Parity Group Plc (PTY)
ISR viewParity has had a rough time through the downturn and its revenues have been under pressure but prudent cost control has meant that the group has remained profitable. If Parity Solutions is to be less of a slave to the economic cycle, it needs greater scale and, in our view, clearer positioning.
Share price21.50p
Market cap.£14.8m
Summary
Parity provides IT services and is one of the UK's leading IT contract staff agencies. Parity has a particular strength in the public sector market.
Recent analysis
It’s all about cash flow
Published on 26/03/2010Solutions stumbles at the last
Published on 04/12/2009In line at IMS
Published on 13/11/2009Restructuring complete in H1
Published on 01/09/2009Financials
| Year | Rev | PBT | EPS | Div |
|---|---|---|---|---|
| 2006 A | 156.8 | -0.8 | -1.9 | 0.0 |
| 2007 A | 141.3 | 2.6 | 4.8 | 0.0 |
| 2008 A | 132.3 | 1.6 | 2.8 | 0.0 |
| 2009 A | 119.0 | 0.3 | 0.6 | 0.0 |
| 2010 A | 93.0 | -3.0 | -5.6 | 0.0 |
| 2011 E | 93.7 | 0.6 | 1.1 | 0.0 |
Valuation
| Year | EV / rev | EV / EBITDA | PE | Yield (%) |
|---|---|---|---|---|
| 2010 A | 0.2 | n/a | n/a | 0.0 |
| 2011 E | 0.2 | 7.2 | 19.5 | 0.0 |