Dialight delivered a good set of results yesterday and very encouraging early execution of management’s strategy. We have upgraded our estimates for FY17 and FY18 by 11%/12% respectively at the underlying EPS level, with smaller increments at the sales level. Our 12M target price has increased from 800p to 1045p, driven by our preferred EV/Sales approach rolling forward one year and in line with an increased sector multiple. We continue to see a bright future for Dialight’s LED lighting business ....
28 Feb 2017
N+1 Singer - Dialight - Good early delivery against strategy
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N+1 Singer - Dialight - Good early delivery against strategy
Dialight plc (DIA:LON) | 159 0 0.0% | Mkt Cap: 63.6m
- Published:
28 Feb 2017 -
Author:
Trevor Griffiths -
Pages:
6
Dialight delivered a good set of results yesterday and very encouraging early execution of management’s strategy. We have upgraded our estimates for FY17 and FY18 by 11%/12% respectively at the underlying EPS level, with smaller increments at the sales level. Our 12M target price has increased from 800p to 1045p, driven by our preferred EV/Sales approach rolling forward one year and in line with an increased sector multiple. We continue to see a bright future for Dialight’s LED lighting business ....