AUSTRIACARD (ASE: ACAG)

Last close As at 20/05/2024

EUR6.30

−0.01 (−0.16%)

Market capitalisation

EUR224m

AUSTRIACARD is a Vienna-headquartered group of companies with a portfolio of services in secure chip and payment solutions, document lifecycle management, and digital transformation technologies for the financial, government and wider private sectors.

While the smart card market is forecast to grow volumes in the mid-single digits, we expect smartcard volumes for challenger banks and other fintechs to grow faster than the overall market. With a focus on geographies that are later to the digitalisation trend, AUSTRIACARD is well positioned to help companies through their digital transformation programmes.

Latest Insights

TMT | Flash note

AUSTRIACARD — Acquiring data analytics expertise

TMT | Initiation

AUSTRIACARD — Holding a strong hand

Sector

TMT

Equity Analyst

Key Management

  • Nikolaos Lykos

    Chairman

  • Panagiotis Spyropoulos

    CEO

Balance Sheet

Forecast net debt (€m)

61.8

Forecast gearing ratio (%)

48

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 1.6 1.6 7.7
Relative (3.6) (6.8) (6.7)
52 week high/low €7.3/€5.7

Financials

AUSTRIACARD has acquired a UK-based specialist in data analytics for €1.6m. This should bolster the group’s digital transformation technologies (DTT) practice and provide a route for LSTech to commercialise its technology. As LSTech is focused on similar verticals as AUSTRIACARD’s DTT business, the deal provides the potential for cross-selling as well as the enhancement of existing AUSTRIACARD solutions.

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (fd) (c) P/E (x) P/CF (x)
2022A 314.7 39.1 23.0 42.00 15.0 22.5
2023A 364.6 50.4 29.8 62.27 10.1 10.5
2024E 395.2 57.1 35.7 66.48 9.5 8.6
2025E 424.7 64.6 43.4 82.55 7.6 6.7

Thematics

thematic

TMT

MediaWatch – Rinse and repeat

thematic

TMT

MediaWatch – Still waiting…

Subscribe to Edison

Get access to the very latest content matched to your personal investment style.

Sign up for free