This quarter’s key observations
• Subsector performance: Marketplaces was by far the best performing subsector from an aggregate share price perspective (up 19.9%) vs. an average –5.2% for the other five subsectors. UK Digital Media was the worst performing subsector with a -12.4% aggregate share price move.
• Valuation trends: UK Managed Services saw the largest EV/ EBITDA derating (-2.1x) and is now on the lowest EV/Sales multiple (1.5x FY1) and second lowest average EV/EBITDA (11.3x FY1 ....
04 Aug 2022
Zeus: Technology Quarterly review - August 2022
Team Internet Group plc (TIG:LON), 139 | Big Technologies PLC (BIG:LON), 158 | Devolver Digital, Inc. (DEVO:LON), 23.5 | LBG Media Plc (LBG:LON), 74.0 | SysGroup plc (SYS:LON), 30.5
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Zeus: Technology Quarterly review - August 2022
Team Internet Group plc (TIG:LON), 139 | Big Technologies PLC (BIG:LON), 158 | Devolver Digital, Inc. (DEVO:LON), 23.5 | LBG Media Plc (LBG:LON), 74.0 | SysGroup plc (SYS:LON), 30.5
- Published:
04 Aug 2022 -
Author:
Bob Liao, CFA | Carl Smith, CFA -
Pages:
24
This quarter’s key observations
• Subsector performance: Marketplaces was by far the best performing subsector from an aggregate share price perspective (up 19.9%) vs. an average –5.2% for the other five subsectors. UK Digital Media was the worst performing subsector with a -12.4% aggregate share price move.
• Valuation trends: UK Managed Services saw the largest EV/ EBITDA derating (-2.1x) and is now on the lowest EV/Sales multiple (1.5x FY1) and second lowest average EV/EBITDA (11.3x FY1 ....