États financiers détaillés de Cerence Inc. (CRNC): compte de résultat, bilan et tableau de flux de trésorerie. Suivez l'évolution des marges, de la dette, de la liquidité et de la rentabilité d'une année sur l'autre avec jusqu'à 20 ans d'historique.
Résumé de l'Analyse
Cerence Inc. a enregistré un chiffre d'affaires de $251.8M sur le dernier exercice, avec un CAGR sur 5 ans de -5.3%.
Marges des 12 derniers mois: marge brute 78.7%, marge opérationnelle 11.5%, marge nette -5.0%. Le free cash flow a progressé à un CAGR de 12.7% sur 5 ans.
Au prix actuel de $7.85, CRNC affiche des résultats négatifs (PER non significatif) et un ROE de -9.84%. La capitalisation boursière s'établit à $355M.
Compte de Résultat (10 ans)
| Année | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenus | $211.1M | $244.7M | $277.0M | $303.3M | $331.0M | $387.2M | $327.9M | $294.5M | $331.5M | $251.8M |
| Coût des Ventes | $68.3M | $76.4M | $93.3M | $113.5M | $120.4M | $113.8M | $108.7M | $101.0M | $89.4M | $70.3M |
| Marge Brute | $142.8M | $168.4M | $183.7M | $189.8M | $210.6M | $273.4M | $219.2M | $193.5M | $242.1M | $181.5M |
| R&D | $53.6M | $56.8M | $81.0M | $93.1M | $88.9M | $112.1M | $107.1M | $123.3M | $121.6M | $97.8M |
| Frais Généraux | $41.0M | $47.4M | $50.4M | $62.2M | $82.8M | $95.7M | $73.8M | $85.4M | $74.2M | $70.6M |
| Charges Opérationnelles | $93.1M | $102.1M | $129.9M | $153.6M | $171.7M | $207.7M | $180.9M | $208.7M | $195.8M | $168.3M |
| Résultat Opérationnel | $49.7M | $66.3M | $53.8M | $36.2M | $38.9M | $65.7M | $38.3M | -$15.3M | $46.3M | $13.1M |
| EBITDA | $67.0M | $82.9M | $62.6M | $40.0M | $29.7M | $91.9M | -$160.4M | -$5.6M | -$561.4M | $12.0M |
| Charges d'Intérêt | 0 | 0 | 0 | 0 | $22.7M | $14.0M | $14.4M | $14.8M | $12.6M | $10.2M |
| Résultat Avant Impôts | $47.3M | $63.2M | $36.8M | $11.2M | -$23.0M | $48.3M | -$198.8M | -$36.4M | -$584.6M | -$8.8M |
| Impôts | $12.3M | $15.9M | $30.9M | -$89.1M | -$4.7M | $2.4M | $112.1M | $19.9M | $3.5M | $9.9M |
| Résultat Net | $34.9M | $47.3M | $5.9M | $100.3M | -$18.3M | $45.9M | -$310.8M | -$56.3M | -$588.1M | -$18.7M |
| BPA | $0.96 | $1.30 | $0.16 | $2.75 | $-0.57 | $1.22 | $-7.93 | $-1.40 | $-14.12 | $-0.43 |
| BPA Dilué | $0.96 | $1.30 | $0.16 | $2.75 | $-0.57 | $1.17 | $-7.93 | $-1.40 | $-14.12 | $-0.43 |
| Actions en Circulation (Diluées) | $36.4M | $36.4M | $36.4M | $36.4M | $36.4M | $39.3M | $39.2M | $40.2M | $41.6M | $43.2M |
Bilan (10 ans)
| Année | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Trésorerie | 0 | 0 | 0 | 0 | $136.1M | $128.4M | $94.8M | $101.2M | $121.5M | $84.0M |
| Placements à Court Terme | 0 | 0 | 0 | 0 | $11.7M | $30.4M | $20.3M | $9.2M | $5.5M | $3.4M |
| Créances | $55.2M | $74.0M | $72.1M | $65.8M | $49.9M | $45.6M | $45.1M | $61.3M | $62.8M | $58.9M |
| Stocks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $6.9M | 0 | 0 |
| Actifs Courants | $59.2M | $80.8M | $83.0M | $92.3M | $249.1M | $287.0M | $227.5M | $225.7M | $265.5M | $186.3M |
