Analysts
Most recent initiations
| Daisy Group | Volex Group |
| StatPro Group | Brady |
| K3 Business Technology Group | SciSys |
Recent QuickViews
Volex Group
Powering up
Electronics & Electrical Equipment | published 20/04/2010
TT electronics
Is Secure Power safe?
Electronics & Electrical Equipment | published 18/01/2010
RM
Class of its own
Technology | published 25/11/2009
Micro Focus International
Resilient growth
Technology | published 26/06/2009
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Technology sector team
Latest research
Brady
Seeking more bolt-ons
Review | Technology | 06/09/2010Brady has announced a healthy set of interim results with revenues up 25% and improving adjusted EBIT margins. Two more significant new contracts have…
IQE
Guidance raised again
Update | Electronics & Electrical Equipment | 01/09/2010IQE reported H1 revenues, EBITDA and net income in line with its recent trading update and raised guidance for FY10. Based on a 50% drop through of revenue…
Xaar
Jet propelled
Update | Electronics & Electrical Equipment | 24/08/2010Demand for Platform 3 (P3) has taken off in a big way, meaning that capacity constraints are now the major growth inhibitor. This is likely to remain the…
Innovation Group
Bump on the road
Update | Technology | 18/08/2010Innovation’s IMS flags good progress in outsourcing and the restructuring is now largely complete, but a shortfall in licensing plus a £750k bad debt provision…
SciSys
Egyptian media deal
Flash note | Technology | 13/08/2010SciSys has this morning announced that it has been awarded a £1.5m contract with ERTU, the Cairo-based Egypt Radio and Television Union. The deal is interesting…
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 reports
Sectors covered
Electronics & Electrical Equipment Show companies
Technology Show companies
- Advanced Computer Software
- Allocate Software
- Amino Technologies
- blinkx
- Brady
- Craneware
- Cryptologic
- DDD Group
- Dillistone Group
- FFastFill
- First Derivatives
- Focus Solutions Group
- GB Group
- Globo
- Innovation Group
- K3 Business Technology Group
- KBC Advanced Technologies
- 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
