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| 29.03.25 07:58:03 | TeamViewer's (ETR:TMV) Earnings Offer More Than Meets The Eye |  |
| TeamViewer SE's (ETR:TMV) recent earnings report didn't offer any surprises, with the shares unchanged over the last week. Our analysis suggests that shareholders might be missing some positive underlying factors in the earnings report. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit.XTRA:TMV Earnings and Revenue History March 29th 2025 Examining Cashflow Against TeamViewer's Earnings In high finance, the key ratio used to measure how well a company converts reported profits into free cash flow (FCF) is the accrual ratio (from cashflow). In plain english, this ratio subtracts FCF from net profit, and divides that number by the company's average operating assets over that period. The ratio shows us how much a company's profit exceeds its FCF. Therefore, it's actually considered a good thing when a company has a negative accrual ratio, but a bad thing if its accrual ratio is positive. While it's not a problem to have a positive accrual ratio, indicating a certain level of non-cash profits, a high accrual ratio is arguably a bad thing, because it indicates paper profits are not matched by cash flow. Notably, there is some academic evidence that suggests that a high accrual ratio is a bad sign for near-term profits, generally speaking. For the year to December 2024, TeamViewer had an accrual ratio of -0.25. Therefore, its statutory earnings were very significantly less than its free cashflow. In fact, it had free cash flow of €244m in the last year, which was a lot more than its statutory profit of €123.1m. TeamViewer's free cash flow improved over the last year, which is generally good to see. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Our Take On TeamViewer's Profit Performance Happily for shareholders, TeamViewer produced plenty of free cash flow to back up its statutory profit numbers. Because of this, we think TeamViewer's underlying earnings potential is as good as, or possibly even better, than the statutory profit makes it seem! And on top of that, its earnings per share have grown at an extremely impressive rate over the last three years. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. At Simply Wall St, we found 1 warning sign for TeamViewer and we think they deserve your attention. Story Continues This note has only looked at a single factor that sheds light on the nature of TeamViewer's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 20.02.25 04:52:04 | TeamViewer's (ETR:TMV) Earnings Seem To Be Promising | |
| Investors signalled that they were pleased with TeamViewer SE's (ETR:TMV) most recent earnings report. Looking deeper at the numbers, we found several encouraging factors beyond the headline profit numbers. Check out our latest analysis for TeamViewer XTRA:TMV Earnings and Revenue History February 20th 2025 Examining Cashflow Against TeamViewer's Earnings Many investors haven't heard of the accrual ratio from cashflow, but it is actually a useful measure of how well a company's profit is backed up by free cash flow (FCF) during a given period. To get the accrual ratio we first subtract FCF from profit for a period, and then divide that number by the average operating assets for the period. You could think of the accrual ratio from cashflow as the 'non-FCF profit ratio'. Therefore, it's actually considered a good thing when a company has a negative accrual ratio, but a bad thing if its accrual ratio is positive. While having an accrual ratio above zero is of little concern, we do think it's worth noting when a company has a relatively high accrual ratio. To quote a 2014 paper by Lewellen and Resutek, "firms with higher accruals tend to be less profitable in the future". For the year to December 2024, TeamViewer had an accrual ratio of -0.24. That implies it has very good cash conversion, and that its earnings in the last year actually significantly understate its free cash flow. To wit, it produced free cash flow of €244m during the period, dwarfing its reported profit of €123.1m. TeamViewer shareholders are no doubt pleased that free cash flow improved over the last twelve months. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Our Take On TeamViewer's Profit Performance As we discussed above, TeamViewer's accrual ratio indicates strong conversion of profit to free cash flow, which is a positive for the company. Based on this observation, we consider it possible that TeamViewer's statutory profit actually understates its earnings potential! And on top of that, its earnings per share have grown at an extremely impressive rate over the last three years. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. For example, we've discovered 1 warning sign that you should run your eye over to get a better picture of TeamViewer. Story Continues Today we've zoomed in on a single data point to better understand the nature of TeamViewer's profit. But there are plenty of other ways to inform your opinion of a company. Some people consider a high return on equity to be a good sign of a quality business. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 16.02.25 06:59:45 | TeamViewer Full Year 2024 Earnings: In Line With Expectations |  |
