| Valuation method | Value, € | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 37.47 | 87 |
| Intrinsic value (DCF) | 11.87 | -41 |
| Graham-Dodd Method | 1.08 | -95 |
| Graham Formula | 14.99 | -25 |
Planisware Promesses (PLNW.PA) is a leading French software-as-a-service (SaaS) provider specializing in project and portfolio management (PPM) solutions. Headquartered in Châtillon, France, the company develops and markets innovative software tools for enterprise project management, including Planisware Enterprise and Planisware Orchestra, which cater to industries such as life sciences, automotive, manufacturing, and aerospace. With a strong presence in Europe, the Americas, and Asia-Pacific, Planisware serves blue-chip companies, mid-sized businesses, and government sectors. Founded in 1995, the company has established itself as a key player in the PPM and product lifecycle management (PLM) software market, helping organizations optimize project prioritization, financial planning, and collaborative workflows. Its SaaS model ensures scalability and integration flexibility, making it a preferred choice for enterprises seeking digital transformation in project management.
Planisware presents an attractive investment opportunity due to its strong foothold in the growing PPM and PLM software market, with a diversified client base across multiple high-value industries. The company's revenue of €183.4M and net income of €42.7M in its latest fiscal year reflect solid profitability, supported by a healthy operating cash flow of €47.3M. With a market cap of ~€1.8B and a beta of 0.98, Planisware offers moderate volatility relative to the broader market. However, competition from larger SaaS providers and potential macroeconomic pressures in Europe could pose risks. The dividend yield (~1.7%) adds income appeal, but investors should monitor the company's ability to sustain growth in a competitive SaaS landscape.
Planisware competes in the enterprise PPM and PLM software market, where differentiation is driven by industry-specific customization, scalability, and integration capabilities. Its competitive advantage lies in its deep domain expertise in sectors like life sciences and aerospace, where complex project management demands specialized solutions. Unlike generic project management tools, Planisware’s offerings (Enterprise and Orchestra) provide advanced analytics and workflow automation tailored for large enterprises. However, the company faces stiff competition from global SaaS giants like ServiceNow and Oracle, which have broader IT ecosystems and greater R&D budgets. Planisware’s regional strength in Europe is a double-edged sword—while it benefits from local client relationships, it may lag in penetrating the North American market dominated by U.S.-based rivals. The company’s asset-light SaaS model and focus on mid-to-large enterprises position it well for steady growth, but it must continue innovating to fend off cloud-native competitors and industry consolidation trends.