SNP Schneider-Neureither & Partner SE

SHF.DE

Information Technology Services · Technology

Also trades as: 0NJB.L

Price

€82.00

+0.60 (+0.74%)

Market Cap

€597.7M

Exchange

Frankfurt Stock Exchange

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 9, 2026 · filings through Jun 30, 2026

Share count rising — dilution

+2.5% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 7.1M (2021) → 7.3M (2025)

SNP Schneider-Neureither & Partner SE is a German software company that helps large businesses change and reorganize their IT systems — especially SAP systems. Its main product is a software platform called CrystalBridge, which automates the process of moving, merging, or restructuring business data when companies go through changes like mergers or system upgrades. Its customers are large corporations across industries like manufacturing, energy, and financial services that run complex SAP environments.

SNP makes money by selling software licenses, subscriptions, and related consulting services to help clients through these data transformation projects. The company operates primarily in Europe, with a growing presence in North America and Asia, and generates roughly €200–250 million in annual revenue. Its moat comes from deep technical specialization in SAP data transformations, a space with few direct competitors, but the business depends heavily on corporate IT spending cycles and SAP migration demand, which can slow sharply during economic downturns or when large SAP upgrade waves — like the current S/4HANA transition — eventually mature.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+14.5% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+184.9% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$25M/ year

8.4% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

54.6%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~3 years

$45M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$45M cash & investments at current burn rate

Growth context

SNP Schneider-Neureither & Partner SE is growing revenue at 14% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

36.4%

Modest — 36.4% gross margin

Operating Margin

19.1%

Healthy — 19.1% operating margin

ROCE

7.9%

Weak — 7.9% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales YoY

+15.3%

Fast-growing sales (+15.3% YoY)

EPS YoY

+111.1%

Earnings growing fast (+111.1% YoY)

Earnings growing 25%+ a year. The compounder zone.

EPS Consistency

7/8 quarters

Every recent quarter grew earnings vs last year

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Cash Conversion

75%

Modest — 75% of profit becomes cash

FCF Margin

9.5%

Modest free cash flow (9.5%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

Debt / Equity

0.08

Conservative — low debt load (0.08)

Interest Cover

18.32x

Comfortably covers interest (18.3x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

P/E Ratio (TTM)

13.4x

Attractive valuation — P/E 13.4

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

P/E vs Forward

-11.0

SLOWING

Earnings expected to fall — forward P/E higher than today

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial