StatPro Group (SOG)

Business description

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

Stock data

Market cap.£55.7m
Last close86.00p
High / Low (52 weeks)113.0p / 73.5p
Stock market listingLN
Forecast net debt (£m)12.8
Forecast gearing ratio (%)41
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(5)(18.1)15.4
Relative *(6.2)(22.1)(2.3)

* % Relative to local index

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Company news

StatPro "increasing traction with client migration", N+1 Singer says

Mon, 20 Mar 2017 12:33:45 GMT

StatPro confident of pressing home early mover advantage

Wed, 15 Mar 2017 10:03:56 GMT

StatPro client extends agreement in €3mln deal

Mon, 06 Mar 2017 07:28:26 GMT

StatPro ups its stake in South African-based software provider

Thu, 23 Feb 2017 07:30:56 GMT

StatPro Group reaping the rewards of early investment in the cloud

Wed, 25 Jan 2017 08:27:42 GMT

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 33.1 8.9
2016A 37.5 5.1 2.7 3.5 24.6 7.5
2017E 40.2 5.8 3.6 4.1 21.0 5.5
2018E 43.0 6.4 4.5 5.1 16.9 5.1

Last updated on 20/03/2017

Investment summary

StatPro’s annualised recurring revenue (ARR) rose by 37% over the 12 months to £39.3m at end-FY16, reflecting 6% constant currency organic growth, two acquisitions and translation benefits from the decline in sterling. More than 10 clients are already using Revolution Performance, the recently launched transaction-based performance measurement tool that runs off Amazon cloud. The group’s pipeline of new business is at record levels and management was increasingly optimistic at the results meeting. Hence, following the recent dip, we believe that the shares are looking more compelling as the group continues to set the pace in the cloud.

Last updated on 20/03/2017

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 1% to $71.4trn in 2015 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 02/03/2017

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