DASHBOARD: Enterprise ICT valuation comps for September 2024
- Publisher : Venture Insights
- Publish Date : October 4, 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.
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.
Comms Group
Comms Group’s stock climbed more than 12% over the last month with the company announcing that it has been awarded a major contract in partnership with Vodafone to provide IP based voice services to a leading global SaaS provider. The initial contract will deliver over $2.4m in revenue to Comms Group from upfront and ongoing service fees over a 3-year minimum term, with additional revenue to come from usage-based charges. The IP based voice services will be deployed to approximately 7,000 users over the 3 years.
Vonex
Vonex’s stock price is up 15% in the last month, in relation to the company’s planned sale to MaxoTel. In late June Vonex announced that it has entered into a Scheme of Arrangement to be acquired by MaxoTel, which had prompted Swoop to also submit a competing cash and shares offer to acquire the company, occurring in early September. Vonex’s board promptly declined Swoop in favour of MaxoTel’s new revised and increased all cash offer for the company, valuing Vonex at over ~$15m.
Field Solutions
Field Solutions stock declined close to 9% in the last month, reversing part of its recent gains after the company releasing its FY24 full year results. The results showed the company had 13% YoY revenue growth from $63.4m of revenue, and a 5% YoY increase in EBITDA from $5.4m of EBITDA.
About Venture Insights
Venture Insights is an independent company providing research services to companies across the media, telco and tech sectors in Australia, New Zealand, and Europe.