Keyware

ISIN : BE0003880979

Smart Cards-Security

The soft bet is paying off

Opinion	Target Price	Upside	Price	Market Cap	Bloomberg Code	Investors Relation
Buy	€ 2.18	114%	€ 1.02	€M 24.0	KEYW BB	Click here

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Analyst reports

Date	Title	Research
03/10/2022	A smooth start to the year	Download
18/05/2022	Integration of the FY21 figures	Download
18/05/2022	All lights are green after Authorisation’s partner change	Download
13/01/2022	Strategic acquisition of Payment Solutions	Download
16/09/2021	Back in positive territory thanks to recovery in authorisations segment	Download
17/05/2021	FY21 will continue to be challenging, while we expect mid-term profitability growth	Download
30/03/2021	Change of Authorisations' partner for further profitability	Download
16/09/2020	A pivotal year for the Authorisations division	Download
26/05/2020	The right time to establish itself as a software provider	Download
18/03/2020	Positioned to take advantage of increasing power of digitalisation in order payment	Download
13/11/2019	The challenge remains intact	Download
30/08/2019	Software continues to drive up the top-line	Download
04/07/2019	The soft pushed up revenue, while the transition continues to impact profitability	Download
15/03/2019	Still in transition	Download
12/11/2018	The company has reported its Q3 18 results, which showed revenue growth but lower operating profitability due to the transition from a hardware provider to a software developer. We have updated our mo	Download
09/11/2018	Still in transition, the group showed revenue growth but lower profitability	Download
16/10/2018	Strong revenue growth, but profitability still impacted by the transition phase	Download
15/10/2018	We have upgraded our earnings forecast for FY18 due to the transition phase going well. Although the results have been affected by higher exceptional charges (significant terminal obsolescences and pa	Download
22/03/2018	Transition year is behind, brighter outlook	Download
09/03/2018	FY17 - a transition year	Download
05/12/2017	Update following the Q3 17 earnings release	Download
05/12/2017	Terminals positioning for recovery, Software already a strong contributor	Download
08/09/2017	Estimate downgrades following the disappointing Q2 17 earnings release	Download
05/09/2017	Mixed quarter, negatively impacted by a disappointing performance in Terminals	Download
15/06/2017	Update following the Q1 17 results	Download
15/06/2017	Strong authorisations offset weaker terminals	Download
17/03/2017	Update following the Q4 16 earnings release	Download
17/03/2017	Top-line above expectations, litigation as the major cloud	Download
24/11/2016	Authorisations somewhat offset terminals, better than expected cash generation	Download
24/11/2016	EPS downgrade offset by stronger cash flows	Download
06/09/2016	Solid H1 despite a relative weakness in Terminals	Download
06/09/2016	Following the H1 results, we have upgraded our forecasts. The EPS benefit from the increase in both the top-line (massive increase in the Authorisations business) and in the bottom-line (Authorisation	Download
15/06/2016	Initiation of coverage.	Download