2309 GMT [Dow Jones] Energy and telecommunications IT services provider Hansen Technologies' (HSN.AU) purchase of billing company PPL Solutions puts it in a better position for future deregulation in the U.S., says Credit Suisse. The deal, which was foreshadowed in May, prompts Credit Suisse to increase its FY17-18 EPS by 5-6%. The broker also thinks the PPL deal will boost FY17 ebitda by around A$3.5 million. "Our discounted cash flow-driven target price of A$3.75 (including A$0.35 for future acquisitions) puts Hansen on an FY17 PE of 20.9 times, a 29% premium to global utility and telco billing software peers on 16.2 times," Credit Suisse says. "Whilst significant, we believe this premium accurately captures Hansen's track record of generating superior growth through its ongoing acquisition strategy." Credit Suisse keeps its neutral call unchanged. HSN last traded at A$3.70. ([email protected])
(END) Dow Jones Newswires
July 03, 2016 19:09 ET (23:09 GMT)
2309 GMT [Dow Jones] Energy and telecommunications IT services...
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Last
$4.54 |
Change
0.090(2.02%) |
Mkt cap ! $923.5M | |||
| Open | High | Low | Value | Volume |
| $4.49 | $4.58 | $4.45 | $2.611M | 579.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4000 | $4.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.55 | 3820 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| HSN (ASX) Chart |