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    ALESK   FR0000035818


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Esker (ALESK): Returning to pre-COVID-19 growth path

09/21/2021 | 03:33am EDT

Edison Investment Research Limited Esker (ALESK): Returning to pre-COVID-19 growth path 21-Sep-2021 / 08:32 GMT/BST


London, UK, 21 September 2021

Esker (ALESK): Returning to pre-COVID-19 growth path

Esker's H121 results confirm growth has accelerated after a period of COVID-19-induced weaker demand in FY20. Revenue growth of 19% y-o-y compares to 8% growth in H120 and FY20. Despite increasing headcount by 12% y-o-y, Esker reported operating profit growth of 47% and an operating margin at the higher end of the company's 13-15% target range. While FY21 guidance is unchanged, our earnings forecasts for FY21/22 have been revised to reflect the pace of cost increases and wage inflation.

The stock trades at a premium to document processing automation software and French software peers but at a discount to US SaaS peers. Esker has re-rated over the past two years (the stock is up 109% over the last year and 259% over two years), with its P/E multiple moving much closer to the US SaaS software peer group. We believe this is due to the value placed on businesses with high levels of recurring revenue, providing visibility through a period of economic uncertainty, and the potential for multi-year profitable double-digit growth. Esker has the added advantage of a strong balance sheet to fund growth. Click here to view the full report or here to sign up to receive research as it is published.

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Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

1234785 21-Sep-2021

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(END) Dow Jones Newswires

September 21, 2021 03:32 ET (07:32 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
BELIEVE -0.25% 17.43 Real-time Quote.0.00%
DJ INDUSTRIAL 0.56% 35457.31 Delayed Quote.15.32%
ESKER -1.06% 280 Real-time Quote.58.55%
All news about ESKER
10/12Esker SA Reports Unaudited Sales Results for the Third Quarter and Nine Months of 2021
10/12Esker SA Provides Earnings Guidance for the Full Year of 2021
10/12ESKER : Q3 2021 Sales Activity
10/12GLOBAL MARKETS LIVE : Airbus, JPMorgan Chase, Facebook, EasyJet, LVMH...
09/22DOMINION WATER RESERVES : Reports Investment to Develop Esker Water Reserve
09/21ESKER (ALESK) : Returning to pre-COVID-19 growth path
09/14ESKER : 2021 Half-Year Results
09/14GLOBAL MARKETS LIVE : Intuit, Walmart, Qualcomm, Alibaba, Oracle...
09/14Esker Sa Reports Earnings Results for the Half Year Ended June 30, 2021
08/31GLOBAL MARKETS LIVE : EssilorLuxottica, PayPal, Volkswagen, Holcim, Apple....
More news
Analyst Recommendations on ESKER
More recommendations
Sales 2021 132 M 153 M 153 M
Net income 2021 14,6 M 17,0 M 17,0 M
Net cash 2021 35,8 M 41,6 M 41,6 M
P/E ratio 2021 110x
Yield 2021 0,20%
Capitalization 1 606 M 1 868 M 1 867 M
EV / Sales 2021 11,9x
EV / Sales 2022 10,2x
Nbr of Employees 759
Free-Float 93,0%
Duration : Period :
Esker Technical Analysis Chart | ALESK | FR0000035818 | MarketScreener
Technical analysis trends ESKER
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 3
Last Close Price 280,00 €
Average target price 318,33 €
Spread / Average Target 13,7%
EPS Revisions
Managers and Directors
Jean-Michel Bérard Chairman-Executive Board & Co-CEO
Emmanuel Olivier Co-Chief Executive Officer
Marie-Claude Bernal Chairman-Supervisory Board
Jean-Jacques Bérard Executive Vice President-Research & Development
Thomas Wolfe Member-Supervisory Board
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