| TeamViewer (ETR:TMV) Full Year 2024 Results Key Financial Results Revenue: €671.4m (up 7.1% from FY 2023). Net income: €123.1m (up 8.0% from FY 2023). Profit margin: 18% (in line with FY 2023). EPS: €0.77 (up from €0.66 in FY 2023).XTRA:TMV Revenue and Expenses Breakdown February 16th 2025 All figures shown in the chart above are for the trailing 12 month (TTM) period TeamViewer Meets Expectations Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations. The primary driver behind last 12 months revenue was the EMEA segment contributing a total revenue of €365.2m (54% of total revenue). The largest operating expense was Sales & Marketing costs, amounting to €233.4m (50% of total expenses). Explore how TMV's revenue and expenses shape its earnings. Looking ahead, revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Performance of the German Software industry. The company's shares are up 9.8% from a week ago. Risk Analysis You still need to take note of risks, for example - TeamViewer has 1 warning sign we think you should be aware of. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 19.11.24 14:00:00 | Advancing IT Support to the next era: TeamViewer integrates Microsoft Teams into its AI-Powered Insights | |
| GÖPPINGEN, Germany, Nov. 19, 2024 /PRNewswire/ -- TeamViewer, a global leader in remote connectivity and digital workplace solutions, is debuting its latest AI-driven features at Microsoft Ignite 2024. Recently named 2024 Microsoft Teams Partner of the Year, TeamViewer will showcase capabilities that directly bring intelligent support to IT teams, leveraging Microsoft Teams, Copilot, and the secure infrastructure provided by Microsoft Azure OpenAI. These innovations promise to transform customer support with faster, smarter, and more proactive service.TeamViewer logo TeamViewer's new AI-driven Session Insights improve the support experience by providing immediate, comprehensive summaries of every remote support session and offering insights for reporting on common issues. This feature accelerates problem resolution and empowers IT teams to prevent future interruptions. Complementing this, an analytics dashboard helps IT leaders recognize patterns, optimize resources, and improve service levels, ultimately refining support processes for faster resolutions and enhanced customer satisfaction. Through TeamViewer's integration with Microsoft Teams and Copilot, IT teams gain powerful support capabilities within their daily tools, enabling seamless in-chat and in-call support sessions that keep the entire experience within the Teams hub. Support agents can seamlessly access session data, analyze insights, and receive AI-driven recommendations directly in the Microsoft Teams using Microsoft 365 Copilot. This streamlined access boosts efficiency, enabling agents to escalate issues, view historical context, and suggest solutions—all without switching tools. For example, when a support request comes through Teams, agents can use Copilot to quickly retrieve relevant information and initiate a TeamViewer session. By leveraging Copilot, agents access device data and past notes, fostering collaborative support that reduces repetitive tasks and improves response times. "Microsoft Azure OpenAI is at the core of our AI-driven insights, ensuring data security and efficiency as we deliver high-performance solutions at scale," said Mei Dent, Chief Product & Technology Officer at TeamViewer. "This integration with Azure marks the beginning of a broader strategy to embed AI deeply into IT support operations. By connecting TeamViewer insights with Microsoft Copilot, we're enabling teams to tackle issues proactively, optimize operations, and make data-driven decisions with ease. Our vision is to empower support teams to collaborate seamlessly and drive smarter, more agile support within a unified platform." Story Continues "As TeamViewer continues to advance its collaboration with Microsoft, we remain committed to leading industry standards and empowering IT teams to achieve new levels of service excellence. In a future where AI-driven support is the norm, TeamViewer aims to stay at the forefront, integrating deep AI insights with Azure's capabilities to deliver support that is faster, smarter, and more secure," said Alfredo Patron, Executive Vice President of Business Development at TeamViewer. "TeamViewer and Microsoft are joining forces to enhance the value and experience for our customers," said Edith Wittmann, General Manager of Global Partner Solutions Germany at Microsoft. "By combining TeamViewer's advanced remote support and workflow solutions with Microsoft's powerful AI and cloud infrastructure, we are not only improving agent productivity today, but moving towards an agent-less support in the future, which will be a gamechanger for our customers." TeamViewer provides a comprehensive solution that integrates with a wide range of Microsoft products. It brings Remote Access to the entire organization across different IT processes, from Collaboration (Teams) and Endpoint Management (Intune) to Customer Service (Dynamics 365) and Training (Azure Extensions). The deep technology integration provides a connected, seamless, and secure experience that empowers a Remote-first approach to IT departments. Available on the Microsoft Marketplace, TeamViewer enables simplified procurement and reduced