Utilitywise (UTW)

Business description

Utilitywise is an independent cost management consultancy offering energy procurement and management products to the business market.

Stock data

Market cap.£41.6m
Last close53.00p
High / Low (52 weeks)202.0p / 48.0p
Stock market listingLN
Forecast net debt (£m)20.1
Forecast gearing ratio (%)43
SectorIndustrial Support Services

Price performance

Relative *(24.01)(23.18)(61.72)

* % Relative to local index

Other companies in sector Show

Company news

Utilitywise plunges on big commission repayment due to energy contracts under ...

Thu, 29 Jun 2017 09:48:42 GMT

Utilitywise slumps on profit warning as it adopts new accounting policy

Mon, 31 Jul 2017 09:14:04 GMT

Is Utilitywise plc a falling knife to catch after plunging 40% today?

Mon, 31 Jul 2017 10:41:15 GMT

How Financially Strong Is Utilitywise Plc (AIM:UTW)?

Thu, 14 Sep 2017 16:41:15 GMT

Should You Buy Utilitywise Plc (AIM:UTW)?

Tue, 29 Aug 2017 17:03:45 GMT

Y/E Jul Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2015A N/A N/A N/A N/A N/A N/A
2016A 84.4 18.3 17.7 19.3 2.7 3.0
2017E 83.3 7.0 5.8 6.9 7.7 N/A
2018E 92.5 9.9 8.4 9.1 5.8 4.6

Last updated on 13/09/2017

Investment summary

Following the trading statement on 31 July, we updated our UTW forecasts. For FY17, (to be presented using IAS 18), we assumed an additional exceptional charge related to nominated contract volumes, a reduction in revenues to reflect the same issue, as a well as a slippage in signing renewals contracts. We also assumed no final dividend payment for FY17 and no dividend for FY18. We also updated our FY18 forecasts (using IFRS 15), reducing revenue projections by c £11m. A second trading update (issued on 24 August) indicated, however, that FY17 group revenue would be c 3% higher than FY16 (FY17 c £87m vs our £83.3m) and FY17 adjusted PBT 40% down on FY16 (£10.6m vs our £5.8m). In light of the second statement, our forecasts now appear conservative and remain under review. However, following recent falls the rating of the shares appears undemanding.

Last updated on 03/10/2017

Industry outlook

We believe a fragmented UK TPI market provides an opportunity for Utilitywise to continue to grow.

Last updated on 03/10/2017

Key management

Geoff Thompson, Chairman
Brendan Flattery , CEO
Richard Laker, CFO

Company address

Utilitywise House
30-31 Long Row
Market Dock
South Shields, Tyne & Wear
NE33 1JA
United Kingdom
0870 626 0559
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