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ifa systems

DB:IS8
Snowflake Description

Undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IS8
DB
€14M
Market Cap
  1. Home
  2. DE
  3. Healthcare
Company description

ifa systems AG develops, distributes, and installs software solutions and components primarily targeted at ophthalmologists and eye clinics in health IT industry worldwide. The last earnings update was 232 days ago. More info.


Add to Portfolio Compare Print
  • ifa systems has significant price volatility in the past 3 months.
IS8 Share Price and Events
7 Day Returns
25.6%
DB:IS8
9.5%
DE Healthcare Services
9.9%
DE Market
1 Year Returns
67.7%
DB:IS8
0.2%
DE Healthcare Services
-17.5%
DE Market
IS8 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ifa systems (IS8) 25.6% -9.6% -27.3% 67.7% -64.1% -51.2%
DE Healthcare Services 9.5% -6.5% -16.6% 0.2% 27.1% 88.9%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • IS8 outperformed the Healthcare Services industry which returned 0.2% over the past year.
  • IS8 outperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
IS8
Industry
5yr Volatility vs Market

Value

 Is ifa systems undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of ifa systems to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for ifa systems.

DB:IS8 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:IS8
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Healthcare Services Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.971 (1 + (1- 30%) (20.78%))
1.076
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.076 * 5.44%)
5.46%

Discounted Cash Flow Calculation for DB:IS8 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ifa systems is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:IS8 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5.46%)
2020 3.53 Analyst x1 3.34
2021 4.05 Analyst x1 3.64
2022 4.40 Est @ 8.75% 3.75
2023 4.66 Est @ 6.01% 3.77
2024 4.86 Est @ 4.09% 3.72
2025 4.99 Est @ 2.75% 3.63
2026 5.08 Est @ 1.8% 3.50
2027 5.14 Est @ 1.15% 3.36
2028 5.17 Est @ 0.69% 3.21
2029 5.19 Est @ 0.36% 3.05
Present value of next 10 years cash flows €34.00
DB:IS8 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €5.19 × (1 + -0.39%) ÷ (5.46% – -0.39%)
€88.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €88.37 ÷ (1 + 5.46%)10
€51.93
DB:IS8 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €34.00 + €51.93
€85.93
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €85.93 / 2.75
€31.25
DB:IS8 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:IS8 represents 1.00971x of XTRA:IS8
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00971x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 31.25 x 1.00971
€31.55
Value per share (EUR) From above. €31.55
Current discount Discount to share price of €5.20
= -1 x (€5.20 - €31.55) / €31.55
83.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price ifa systems is available for.
Intrinsic value
>50%
Share price is €5.2 vs Future cash flow value of €31.55
Current Discount Checks
For ifa systems to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ifa systems's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • ifa systems's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ifa systems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ifa systems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:IS8 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €1.02
XTRA:IS8 Share Price ** XTRA (2020-03-31) in EUR €5.15
Germany Healthcare Services Industry PE Ratio Median Figure of 6 Publicly-Listed Healthcare Services Companies 11.39x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ifa systems.

DB:IS8 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:IS8 Share Price ÷ EPS (both in EUR)

= 5.15 ÷ 1.02

5.04x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ifa systems is good value based on earnings compared to the DE Healthcare Services industry average.
  • ifa systems is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does ifa systems's expected growth come at a high price?
Raw Data
DB:IS8 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-30%per year
Europe Healthcare Services Industry PEG Ratio Median Figure of 14 Publicly-Listed Healthcare Services Companies 2.3x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:IS8 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.04x ÷ -30%

-0.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ifa systems earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ifa systems's assets?
Raw Data
DB:IS8 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €3.50
XTRA:IS8 Share Price * XTRA (2020-03-31) in EUR €5.15
Germany Healthcare Services Industry PB Ratio Median Figure of 7 Publicly-Listed Healthcare Services Companies 2.94x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:IS8 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:IS8 Share Price ÷ Book Value per Share (both in EUR)

