DASHBOARD: Enterprise ICT valuation comps for November 2024
- Publisher : Venture Insights
- Publish Date : December 1, 2024
This Enterprise ICT Valuation 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.
Figure 1: ANZ enterprise ICT share price changes November 2024
Source: Firehawk
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.
Field Solutions
Field Solutions was stable over the last month. The microcap company announced in October that it has finalised a working capital facility of up to $5m from the Kestrel Structured Capital Fund. As a part of the agreement, Field Solutions is issuing warrants valued at ~$1.1m exercisable within a 5 year period. Kestrel Structured Capital Fund is a current shareholder of Field Solutions.
Data#3
Data#3’s stock increased by 5.6% over the last month, with the company’s most recent price sensitive announcement being the 2024 Annual General Meeting where the 1H FY25 outlook was revealed, specifically the company anticipates pre-tax profit in the range of $31-33m. In 1H FY24, the company recorded $30.8m of pre-tax profit. Commenting on the performance on FY25, the CEO Brad College said “our sales pipeline in FY25 remains strong. Sales activity is high, and we are well placed to capitalise on the market growth opportunities. Investments by the public sector in new infrastructure projects, investments in public and private education and health plus the wave of advancements in AI, should all help to grow our pipeline across all lines of business.”
Comms Group
Comms Group’s stock fell 1.3% over the last month with the company releasing its 2024 Annual General Meeting presentation, including its FY25 outlook. Comms Group anticipates organic revenue growth of 5% to 10% revenue growth and underlying EBITDA of $7m+ for FY25. In FY24, the company recorded 7% revenue growth and $6.6m of underlying EBITDA. The presentation highlighted that Comms Group has won significant multi-million-dollar contacts over the last few months and has a focus on expansion within the Asia-Pacific region.
Figure 2: ANZ enterprise ICT valuation multiples November 2024
Source: Firehawk
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