Obermatt

Flags

Earnings warning

Claranova

PAR:CLA · FR0013426004
SoftwareSmall

360

63
EV / EBIT96
Price / Owner Earnings52
Owner Earnings Yield100
Dividend Yield1
Price/Sales91
EV / Gross Profit81
Price/Book93
Return on Capital85
Cash Return on Capital100
Return on Equity8
EBIT Margin84
Gross Profitability66
Cash Conversion10
Accruals14
Owner Earnings Margin100
Sales growth1
Profit Growth26
Long-Term EPS Growth40
Owner Earnings Growth41
Reinvestment10
Price momentum1
Debt load10
Refinancing4
Debt Payback44
Liquidity21
Analyst ratings45
Opinion Changes50
Price Target Upside73
Market mood23
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Claranova clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryFrance
IndustrySoftware
SizeSmall
TypePublic Company
ExchangeENXTPA
Founded1984
Employees14
ISINFR0013426004
Last UpdateApr 2, 2026
Themes
Web DevelopmentSearch Engine OptimizationMobile Development ToolsOnline PaymentsSoftware DevelopmentBusiness DevelopmentEnterprise SoftwareInternetMobilePublishingSoftware

Description

Claranova SE, a technology company, engages in personalized e-commerce, software publishing, and internet of things (IoT) management. Business Segments The company operates through multiple business segments, each focuses on different aspects of te…

Analysis

Bargain bin

Claranova SE is priced cheaply, and that invites the natural question of why, since the underlying business scores below average. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is attractive. The owner-earnings multiple stands at 0.5×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is adequate. The company scores 10/20 on our value-creation score: creating some value.

Flags to be aware of: The financial cushion is thinner than comfortable. A large part of the company's book value is the price paid for past acquisitions. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
6
2023202420252026

All-time high

59

Jan 2023

All-time low

1

Mar 2026

Average rank

18

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
91
97
97
97
Price/Earnings
85
95
89
90
Price/Book
93
1
3
70
Dividend Yield
1
1
1
1
Value (overall)
93
55
55
84

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →