CentralNic’s two divisions help businesses go online: Online Presence (reseller, corporate and SME) and Online Marketing. Services include domain name reselling, hosting, website building, security certification and website monetisation.
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Powered by its privacy-safe approach to online marketing, CentralNic continues to deliver an attractive mix of growth, recurring revenues and strong cash conversion in an uncertain economic climate. CentralNic’s Q122 figures were marginally ahead of the April trading update, with gross revenues of US$157m (an 86% rise y-o-y) and net revenues increasing to US$40m (up 43% y-o-y), a 25.5% margin. Adjusted EBITDA increased by 83% to US$19m, a 46% net revenue margin (Q121: 36%, FY21: 39%) demonstrating CentralNic’s growing operating leverage. CentralNic trades on an undemanding rating with management confident of the full-year outlook.
Y/E Dec |
Revenue (US$m) |
EBITDA (US$m) |
PBT (US$m) |
EPS (fd) (c) |
P/E (x) |
P/CF (x) |
|---|---|---|---|---|---|---|
| 2020A | 240.0 | 29.4 | 18.6 | 9.57 | 15.0 | N/A |
| 2021A | 410.5 | 46.3 | 31.9 | 10.69 | 13.5 | 210.1 |
| 2022E | 573.5 | 65.9 | 51.1 | 14.46 | 10.0 | 25.0 |
| 2023E | 672.4 | 76.0 | 62.5 | 16.12 | 8.9 | 13.6 |
Industry outlook
CNIC supplies the tools needed for businesses to develop their online presence and generate revenues through online marketing. It delivers services to c 40m domain names, with building marketplaces facilitating cross-selling and upselling important drivers of future growth – organic growth is supported by M&A.
Last updated on 30/06/2022Content on CentralNic Group
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TMT
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Share price graph
Balance sheet |
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| Forecast net debt (US$m) | 59.7 |
| Forecast gearing ratio (%) | 31 |
Price performance
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Key management |
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| Iain McDonald | Chairman |
| Ben Crawford | CEO |
| Michael Riedl | CFO |
| Don Baladasan | Group managing director |