eServGlobal (ESG)

Business description

eServGlobal develops mobile software solutions to support mobile financial services, with a focus on emerging markets. The company also has a share in the HomeSend international remittances hub, alongside Mastercard and BICS.

Stock data

Market cap.£45.6m
Last close7.13p
High / Low (52 weeks)8.2p / 5.1p
Stock market listingLN, AU
Forecast net debt (A$m)9.9
Forecast gearing ratio (%)52
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual0.026.723.9
Relative *1.228.516.3

* % Relative to local index

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Company news

How Financially Strong Is eServGlobal Limited (ASX:ESV)?

Sat, 08 Jul 2017 14:37:30 GMT

Watching Eservglobal Limited (ESG.L)'s Trading Levels

Mon, 25 Sep 2017 07:07:30 GMT

Is eServGlobal Limited a small-cap bargain?

Fri, 27 Mar 2015 00:41:03 GMT

eServGlobal Limited jumps on new MasterCard deal: Is it a buy?

Fri, 22 May 2015 02:19:03 GMT

Wilder Moving Average Seen Below the Simple Moving Average for Eservglobal ...

Mon, 25 Sep 2017 05:03:45 GMT

Y/E Oct Revenue (A$m) EBITDA (A$m) PBT (A$m) EPS (c) P/E (x) P/CF (x)
2015A 25.9 (10.4) (17.7) (5.41) N/A N/A
2016A 21.6 (7.0) (17.5) (3.88) N/A N/A
2017E 18.2 (6.1) (15.8) (2.01) N/A N/A
2018E N/A N/A N/A N/A N/A N/A

Last updated on 25/08/2017

Investment summary

Slower than expected trading combined with continued restructuring of the business in H117 has resulted in a reduction in our forecasts for FY17. Management is confident that the pipeline has strengthened and should support a pick-up in revenues in H217. The HomeSend joint venture (JV) has extended its application to the cross-border bank payments market, which should support its target to break even in CY17 and drive growth in the value of the JV.

Last updated on 06/09/2017

Industry outlook

eServGlobal's core business is focused on developing markets, where there is a higher prevalence of pre-paid contracts and unbanked citizens. Growth drivers include the shift to using the mobile phone for financial services and the increasing popularity of mobile peer-to-peer payments. The international remittances market was worth $575bn in 2016 and is forecast to grow to $616bn by 2018 (source: World Bank). The HomeSend JV has the potential to reduce the cost of sending smaller sums of money cross-border.

Last updated on 06/09/2017

Key management

Andrew Hayward, CFO
John Conoley, Executive Chairman and Member of Audit Commit

Company address

Suite 5
30 Florence Street
Newstead
Brisbane
4006
Australia
+33 1 4612 58 85
View website