Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Applus Services

BATS-CHIXE:APPSE
Snowflake Description

Good value with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
APPSE
BATS-CHIXE
€838M
Market Cap
  1. Home
  2. GB
  3. Commercial Services
Company description

Applus Services, S.A. provides testing, inspection, and certification services. The last earnings update was 44 days ago. More info.


Add to Portfolio Compare Print
  • Applus Services has significant price volatility in the past 3 months.
APPSE Share Price and Events
7 Day Returns
1.8%
BATS-CHIXE:APPSE
1%
GB Professional Services
5.3%
GB Market
1 Year Returns
-43.5%
BATS-CHIXE:APPSE
-0.7%
GB Professional Services
-21.5%
GB Market
APPSE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Applus Services (APPSE) 1.8% -22.6% -44.5% -43.5% -44.6% -44.2%
GB Professional Services 1% -7.7% -14.5% -0.7% 11.3% 48.3%
GB Market 5.3% -6.5% -25.2% -21.5% -22.4% -21.9%
1 Year Return vs Industry and Market
  • APPSE underperformed the Professional Services industry which returned -0.7% over the past year.
  • APPSE underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -21.5% over the past year.
Price Volatility
APPSE
Industry
5yr Volatility vs Market
Related Companies

APPSE Value

 Is Applus Services 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 Applus Services 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 Applus Services.

BATS-CHIXE:APPSE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.8%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

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 BATS-CHIXE:APPSE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 7.5%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.8
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.802 (1 + (1- 25%) (92.49%))
1.24
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.24
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.24 * 7.46%)
9.78%

Discounted Cash Flow Calculation for BATS-CHIXE:APPSE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Applus Services 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.

BATS-CHIXE:APPSE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 9.78%)
2020 131.35 Analyst x6 119.65
2021 137.27 Analyst x7 113.90
2022 152.08 Analyst x5 114.95
2023 157.00 Analyst x2 108.10
2024 160.47 Est @ 2.21% 100.64
2025 163.21 Est @ 1.71% 93.24
2026 165.42 Est @ 1.35% 86.08
2027 167.25 Est @ 1.11% 79.28
2028 168.81 Est @ 0.93% 72.89
2029 170.18 Est @ 0.81% 66.94
Present value of next 10 years cash flows €955.00
BATS-CHIXE:APPSE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €170.18 × (1 + 0.53%) ÷ (9.78% – 0.53%)
€1,849.54
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,849.54 ÷ (1 + 9.78%)10
€727.50
BATS-CHIXE:APPSE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €955.00 + €727.50
€1,682.50
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,682.50 / 142.67
€11.79
BATS-CHIXE:APPSE Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:APPSE represents 1.0349x of BME:APPS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.0349x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 11.79 x 1.0349
€12.20
Value per share (EUR) From above. €12.20
Current discount Discount to share price of €6.08
= -1 x (€6.08 - €12.20) / €12.20
50.2%

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

Current Discount
Amount off the current price Applus Services is available for.
Intrinsic value
>50%
Share price is €6.08 vs Future cash flow value of €12.2
Current Discount Checks
For Applus Services to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Applus Services's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Applus Services'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 Applus Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Applus Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:APPSE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.39
BME:APPS Share Price ** BME (2020-04-08) in EUR €5.88
United Kingdom of Great Britain and Northern Ireland Professional Services Industry PE Ratio Median Figure of 30 Publicly-Listed Professional Services Companies 15.76x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 747 Publicly-Listed Companies 13.27x

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

** Primary Listing of Applus Services.

BATS-CHIXE:APPSE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BME:APPS Share Price ÷ EPS (both in EUR)

= 5.88 ÷ 0.39

15.1x

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

  • Applus Services is good value based on earnings compared to the GB Professional Services industry average.
  • Applus Services is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Applus Services's expected growth come at a high price?
Raw Data
BATS-CHIXE:APPSE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
5.2%per year
United Kingdom of Great Britain and Northern Ireland Professional Services Industry PEG Ratio Median Figure of 18 Publicly-Listed Professional Services Companies 0.94x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 513 Publicly-Listed Companies 1.03x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:APPSE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.1x ÷ 5.2%

2.88x

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

  • Applus Services is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Applus Services's assets?
Raw Data
BATS-CHIXE:APPSE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €5.44
BME:APPS Share Price * BME (2020-04-08) in EUR €5.88
United Kingdom of Great Britain and Northern Ireland Professional Services Industry PB Ratio Median Figure of 42 Publicly-Listed Professional Services Companies 2.39x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,322 Publicly-Listed Companies 1.13x
BATS-CHIXE:APPSE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BME:APPS Share Price ÷ Book Value per Share (both in EUR)

= 5.88 ÷ 5.44

1.08x

* Primary Listing of Applus Services.

