SenSen Networks

AU: SNS

Market CapAU$57m

Last Close AU$0.09

Based in Australia, SenSen Networks is a pioneer in the field of sensor AI. Its horizontal technology platform, SenDISA, takes inputs from multiple sources, such as cameras, sensors networks, transaction data and GPS, then analyses and fuses the data to automate monotonous, laborious tasks and develop meaningful insights.

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Investment summary

SenSen Networks (SNS) is an Australian-based company that applies artificial intelligence (AI) to problems that involve monitoring physical spaces. Its SenDISA product platform fuses together data from multiple sensors in real time, extracts what is relevant and then uses AI to help customers reduce costs and increase revenues. SenSen’s ongoing transition to a ‘pragmatic SaaS’ model with higher-margin recurring revenues, the Scancam acquisition and Land Grab strategy should help maintain its recent momentum of contract wins across multiple geographies and verticals, which we expect could lead to a reduction of the valuation gap.

Y/E Jun
Revenue (A$m)
EBITDA (A$m)
PBT (A$m)
EPS (c)
P/E (x)
P/CF (x)
2020A 3.8 (2.8) (3.7) (0.85) N/A N/A
2021A 5.5 (2.2) (2.9) (0.61) N/A N/A
2022E 9.3 (6.6) (9.7) (1.67) N/A N/A
2023E 16.4 (2.5) (4.8) (0.73) N/A N/A
Industry outlook

SenSen operates in the fast-growing, global AI market, which is expected to expand at about a 43% CAGR and reach US$126bn by 2025 (source: Tractica). As it executes its ‘Land Grab’ strategy, SNS should benefit as AI is increasingly used in verticals that involve monitoring physical spaces and as it expands its business across multiple geographies.

Last updated on 19/05/2022
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Share price graph
Balance sheet
Forecast net cash (A$m) 1.6
Forecast gearing ratio (%) N/A
Price performance
%
1m
3m
12m
Actual (16.2) (34.8) (39.3)
Relative* (10.8) (32.8) (40.1)
52-week high/low A$0.2/A$0.1
*% relative to local index
Key management
Subhash Challa CEO
Jon Cook CFO
David Smith Executive director and COO