1Spatial (AIM: SPA)

Last close As at 30/04/2024

GBP0.64

−0.50 (−0.78%)

Market capitalisation

GBP71m

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.

Latest Insights

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Sector

TMT

Equity Analyst

Dan Ridsdale

Head of Technology

Max Hayes

Max Hayes

Associate Analyst

Key Management

  • Andy Roberts

    Chairman

  • Claire Milverton

    CEO

  • Stuart Ritchie

    CFO

Balance Sheet

Forecast net cash (£m)

2.5

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 7.6 20.4 25.7
Relative 5.4 13.4 21.6
52 week high/low 64.0p/45.5p

Financials

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 82.5 17.4
2023A 30.0 5.0 1.8 1.20 52.9 15.3
2024E 32.1 5.5 2.4 1.57 40.4 13.6
2025E 35.2 6.5 3.4 2.22 28.6 11.4

Thematics

thematic

TMT

MediaWatch – Rinse and repeat

thematic

TMT

MediaWatch – Still waiting…

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