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$56.6m
Last closeNZ$0.91
High / Low (52 weeks)NZ$1.2 / NZ$0.7
Stock market listingNZ
Forecast net cash (NZ$m)4.4
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(17.3)15.2(2.2)
Relative *(18.9)5.0(14.5)

* % Relative to local index

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Y/E Jun Revenue (NZ$m) EBITDA (NZ$m) PBT (NZ$m) EPS (c) P/E (x) P/CF (x)
2014A 22.4 (5.4) (5.4) (8.5) N/A N/A
2015A 28.6 (6.5) (6.7) (10.7) N/A N/A
2016E 36.6 (0.3) (0.6) (1.0) N/A N/A
2017E 46.2 4.1 3.7 6.0 15.2 32.8

Last updated on 20/04/2016

Investment summary

SLI Systems has appointed veteran Silicon Valley executive Chris Brubaker as Chief Marketing Officer. Brubaker, who joins SLI immediately, will focus on driving excellence in worldwide marketing execution to assist the company’s ongoing revenue growth and operating income improvement. He brings more than fifteen years’ marketing and executive leadership experience to the position. SLI had NZ$5.6m cash on hand at 31 December and expects to break even without requiring additional capital. We are forecasting FY16 EPS of (1.0)c.

Last updated on 03/05/2016

Industry outlook

Mobile search and business analytics are becoming key industry drivers for SLI Systems. e-Retailers are increasingly aware that effective search and merchandising can have a significant impact on revenue and profitability and therefore deserve specialised focus. Mobile search is particularly difficult and it is the appreciation of this fact by retailers that should lead to growth in the independent site search industry.

Last updated on 03/05/2016

Key management

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

Company address

78-106 Manchester Street
Christchurch 8011
New Zealand
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