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)
2.5
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 financial performance reflects good progress migrating the business from a bespoke solutions provider to a more scalable software model, with investment back into the business to drive an inflection in growth. While this investment phase is compressing near-term margins and cash flows, we believe it is key to unlocking the potential of the company’s products and establishing a foundation for an acceleration in high quality, scalable growth. We continue to see good potential for the company’s Enterprise solutions while uptake of 1Streetworks could be transformative.
Y/E Jan | Revenue (£m) | EBITDA (£m) | PBT (£m) | EPS (fd) (p) | P/E (x) | P/CF (x) |
---|---|---|---|---|---|---|
2022A | 27.0 | 4.2 | 1.1 | 0.77 | 81.8 | 17.3 |
2023A | 30.0 | 5.0 | 1.8 | 1.20 | 52.5 | 15.2 |
2024E | 32.1 | 5.5 | 2.4 | 1.57 | 40.1 | 13.5 |
2025E | 35.2 | 6.5 | 3.4 | 2.22 | 28.4 | 11.3 |