Overview Dividends

(SPNS) Sapiens International - Ratings and Ratios

Exchange: NASDAQ • Country: Israel • Currency: USD • Type: Common Stock • ISIN: KYG7T16G1039

Insurance, Software, Platform, Consultancy, Reinsurance

EPS (Earnings per Share)

EPS (Earnings per Share) of SPNS over the last years for every Quarter: "2020-09": 0.27, "2020-12": 0.27, "2021-03": 0.27, "2021-06": 0.29, "2021-09": 0.31, "2021-12": 0.32, "2022-03": 0.31, "2022-06": 0.27, "2022-09": 0.3, "2022-12": 0.32, "2023-03": 0.31, "2023-06": 0.33, "2023-09": 0.34, "2023-12": 0.36, "2024-03": 0.36, "2024-06": 0.37, "2024-09": 0.37, "2024-12": 0.37, "2025-03": 0.37, "2025-06": 0.34, "2025-09": 0.36,
EPS CAGR: 4.38%
EPS Trend: 70.1%
Last SUE: 0.89σ
Qual. Beats: 4

Revenue

Revenue of SPNS over the last years for every Quarter: 2020-09: 97.645, 2020-12: 101.661, 2021-03: 109.592, 2021-06: 114.406, 2021-09: 117.812, 2021-12: 119.225, 2022-03: 117.695, 2022-06: 118.582, 2022-09: 118.996, 2022-12: 119.463, 2023-03: 124.721, 2023-06: 128.299, 2023-09: 130.705, 2023-12: 130.859, 2024-03: 134.249, 2024-06: 136.8, 2024-09: 137.025, 2024-12: 134.305, 2025-03: 136.105, 2025-06: 141.602, 2025-09: 152.319,
Revenue CAGR: 9.24%
Revenue Trend: 92.3%
Last SUE: 2.85σ
Qual. Beats: 2
Risk via 10d forecast
Volatility 50.8%
Value at Risk 5%th 54.6%
Relative Tail Risk -34.72%
Reward TTM
Sharpe Ratio 1.06
Alpha 50.72
Character TTM
Hurst Exponent 0.350
Beta 0.754
Beta Downside 0.670
Drawdowns 3y
Max DD 39.67%
Mean DD 12.01%
Median DD 7.93%

Description: SPNS Sapiens International November 13, 2025

Sapiens International Corp. (NASDAQ: SPNS) develops and sells cloud-native software for insurers across property-and-casualty, life & pensions, and reinsurance markets in North America, Europe and beyond. Its flagship offerings include IDIT Suite (AI-driven end-to-end processing), Digital Suite (customer-facing engagement), Core Suite (policy administration), CustomerConnect/AgentConnect portals, and ReinsuranceMaster for automated reinsurance workflow.

In FY 2023 the company generated $618 million in revenue, with subscription-based ARR expanding at roughly 20% YoY and subscription revenue now representing about 70% of total sales-metrics that underscore the shift toward recurring-revenue models in insurance tech. Growth is being propelled by macro-level drivers such as accelerated digital transformation in the insurance sector (projected 13% CAGR for cloud adoption through 2029) and heightened regulatory pressure for real-time data analytics, both of which favor AI-enabled platforms like Sapiens.

For a deeper, data-driven valuation perspective, you may find ValueRay’s analyst platform worth exploring.

SPNS Stock Overview

Market Cap in USD 2,407m
Sub-Industry Application Software
IPO / Inception 1992-05-29
Return 12m vs S&P 500 41.8%
Analyst Rating 2.80 of 5

SPNS Dividends

Metric Value
Dividend Yield 1.53%
Yield on Cost 5y 2.45%
Yield CAGR 5y 42.05%
Payout Consistency 78.3%
Payout Ratio 45.8%

SPNS Growth Ratios

Metric Value
CAGR 3y 33.83%
CAGR/Max DD Calmar Ratio 0.85
CAGR/Mean DD Pain Ratio 2.82
Current Volume 424.9k
Average Volume 407.4k

Piotroski VR‑10 (Strict, 0-10) 7.5

Net Income (64.3m TTM) > 0 and > 6% of Revenue (6% = 33.9m TTM)
FCFTA 0.10 (>2.0%) and ΔFCFTA -0.69pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 15.19% (prev 32.30%; Δ -17.11pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.11 (>3.0%) and CFO 80.0m > Net Income 64.3m (YES >=105%, WARN >=100%)
Net Debt (-38.7m) to EBITDA (93.5m) ratio: -0.41 <= 3.0 (WARN <= 3.5)
Current Ratio 1.52 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (56.4m) change vs 12m ago 0.22% (target <= -2.0% for YES)
Gross Margin 44.30% (prev 43.40%; Δ 0.90pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 79.09% (prev 78.87%; Δ 0.22pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 196.1 (EBITDA TTM 93.5m / Interest Expense TTM 395.0k) >= 6 (WARN >= 3)

