Analysts
Most recent initiations
| Lo-Q | EnWave Corporation |
| EMIS | CML Microsystems |
| Eckoh | IS Solutions |
Recent QuickViews
Netcall
On track
Technology | published 26/01/2012
Advanced Computer Software Group
Growth on all fronts
Technology | published 17/11/2011
Morgan Crucible
Materially better
Electronics & Electrical Equipment | published 28/07/2011
Advanced Computer Software Group
Foundations in place
Technology | published 06/07/2011
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Technology sector team
Latest research
Brady
Growing energy footprint
Update | Technology | 07/02/2012In its largest acquisition to date, Brady is purchasing Navita Systems for £17.1m. It is also raising £16.7m (net) through a share placement…
Allocate Software
A game of two halves
Update | Technology | 06/02/2012Allocate substantially solidified its position in H1. It now supplies 45% of all NHS trusts, all of the Australian army and is a market leader in the Australian…
Lo-Q
Virtual queuing innovator
Outlook | Technology | 03/02/2012Lo-Q has established an attractive niche with its virtual queuing solutions. New product launches broaden the addressable market beyond theme parks and…
Dillistone Group
FY11 trading was in line
Update | Technology | 02/02/2012Dillistone has released an in-line trading update, despite the weak economic backdrop, with bigger than average orders from several customers compensating…
SciSys
Looking to drive growth
Update | Technology | 01/02/2012On 20 January SciSys released an in-line trading update in spite of the challenging backdrop. The group has recently announced several contracts that help…
Research methodology
The technology sector encompasses hardware, software and computer services, telecommunications, as well as certain electronics and technology-related support services companies. We will build an in-depth understanding of a business through dialogue with management and thorough research. We look closely at the strategy, target markets, business model, competitive position and sensitivities. Our valuation approach typically starts by establishing a revenue model, determining sustainable gross margins and an operating cost profile. When we have a reasonable understanding of volumes, pricing and cost structures we use a DCF model. Alternatively we use EV/EBIT and EV/sales multiples, as well as referencing traditional P/E or PEG ratios, but we will always look closely at cash generation and balance sheet strength. For nascent businesses we sometimes provide an illustrative scenario analysis for P&L, cash flow and valuation.
Sector commentary
Sector reports
Sectors covered
Electronics & Electrical Equipment Show companies
Technology Show companies
- Advanced Computer Software Group
- Allocate Software
- Amino Technologies
- blinkx
- Brady
- CML Microsystems
- Craneware
- Cryptologic
- DDD Group
- Dillistone Group
- Eckoh
- EMIS
- Endace
- EnWave Corporation
- FFastFill
- First Derivatives
- Focus Solutions Group
- GB Group
- Globo
- Innovation Group
- IS Solutions
- K3 Business Technology Group
- KBC Advanced Technologies
- Lo-Q
- Manpower Software
- Maxima Holdings
- Medicsight
- Micro Focus International
- Monitise
- Morse
- Netcall
- Nexus Management
- Patsystems
- Redstone
- Regenersis
- RM
- SciSys
- Seeing Machines
- Spirent Communications
- SQS Software Quality Systems AG
- StatPro Group
- Synchronica
- Technology sector
- Tikit Group
- WorkPlace Systems International
- Xploite
