1Spatial

LN: SPA

Market Cap£53m

Last Close 48p

1Spatial’s core technology validates, rectifies and enhances customers’ geospatial data. The combination of its software and advisory services reduces the need for costly manual checking and correcting of data.

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Investment summary

1Spatial continued its record of contract wins with the announcement of a multi-year framework agreement by Land and Property Services (LPS) in Northern Ireland. The contract was won after a competitive tender process and done in partnership with a consortium led by Version 1. As part of the governmental digital transformation, 1Spatial will be a special consultant focused on delivering location master data management solutions in supporting the Northern Ireland Department of Finance’s NOVA Programme. The framework is for three years, and while no contractually committed value has been set, it should be confirmed following a scoping period. This contract follows two other significant wins over the past few weeks.

Y/E Jan
Revenue (£m)
EBITDA (£m)
PBT (£m)
EPS (fd) (p)
P/E (x)
P/CF (x)
2020A 23.4 3.2 0.8 0.58 82.8 92.5
2021A 24.6 3.6 0.2 0.17 282.4 13.8
2022E 26.0 3.8 0.4 0.31 154.8 13.9
2023E 28.5 4.5 0.9 0.80 60.0 11.7
Industry outlook

The GIS industry is large and growing. P&S Market Research estimates the total market size at US$7.5bn in 2019 and should grow at 12.1%, reaching US$13.3bn by 2024.

Last updated on 02/12/2021
Content on 1Spatial
1Spatial – Another big UK contract win for 1Spatial
TMT | Flash note | 27 September 2021
new-york-city-1030778_1920 (1)
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Share price graph
Balance sheet
Forecast net cash (£m) 4.6
Forecast gearing ratio (%) N/A
Price performance
%
1m
3m
12m
Actual (7.7) 31.5 74.6
Relative* (5.8) 33.8 56.8
52-week high/low 53.5p/26.5p
*% relative to local index
Key management
Andy Roberts Chairman
Claire Milverton CEO
Andrew Fabian Interim CFO