SLI Systems (SLI)

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.

Share price chart

Share chart

Stock data

Market cap.NZ$69.5m
Last closeNZ$1.14
High / Low (52 weeks)NZ$2.6 / NZ$1.0
Stock market listingNZ
Forecast net cash (NZ$m)6.7
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual0.9(2.6)(58.6)
Relative *(1.9)(9.1)(63.3)

* % Relative to local index

Other companies in sector Show

Acal accesso Technology Group
ADVA Optical Networking Advanced Computer Software Group
Advanced Micro Devices AIXTRON
All for One Steeb 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 DATAGROUP
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 First Sensor
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 Jenoptik
K3 Business Technology Group LRAD Corporation
Magix Manpower Software
Manz Maxima Holdings
Medicsight Mensch & Maschine Software
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 PSI
Pure Wafer QSC
REALTECH Redstone
Reed Elsevier Regenersis
Reply SpA Rex Bionics
Rheinmetall RM
SCISYS Secunet
Seeing Machines Sepura
Seven Principles Siemens
Sigma Designs Silicom
Silicon Image SimiGon
SinnerSchrader SITO Mobile
SNP Schneider-Neureither & Partner 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 Wincor Nixdorf
WorkPlace Systems International Xploite
Xplore Technologies Corp
Y/E Jun Revenue (NZ$m) EBITDA (NZ$m) PBT (NZ$m) EPS (fd) (c) P/E (x) P/CF (x)
2013A 19.0 (1.4) (1.6) (2.9) N/A N/A
2014A 22.4 (5.4) (5.4) (8.6) N/A N/A
2015E 30.1 (4.0) (4.4) (7.3) N/A N/A
2016E 40.0 (1.5) (1.9) (3.1) N/A N/A

Last updated on 15/12/2014

Investment summary

SLI Systems recently launched Learning Search Connect for SAP's Hybris e-commerce platform. The platform has been ranked second in ForresterWave's analysis of B2B ecommerce platforms and claims to have grown at 83% CAGR since 2009 and to have over 500 customers. SLI's 'plug-in' to this platform makes it easier for Hybris users such as Toys 'R' Us, Nestle, Samsung and Ted Baker to adopt SLI's search and navigation technology. Effective sales and marketing are still required to sign up these customers, but the availability of a plug-in reduces one of the key technical barriers to adoption.

Last updated on 22/12/2014

Industry outlook

E-commerce site search is a growth market, thanks to the overall growth in e-commerce and the importance of effective search in converting website visits to sales. SLI Systems' cloud-based product minimises the initial set-up costs for its customers, resulting in a high ROI in a short time frame. Global e-commerce sales are expected to grow by 20.2% in FY14.

Last updated on 22/12/2014

Key management

Greg Cross, Chairman
Rod Garrett, CFO
Dr Shaun Ryan , CEO and Founder

Company address

78-106 Manchester Street
Christchurch 8011
New Zealand
View website