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$12.5m
Last closeNZ$0.20
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
Actual(18.4)0.0(55.6)
Relative *(21.1)(4.2)(61.8)

* % Relative to local index

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Company news

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

Mon, 09 Mar 2015 17:26:15 GMT

Is SLI Systems Limited (NZSE:SLI) Thriving Or Barely Surviving In The Tech Sector?

Mon, 30 Oct 2017 20:48:45 GMT

SLI changes strategy as retailers resist multiple e-commerce implementations

Tue, 22 Aug 2017 22:12:57 GMT

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

Tue, 11 Jul 2017 03:13:17 GMT

What Do Analysts Think About SLI Systems Limited's (NZSE:SLI) Earnings Trend?

Wed, 29 Nov 2017 00:00:00 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 18.2 16.5
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 06/12/2017

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 13/12/2017

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 13/12/2017

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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