Checkit

LN: CKT

£32.5m market cap

52p last close

Checkit optimises the performance of people, processes and physical assets with connected digital solutions. The company is headquartered in Cambridge, UK and has its operations centre in Fleet, UK.

Investment summary

Checkit has emerged from a period of corporate activity as a pure-play business focused on driving the adoption of its connected SaaS software, in particular its workflow management application. Checkit’s software is designed to enable smarter operations management, exploiting Internet of Things technology to connect people, processes and assets. With a proven ability to sign up blue-chip customers across a number of target verticals, growth in recurring revenues and an expanding customer base should help to close the valuation discount to software peers.

Y/E Jan
Revenue (£m)
EBITDA (£m)
PBT (£m)
EPS (p)
P/E (x)
P/CF (x)
2019A 1.0 (2.3) (4.4) (2.48) N/A N/A
2020A 9.8 (2.6) (5.1) (3.10) N/A N/A
2021E 13.0 (3.0) (3.8) (6.05) N/A N/A
2022E 14.1 (2.4) (3.2) (5.21) N/A N/A
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Sector
TMT
Share price graph
Balance sheet
Forecast net cash (£m) 10.5
Forecast gearing ratio (%) N/A
Price performance
%
1m
3m
12m
Actual (1.0) 16.9 62.5
Relative* (4.5) 3.3 79.2
52-week high/low 53.5p/24.0p
*% relative to local index
Key management
Keith Daley Chairman
Aylsa Muir CFO