£74.2m market cap
250p last close
SCISYS Group provides a range of professional services in support of the planning, development and use of computer systems in the space, media/broadcast and defence sectors, as well as to other public and private sector enterprises.
Investment summary
The Canadian IT services company CGI is acquiring SCISYS for 254.15p in cash, together with the final dividend of 1.73p. The offer price values the entire issued and to be issued ordinary share capital of SCISYS at c £78.9m. At the scheme meeting and EGM held on 7 August 2019, shareholders voted to approve the scheme to implement the offer and resolutions to approve and facilitate the scheme were duly passed at the EGM. Completion of the acquisition remains subject to the satisfaction or waiver of the remaining conditions, including the sanction of the scheme by the High Court.
Y/E Dec |
Revenue (£m) |
EBITDA (£m) |
PBT (£m) |
EPS (p) |
P/E (x) |
P/CF (x) |
|---|---|---|---|---|---|---|
| 2017A | 53.2 | 5.4 | 3.6 | 9.3 | 26.9 | 7.0 |
| 2018A | 58.4 | 6.5 | 4.6 | 13.1 | 19.1 | 13.1 |
| 2019E | 61.5 | 6.7 | 5.0 | 12.7 | 19.7 | 11.6 |
| 2020E | 63.5 | 7.0 | 5.4 | 13.4 | 18.7 | 11.2 |
| Last updated on 29/08/2019 | ||||||
Industry outlook
SCISYS is a specialist provider of high-value IT solutions, focusing on specialist markets of space, media and broadcast, and defence sectors, along with other public and private sector enterprises. In recent years, weakness across the group’s significant public sector customer base has been offset by strong performances from space and defence.
Last updated on 29/08/2019
Sector |
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| TMT |
Share price graph
Balance sheet |
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|---|---|
| Forecast net debt (£m) | 0.3 |
| Forecast gearing ratio (%) | 1 |
Price performance
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1m |
3m |
12m |
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Key management |
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|---|---|
| Mike Love | Chairman |
| Klaus Heidrich | CEO |
| Chris Cheetham | FD |
Content on SCISYS Group
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