legal complexity, enhancing accessibility and ease of use across organizations. About TeamViewer TeamViewer is a leading global technology company that provides a connectivity platform to remotely access, control, manage, monitor, and repair devices of any kind – from laptops and mobile phones to industrial machines and robots. Although TeamViewer is free of charge for private use, it has around 640,000 subscribers and enables companies of all sizes and from all industries to digitalize their business-critical processes through seamless connectivity. Against the backdrop of global megatrends like device proliferation, automation and new work, TeamViewer proactively shapes digital transformation and continuously innovates in the fields of Augmented Reality, Internet of Things and Artificial Intelligence. Since the company's foundation in 2005, TeamViewer's software has been installed on more than 2.5 billion devices around the world. The company is headquartered in Goppingen, Germany, and employs more than 1,500 people globally. In 2023, TeamViewer achieved a revenue of around EUR 627 million. TeamViewer SE (TMV) is listed at Frankfurt Stock Exchange and belongs to the MDAX. Further information can be found at https://www.teamviewer.com/. Logo - https://mma.prnewswire.com/media/2042102/TeamViewer_Logo.jpgCision View original content:https://www.prnewswire.com/news-releases/advancing-it-support-to-the-next-era-teamviewer-integrates-microsoft-teams-into-its-ai-powered-insights-302309102.html SOURCE TeamViewer View Comments |
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| 10.11.24 07:05:26 | TeamViewer SE Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions | |
| It's been a mediocre week for TeamViewer SE (ETR:TMV) shareholders, with the stock dropping 13% to €11.68 in the week since its latest third-quarter results. Revenues were €169m, approximately in line with expectations, although statutory earnings per share (EPS) performed substantially better. EPS of €0.25 were also better than expected, beating analyst predictions by 17%. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year. Check out our latest analysis for TeamViewer XTRA:TMV Earnings and Revenue Growth November 10th 2024 After the latest results, the 13 analysts covering TeamViewer are now predicting revenues of €703.8m in 2025. If met, this would reflect a credible 7.0% improvement in revenue compared to the last 12 months. Per-share earnings are expected to grow 16% to €0.90. Before this earnings report, the analysts had been forecasting revenues of €712.4m and earnings per share (EPS) of €0.88 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results. It will come as no surprise then, to learn that the consensus price target is largely unchanged at €15.50. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on TeamViewer, with the most bullish analyst valuing it at €19.00 and the most bearish at €12.00 per share. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation. Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. It's pretty clear that there is an expectation that TeamViewer's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 5.6% growth on an annualised basis. This is compared to a historical growth rate of 11% over the past five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 11% annually. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than TeamViewer. Story Continues The Bottom Line The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates. Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have forecasts for TeamViewer going out to 2026, and you can see them free on our platform here. Plus, you should also learn about the 1 warning sign we've spotted with TeamViewer . Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 08.11.24 05:23:49 | TeamViewer Third Quarter 2024 Earnings: EPS Beats Expectations | |
| TeamViewer (ETR:TMV) Third Quarter 2024 Results Key Financial Results Revenue: €168.7m (up 6.7% from 3Q 2023). Net income: €39.5m (up 49% from 3Q 2023). Profit margin: 23% (up from 17% in 3Q 2023). The increase in margin was primarily driven by higher revenue. EPS: €0.25 (up from €0.16 in 3Q 2023).XTRA:TMV Earnings and Revenue Growth November 8th 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period TeamViewer EPS Beats Expectations Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%. Looking ahead, revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Performance of the German Software industry. The company's shares are down 16% from a week ago. Risk Analysis It is worth noting though that we have found 1 warning sign for TeamViewer that you need to take into consideration. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View Comments |
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| 14.10.24 11:26:09 | Investors in TeamViewer (ETR:TMV) have unfortunately lost 52% over the last five years | |
