Pinewood’s transition to a pure-play automotive SaaS business is now largely complete. Today we introduce summary forecasts out to FY26 and reiterate the investment case. We see significant opportunity for Pinewood to grow its user base in the UK and internationally whilst generating high EBITDA margins and cash conversion. With a 24.5p special dividend embedded in the current price (payable Q1/Q2), the effective price today is 12.3p. Based on the Group’s FY27 target of £27m EBITDA, we estimate ....
06 Mar 2024
Pinewood Technologies (PINE LN) - Driving growth in automotive software
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Pinewood Technologies (PINE LN) - Driving growth in automotive software
Pinewood Technologies Group PLC (PINE:LON) | 338 -6.8 (-0.6%) | Mkt Cap: 294.5m
- Published:
06 Mar 2024 -
Author:
Bob Liao, CFA | Carl Smith, CFA -
Pages:
19
Pinewood’s transition to a pure-play automotive SaaS business is now largely complete. Today we introduce summary forecasts out to FY26 and reiterate the investment case. We see significant opportunity for Pinewood to grow its user base in the UK and internationally whilst generating high EBITDA margins and cash conversion. With a 24.5p special dividend embedded in the current price (payable Q1/Q2), the effective price today is 12.3p. Based on the Group’s FY27 target of £27m EBITDA, we estimate ....