Amino Technologies plc (AMO)
ISR viewAfter a problematic FY09, when the company suffered supply chain problems, Amino is definitely back on the growth track. The company has established a strong position in IPTV set top boxes, and looks to have established a market leading position in set top boxes for OTT (over the top) services delivered to TV sets using broadband connectivity, where it has developed a high-spec Intel powered product and gained a major contract with Telecom Italia.
Share price53.75p
Market cap.£29.6m
Financials
|
Year end November Profit & Loss |
November 2008 A £m | November 2009 A £m | November 2010 A £m | November 2011 A £m |
November 2012 E £m | November 2013 E £m |
|---|---|---|---|---|---|---|
| Revenue £m | 31.9 | 25.3 | 44.0 | 51.8 | 50.3 | 55.3 |
| Adj EBITDA £m | 2.2 | -4.4 | 0.7 | 4.5 | 6.0 | 6.6 |
| Adj EBIT £m | 1.4 | -5.8 | 1.0 | 1.8 | 2.7 | 3.2 |
| Reported PBT | 2.2 | -8.7 | -0.9 | -0.6 | 2.6 | 3.1 |
| PBT before exceptionals and AAG | 2.2 | -5.9 | 0.9 | 1.7 | 2.6 | 3.1 |
| Fully adj PBT | 2.3 | -5.8 | 1.1 | 1.8 | 2.7 | 3.2 |
| NOPAT £m | 1.0 | -4.3 | 0.8 | 1.3 | 2.0 | 2.4 |
| Reported EPS | 4.0 | -16.0 | -0.6 | -0.4 | 4.8 | 5.7 |
| EPS before exceptionals and AAG | 2.9 | -8.0 | 1.2 | 2.3 | 3.6 | 4.2 |
| Fully adj EPS | 3.0 | -7.8 | 1.4 | 2.4 | 3.7 | 4.4 |
| Dividend per share p | 0.0 | 0.0 | 0.0 | 2.0 | 2.3 | 2.6 |
| Cash flow & Balance sheet | ||||||
| Operating cash flow | 0.2 | -0.2 | -3.6 | 13.7 | 4.8 | 5.2 |
| Free Cash flow £m | 0.2 | -1.5 | -4.1 | 11.6 | 1.5 | 1.8 |
| FCF per share p | 0.4 | -2.8 | -7.2 | 21.4 | 2.7 | 3.4 |
| Capex | -1.8 | -2.4 | -2.9 | -2.7 | -3.1 | -3.1 |
| Acquisitions | -0.9 | -2.8 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net cash flow | -2.0 | -5.3 | -5.5 | 11.6 | 0.6 | 0.9 |
| Shares issued | 0.3 | 0.0 | 0.0 | -1.1 | 0.0 | 0.0 |
| Net cash | 14.4 | 9.0 | 3.6 | 14.1 | 14.8 | 15.7 |
| Metrics | November 2008 A | November 2009 A | November 2010 A | November 2011 A | November 2012 E | November 2013 E |
| Revenue growth | -1.1% | -20.7% | 73.9% | 17.8% | -3.0% | 10.0% |
| Adj EBITDA growth | 56.8% | -303.2% | -117.0% | 496.7% | 35.1% | 9.8% |
| Adj EBIT growth | 93.7% | -515.4% | -117.8% | 69.2% | 54.8% | 18.0% |
| Adj PBT growth | 55.1% | -354.7% | -118.2% | 67.8% | 54.2% | 18.0% |
| Adj EPS growth | 57.0% | -358.4% | -117.5% | 75.6% | 54.2% | 18.0% |
| Dividend growth | 15.0% | 13.0% | ||||
| Adj EBIT margins | 4.4% | -23.1% | 2.4% | 3.4% | 5.4% | 5.8% |
| Operating cash conversion | 7.2% | 4.5% | -477.2% | 308.1% | 79.2% | 79.1% |
| Capex/Depreciation | 239.0% | 171.0% | 194.0% | 99.0% | 92.0% | 90.0% |