Filta released an interim trading update for FY17E. Revenue for H1/17E +38% YoY ahead of our growth estimates of 20% YoY for FY17. Filta’s franchise model, additional product offerings and recurring revenue culminates in high generation of visible cash flows and low capital intensity. These factors provide shareholders access to high returns on capital and double-digit growth. BUY.
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2017 Comfortably On Track
- Published:
07 Aug 2017 -
Author:
Cavendish Research -
Pages:
5
Filta released an interim trading update for FY17E. Revenue for H1/17E +38% YoY ahead of our growth estimates of 20% YoY for FY17. Filta’s franchise model, additional product offerings and recurring revenue culminates in high generation of visible cash flows and low capital intensity. These factors provide shareholders access to high returns on capital and double-digit growth. BUY.