SCISYS (SSY)

Business description

SCISYS provides a range of professional services in support of the planning, development and use of computer systems in the space, media/broadcast and defence sectors, as well as to other public and private sector enterprises.

Stock data

Market cap.£29.1m
Last close99.50p
High / Low (52 weeks)112.0p / 83.5p
Stock market listingLN
Forecast net debt (£m)6.2
Forecast gearing ratio (%)24
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(0.5)0.010.6
Relative *0.71.43.8

* % Relative to local index

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Company news

Scisys Plc

Wed, 01 Jun 2011 16:35:29 GMT

Scisys Plc 39.6% Potential Upside Indicated by finnCap

Thu, 24 Nov 2016 10:36:36 GMT

News

Wed, 26 Mar 2014 16:00:42 GMT

SCISYS PLC (SSY.L): Watching the MFI on the Charts

Mon, 25 Sep 2017 21:00:00 GMT

SciSys shares rise as it draws a veil over 'Operation Crater'

Sun, 18 Oct 2015 17:06:56 GMT

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2015A 36.1 1.5 0.6 1.3 76.5 18.4
2016A 45.7 4.0 3.0 9.2 10.8 8.4
2017E 53.4 5.6 4.0 11.2 8.9 4.1
2018E 55.1 6.0 4.4 11.8 8.4 5.2

Last updated on 25/08/2017

Investment summary

In August, SCISYS’s ANNOVA Systems unit achieved an important commercial milestone in its BBC contract, for the supply of ANNOVA's OpenMedia software. As the critical software functionality implementation and live pilot milestones have been successfully completed, the roll-out of OpenMedia across the BBC has begun. ANNOVA also announced two contract wins – a c €2.5m contract with an unnamed major public German broadcaster and a €0.8m contract with the German public broadcaster ARD-aktuell for a cross-media planning portal for its national prime news programmes, including ‘Tagesschau’. Noting management’s goal to achieve £60m in revenues and double-digit operating margins within three to five years, we believe the stock looks attractive on c 8x our FY18e EPS.

Last updated on 06/09/2017

Industry outlook

SCISYS is a specialist provider of high-value IT solutions, focusing on specialist markets of space, media and broadcast, and defence sectors, along with other public and private sector enterprises. In recent years, weakness across the group's significant public sector customer base has been offset by strong performances from space and defence. The recent acquisition of ANNOVA Systems adds critical mass to the Media & Broadcast activities while extending the previous radio-focused offering into television and online.

Last updated on 06/09/2017

Key management

Mike Love, Chairman
Klaus Heidrich, CEO
Chris Cheetham, FD

Company address

Methuen Park
Chippenham
Wiltshire
SN14 0GB
United Kingdom
+44 (0)1249 466466
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