| We think intelligent long term investing is the way to go. But unfortunately, some companies simply don't succeed. For example the TeamViewer SE (ETR:TMV) share price dropped 52% over five years. That's an unpleasant experience for long term holders. And some of the more recent buyers are probably worried, too, with the stock falling 25% in the last year. Now let's have a look at the company's fundamentals, and see if the long term shareholder return has matched the performance of the underlying business. View our latest analysis for TeamViewer While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. While the share price declined over five years, TeamViewer actually managed to increase EPS by an average of 26% per year. So it doesn't seem like EPS is a great guide to understanding how the market is valuing the stock. Alternatively, growth expectations may have been unreasonable in the past. Because of the sharp contrast between the EPS growth rate and the share price growth, we're inclined to look to other metrics to understand the changing market sentiment around the stock. Revenue is actually up 12% over the time period. A more detailed examination of the revenue and earnings may or may not explain why the share price languishes; there could be an opportunity. The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers). earnings-and-revenue-growth TeamViewer is well known by investors, and plenty of clever analysts have tried to predict the future profit levels. Given we have quite a good number of analyst forecasts, it might be well worth checking out this freechart depicting consensus estimates. A Different Perspective Investors in TeamViewer had a tough year, with a total loss of 25%, against a market gain of about 17%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 9% over the last half decade. We realise that Baron Rothschild has said investors should "buy when there is blood on the streets", but we caution that investors should first be sure they are buying a high quality business. It's always interesting to track share price performance over the longer term. But to understand TeamViewer better, we need to consider many other factors. For example, we've discovered 1 warning sign for TeamViewer that you should be aware of before investing here. Story continues If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this freelist of companies that have proven they can grow earnings. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on German exchanges. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View comments |
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| 17.09.24 06:57:59 | TeamViewer SE (ETR:TMV) has caught the attention of institutional investors who hold a sizeable 50% stake | |
| Key Insights Given the large stake in the stock by institutions, TeamViewer's stock price might be vulnerable to their trading decisions 51% of the business is held by the top 14 shareholders Ownership research along with analyst forecasts data help provide a good understanding of opportunities in a stock Every investor in TeamViewer SE (ETR:TMV) should be aware of the most powerful shareholder groups. The group holding the most number of shares in the company, around 50% to be precise, is institutions. Put another way, the group faces the maximum upside potential (or downside risk). Since institutional have access to huge amounts of capital, their market moves tend to receive a lot of scrutiny by retail or individual investors. Therefore, a good portion of institutional money invested in the company is usually a huge vote of confidence on its future. Let's delve deeper into each type of owner of TeamViewer, beginning with the chart below. Check out our latest analysis for TeamViewer ownership-breakdown What Does The Institutional Ownership Tell Us About TeamViewer? Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. TeamViewer already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at TeamViewer's earnings history below. Of course, the future is what really matters. earnings-and-revenue-growth TeamViewer is not owned by hedge funds. Permira Advisers Ltd. is currently the largest shareholder, with 16% of shares outstanding. With 5.0% and 3.7% of the shares outstanding respectively, BlackRock, Inc. and Norges Bank Investment Management are the second and third largest shareholders. After doing some more digging, we found that the top 14 have the combined ownership of 51% in the company, suggesting that no single shareholder has significant control over the company. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. Story continues Insider Ownership Of TeamViewer The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our information suggests that TeamViewer SE insiders own under 1% of the company. It's a big company, so even a small proportional interest can create alignment between the board and shareholders. In this case insiders own €12m worth of shares. It is good to see board members owning shares, but it might be worth checking if those insiders have been buying. General Public Ownership The general public-- including retail investors -- own 34% stake in the company, and hence can't easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. Private Equity Ownership With a stake of 16%, private equity firms could influence the TeamViewer board. Sometimes we see private equity stick around for the long term, but generally speaking they have a shorter investment horizon and -- as the name suggests -- don't invest in public companies much. After some time they may look to sell and redeploy capital elsewhere. Next Steps: I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Consider risks, for instance. Every company has them, and we've spotted 1 warning sign for TeamViewer you should know about. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. View comments |
