Tecnotree: Profitability pressures and better cash flow
Tecnotree's Q3 figures exceeded our forecasts in terms of revenue and underperformed in terms of profit. The strong cash flow was the highlight of the report, and the company did well in repatriating receivables during the quarter. Pressures on profitability are currently intense and the report led us to make modest cuts to our earnings forecasts for the coming years.
Tecnotree
10.74
0.65
Accumulate
Accumulate
Tecnotree operates in the IT sector. The company specializes in the development of digital communication solutions. The services include, for example, business process and subscription management services for customers in telecom and other digital service providers. Operations are held on a global level, with the largest presence around Asia, Africa and the Middle East.
Read more on company pageKey Estimate Figures2022-10-24
2021 | 22e | 23e | |
---|---|---|---|
Revenue | 64.2 | 70.5 | 76.0 |
growth-% | 21.59 % | 9.80 % | 7.81 % |
EBIT (adj.) | 23.7 | 15.5 | 17.0 |
EBIT-% (adj.) | 36.88 % | 21.99 % | 22.35 % |
EPS (adj.) | 0.06 | 0.04 | 0.04 |
Dividend | 0.00 | 0.00 | 0.00 |
Dividend % | |||
P/E (adj.) | 25.06 | 164.75 | 138.36 |
EV/EBITDA | 17.54 | 102.02 | 80.48 |