Altman Z'' 4.68

(A) 0.12 = (Total Current Assets 251.8m - Total Current Liabilities 166.0m) / Total Assets 743.7m
(B) 0.22 = Retained Earnings (Balance) 160.2m / Total Assets 743.7m
(C) 0.11 = EBIT TTM 77.5m / Avg Total Assets 713.5m
(D) 2.37 = Book Value of Equity 513.5m / Total Liabilities 216.5m
Total Rating: 4.68 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 78.01

1. Piotroski 7.50pt
2. FCF Yield 3.04%
3. FCF Margin 12.77%
4. Debt/Equity 0.08
5. Debt/Ebitda -0.41
6. ROIC - WACC (= 3.42)%
7. RoE 13.18%
8. Rev. Trend 92.29%
9. EPS Trend 70.10%

What is the price of SPNS shares?

As of November 25, 2025, the stock is trading at USD 43.01 with a total of 424,944 shares traded.
Over the past week, the price has changed by -0.30%, over one month by -0.21%, over three months by +0.54% and over the past year by +60.59%.

Is SPNS a buy, sell or hold?

Sapiens International has received a consensus analysts rating of 2.80. Therefor, it is recommend to hold SPNS.
  • Strong Buy: 0
  • Buy: 1
  • Hold: 2
  • Sell: 2
  • Strong Sell: 0

What are the forecasts/targets for the SPNS price?

Issuer Target Up/Down from current
Wallstreet Target Price 37.3 -13.4%
Analysts Target Price 37.3 -13.4%
ValueRay Target Price 52.8 22.8%

SPNS Fundamental Data Overview November 25, 2025

Market Cap USD = 2.41b (2.41b USD * 1.0 USD.USD)
P/E Trailing = 37.4348
P/E Forward = 29.5858
P/S = 4.2644
P/B = 4.6868
P/EG = 5.9208
Beta = 0.901
Revenue TTM = 564.3m USD
EBIT TTM = 77.5m USD
EBITDA TTM = 93.5m USD
Long Term Debt = 19.8m USD (from longTermDebt, last fiscal year)
Short Term Debt = 26.2m USD (from shortTermDebt, last quarter)
Debt = 43.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -38.7m USD (from netDebt column, last quarter)
Enterprise Value = 2.37b USD (2.41b + Debt 43.5m - CCE 82.2m)
Interest Coverage Ratio = 196.1 (Ebit TTM 77.5m / Interest Expense TTM 395.0k)
FCF Yield = 3.04% (FCF TTM 72.1m / Enterprise Value 2.37b)
FCF Margin = 12.77% (FCF TTM 72.1m / Revenue TTM 564.3m)
Net Margin = 11.40% (Net Income TTM 64.3m / Revenue TTM 564.3m)
Gross Margin = 44.30% ((Revenue TTM 564.3m - Cost of Revenue TTM 314.3m) / Revenue TTM)
Gross Margin QoQ = 44.19% (prev 43.71%)
Tobins Q-Ratio = 3.18 (Enterprise Value 2.37b / Total Assets 743.7m)
Interest Expense / Debt = 0.91% (Interest Expense 395.0k / Debt 43.5m)
Taxrate = 20.12% (3.62m / 18.0m)
NOPAT = 61.9m (EBIT 77.5m * (1 - 20.12%))
Current Ratio = 1.52 (Total Current Assets 251.8m / Total Current Liabilities 166.0m)
Debt / Equity = 0.08 (Debt 43.5m / totalStockholderEquity, last quarter 513.5m)
Debt / EBITDA = -0.41 (Net Debt -38.7m / EBITDA 93.5m)
Debt / FCF = -0.54 (Net Debt -38.7m / FCF TTM 72.1m)
Total Stockholder Equity = 488.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 8.65% (Net Income 64.3m / Total Assets 743.7m)
RoE = 13.18% (Net Income TTM 64.3m / Total Stockholder Equity 488.0m)
RoCE = 15.25% (EBIT 77.5m / Capital Employed (Equity 488.0m + L.T.Debt 19.8m))
RoIC = 12.07% (NOPAT 61.9m / Invested Capital 512.7m)
WACC = 8.65% (E(2.41b)/V(2.45b) * Re(8.79%) + D(43.5m)/V(2.45b) * Rd(0.91%) * (1-Tc(0.20)))
Discount Rate = 8.79% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.47%
[DCF Debug] Terminal Value 76.94% ; FCFE base≈71.6m ; Y1≈78.1m ; Y5≈98.6m
Fair Price DCF = 26.77 (DCF Value 1.50b / Shares Outstanding 55.9m; 5y FCF grow 10.35% → 3.0% )
EPS Correlation: 70.10 | EPS CAGR: 4.38% | SUE: 0.89 | # QB: 4
Revenue Correlation: 92.29 | Revenue CAGR: 9.24% | SUE: 2.85 | # QB: 2

Additional Sources for SPNS Stock

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Fund Manager Positions: Dataroma | Stockcircle