SNP Schneider-Neureither & Partner (SHF)

Business description

SNP Schneider-Neureither & Partner is a software and consulting business focused on supporting customers in implementing change, and rapidly and economically tailoring IT landscapes to new situations.

Stock data

Market cap.€166.2m
Last close€30.36
High / Low (52 weeks)€49.1 / €28.5
Stock market listingDE
Forecast net cash (€m)0.1
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(5.8)(12.8)(19.5)
Relative *(6.1)(18)(34.2)

* % Relative to local index

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Company news

BRIEF-SNP Schneider Neureither & Partner increases stake in SNP ...

Tue, 16 May 2017 09:00:00 GMT

DGAP-Adhoc: SNP AG Acquires Majority Holding in UK-Based Harlex Management Ltd.

Fri, 30 Sep 2016 12:56:15 GMT

System Management: The Harmony of It All

Thu, 31 May 2012 19:59:06 GMT

Equiteq sells SAP data management consultancy to SNP AG

Mon, 03 Oct 2016 13:52:30 GMT

SNP Is Trusted With Chemical Industry Mega-Merger's IT Transformation

Tue, 27 Sep 2016 16:30:00 GMT

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (c) P/E (x) P/CF (x)
2015A 56.2 5.5 3.4 58.8 51.6 59.8
2016A 80.7 8.5 5.7 94.4 32.2 129.9
2017E 120.0 3.0 (1.2) (20.5) N/A N/A
2018E 149.2 11.0 6.4 77.1 39.4 16.4

Last updated on 03/11/2017

Investment summary

2017 has been a year of major change for SNP, including two major acquisitions, debt and equity capital raisings, corporate restructurings, new product offerings launched and new training centres established. This has involved significant cost in both financial terms and management time. There has been €4m in one off costs, and management expects to report break-even at the EBIT level in FY17. Excluding one-off costs, the FY17 EBIT margin is expected be c 3.3%. Following the acquisitions, the group now has a presence in most major regions globally. Hence, SNP now looks better positioned to deliver on its goal to be the global leader in software-based transformation projects. Following the recent correction, we believe the shares look increasingly attractive on c 18x our FY19e EPS.

Last updated on 03/11/2017

Industry outlook

SNP helps businesses tailor and improve their ERP landscapes. Its proprietary software includes the only off-the-shelf transformation product in SNP Transformation Backbone with SAP Landscape Transformation Software (T-B), which automates the process of combining, upgrading or carving out data from ERP systems. Activity remains brisk at SNP, with utilisation rates very high, as the company continues to benefit from favourable structural growth drivers, a partnership with SAP, along with its elevated profile in the wake of the landmark Hewlett-Packard deal of 2015.

Last updated on 02/11/2017

Key management

Dr Andreas Schneider-Neureither, CEO
Mr Joerg Vierfuss, CFO
Dr Michael Drill, Chairman of the Supervisory Board
Henry Göttler, Chief Operating Officer

Company address

Dossenheimer Landstraße 100
Heidelberg
69121
Germany
+49 6221 6425 - 0
View website