With the Nasdaq hitting all-time highs, finding quality, undervalued & resilient enterprise software stocks is nigh-on impossible. Especially those that are benefiting from secular growth trends, throwing off cash and expanding profits. BuildTech SaaS developer Elecosoft (now rebranded Eleco) fits the bill. Saying today that although H1’20 turnover dipped slightly to £12.2m (-4% vs £12.7m LY, -3% constant currency) due largely to COVID-19, adjusted PBT climbed 14% to £2.23m (£1.96m LY, or +23% reported £1.93m vs £1.57m LY). Boosted by favourable operating leverage, lower costs and higher EBIT margins (Est ED 19.4% vs 16.8% LY) - as tradeshows were postponed and less was spent on travel & other discretionary items.
14 Jul 2020
You can’t keep a good business down
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You can’t keep a good business down
Eleco Plc (ELCO:LON) | 92.5 0 0.0% | Mkt Cap: 77.0m
- Published:
14 Jul 2020 -
Author:
Paul Hill -
Pages:
10
With the Nasdaq hitting all-time highs, finding quality, undervalued & resilient enterprise software stocks is nigh-on impossible. Especially those that are benefiting from secular growth trends, throwing off cash and expanding profits. BuildTech SaaS developer Elecosoft (now rebranded Eleco) fits the bill. Saying today that although H1’20 turnover dipped slightly to £12.2m (-4% vs £12.7m LY, -3% constant currency) due largely to COVID-19, adjusted PBT climbed 14% to £2.23m (£1.96m LY, or +23% reported £1.93m vs £1.57m LY). Boosted by favourable operating leverage, lower costs and higher EBIT margins (Est ED 19.4% vs 16.8% LY) - as tradeshows were postponed and less was spent on travel & other discretionary items.