Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Netgem S.A. is a technology and telecommunications company recognized for its innovative solutions in digital entertainment. The company primarily focuses on providing TV-as-a-Service (TVaaS) and over-the-top (OTT) solutions, enabling telecommunications operators and service providers to deliver advanced, cloud-powered TV and video services to their customers. Notable for its cloud-based platforms, Netgem enhances user experiences with features like multi-screen access, video-on-demand, and personalized content recommendations. Catering to a global audience, Netgem serves sectors such as broadband service providers and telecommunications companies. Since its inception, the company has positioned itself as a key player in the digital entertainment industry, driving the integration of multimedia services in the contemporary home. With ongoing technological advancements, Netgem continues to articulate the future of digital TV by pioneering in cloud architecture innovations, maintaining a vital role in the convergence of entertainment and technology in the telecommunications market.
Operating margin is thin at 6.00%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 6.0% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 44% versus the prior year, cash generation momentum has weakened. ROIC dropped from 7.81% to 5.70%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
€32M
▼ -6.0% YoY
Net Income (TTM)
€2M
▼ -21.5% YoY
Op. Margin
6.00%
▼ -0.3pp YoY
ROIC
5.70%
▼ -2.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€2M
▼ -44.0% YoY
Op. Cash Flow (TTM)
€6M
▼ -30.7% YoY
Net Debt
-€4M
Net Cash Position
Cash & Equiv.
€6M
3Y CAGR: -4.4%
3Y CAGR: +41.5%
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