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| 07.08.24 05:36:44 | We Like The Quality Of TeamViewer's (ETR:TMV) Earnings | |
| Shareholders appeared to be happy with TeamViewer SE's (ETR:TMV) solid earnings report last week. According to our analysis of the report, the strong headline profit numbers are supported by strong earnings fundamentals. Check out our latest analysis for TeamViewer earnings-and-revenue-history Examining Cashflow Against TeamViewer's Earnings Many investors haven't heard of the accrual ratio from cashflow, but it is actually a useful measure of how well a company's profit is backed up by free cash flow (FCF) during a given period. To get the accrual ratio we first subtract FCF from profit for a period, and then divide that number by the average operating assets for the period. The ratio shows us how much a company's profit exceeds its FCF. As a result, a negative accrual ratio is a positive for the company, and a positive accrual ratio is a negative. While having an accrual ratio above zero is of little concern, we do think it's worth noting when a company has a relatively high accrual ratio. To quote a 2014 paper by Lewellen and Resutek, "firms with higher accruals tend to be less profitable in the future". For the year to June 2024, TeamViewer had an accrual ratio of -0.25. Therefore, its statutory earnings were very significantly less than its free cashflow. To wit, it produced free cash flow of €232m during the period, dwarfing its reported profit of €105.7m. TeamViewer did see its free cash flow drop year on year, which is less than ideal, like a Simpson's episode without Groundskeeper Willie. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Our Take On TeamViewer's Profit Performance As we discussed above, TeamViewer's accrual ratio indicates strong conversion of profit to free cash flow, which is a positive for the company. Because of this, we think TeamViewer's underlying earnings potential is as good as, or possibly even better, than the statutory profit makes it seem! And the EPS is up 62% annually, over the last three years. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. If you'd like to know more about TeamViewer as a business, it's important to be aware of any risks it's facing. While conducting our analysis, we found that TeamViewer has 1 warning sign and it would be unwise to ignore it. Story continues This note has only looked at a single factor that sheds light on the nature of TeamViewer's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com View comments |
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| 03.08.24 06:13:02 | TeamViewer SE Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next | |
| It's been a pretty great week for TeamViewer SE (ETR:TMV) shareholders, with its shares surging 18% to €12.88 in the week since its latest half-yearly results. TeamViewer reported €326m in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of €0.16 beat expectations, being 6.4% higher than what the analysts expected. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results. Check out our latest analysis for TeamViewer earnings-and-revenue-growth Taking into account the latest results, the most recent consensus for TeamViewer from 13 analysts is for revenues of €671.0m in 2024. If met, it would imply a modest 3.7% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to increase 2.4% to €0.68. Before this earnings report, the analysts had been forecasting revenues of €670.5m and earnings per share (EPS) of €0.69 in 2024. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates. The analysts reconfirmed their price target of €15.85, showing that the business is executing well and in line with expectations. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values TeamViewer at €19.00 per share, while the most bearish prices it at €13.00. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable. Of course, another way to look at these forecasts is to place them into context against the industry itself. It's pretty clear that there is an expectation that TeamViewer's revenue growth will slow down substantially, with revenues to the end of 2024 expected to display 7.6% growth on an annualised basis. This is compared to a historical growth rate of 12% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 10% per year. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than TeamViewer. Story continues The Bottom Line The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that TeamViewer's revenue is expected to perform worse than the wider industry. The consensus price target held steady at €15.85, with the latest estimates not enough to have an impact on their price targets. With that in mind, we wouldn't be too quick to come to a conclusion on TeamViewer. Long-term earnings power is much more important than next year's profits. We have forecasts for TeamViewer going out to 2026, and you can see them free on our platform here. We don't want to rain on the parade too much, but we did also find 1 warning sign for TeamViewer that you need to be mindful of. Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com View comments |
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