Sapiens International Corporation NV

Chart & Performance

D1W1MN

P/E

24.22

P/S

2.94

EPS

1.12

Div Yield, %

1.86%

Shrs. gr., 5y

2.15%

Rev. gr., 5y

12.18%

Revenues

515m

+8.39%

Net income

62m

+18.73%

CFO

79m

+81.42%

Dividend

Aug 28, 20240.29 USD/sh

Profile

Sapiens International Corporation N.V. provides software solutions for the insurance and financial services industries in North America, the European Union, the United Kingdom, Israel, and internationally. The company offers Sapiens CoreSuite and Sapiens IDITSuite for personal, commercial, and specialty lines; and Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster for life, pension, and annuities. It also provides Sapiens DigitalSuite for customers, agents, brokers, risk managers, customer groups and third-party service providers; Sapiens ReinsuranceMaster and Sapiens ReinsurancePro reinsurance solutions; and Sapiens Platform, Sapiens CoreSuite, Sapiens PolicyPro, and Sapiens ClaimsPro, as well as Sapiens PolicyGo, and Sapiens ClaimsGo for workers' compensation. In addition, the company offers financial and compliance solutions, which comprise Sapiens FinancialPro, Sapiens Financial GO, Sapiens StatementPro, Sapiens CheckPro, and Sapiens Reporting Tools; and Sapiens Decision, an enterprise-scale platform that enables institutions to centrally author, store, and manage various organizational business logics. Further, it provides tailor-made solutions based on its Sapiens eMerge platform; and program delivery, business, and managed services. The company markets and sells its products and services through direct and partner sales. Sapiens International Corporation N.V. was founded in 1982 and is headquartered in Holon, Israel.

URL

https://www.sapiens.com/

IPO date

May 29, 1992

Employees

4,754

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	514,584 8.39%	474,736 2.97%	461,035 20.41%
Cost of revenue	364,240	333,229	327,204
Unusual Expense (Income)
NOPBT	150,344	141,507	133,831
NOPBT Margin	29.22%	29.81%	29.03%
Operating Taxes	14,251	12,619	9,964
Tax Rate	9.48%	8.92%	7.45%
NOPAT	136,093	128,888	123,867
Net income	62,444 18.73%	52,595 11.50%	47,171 39.66%
Dividends	(28,144)	(38,579)	(20,255)
Dividend yield	1.75%	3.76%	1.06%
Proceeds from repurchase of equity	4,809
BB yield	-0.30%
Debt
Debt current	26,419	28,859	30,623
Long-term debt	88,334	125,202	167,315
Deferred revenue			9,337
Other long-term liabilities	19,106	18,871	12,144
Net debt	(91,351)	(28,126)	(15,137)
Cash flow
Cash from operating activities	79,425	43,780	80,542
CAPEX	(2,574)	(9,054)	(11,848)
Cash from investing activities	(72,780)	(12,440)	125
Cash from financing activities	(43,339)	(58,375)	(39,960)
FCF	145,584	141,302	137,104
Balance
Cash	202,116	180,285	210,243
Long term investments	3,988	1,902	2,832
Excess cash	180,375	158,450	190,023
Stockholders' equity	106,053	67,543	77,306
Invested Capital	421,446	470,748	501,255
ROIC	30.51%	26.52%	24.15%
ROCE	27.93%	25.74%	22.53%
EV
Common stock shares outstanding	55,721	55,570	55,590
Price	28.94 56.60%	18.48 -46.36%	34.45 12.54%
Market cap	1,612,570 57.03%	1,026,943 -46.38%	1,915,076 19.95%
EV	1,523,896	1,001,167	1,902,110
EBITDA	171,783	163,747	162,500
EV/EBITDA	8.87	6.11	11.71
Interest	340	1,427	3,794
Interest/NOPBT	0.23%	1.01%	2.83%