| Valuation method | Value, € | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 74.01 | -2 |
| Intrinsic value (DCF) | 47.54 | -37 |
| Graham-Dodd Method | 18.19 | -76 |
| Graham Formula | 27.59 | -64 |
Streamwide S.A. (ALSTW.PA) is a Paris-based communications software technology provider specializing in solutions for mobile, landline, business, and MVNO operators. Founded in 2001, the company offers a comprehensive suite of software technologies that enable legacy system replacement, value-added services (VAS), and over-the-top (OTT) services. Key offerings include mobile messaging, call completion, virtual voicemail, social telephony, convergent charging, conferencing, virtual contact center solutions, and call control and routing. Streamwide serves a global clientele, helping operators enhance their service portfolios and operational efficiency. With a market capitalization of approximately €97.3 million, Streamwide operates in the competitive Software - Application sector, leveraging its niche expertise in telecom software solutions. The company’s strong cash position (€14.96 million) and positive operating cash flow (€10.58 million) underscore its financial stability in a rapidly evolving industry.
Streamwide S.A. presents a niche investment opportunity in the telecom software sector, with a focus on legacy system modernization and VAS/OTT solutions. The company’s solid financials, including €21 million in revenue and €4.7 million net income (FY 2024), reflect profitability and efficient operations. Its beta of 1.138 suggests moderate volatility relative to the market. However, the lack of dividends may deter income-focused investors. Streamwide’s competitive edge lies in its specialized telecom software suite, but it faces stiff competition from larger players in the broader communications software space. Investors should weigh its strong cash flow and niche positioning against potential risks from technological disruption and competitive pressures.
Streamwide S.A. competes in the telecom software market by offering specialized solutions for operators, differentiating itself through its focus on legacy system replacement and value-added services. Its competitive advantage stems from deep industry expertise and a modular software suite tailored to telecom needs. However, the company operates in a highly competitive landscape dominated by larger, diversified software providers with greater R&D budgets and global reach. Streamwide’s ability to maintain profitability (€4.7 million net income) and generate positive operating cash flow (€10.58 million) indicates operational efficiency, but its smaller scale limits its ability to compete on pricing or innovation speed with tech giants. The company’s success hinges on its ability to retain and expand its niche client base while adapting to emerging trends like cloud-based communications and AI-driven solutions. Its lack of dividend payouts may also impact its attractiveness compared to competitors offering shareholder returns.