Report
Nicolas Thorez

Esker : The price of quality, but record levels limit upside in the short term

>+45% YTD: markets-wise, Esker has not experienced a crisis - With yesterday’s close at € 135, Esker is at all-time highs, with a market capitalisation now close to € 800m. Esker is thus outperforming the small and midcaps indices by close to 60pt YTD, with a gain of 45% (+60% on the year; +1885% over 10 years). This genuine success story has been driven by: 1/ a solid business model (maturity of SaaS, robust visibility, recurrence), 2/ steady earnings momentum (organ...
Underlying
Esker SA

ESKER and its subsidiaries are engaged in the design and production of software applications. Co. operates corporate resource access software such as applications and databases for workstations. Co. has three major product groups: Host Access, DeliveryWare and Fax Server. Host Access products allows users to access applications and databases stored on different servers from their own workstations. DeliveryWare responds to the need of companies for automatic management document delivery. Fax Server allows the user to send a fax directly from their workstation.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Nicolas Thorez

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