= 5.15 ÷ 3.50

1.47x

* Primary Listing of ifa systems.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ifa systems is good value based on assets compared to the DE Healthcare Services industry average.
X
Value checks
We assess ifa systems's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Healthcare Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Healthcare Services industry average (and greater than 0)? (1 check)
  5. ifa systems has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is ifa systems expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-30%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ifa systems expected to grow at an attractive rate?
  • ifa systems's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • ifa systems's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • ifa systems's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:IS8 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:IS8 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -30%
DB:IS8 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 2.2%
Europe Healthcare Services Industry Earnings Growth Rate Market Cap Weighted Average 28.6%
Europe Healthcare Services Industry Revenue Growth Rate Market Cap Weighted Average 8.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:IS8 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:IS8 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 11 1
2023-12-31 10 1
2022-12-31 9 1
2021-12-31 9 6 2 1
2020-12-31 7 5 1 1
2020-03-31
2019-12-31 10 6 3 1
DB:IS8 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 10 2 3
2019-03-31 9 1 2
2018-12-31 7 0 1
2018-09-30 8 1 -4
2018-06-30 9 2 -8
2018-03-31 9 1 -9
2017-12-31 9 1 -9
2017-09-30 10 0 -7
2017-06-30 11 -1 -4
2017-03-31 11 0 -3
2016-12-31 11 1 -2
2016-09-30 11 2 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ifa systems's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • ifa systems's revenue is expected to grow by 2.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:IS8 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from ifa systems Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IS8 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 0.63 0.63 0.63 1.00
2020-12-31 0.33 0.33 0.33 1.00
2020-03-31
2019-12-31 1.09 1.09 1.09 1.00
DB:IS8 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 1.02
2019-03-31 0.65
2018-12-31 0.27
2018-09-30 -1.33
2018-06-30 -2.93
2018-03-31 -3.15
2017-12-31 -3.38
2017-09-30 -2.41
2017-06-30 -1.45
2017-03-31 -1.13
2016-12-31 -0.81
2016-09-30 -0.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • ifa systems is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess ifa systems's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ifa systems has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has ifa systems performed over the past 5 years?

  • ifa systems's last earnings update was 232 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ifa systems's growth in the last year to its industry (Healthcare Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ifa systems's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • ifa systems has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • ifa systems has become profitable in the last year making it difficult to compare the DE Healthcare Services industry average.
Earnings and Revenue History
ifa systems's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ifa systems Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IS8 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 9.93 2.81 0.16
2019-03-31 8.53 1.78 0.16
2018-12-31 7.13 0.74 0.16
2018-09-30 8.02 -3.65 0.23
2018-06-30 8.90 -8.04 0.31
2018-03-31 9.14 -8.67 0.44
2017-12-31 9.38 -9.29 0.57
2017-09-30 10.12 -6.64 0.54
2017-06-30 10.86 -3.98 0.51
2017-03-31 10.87 -3.10 0.51
2016-12-31 10.88 -2.22 0.51
2016-09-30 10.79 -0.10 0.49
2016-06-30 10.70 2.03 0.46
2016-03-31 10.68 2.05 0.42
2015-12-31 10.66 2.06 0.39
2015-09-30 10.29 1.84 0.39
2015-06-30 9.92 1.61 0.40
2015-03-31 10.17 1.58 0.40
2014-12-31 10.42 1.54 0.39
2014-09-30 10.38 1.33 0.39
2014-06-30 10.34 1.11 0.40
2014-03-31 10.22 1.08 0.42
2013-12-31 10.11 1.04 0.45

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • ifa systems has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • ifa systems used its assets more efficiently than the DE Healthcare Services industry average last year based on Return on Assets.
  • ifa systems has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ifa systems's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Healthcare Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ifa systems has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is ifa systems's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ifa systems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ifa systems's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • ifa systems's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ifa systems's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ifa systems Company Filings, last reported 9 months ago.

DB:IS8 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 9.63 3.00 2.17
2019-03-31 9.63 3.00 2.17
2018-12-31 7.61 6.00 3.69
2018-09-30 7.61 6.00 3.69
2018-06-30 6.93 2.00 3.60
2018-03-31 6.93 2.00 3.60
2017-12-31 8.27 6.00 4.33
2017-09-30 8.27 6.00 4.33
2017-06-30 14.28 6.02 3.50
2017-03-31 14.28 6.02 3.50
2016-12-31 15.81 0.47 0.22
2016-09-30 15.81 0.47 0.22
2016-06-30 20.61 1.28 0.58
2016-03-31 20.61 1.28 0.58
2015-12-31 20.27 0.14 0.82
2015-09-30 20.27 0.14 0.82
2015-06-30 18.56 0.27 0.13
2015-03-31 18.56 0.27 0.13
2014-12-31 17.88 0.47 1.85
2014-09-30 17.88 0.47 1.85
2014-06-30 14.69 0.79 0.28
2014-03-31 14.69 0.79 0.28
2013-12-31 14.14 0.69 0.88
  • ifa systems's level of debt (31.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (5.4% vs 31.2% today).
  • Debt is well covered by operating cash flow (65.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 144.6x coverage).
X
Financial health checks
We assess ifa systems's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ifa systems has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is ifa systems's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from ifa systems dividends. Estimated to be 1.94% next year.
If you bought €2,000 of ifa systems shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate ifa systems's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate ifa systems's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:IS8 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Europe Healthcare Services Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 1.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:IS8 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 0.10 1.00
2020-12-31 0.10 1.00
2020-03-31
2019-12-31 0.10 1.00
DB:IS8 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2017-08-31 0.000 0.000
2016-09-30 0.150 1.149
2016-06-23 0.150 1.353
2015-09-30 0.120 1.062
2015-06-08 0.120 1.110
2014-09-23 0.090 1.130
2014-06-05 0.090 1.423
2013-09-23 0.030 0.599
2012-05-04 0.100 2.241
2011-05-04 0.180 2.597
2010-03-01 0.150 2.046

