StatPro Group (SOG)

Business description

StatPro Group provides cloud-based portfolio analytics solutions to the global investment community.

Stock data

Market cap.£92.9m
Last close142.50p
High / Low (52 weeks)165.5p / 86.0p
Stock market listingLN
Forecast net debt (£m)19.7
Forecast gearing ratio (%)64
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(9.2)(8.7)37.0
Relative *(10.2)(10.2)26.0

* % Relative to local index

Other companies in sector Show

1Spatial 7digital Group
accesso Technology Group ADVA Optical Networking
Advanced Computer Software Group Advanced Micro Devices
AIXTRON Algomizer
All for One Steeb AG Allocate Software
Allot Communications Alpha and Omega Semiconductor
Alphapoint Technology Inc Amazon
Amino Technologies ANADIGICS
appScatter Arria NLG
artec technologies AsiaCell
AT&S Austria Technologie & Systemtechnik Beta Systems
Blancco Technology Group blinkx
blur Group Brady
Bulletproof Group Carclo
Catapult Group International CENIT
CentralNic Cerillion
CityFibre Infrastructure Holdings Cliq Digital
CML Microsystems CoAssets
Comptel Covata
Craneware CREALOGIX Group
Cypress Semiconductor DATAGROUP
DDD Group Dillistone Group
door2door dotDigital
DSP Group e2v technologies
Eagle Eye Eckoh
Elmos Semiconductor EMIS Group
Emulex Endace
EnWave Corporation Epipoli
eServGlobal Esker
Evolving Systems EVR Holdings PLC
Expert System Facebook
Featurespace FFastFill
FinTech Group First Derivatives
First Sensor Focus Solutions Group
Foresight Autonomous Holdings FreeAgent
Freelancer Fusionex International
Gamma Communications GB Group
GBST Holdings GeoOp
GetBusy GFT
Globo GO internet
Himax Technologies Hrvatski Telekom
ifa systems ikeGPS Group
Infinera Inmarsat
Innovation Group InVision
IQE IS Solutions
ISRA VISION IXYS
Jenoptik K3 Business Technology
Kainos Kalibrate Technologies
Keywords Studios Learning Technologies Group
LRAD Corporation Magix
Manpower Software Manx Telecom
Manz Max 21
Maxima Holdings Medicsight
Mensch & Maschine Software Mercia Technologies
Micro Focus International Micron Technology
Migme Mobile ecosystems
Monitise Montage Technology
Morse mVISE
My Net Fone Mynaric
Nano Dimension Nanoco Group
nearmap Nemetschek
Netcall NetDimensions
Netflix Nexus Management
O2Micro International OMG
OmniVision Technologies Orion Health Group
Osirium Technologies Outsourcery
Panorama Synergy Pantaflix
Patsystems Paysafe Group
Pebble Beach Systems Group Pericom Semiconductor
Phitek Piteco
PLX Technology Pointer Telocation
Pricer Prodware
PSI Pure Wafer
QSC Real Estate Investar Group
REALTECH Redflex Holdings
Redstone Reed Elsevier
Reply SpA Results.com
Rex Bionics Rheinmetall
RM S&T
SCISYS Secunet
Seeing Machines Sepura
Serko Seven Principles
Siemens Sigma Designs
Silicom Silicon Image
SimiGon SinnerSchrader
SITO Mobile SLI Systems
Smartpay Holdings SNP Schneider-Neureither & Partner
Software AG Solera
Solutions 30 Spansion
Spirent Communications SQS Software Quality Systems AG
Stadium Group Store Electronic Systems
Straker Translations SuperCom
Synchronica Taptica
Technology sector TerraNet
Texas Instruments The NAGA Group
Thin Film Electronics Thoughtonomy
Tikit Group Toumaz
Track Group TXT e-solutions
TZ Limited Ubisense Group
UMT United Mobility Technology United Power Technology
VASCO Data Security Vectron Systems
Virtual Piggy Vista Group International
Vitec Vizrt
VMob Group WANdisco
Webinar Wincor Nixdorf
WorkPlace Systems International XP Power
Xploite Xplore Technologies Corp
YuuZoo

Company news

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2015A 30.2 4.0 2.6 2.6 54.8 14.7
2016A 37.5 5.1 2.7 3.5 40.7 12.5
2017E 48.9 7.0 4.2 5.0 28.5 8.0
2018E 57.3 8.9 6.1 7.2 19.8 6.4

Last updated on 07/12/2017

Investment summary

In its Q3 trading update, StatPro reported that annualised recurring revenue (ARR) increased by 40% to £52.9m over 12 months. This includes the ARR for Delta, the front office, fixed-income-focused analytics service, which was acquired in May. The percentage of group ARR that is SaaS rose to 83%. Management said the integration of Delta is also going well and its roadmap to add the highly respected and complementary Delta functionality into the Revolution platform has been well received by clients. We are maintaining our forecasts. During its capital markets day held in late September, StatPro outlined its plans to consolidate its position in the middle office while enlarging its presence in the front office. We continue to see strong upside potential, given the significant valuation disparity between StatPro and its US-listed financial software peers.

Last updated on 13/12/2017

Industry outlook

StatPro's products are targeted at the global wealth management industry. The outlook for fund managers has been showing modest improvements with assets under management rising by 7% to $69.1trn in 2016, according to Boston Consulting Group. In addition, competitive, cost and regulatory pressures all require asset managers to maintain and upgrade their reporting and risk management systems.

Last updated on 13/12/2017

Key management

Justin Wheatley, CEO
Andrew Fabian , FD

Company address

StatPro House
81-87 Hartfield Road
Wimbledon
London
SW19 3TJ
United Kingdom
+44 (0)20 8410 9876
View website