PSI (PSAN)

Business description

PSI develops and integrates software solutions and complete systems for utilities, manufacturers and infrastructure providers.

Share price chart

Share chart

Stock data

Market cap.€177.1m
Last close€11.32
High / Low (52 weeks)€14.8 / €10.6
Stock market listingDE
Forecast net cash (€m)4.3
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual3.8(6.9)(7.9)
Relative *(7.4)(10.7)(13.6)

* % Relative to local index

Other companies in sector Show

Acal accesso Technology Group
ADVA Optical Networking Advanced Computer Software Group
Advanced Micro Devices AIXTRON
Allocate Software Allot Communications
Alpha and Omega Semiconductor Amazon
Amino Technologies ANADIGICS
Arria NLG blinkx
blur Group Brady
Carclo CENIT
CML Microsystems Comptel
Craneware Cypress Semiconductor
DDD Group Dillistone Group
dotDigital DSP Group
e2v technologies Eckoh
Elmos Semiconductor EMIS
Emulex Endace
EnWave Corporation Esker
Evolving Systems Expert System
Facebook FFastFill
First Derivatives Focus Solutions Group
Fusionex International GB Group
GBST Holdings GFT Group
Globo GO internet S.p.a.
Himax Technologies ifa systems
Infinera Inmarsat
Innovation Group InVision
IS Solutions IXYS
K3 Business Technology Group LRAD Corporation
Magix Manpower Software
Manz Maxima Holdings
Medicsight Micro Focus International
Micron Technology Migme
Monitise Montage Technology
Morse Netcall
NetDimensions Netflix
Nexus Management O2Micro International
OMG OmniVision Technologies
Optimal Payments Outsourcery
Patsystems Pericom Semiconductor
PLX Technology Prodware
Pure Wafer QSC
Redstone Reed Elsevier
Regenersis Rheinmetall
RM SCISYS
Secunet Seeing Machines
Sepura Seven Principles
Siemens Sigma Designs
Silicom Silicon Image
SimiGon Single Touch Systems
SinnerSchrader SLI Systems
Software AG Solera
Spansion Spirent Communications
SQS Software Quality Systems AG StatPro Group
Store Electronic Systems SuperCom
Synchronica Technology sector
Texas Instruments Thin Film Electronics
Tikit Group Toumaz
TXT e-solutions TZ Limited
Ubisense Group United Power Technology
VASCO Data Security Virtual Piggy
Vislink Vizrt
VMob Group WANdisco
WorkPlace Systems International Xploite
Xplore Technologies Corp
Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (fd) (c) P/E (x) P/CF (x)
2013A 176.3 8.0 3.3 10.6 106.7 98.7
2014A 176.2 12.4 7.3 38.7 29.2 22.8
2015E 196.9 17.7 12.4 65.5 17.3 16.4
2016E 206.8 21.3 16.6 87.3 13.0 10.7

Last updated on 24/11/2014

Latest research

Investment summary

While near-term visibility is limited, key structural initiatives to build on PSI’s strengths, consolidate products onto a single platform and move towards a standard software revenue model should improve competitiveness and margins. PSI’s ability to execute will be key, but success should drive sustained double-digit earnings growth. This is not factored into PSI’s current valuation.

Last updated on 24/11/2014

Industry outlook

Demand from the German energy market is recovering, and prospects in the US are buoyed by renewed investment in the metals industry. The outlook is less certain in some key overseas markets, with risk from geopolitical turmoil in Russia, Thailand and the Middle East and the Chinese economic slowdown.

Last updated on 03/11/2014

Key management

Dr Harald Schrimpf, CEO
Harald Fuchs, CFO

Company address

PSI AG Headquarter
Dircksenstra├če 42-44
Berlin
10178
Germany
+49 30 2801-0
View website