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as ifa systems has not reported any payouts.
  • Unable to verify if ifa systems's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of ifa systems's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as ifa systems has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.8x coverage).
X
Income/ dividend checks
We assess ifa systems's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ifa systems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ifa systems has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of ifa systems's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jörg Polis
AGE 61
TENURE AS CEO 3.3 years
CEO Bio

Mr. Jörg Polis has been Chairman of Management Board and Chief Executive Officer at Ifa Systems Ag since November 1, 2016 and serves as its Chief Operating Officer and Chief Financial Officer. Mr. Polis served as Chief Technology Officer and Head of Administration, Finances and Technical Realization at Ifa Systems Ag

CEO Compensation
  • Insufficient data for Jörg to compare compensation growth.
  • Insufficient data for Jörg to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure of the ifa systems management team in years:

1.5
Average Tenure
  • The average tenure for the ifa systems management team is less than 2 years, this suggests a new team.
Management Team

Jörg Polis

TITLE
Chairman of Management Board
AGE
61
TENURE
3.3 yrs

Chris Reinartz

TITLE
Chief Information Officer & Member of the Management Board
AGE
56

Nobuo Takase

TITLE
CMO & Member of Management Board
TENURE
1.8 yrs

Holger Rambach

TITLE
Vice President of Operations & Administration
TENURE
1.2 yrs

Silke Vespermann

TITLE
Human Resource & Administrative Management
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure of the ifa systems board of directors in years:

2.4
Average Tenure
  • The average tenure for the ifa systems board of directors is less than 3 years, this suggests a new board.
Board of Directors

Nick Smith

TITLE
Chairman of the Supervisory Board
TENURE
2.4 yrs

Robert Gaulke

TITLE
Member of Supervisory Board
TENURE
2.4 yrs

Randy Samuels

TITLE
Member of Supervisory Board
TENURE
2.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess ifa systems's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ifa systems has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

ifa systems AG develops, distributes, and installs software solutions and components primarily targeted at ophthalmologists and eye clinics in health IT industry worldwide. It offers an Electronic Medical Record (EMR) dedicated to ophthalmology. The company EMR permits a detailed documentation and administration of the examination results and treatments, and can be implemented in specialist practices and eye centers, as well as ophthalmology departments in hospitals. It provides medical device interface system, a solution that is specialized in all data from ophthalmology and merge all data from different sources; clinical decision support system, analyses available clinical patient data to provide information about the guidelines, treatment methods, risks, etc; software connection platform, which connects and integrates different software products; and workflow management software, manages treatment processes; as well as Web-based registry solutions for treatment of cataract and refractive surgery. The company was founded in 1987 and is headquartered in Frechen, Germany. ifa systems AG is a subsidiary of Topcon Europe B.V.

Details
Name: ifa systems AG
IS8
Exchange: DB
Founded: 1987
€14,437,500
2,750,000
Website: http://www.ifasystems.de
Address: ifa systems AG
Augustinusstrasse 11B,
Frechen,
North Rhine-Westphalia, 50226,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA IS8 Share Capital XETRA Trading Platform DE EUR 11. Jul 2005
DB IS8 Share Capital Deutsche Boerse AG DE EUR 11. Jul 2005
OTCPK FYSS.Y SPONSORED ADR Pink Sheets LLC US USD 17. Sep 2014
Number of employees
Current staff
Staff numbers
59
ifa systems employees.
Industry
Health Care Technology
Healthcare
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 20:58
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/02/17
Last earnings filing: 2019/08/12
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.