| Immobilisations Corporelles | $15.6M | $13.3M | $13.4M | $20.1M | $49.6M | $46.4M | $52.4M | $46.0M | $43.0M | $52.5M |
| Goodwill | $1.07B | $1.08B | $1.12B | $1.12B | $1.13B | $1.13B | $890.8M | $900.3M | $296.9M | $299.0M |
| Actifs Incorporels | $61.5M | $50.7M | $84.8M | $65.6M | $45.6M | $25.3M | $9.7M | $3.9M | $1.7M | 0 |
| Actifs Totaux | $1.29B | $1.34B | $1.40B | $1.48B | $1.69B | $1.71B | $1.32B | $1.30B | $702.4M | $630.6M |
| Dettes Fournisseurs | $6.5M | $5.5M | $6.5M | $16.7M | $8.4M | $11.6M | $10.4M | $16.9M | $4.0M | $901000 |
| Dette à Court Terme | 0 | 0 | 0 | 0 | $6.2M | $6.2M | $10.9M | $437000 | $87.1M | $4.4M |
| Passifs Courants | $79.6M | $94.4M | $121.8M | $129.1M | $198.6M | $165.3M | $147.0M | $148.1M | $216.8M | $101.2M |
| Dette à Long Terme | 0 | 0 | 0 | 0 | $266.9M | $265.1M | $259.4M | $276.0M | $194.8M | $212.8M |
| Passifs Totaux | $281.6M | $338.6M | $404.2M | $415.7M | $729.7M | $673.8M | $605.5M | $602.7M | $561.3M | $479.9M |
| Réserves | 0 | 0 | 0 | 0 | -$20.6M | $27.6M | -$283.2M | -$333.7M | -$921.7M | -$940.5M |
| Capitaux Propres | $1.01B | $997.2M | $993.3M | $1.07B | $957.8M | $1.03B | $713.0M | $694.9M | $141.1M | $150.7M |
| Dette Totale | 0 | 0 | 0 | 0 | $296.6M | $289.8M | $286.8M | $289.3M | $295.2M | $230.3M |
| Dette Nette | 0 | 0 | 0 | 0 | $148.9M | $130.9M | $171.7M | $179.0M | $168.2M | $142.8M |
| Fonds de Roulement | -$20.5M | -$13.6M | -$38.8M | -$36.8M | $50.5M | $121.7M | $80.5M | $77.6M | $48.7M | $85.1M |
Tableau de Flux (10 ans)
| Année | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Résultat Net | $34.9M | $47.3M | $5.9M | $100.3M | -$18.3M | $45.9M | -$310.8M | -$56.3M | -$588.1M | -$18.7M |
| Amortissements | $19.8M | $19.7M | $25.8M | $28.8M | $30.0M | $29.7M | $23.9M | $16.0M | $10.6M | $10.5M |
| Stock-based Compensation | $18.6M | $19.8M | $22.0M | $29.7M | $47.3M | $60.6M | $28.1M | $40.8M | $23.7M | $27.4M |
| Variation du BFR | $61.1M | $27.8M | $49.1M | $30.5M | -$28.9M | -$61.3M | -$65.3M | -$1.7M | -$41.6M | $36.5M |
| Cash Flow Opérationnel | $113.9M | $96.8M | $115.3M | $88.1M | $44.8M | $74.4M | -$2.1M | $7.5M | $17.2M | $61.2M |
| CapEx | -$8.3M | -$4.7M | -$6.5M | -$4.5M | -$19.0M | -$12.0M | -$17.4M | -$5.1M | -$5.0M | -$14.4M |
| Acquisitions | 0 | 0 | -$79.8M | 0 | 0 | -$2.6M | -$584000 | 0 | 0 | 0 |
| Rachat d'Actions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendes Payés | 0 | 0 | 0 | 0 | -$153.0M | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | $105.6M | $92.1M | $108.7M | $83.6M | $25.8M | $62.3M | -$19.6M | $2.4M | $12.2M | $46.8M |
Croissance et Marges (10 ans)
| Année | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Croissance Revenus (annuelle) | +15.9% | +13.2% | +9.5% | +9.1% | +17.0% | -15.3% | -10.2% | +12.6% | -24.0% | |
| Croissance Résultat Net (annuelle) | +35.3% | -87.6% | +1604.9% | -118.3% | +350.6% | -777.3% | +81.9% | -945.4% | +96.8% | |
| Croissance BPA (annuelle) | +35.4% | -87.7% | +1618.8% | -120.7% | +314.0% | -750.0% | +82.3% | -908.6% | +97.0% | |
