexgc growth 3Y-14.08%
ROICexgc growth 5Y38.54%
ROICexc growth 3Y17.66%
ROICexc growth 5Y14.5%
OM growth 3Y8.52%
OM growth 5Y6.49%
PM growth 3Y9.13%
PM growth 5Y10.59%
GM growth 3Y2.52%
GM growth 5Y2%
F-Score5
Asset Turnover0.76
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.28 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 42.92% | ||
| Cap/Sales | 1.71% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 80.05% | ||
| Profit Quality | 109.33% | ||
| Current Ratio | 1.52 | ||
| Quick Ratio | 1.52 | ||
| Altman-Z | N/A |
F-Score5
WACC8.99%
ROIC/WACC1.21
Cap/Depr(3y)44.6%
Cap/Depr(5y)44.64%
Cap/Sales(3y)1.85%
Cap/Sales(5y)2.21%
Profit Quality(3y)92.81%
Profit Quality(5y)112.61%
High Growth Momentum
Growth
EPS 1Y (TTM)-1.37%
EPS 3Y7.3%
EPS 5Y13.51%
EPS Q2Q%-2.7%
EPS Next Y0.96%
EPS Next 2Y4.71%
EPS Next 3Y6.07%
EPS Next 5YN/A
Revenue 1Y (TTM)4.71%
Revenue growth 3Y5.57%
Revenue growth 5Y10.74%
Sales Q2Q%11.16%
Revenue Next Year6.35%
Revenue Next 2Y6.67%
Revenue Next 3Y7.22%
Revenue Next 5YN/A
EBIT growth 1Y-8.06%
EBIT growth 3Y14.56%
EBIT growth 5Y17.93%
EBIT Next Year4.61%
EBIT Next 3Y7.35%
EBIT Next 5YN/A
FCF growth 1Y52.74%
FCF growth 3Y1.68%
FCF growth 5Y8.06%
OCF growth 1Y44.86%
OCF growth 3Y0.69%
OCF growth 5Y4.44%
SAPIENS INTERNATIONAL CORP / SPNS FAQ
What is the fundamental rating for SPNS stock?
ChartMill assigns a fundamental rating of 5 / 10 to SPNS.
What is the valuation status for SPNS stock?
ChartMill assigns a valuation rating of 4 / 10 to SAPIENS INTERNATIONAL CORP (SPNS). This can be considered as Fairly Valued.
How profitable is SAPIENS INTERNATIONAL CORP (SPNS) stock?
SAPIENS INTERNATIONAL CORP (SPNS) has a profitability rating of 7 / 10.
What are the PE and PB ratios of SAPIENS INTERNATIONAL CORP (SPNS) stock?
The Price/Earnings (PE) ratio for SAPIENS INTERNATIONAL CORP (SPNS) is 30.17 and the Price/Book (PB) ratio is 4.73.
Can you provide the expected EPS growth for SPNS stock?
The Earnings per Share (EPS) of SAPIENS INTERNATIONAL CORP (SPNS) is expected to grow by 0.96% in the next year.