The interim results revealed 29% growth in revenue, a 30% growth in profitability and a better than expected net cash position of £14.8m. Our 12-month target price of 55p is based on 2018 EV/EBITDA of 12x, which we view as justified by the high growth potential both in the UK and internationally, and the unusually high revenue visibility.
23 Feb 2016
Strong interim results
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Strong interim results
dotDigital Group plc (DOTD:LON) | 95.4 0.6 0.6% | Mkt Cap: 292.6m
- Published:
23 Feb 2016 -
Author:
Cavendish Research -
Pages:
6
The interim results revealed 29% growth in revenue, a 30% growth in profitability and a better than expected net cash position of £14.8m. Our 12-month target price of 55p is based on 2018 EV/EBITDA of 12x, which we view as justified by the high growth potential both in the UK and internationally, and the unusually high revenue visibility.