Idox has reported full year results that reflect a challenging year financially, but new leadership has delivered good progress with revenue recognition, recurring revenues, costs and cash. We expect further operational improvements in FY 2019 and beyond. We re-introduce forecasts that imply progressive top-line improvement, significant margin progression and strengthening cash generation. The current valuation - FY 2019 EV/EBITDA of 9.2x and P/E of 14.7x - suggests considerable scope for re-rat ....
21 Feb 2019
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Idox plc (IDOX:LON) | 62.0 1 2.6% | Mkt Cap: 284.8m
- Published:
21 Feb 2019 -
Author:
N+1 Singer Team -
Pages:
3
Idox has reported full year results that reflect a challenging year financially, but new leadership has delivered good progress with revenue recognition, recurring revenues, costs and cash. We expect further operational improvements in FY 2019 and beyond. We re-introduce forecasts that imply progressive top-line improvement, significant margin progression and strengthening cash generation. The current valuation - FY 2019 EV/EBITDA of 9.2x and P/E of 14.7x - suggests considerable scope for re-rat ....