StatPro Group (SOG)

Business description

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

Stock data

Market cap.£98.7m
Last close152.50p
High / Low (52 weeks)165.5p / 86.0p
Stock market listingLN
Forecast net debt (£m)19.7
Forecast gearing ratio (%)64

Price performance

Relative *(8.89)25.7724.75

* % 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
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 Cypress Semiconductor
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
Globo GO internet
Himax Technologies Hrvatski Telekom
ifa systems ikeGPS Group
Infinera Inmarsat
Innovation Group InVision
IQE IS Solutions
Jenoptik K3 Business Technology
Kainos Kalibrate Technologies
Keywords Studios Learning Technologies Group
LRAD Corporation Magix
Manpower Software Manx Telecom
Manz Maxima Holdings
Medicsight Mensch & Maschine Software
Mercia Technologies Micro Focus International
Micron Technology Migme
Mobile ecosystems Monitise
Montage Technology Morse
mVISE My Net Fone
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
Rex Bionics Rheinmetall
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
Spansion Spirent Communications
SQS Software Quality Systems AG Stadium Group
Store Electronic Systems Straker Translations
SuperCom Synchronica
Taptica Technology sector
TerraNet Texas Instruments
The Marketing Group 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

Company news

StatPro continues to drive annualised recurring revenues higher

Thu, 19 Oct 2017 06:31:32 GMT

StatPro showing sure touch in acquisitions policy

Wed, 02 Aug 2017 12:19:25 GMT

StatPro Group seals £11mln earnings enhancing UBS Delta acquisition

Fri, 07 Apr 2017 06:45:47 GMT

StatPro bags three-year contract down under

Mon, 31 Jul 2017 06:58:44 GMT

StatPro trading in line; integration of UBS Delta going well

Mon, 17 Jul 2017 07:14:03 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 58.7 15.7
2016A 37.5 5.1 2.7 3.5 43.6 13.4
2017E 48.9 7.0 4.2 5.0 30.5 8.5
2018E 57.3 8.9 6.1 7.2 21.2 6.9

Last updated on 18/09/2017

Investment summary

StatPro reported healthy interims with revenue up 23%, including 2% organic growth. Annualised recurring revenue (ARR) rose by 47% to £53.2m as at 30 June, boosted by the acquisition of UBS Delta in April. Adjusted EBITDA jumped by 35% to £2.8m as the margin expanded by 120bp to 12.9%, reflecting the increased scale of the business. Momentum has continued since the H1 results, with two contract extensions – a $1m 2.5-year deal to migrate a major Singapore-based asset manager from Seven to Revolution and a two-year extension with a large European asset manager for Delta, worth £1.5m. In the latter announcement, StatPro said it was making rapid progress with its plans to reach functional parity between Delta and Revolution. We continue to see strong upside potential, given the significant valuation disparity between StatPro and its US-listed financial software peers.

Last updated on 03/10/2017

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 03/10/2017

Key management

Justin Wheatley, CEO
Andrew Fabian , FD

Company address

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