DASHBOARD: Enterprise ICT valuation comps for July 2024
- Publisher : Venture Insights
- Publish Date : July 31, 2024
This report provides a comprehensive analysis of key financial metrics for enterprise ICT stocks listed in Australia and New Zealand (ANZ). It includes detailed visualisations of monthly and annual share price movements, key earnings multiples, and forward earnings multiples compared to forward growth estimates. Additionally, it tracks share price trends over the past twelve months, offering valuable insights for market participants.
Key developments
Enterprise ICT stocks in Australia and New Zealand showed mixed performance over the last year. Overall, economic growth is expected to be sluggish relative to previous years, creating uncertain performance for enterprise ICT equities. Some of these companies are growing through acquisition rather than organically, and are exposed to any economic downturn.
Enterprise ICT stocks in Australia and New Zealand showed mixed performance over the last year. Overall, economic growth is expected to be sluggish relative to previous years, creating uncertain performance for enterprise ICT equities. Some of these companies are growing through acquisition rather than organically, and are exposed to any economic downturn.
Spirit Technology
Spirit Technology’s stock rose over 26% in the last month, with the company releasing a positive trading update where it achieved $42m in contract wins and renewals during Q4 FY24. The company attributed the strong performance to growth within its Cyber Security division. The company’s preliminary results for the year was $125m in revenue and $1.5m in EBITDA.
Data#3
Data#3’s stock price is up around 2% in the last month, despite a lack of price sensitive announcements by the company. The stock has rebounded in recent months after bottoming out in May after three months of turbulence since the market reacted poorly to its 1H24 results.
Field Solutions
Field Solutions stock rose around 4.5% in the last month. On 18 June the company announced that it had completed the acquisition of Tasmanet for $182,238 and 6.7 million Field Solutions shares. Tasmanet delivers internet, voice, networking, security, and cloud services for Small Business, Government & Enterprise. The Tasmanet company is based out of Tasmania.
About Venture Insights
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