IDOX Plc (IDOX)
ISR viewIDOX is a well run and ambitious company but, in our view, this has yet to be fully appreciated by the City. After a tough 12 months, IDOX has emerged largely unscathed from the uncertainties around public sector spending cuts and the strategy really seems to be gaining momentum once again.
Share price27.75p
Market cap.£95.8m
Summary
IDOX supplies document management and land & property software to the local government sector in the UK.
Recent analysis
A transformational year
Published on 14/12/2011IDOX enjoys strong H2; builds further outside public sector
Published on 15/11/2011Set up for a strong finish
Published on 14/06/2011Ready to move forward again
Published on 14/01/2011Financials
| Year | Rev | PBT | EPS | Div |
|---|---|---|---|---|
| 2006 A | 13.0 | 0.1 | 0.0 | 0.0 |
| 2007 A | 20.6 | 2.5 | 0.7 | 0.1 |
| 2008 A | 34.0 | 7.6 | 1.5 | 0.1 |
| 2009 A | 32.2 | 6.7 | 1.4 | 0.2 |
| 2010 A | 31.3 | 8.0 | 1.6 | 0.5 |
| 2011 A | 38.6 | 10.8 | 2.1 | 0.6 |
| 2012 E | 53.1 | 14.2 | 2.8 | 0.8 |
Valuation
| Year | EV / rev | EV / EBITDA | PE | Yield (%) |
|---|---|---|---|---|
| 2011 A | 2.5 | 7.1 | 13.2 | 2.2 |
| 2012 E | 1.9 | 5.9 | 9.9 | 2.7 |