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

  • Applus Services is good value based on assets compared to the GB Professional Services industry average.
X
Value checks
We assess Applus Services'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 Professional 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 Professional Services industry average (and greater than 0)? (1 check)
  5. Applus Services has a total score of 4/6, 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.

APPSE Future Performance

 How is Applus Services expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

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
5.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Applus Services expected to grow at an attractive rate?
  • Applus Services's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Applus Services's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Applus Services's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:APPSE Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:APPSE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 5.2%
BATS-CHIXE:APPSE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 1.3%
United Kingdom of Great Britain and Northern Ireland Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 7.4%
United Kingdom of Great Britain and Northern Ireland Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 4%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.4%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.5%

*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
BATS-CHIXE:APPSE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:APPSE Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 1,879 2
2023-12-31 1,833 209 56 3
2022-12-31 1,845 228 69 6
2021-12-31 1,810 234 62 9
2020-12-31 1,750 206 51 10
2020-04-09
BATS-CHIXE:APPSE Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 1,778 248 56
2019-09-30 1,758 52
2019-06-30 1,739 200 49
2019-03-31 1,733 53
2018-12-31 1,676 159 41
2018-09-30 1,643 41
2018-06-30 1,607 154 41
2018-03-31 1,587 38
2017-12-31 1,583 137 36
2017-09-30 1,586 27
2017-06-30 1,592 161 18
2017-03-31 1,572 11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Applus Services's earnings are expected to grow by 5.2% yearly, however this is not considered high growth (20% yearly).
  • Applus Services's revenue is expected to grow by 1.3% 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
BATS-CHIXE:APPSE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Applus Services Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:APPSE Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31 0.39 0.54 0.23 2.00
2022-12-31 0.44 0.64 0.20 3.00
2021-12-31 0.43 0.59 0.13 7.00
2020-12-31 0.36 0.53 0.00 7.00
2020-04-09
BATS-CHIXE:APPSE Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.39
2019-09-30 0.36
2019-06-30 0.34
2019-03-31 0.37
2018-12-31 0.29
2018-09-30 0.29
2018-06-30 0.30
2018-03-31 0.28
2017-12-31 0.27
2017-09-30 0.21
2017-06-30 0.14
2017-03-31 0.09

*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.
  • Applus Services is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Applus Services'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Applus Services has a total score of 1/6, 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.

APPSE Past Performance

  How has Applus Services performed over the past 5 years?

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 Applus Services's growth in the last year to its industry (Professional 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.
  • Applus Services's year on year earnings growth rate has been positive over the past 5 years.
  • Applus Services's 1-year earnings growth exceeds its 5-year average (35% vs 11.6%)
  • Applus Services's earnings growth has exceeded the GB Professional Services industry average in the past year (35% vs 10.1%).
Earnings and Revenue History
Applus Services'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 Applus Services Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:APPSE Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,777.94 55.65
2019-09-30 1,757.71 51.87
2019-06-30 1,738.97 49.26
2019-03-31 1,732.64 53.34
2018-12-31 1,675.94 41.21
2018-09-30 1,643.19 41.38
2018-06-30 1,606.61 41.48
2018-03-31 1,586.79 37.98
2017-12-31 1,583.09 35.58
2017-09-30 1,586.42 27.50
2017-06-30 1,592.10 18.31
2017-03-31 1,572.17 11.37
2016-12-31 1,586.50 19.54
2016-09-30 1,605.62 25.05
2016-06-30 1,624.75 30.55
2016-03-31 1,663.11 34.40
2015-12-31 1,701.47 38.24
2015-09-30 1,700.24 41.00
2015-06-30 1,698.30 43.08
2015-03-31 1,658.51 33.42
2014-12-31 1,618.72 23.76
2014-09-30 1,605.20 -79.68 784.36
2014-06-30 1,599.97 -91.89
2014-03-31 1,590.24 -130.98
2013-12-31 1,580.50 -170.08

*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.
  • Applus Services has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Applus Services used its assets less efficiently than the GB Professional Services industry average last year based on Return on Assets.
  • Applus Services has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Applus Services'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 Professional 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.
Applus Services has a total score of 4/6, 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.

APPSE Health

 How is Applus Services'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 Applus Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Applus Services is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Applus Services's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Applus Services'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 1x 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 Applus Services Company Filings, last reported 3 months ago.

