Monday, 31 January 2022

I just got this ...Mon, 31 Jan at 9:41 am

Monday, 31 January 2022

FCL - FINEOS CORPORATION HOLDINGS PLC

Macquarie rates FCL as Outperform (1) - Fineos Corporation's December half receipts met Macquarie's expectations, posting a quarterly two-year compound annual growth rate of 9.2%. Payments rose 7.2%.

Guidance was steady. No new clients were announced, the company striking growth from its existing clients.

Target price falls to $3.98 from $4.92 to reflect the recent shift in relative valuation and the broker is keeping a wary eye to new client acquisition.

Outperform rating retained.

Target price is $3.98 Current Price is $3.56 Difference: $0.42 If FCL meets the Macquarie target it will return approximately 12% (excluding dividends, fees and charges). Current consensus price target is $4.58, suggesting upside of 28.7%(ex-dividends)The company's fiscal year ends in June.

Forecast for FY22:

Macquarie forecasts a full year FY22 dividend of 0.00 cents and EPS of minus 1.89 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 188.46. How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -1.8, implying annual growth of N/A. Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A. Current consensus EPS estimate suggests the PER is N/A.

Forecast for FY23:

Macquarie forecasts a full year FY23 dividend of 0.00 cents and EPS of minus 0.79 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 452.35. How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 0.2, implying annual growth of N/A. Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A. Current consensus EPS estimate suggests the PER is 1780.0.

This company reports in EUR. All estimates have been converted into AUD by FNArena at present FX values.Market Sentiment: 0.8All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources