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$44m
Last closeNZ$0.71
High / Low (52 weeks)NZ$1.3 / NZ$0.7
Stock market listingNZ
Forecast net cash (NZ$m)3.4
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(4.1)(5.3)(26)
Relative *(2.2)(4.5)(25.1)

* % 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) (8.6) N/A N/A
2015A 28.6 (6.5) (6.7) (10.8) N/A N/A
2016E 38.0 (1.2) (1.5) (2.5) N/A N/A
2017E 45.9 2.8 2.4 4.0 17.8 40.9

Last updated on 11/12/2015

Investment summary

SLI Systems' new US-based CEO, Chris Brennan, has augmented his team with the appointment of Silicon Valley veteran, Martin Onofrio as Chief Revenue Officer. Onofrio brings more than 25 years' sales and executive leadership experience within the US tech sector. SLI also announced in early November that operating revenue for H116 will be NZ$17.3m, a 29% y-o-y rise.

Last updated on 05/01/2016

Industry outlook

Personalisation and effective mobile search are becoming key industry themes and growth drivers for SLI systems. e-Retailers are increasingly becoming 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 05/01/2016

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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