BATS-CHIXE:APPSE Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 824.46 599.65 157.07
2019-09-30 824.46 599.65 157.07
2019-06-30 803.21 602.45 133.21
2019-03-31 803.21 602.45 133.21
2018-12-31 810.89 615.98 142.02
2018-09-30 802.89 637.44 157.13
2018-06-30 802.89 636.58 157.13
2018-03-31 794.96 626.90 154.06
2017-12-31 794.96 624.95 154.06
2017-09-30
2017-06-30 656.28 714.74 143.82
2017-03-31 657.59 785.00 192.85
2016-12-31 657.59 782.30 192.85
2016-09-30 657.59 782.30 192.85
2016-06-30 650.10 764.00 123.63
2016-03-31 650.10 764.00 123.63
2015-12-31 651.30 817.64 166.70
2015-09-30 651.30 817.64 166.70
2015-06-30 660.13 834.46 131.86
2015-03-31 660.13 834.46 131.86
2014-12-31 633.57 785.00 154.33
2014-09-30 625.25 761.15 118.95
2014-06-30 625.25 761.15 118.95
2014-03-31 625.25 761.15 118.95
2013-12-31 323.25 1,100.58 183.73
  • Applus Services's level of debt (72.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (123.9% vs 72.7% today).
  • Debt is well covered by operating cash flow (41.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.7x coverage).
X
Financial health checks
We assess Applus Services'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. Applus Services 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.

APPSE Dividends

 What is Applus Services'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
3.74%
Current annual income from Applus Services dividends. Estimated to be 3.49% next year.
If you bought €2,000 of Applus Services shares you are expected to receive €75 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?
  • Applus Services's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.49%).
  • Applus Services's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (6.84%).
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
BATS-CHIXE:APPSE 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 10 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 26 Stocks 2.6%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 575 Stocks 5.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.5%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 6.8%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:APPSE Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31 0.18 2.00
2022-12-31 0.23 7.00
2021-12-31 0.21 10.00
2020-12-31 0.19 11.00
2020-04-09
BATS-CHIXE:APPSE Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-02-25 0.220 3.376
2019-03-21 0.150 1.322
2018-02-28 0.130 1.169
2018-02-27 0.130 1.146
2017-02-28 0.130 1.175
2016-02-29 0.130 1.474
2015-02-27 0.100 1.102
2015-02-25 0.100 0.969

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

  • Whilst dividend payments have been stable, Applus Services has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Applus Services only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Applus Services's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.6x coverage).
X
Income/ dividend checks
We assess Applus Services's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Applus Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Applus Services has a total score of 3/6, see the detailed checks below.


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

APPSE Management

 What is the CEO of Applus Services'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
Fernando Basabe Armijo
COMPENSATION €1,028,000
AGE 60
TENURE AS CEO 9.3 years
CEO Bio

Mr. Fernando Basabe Armijo has been the Chief Executive Officer of Applus Services, S.A. since January 2011. Mr. Basabe Armijo serves as Chief Executive Officer of Applus RTD B.V. He served as Chief Executive Officer of Applus RTD Benelux B.V. Mr. Basabe Armijo started his career with Manufacturers Hanover Trust Co (today J. P. Morgan) where he served different positions within the corporate banking division. He served as Chief Operating officer of Western Europe from 2002 to 2011 and Member of Operations Council of SGS SA. He started in SGS Spain in 1996 as Corporate Development Manager and was promoted in 1999 to Managing Director. Mr. Basabe Armijo served as Chief Operating Officer - South West Europe at SGS SA. Mr. Basabe Armijo Joined SGS in 1996 in Spain as Business Development Manager. He began his career in Finance. He served as Deputy General Manager of Grupo Fosforera SA in Spain. He joined SGS Tecnos S.A., in 1996 as Business Development Manager and also served as its General Manager since 1999. He has been an Executive Director at Applus Services, S.A. since February 1, 2011. Mr. Basabe Armijo served as National Chief Executive of SGS Spain. He holds a BA degree in Law from the University of Madrid and an MBA from IESE in Barcelona.

CEO Compensation
  • Fernando's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Fernando's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Applus Services management team in years:

7.3
Average Tenure
52
Average Age
  • The average tenure for the Applus Services management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Fernando Basabe Armijo

TITLE
CEO & Executive Director
COMPENSATION
€1M
AGE
60
TENURE
9.3 yrs

Joan Amigo I. Casas

TITLE
CFO & Executive Director
AGE
53
TENURE
12.3 yrs

Aston Swift

TITLE
Vice President of Investor Relations
TENURE
6.3 yrs

Eva Argilés Malonda

TITLE
General Counsel
AGE
46
TENURE
7.3 yrs

Anna Díaz

TITLE
Compliance Officer & Risk Manager
AGE
47
TENURE
5.3 yrs

José Delfín Pérez Fernández

TITLE
Senior Vice President of Human Resources
AGE
52
TENURE
2.3 yrs

Javier Serrano

TITLE
Senior Vice President for Corporate Development

Aitor Retes Aguado

TITLE
Executive Vice President of Automotive Division
AGE
52
TENURE
11.3 yrs

Jordi Brufau Redondo

TITLE
Executive Vice President of Laboratories Division
COMPENSATION
€162K
AGE
60
TENURE
13.3 yrs

