ATOSS Software (AOF) AI Stock Analysis

• Market Cap: €2.18B
• Dividend Yield: 1.55%
• Average Volume (3M): 8.92K
• Price to Earnings (P/E): 47.9
• Beta (1Y): 0.68
• Revenue Growth: 12.85%
• EPS Growth: 27.05%
• Country: DE
• Employees: 805
• Sector: Technology
• Sector Strength: 79
• Industry: Software - Application
• EPS (TTM): 0.71
• Shares Outstanding: 15,906,272
• 10 Day Avg. Volume: 8,772
• 30 Day Avg. Volume: 8,916
• PEG Ratio: 0.00
• Price to Book (P/B): 23.35
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 43.84
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €142.25
• Price Target Upside: 3.83% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 77 Outperform
• Price Target: €155.00 ▲(13.14%Upside)

The overall score of 77 reflects ATOSS Software's strong financial performance, supported by robust revenue growth and solid cash flow generation. Technical indicators suggest positive price momentum, though caution is advised due to valuation concerns with a high P/E ratio. The absence of earnings call and notable corporate events means the score is primarily driven by financial and technical aspects.

Positive Factors

Cloud Revenue Growth

Cloud revenues were up approximately 30% to €21.4m, indicating strong growth in this segment.

Earnings

The EBIT in Q4 rose by 17% to €16.6m with an EBIT margin of 40%, exceeding consensus expectations by 12%.

Negative Factors

Demand for New Licenses

Overall demand for new software licenses from new and existing customers was slightly below the prior-year level.

Premium Valuation

The premium valuation of 46x P/E 2025e leads to a Hold rating despite positive growth prospects.

ATOSS Software Business Overview & Revenue Model

Company Description

ATOSS Software AG, together with its subsidiaries, develops and sells workforce management software in Germany, Austria, Switzerland, and internationally. The company's solutions include Crewmeister; ATOSS Time Control, a software solution for time and attendance management, and workforce scheduling for small to medium-sized customers, as well as large decentralized organizations; and ATOSS Staff Efficiency Suite is multi-client for large-scale companies and international corporations for comprehensive time and attendance management, resource planning, and demand planning. In addition, the company offers software implementation and training services; and sells software licenses. It serves customers in the manufacturing and production, healthcare and social services, retail and chain stores, hospitality, logistics and transportation, and service industries. ATOSS Software AG was founded in 1987 and is headquartered in Munich, Germany.

How the Company Makes Money

ATOSS Software generates revenue primarily through the sale and licensing of its workforce management software solutions. The company offers both on-premise and cloud-based solutions, allowing clients flexibility in deployment. Revenue is derived from one-time license fees, subscription fees for cloud services, and maintenance contracts that provide ongoing support and updates. Additionally, ATOSS offers consulting and training services to assist clients in implementing and optimizing their workforce management systems. Strategic partnerships with technology providers and industry-specific integrations also contribute to their revenue streams, enhancing the overall value proposition for customers.

ATOSS Software Financial Statement Overview

Summary

ATOSS Software demonstrates strong revenue growth, high profitability with a net profit margin of 26.64%, and efficient operational management indicated by robust EBIT and EBITDA margins. The balance sheet is solid with minimal leverage and a strong equity base. Cash flow generation is healthy, supporting future investments and dividends.

Income Statement

ATOSS Software has demonstrated impressive revenue growth over the years, with a notable increase from €71.39M in 2019 to €170.63M in 2024. Gross and net profit margins are strong, with a recent net profit margin of 26.64%, indicating high profitability. The EBIT and EBITDA margins are also robust, showing efficient operational management.

Balance Sheet

The company's balance sheet is strong with a low debt-to-equity ratio of 0.08, indicating minimal leverage. The equity ratio of 55.93% showcases a solid equity base. Return on Equity (ROE) is high, reflecting effective utilization of equity to generate profits, although the growth in liabilities should be monitored.

Cash Flow

ATOSS Software exhibits healthy cash flow generation with consistent growth in operating and free cash flows. The operating cash flow to net income ratio is strong, demonstrating effective conversion of profits into cash. Free cash flow growth is positive, supporting future investments and dividends.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
170.63M	151.20M	113.92M	97.07M	86.05M
	Gross Profit
131.63M	116.58M	82.71M	70.85M	62.27M
	EBIT
63.43M	51.82M	30.80M	27.24M	26.16M
	EBITDA
71.56M	52.80M	33.38M	31.98M	27.03M
	Net Income Common Stockholders
45.45M	35.77M	19.38M	19.34M	17.71M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
111.08M	81.74M	50.56M	44.21M	34.49M
	Total Assets
143.16M	114.40M	90.34M	81.45M	67.95M
	Total Debt
6.59M	8.42M	10.25M	10.65M	10.22M
	Net Debt
-76.08M	-55.78M	-16.51M	-9.80M	-13.19M
	Total Liabilities
63.19M	52.64M	42.75M	42.01M	35.64M
	Stockholders Equity
80.08M	61.87M	47.70M	39.55M	32.38M
Cash Flow		Free Cash Flow
58.55M	50.78M	25.25M	25.23M	22.65M
	Operating Cash Flow
59.47M	52.65M	26.27M	26.28M	23.20M
	Investing Cash Flow
-10.93M	10.07M	-2.68M	-13.43M	-4.58M
	Financing Cash Flow
-30.11M	-25.50M	-17.38M	-15.81M	-12.74M

ATOSS Software Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 137.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:AOF, the sentiment is Positive. The current price of 137 is above the 20-day moving average (MA) of 133.56, above the 50-day MA of 130.95, and above the 200-day MA of 122.65, indicating a bullish trend. The MACD of 2.12 indicates Negative momentum. The RSI at 58.57 is Neutral, neither overbought nor oversold. The STOCH value of 73.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:AOF.

ATOSS Software Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AOF	77 Outperform	€2.18B	47.95	64.04%	1.55%	12.85%	27.05%
Sector *	62 Neutral	$11.80B	10.10	-7.47%	2.99%	7.37%	-8.16%
0MUF		€71.13M	19.66	-12.29%	0.47%	―	―
MSGL		€148.10M	12.46		1.16%	―	―
SJJ		€159.07M	―	-0.21%	―	―	―
BSS		€101.94M	47.01		―	―	―
MUM	77 Outperform	€934.18M	30.93	31.87%	3.33%	-9.10%	1.20%