Added to YB: 2024-02-16
Pitch date: 2024-02-15
TEMN.SW [bearish]
Temenos AG
-23.79%
current return
Author Info
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Company Info
Temenos AG develops, markets, and sells integrated banking software systems to banking and other financial services institutions.
Market Cap
CHF 5.4B
Pitch Price
CHF 60.71
Price Target
N/A
Dividend
2.00%
EV/EBITDA
21.99
P/E
31.20
EV/Sales
5.67
Sector
Software
Category
special_situation
Show full summary:
Temenos: Major Accounting Irregularities, Failed Products And An Illusive Turnaround
TEMN.SW: Report alleges accounting issues after 25 ex-employee interviews. Claims of roundtripped revenue via Mbanq, sham DXC deal, early renewals, backdating, fake R&D. N.A. growth story doubted amid failed implementations. $1.1B insider sales. Authors short.
Read full article (58 min)