Ramón Fernández Armas

TITLE
Executive Vice President of Energy & Industry Division
AGE
49
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the Applus Services board of directors in years:

5.2
Average Tenure
65
Average Age
  • The tenure for the Applus Services board of directors is about average.
Board of Directors

Christopher Cole

TITLE
Non-Executive Chairman
COMPENSATION
€230K
AGE
73
TENURE
5.9 yrs

Fernando Basabe Armijo

TITLE
CEO & Executive Director
COMPENSATION
€1M
AGE
60
TENURE
9.2 yrs

Joan Amigo I. Casas

TITLE
CFO & Executive Director
AGE
53
TENURE
0.9 yrs

John Hofmeister

TITLE
Non-Executive Independent Director
COMPENSATION
€90K
AGE
71
TENURE
6.8 yrs

Nicolas Villen Jimenez

TITLE
Non-Executive Independent Director
COMPENSATION
€14K
AGE
70
TENURE
4.5 yrs

Ernesto Mata Lopez

TITLE
Non-Executive Independent Director
COMPENSATION
€90K
AGE
78
TENURE
12.4 yrs

Richard Campbell Nelson

TITLE
Non-Executive Independent Director
COMPENSATION
€100K
AGE
76
TENURE
10.5 yrs

Maria Cristina Henriquez de Luna Basagoiti

TITLE
Non-Executive Independent Director
AGE
53
TENURE
3.8 yrs

Maria Jose Esteruelas Aguirre

TITLE
Non-Executive Independent Director
AGE
47
TENURE
1.2 yrs

Essimari Kairisto

TITLE
Non-Executive Independent Director
AGE
53
TENURE
1 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 (€)
01. Aug 19 Sell Fernando Basabe Armijo Individual 29. Jul 19 29. Jul 19 -88,432 €12.90 €-1,140,773
01. Aug 19 Sell Joan Amigo I. Casas Individual 29. Jul 19 29. Jul 19 -10,000 €13.07 €-130,300
X
Management checks
We assess Applus Services'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. Applus Services 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.

APPSE News

Simply Wall St News

APPSE Company Info

Description

Applus Services, S.A. provides testing, inspection, and certification services. The company’s Applus+ Energy & lndustry segment provides non-destructive testing, quality control, and accreditation services, as well as project management, supplier inspection, facility inspection, and asset certification and integrity services. This segment also provides qualified staff recruitment and hiring services for the oil and gas, aircraft, energy, mining, telecommunications, and construction industries. Its Applus+ Laboratories segment offers a range of laboratory testing, system certification, and product development services across various industries and electronic payment systems, including aerospace and industrial sectors. The company’s Applus+ Automotive segment provides mandatory vehicle roadworthiness testing services, verifying vehicles' compliance with safety and emissions regulations in force in various countries. Its Applus+ IDIADA segment offers design, engineering, testing, and certification services primarily to car manufacturers. Applus Services, S.A. primarily operates in Spain, the rest of Europe, the United States, Canada, the Asia Pacific, the Middle East, Africa, and Latin America. The company was formerly known as Applus Technologies Holding, S.L. and changed its name to Applus Services, S.A. in March 2014. Applus Services, S.A. was founded in 1996 and is headquartered in Madrid, Spain.

Details
Name: Applus Services, S.A.
APPSE
Exchange: BATS-CHIXE
Founded: 1996
€838,213,163
142,674,581
Website: http://www.applus.com
Address: Applus Services, S.A.
Parque Empresarial Las Mercedes,
Campezo, 1,
Madrid,
Madrid, 28022,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME APPS Ordinary Shares Bolsas y Mercados Espanoles ES EUR 09. May 2014
DB 39A Ordinary Shares Deutsche Boerse AG DE EUR 09. May 2014
LSE 0QTZ Ordinary Shares London Stock Exchange GB EUR 09. May 2014
BATS-CHIXE APPSE Ordinary Shares BATS 'Chi-X Europe' GB EUR 09. May 2014
Number of employees
Current staff
Staff numbers
23,051
Applus Services employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 20:16
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/09
Last earnings filing: 2020/02/25
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.