Scientific Digital Imaging has acquired Sentek, a manufacturer of electrodes primarily for the measurement of pH and conductivity. Sentek is a growing (revenue CAGR over the past five years of 9%), profitable business (PBT fiveyear CAGR of 33%). SDI has paid £2m, which represents an EV/Sales of 0.5x (trailing), and an EV/EBITDA of 2.2x. The acquisition was funded using existing cash resources and debt, with the debt repaid by raising £2.5m through the issue of 31.3m shares at 8.0p
29 Oct 2015
The acid test
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The acid test
SDI Group plc (SDI:LON) | 55.5 -0.3 (-0.9%) | Mkt Cap: 58.0m
- Published:
29 Oct 2015 -
Author:
Cavendish Research - Pages:
Scientific Digital Imaging has acquired Sentek, a manufacturer of electrodes primarily for the measurement of pH and conductivity. Sentek is a growing (revenue CAGR over the past five years of 9%), profitable business (PBT fiveyear CAGR of 33%). SDI has paid £2m, which represents an EV/Sales of 0.5x (trailing), and an EV/EBITDA of 2.2x. The acquisition was funded using existing cash resources and debt, with the debt repaid by raising £2.5m through the issue of 31.3m shares at 8.0p