SLI Systems (SLIZ)

Business description

SLI Systems' core products are e-commerce site search and navigation tools that learn from customer behaviours to improve the relevance of search results and therefore increase sales conversion.

Stock data

Market cap.NZ$15.3m
Last closeNZ$0.25
High / Low (52 weeks)NZ$0.5 / NZ$0.2
Stock market listingNZ
Forecast net cash (NZ$m)4.4
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual11.36(2)(45.56)
Relative *7.36(5.54)(51.3)

* % Relative to local index

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Company news

Should You Be Concerned About SLI Systems Limited's (NZSE:SLI) Shareholders?

Sun, 15 Oct 2017 23:37:30 GMT

Is It Too Late To Buy SLI Systems Limited (NZSE:SLI)?

Tue, 12 Sep 2017 01:30:00 GMT

SLI Systems shares sink to record low in run-up to earnings season

Tue, 11 Jul 2017 03:13:17 GMT

Paul Smith Boosts E-Commerce Sales with Site Search from SLI Systems

Mon, 09 Mar 2015 17:26:15 GMT

SLI changes strategy as retailers resist multiple e-commerce implementations

Tue, 22 Aug 2017 22:12:57 GMT

Y/E Jun Revenue (NZ$m) EBITDA (NZ$m) PBT (NZ$m) EPS (c) P/E (x) P/CF (x)
2016A 35.7 1.1 0.7 1.1 22.7 20.6
2017A 32.0 (0.5) (0.8) (1.8) N/A N/A
2018E 31.6 (0.9) (1.3) (2.2) N/A N/A
2019E 33.4 0.0 (0.4) (0.8) N/A N/A

Last updated on 26/09/2017

Investment summary

A recovery in growth remains stubbornly elusive, with falling revenues and rising losses in line with our forecasts. SLI Systems is treading water from a momentum perspective. However, operational metrics provide signs of encouragement, with ARR increasing slightly, and a substantial uptick in client retention rates. As of H218, SLI will employ a more indirect sales strategy, which could improve uptake of the solutions available. Double-digit revenue growth and 10% margins would imply 20% upside.

Last updated on 26/09/2017

Industry outlook

The global retail e-commerce market is estimated to be $3.6tn by 2019, growing at c 16% CAGR from $1.7tn in 2017, indicating increasing demand for SLI’s product suite. SLI estimates its global market opportunity at $1.7bn. The competitive landscape is crowded, however, with direct competition, e-commerce platforms and in-house solutions in the competitive mix.

Last updated on 06/09/2017

Key management

Greg Cross, Chairman
Chris Brennan, CEO
Rod Garrett, CFO

Company address

78-106 Manchester Street
Christchurch 8011
New Zealand
View website