1Spatial (AIM: SPA)

Last close As at 22/06/2024

GBP0.69

0.00 (0.00%)

Market capitalisation

GBP77m

1Spatial’s core technology validates, rectifies and enhances customers’ geospatial data. Its software and advisory services reduce the need for costly manual checking and correcting of data. 1Spatial’s SaaS products use the core technology to solve significant workflow bottlenecks, such as the creation of traffic management plans and validating data.

Geospatial industry is expected to grow at a double-digit rate, as advances in data capture, processing and analytics provide ever more detailed insights into the world around us. Adoption in accelerating in more mainstream verticals and for the right solutions, the return on investment can be direct, measurable and strong. The UK market opportunity for 1Streetworks is estimated at £400m, with management targeting 10% market share in five years.

Latest Insights

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TMT | edison tv

1Spatial – executive interview

TMT | Update

1Spatial — Landmark 1Streetworks contract

Sector

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Equity Analyst

Dan Ridsdale

Head of Technology

Key Management

  • Andy Roberts

    Chairman

  • Claire Milverton

    CEO

  • Stuart Ritchie

    CFO

Balance Sheet

Forecast net cash (£m)

1.1

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (8.6) 19.0 39.4
Relative (6.3) 12.3 28.9
52 week high/low 76.0p/45.5p

Financials

FY24 financial performance reflects good progress migrating 1Spatial from a bespoke solutions provider to a more scalable software model, with investment back into the business. This investment phase will continue in FY25 to lay the foundation for transformational growth from 1Streetworks and in the US in the coming years. Our scenario analysis indicates the upside from successful execution is significant, with further wins for 1Streetworks and in the US being the key catalysts for more rapid, operationally geared growth to be priced in.

Y/E Jan Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2023A 30.0 5.0 1.8 1.20 57.5 16.7
2024A 32.3 5.5 2.1 1.40 49.3 17.6
2025E 35.8 5.7 2.1 1.37 50.4 14.3
2026E 38.7 7.6 3.8 2.54 27.2 10.1

Flash note

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1Spatial — Change of CFO

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1Spatial — Two recent wins highlight US potential

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1Spatial — On board with HS2

edison tv

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1Spatial – executive interview

edison tv

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1Spatial – executive interview

edison tv

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1Spatial – executive interview

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1Spatial — $0.5m contract extension with Google

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1Spatial — Completes integration of GI

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1Spatial — Ahead on all metrics

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1Spatial — Remaining resilient

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1Spatial — Launch of 1Data Gateway

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1Spatial — Mapping a future path

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1Spatial — Encouraging early signs from GI

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1Spatial — London geospatial pilot project win

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1Spatial — Strategic and financial progress

Outlook

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1Spatial — Spatial awareness

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1Spatial — £8m raise to drive expansion

research

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1Spatial — Update 29 June 2018

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1Spatial — A note of confidence

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1Spatial — Knowing where it is going

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1Spatial — Progress in the US

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1Spatial — Turnaround plan on track in H1

Outlook

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1Spatial — Recovery plan

Review

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1Spatial — Update 21 December 2016

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1Spatial — Update 16 November 2016

Flash note

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1Spatial — Update 12 July 2016

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1Spatial — Update 7 July 2016

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Bitesize Briefing – 1Spatial

Initiation

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1Spatial — Update 5 May 2016

edison tv

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Executive Interview – 1Spatial