€26.1m market cap
€3.05 last close
Founded in 2000, mVISE is a pioneer in German mobile software solutions with a large blue-chip client base, including Vodafone, Bosch and Deutsche Telekom. The group specialises in mobile business solutions, virtualisation and cloud-computing, and security software. Consulting contributed two-thirds of revenues in 2016, and act as a driver of additional revenues including own software sales.
Investment summary
mVISE interims highlight a business continuing to make progress on its three-year 2018+ strategy. Headline revenues rose nearly 7% y-o-y and 12% organically. With new white-label partners now marketing elastic.io, a big acceleration in product and associated (high-margin) consulting sales is expected in H2 and the company has maintained its FY19 guidance. We see the shift to cloud-based, big data-driven platforms providing an excellent long-term growth tailwind. In our view, these prospects are not reflected in a consensus FY20 P/E of 12.1x.
Sector |
|---|
| TMT |
Share price graph
Price performance
% |
1m |
3m |
12m |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|||||||||||||||
| *% relative to local index | |||||||||||||||
Key management |
|
|---|---|
| Manfred Götz | CEO |
| Sonja Peisker | IR |
You may also be interested in…
- Aladdin Blockchain Technologies
- artec technologies
- bet-at-home
- Beta Systems
- Cliq Digital
- Codere
- CREALOGIX Group
- Cyan
- DATAGROUP
- Edel
- EQS Group
- Esker
- Expert System
- Flatex
- GO internet
- Max 21
- Mensch & Maschine Software
- Mondo TV
- Mynaric
- OPAP
- Pantaflix
- Piteco
- Riber
- SNP Schneider-Neureither & Partner
- STEMMER IMAGING
- Technicolor
- TerraNet
- The Marketing Group
- The NAGA Group
- Thin Film Electronics
- Tinexta
- TXT e-solutions
- Vectron Systems