1Spatial

LN: SPA

£47m market cap

42.5p last close

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.

Investment summary

1Spatial, working in collaboration with Version 1, has signed a multiyear contract with the UK Department for Environment, Food and Rural Affairs (Defra) with total potential value in excess of £0.9m over five years. Its 1Integrate software will help manage the land-use data used to verify subsidy claims made by farmers. Significantly 1Spatial will also be working with Defra on a time and materials basis to assist the evolution of the current scheme to support the 25-year environmental plan, which is part of the government’s broader commitment to deliver net zero.

Y/E Jan
Revenue (£m)
EBITDA (£m)
PBT (£m)
EPS (fd) (p)
P/E (x)
P/CF (x)
2019A 17.6 1.2 (0.5) (0.57) N/A N/A
2020A 23.4 3.2 0.8 0.58 73.3 81.9
2021E 24.0 3.2 0.0 0.0 N/A 11.2
2022E 25.1 3.6 0.3 0.22 193.2 10.1
Industry outlook

The GIS industry is large and growing. P&S Market Research estimates the global GIS software, services and hardware market generates sales of US$9.0bn annually and will grow at a 10% CAGR to reach annual sales of US$17.5bn by 2023.

Last updated on 13/04/2021
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Sector
TMT
Share price graph
Balance sheet
Forecast net cash (£m) 4.3
Forecast gearing ratio (%) N/A
Price performance
%
1m
3m
12m
Actual (1.2) 49.1 102.4
Relative* (3.4) 44.2 66.1
52-week high/low 51.0p/17.5p
*% relative to local index
Key management
Andy Roberts Chairman
Claire Milverton CEO
Andrew Fabian Interim CFO

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