1Spatial’s core technology validates, rectifies and enhances customers’ geospatial data. Its software and advisory services reduce the need for costly manual checking and correcting of data. 1Spatial’s SaaS products use the core technology to solve significant workflow bottlenecks, such as the creation of traffic management plans and validating data.
The geospatial industry is at an inflection point, with technological advancements across both geospatial technology and other technology trends, such as cloud, big data analytics and machine learning/AI enabling new use cases and reducing the barriers to adoption.
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Andy Roberts
Chairman
Claire Milverton
CEO
Stuart Ritchie
CFO
Forecast net cash (£m)
1.1
Forecast gearing ratio (%)
N/A
% | 1M | 3M | 12M |
---|---|---|---|
Actual | 6.8 | 19.4 | 24.8 |
Relative | 4.8 | 12.5 | 21.0 |
52 week high/low | 64.0p/45.5p |
1Spatial’s FY24 results reflected robust momentum for the enterprise business and continued improvement in the revenue mix, with investment in growth suppressing margin and cash generation. This investment phase will continue in FY25 to lay the foundation for transformational growth from 1Streetworks and in the US in the coming years. Our scenario analysis indicates the upside from successful execution is significant, with further wins for 1Streetworks and in the US being the key catalysts for more rapid, operationally geared growth to be priced in.
Y/E Jan | Revenue (£m) | EBITDA (£m) | PBT (£m) | EPS (fd) (p) | P/E (x) | P/CF (x) |
---|---|---|---|---|---|---|
2023A | 30.0 | 5.0 | 1.8 | 1.20 | 52.5 | 15.2 |
2024A | 32.3 | 5.5 | 2.1 | 1.40 | 45.0 | 16.1 |
2025E | 35.8 | 5.7 | 2.1 | 1.37 | 46.0 | 13.1 |
2026E | 38.7 | 7.6 | 3.8 | 2.54 | 24.8 | 9.2 |