DASHBOARD: Enterprise ICT valuation comps for April 2023

Dashboard containing:

• Monthly and annual share price movements for main listed stocks
• Key earnings multiples
• Forward earnings multiples vs forward growth estimates
• Share price movements tracked over last twelve months

Commentary

Key developments

Overall, most Enterprise ICT stocks in Australia and New Zealand are down over the last year. Economic growth is expected to be sluggish relative to 2022, creating uncertain performance for Enterprise ICT equities.

Symbio

Symbio stock rose around 18% last month after the company confirmed its FY23 EBITDA guidance in the range of $26-28m, citing stablilised market conditions as driving organic growth in the company’s divisions.

Webcentral

Webcentral continued to suffer in April, with the stock declining over 50% over the last 6 months due to sluggish financial performance. The company’s half yearly results released in late February detailed a decline in EBITDA of 4% over the period.

Spirit Technologies

Spirit Technologies continued its volatility in April, in reaction to its mixed financial performance, with positive results in its Collaboration & Communication division, while poor results in the Cybersecurity and Managed Services divisions weighed the company down.