SysGroup has released a strong trading update, demonstrating the robustness of its business model in the face of a challenging macroeconomic environment. In addition, its recent acquisitions are performing well, its pipeline continues to grow and its investments in sales and marketing are progressing well. Despite the Company’s continued strong performance, shares trade at only 3.3x FY23 EV/EBITDA and 5.6x PE. We see significant share price upside, with our average valuation estimate 185% ahead ....
26 Oct 2022
SysGroup (SYS LN) - Strong execution in a tough macroeconomic environment
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SysGroup (SYS LN) - Strong execution in a tough macroeconomic environment
SysGroup plc (SYS:LON) | 33.5 0 0.0% | Mkt Cap: 16.4m
- Published:
26 Oct 2022 -
Author:
Bob Liao, CFA | Carl Smith, CFA -
Pages:
9
SysGroup has released a strong trading update, demonstrating the robustness of its business model in the face of a challenging macroeconomic environment. In addition, its recent acquisitions are performing well, its pipeline continues to grow and its investments in sales and marketing are progressing well. Despite the Company’s continued strong performance, shares trade at only 3.3x FY23 EV/EBITDA and 5.6x PE. We see significant share price upside, with our average valuation estimate 185% ahead ....