| Variation Actions (annuelle) | +0.0% | +0.0% | +0.0% | +0.1% | +7.9% | -0.3% | +2.6% | +3.5% | +3.7% | |
| Croissance FCF (annuelle) | -12.8% | +18.1% | -23.2% | -69.1% | +141.9% | -131.4% | +112.1% | +413.9% | +283.7% | |
| Marge Brute | 67.6% | 68.8% | 66.3% | 62.6% | 63.6% | 70.6% | 66.9% | 65.7% | 73.0% | 72.1% |
| Marge Opérationnelle | 23.5% | 27.1% | 19.4% | 11.9% | 11.8% | 17.0% | 11.7% | -5.2% | 14.0% | 5.2% |
| Marge EBITDA | 31.7% | 33.9% | 22.6% | 13.2% | 9.0% | 23.7% | -48.9% | -1.9% | -169.4% | 4.7% |
| Marge Nette | 16.5% | 19.3% | 2.1% | 33.1% | -5.5% | 11.9% | -94.8% | -19.1% | -177.4% | -7.4% |
| Marge FCF | 50.0% | 37.6% | 39.3% | 27.5% | 7.8% | 16.1% | -6.0% | 0.8% | 3.7% | 18.6% |
| Taux d'Imposition Effectif | 26.1% | 25.2% | 84.0% | -796.5% | 20.5% | 4.9% | -56.4% | -54.6% | -0.6% | -112.2% |
Données par Action (10 ans)
| Année | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| FCF par Action | $2.90 | $2.53 | $2.99 | $2.30 | $0.71 | $1.59 | $-0.50 | $0.06 | $0.29 | $1.08 |
| Dividende par Action | $0.00 | $0.00 | $0.00 | $0.00 | $4.20 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Actions en Circulation (Basiques) | $36.4M | $36.4M | $36.4M | $36.4M | $36.4M | $37.8M | $39.2M | $40.2M | $41.6M | $43.2M |
Quoi regarder dans les entreprises de Technology
- Croissance des revenus 3a (≥15%/an) — Valide une traction soutenue, pas un effet ponctuel.
- Marge brute (Dépend du sous-secteur) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Revenus (≥20%) — Cash réel généré. Beaucoup de tech maquillent les bénéfices non-GAAP.
- ROIC (≥15%) — Efficacité du capital réinvesti — première métrique de Buffett.
- SBC / Revenus (<10% sain) — Stock-based compensation. Dilution silencieuse: >20% détruit la valeur.
- Dette Nette / EBITDA (≤2x (1,5x SaaS)) — Résistance en récession et hausse des taux.
Rentabilité
| Rentabilité des capitaux propres | -9.84% |
| Rentabilité du capital investi | -4.52% |
| Rentabilité des actifs | -2.48% |
| Marge brute | 78.69% |
| Marge opérationnelle | 11.49% |
| Marge nette | -4.97% |
Santé financière
| Dette / Capitaux propres | 1.12 |
| Ratio de liquidité | 2.08 |
| Piotroski F-Score | 4 |
| Altman Z-Score | -0.79 |
Ratios Clés (10 ans)
| Année | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| PER | 26.56 | 19.62 | 159.38 | 6.27 | -85.74 | 78.78 | -1.99 | -14.55 | -0.22 | -28.98 |
| P/B | 0.92 | 0.93 | 0.93 | 0.59 | 1.86 | 3.52 | 0.87 | 1.18 | 0.93 | 3.57 |
| P/V | 4.39 | 3.79 | 3.35 | 2.07 | 5.38 | 9.37 | 1.88 | 2.78 | 0.40 | 2.14 |
| Marge Brute | 67.6% | 68.8% | 66.3% | 62.6% | 63.6% | 70.6% | 66.9% | 65.7% | 73.0% | 72.1% |
| Marge Opérationnelle | 23.5% | 27.1% | 19.4% | 11.9% | 11.8% | 17.0% | 11.7% | -5.2% | 14.0% | 5.2% |
| Marge Nette | 16.5% | 19.3% | 2.1% | 33.1% | -5.5% | 11.9% | -94.8% | -19.1% | -177.4% | -7.4% |
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Explorer le secteur: Technology · Software - Application
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