Bytes Technology Group PLC
LSE:BYIT
Intrinsic Value
Bytes Technology Group Plc provides IT software offerings and solutions, with a focus on cloud and security products. [ Read More ]
The intrinsic value of one
BYIT
stock under the Base Case scenario is
490.21
GBX.
Compared to the current market price of 485.8 GBX,
Bytes Technology Group PLC
is
Undervalued by 1%.
Bytes Technology Group PLC's market capitalization is 1.2B GBX.
BYIT stock price is 485.8 GBX.
BYIT stock price (485.8 GBX) is 1% less than its Intrinsic Value (490.21 GBX).
BYIT stock price (485.8 GBX) is 14% less than its Relative Value (565.28 GBX). Open Relative Valuation
BYIT has upside potential of 37% compared to the average analyst price target.
Open Wall St Estimates
BYIT's short-term assets (246m GBP) exceed its short-term liabilties (241m GBP).
BYIT has positive Net Income for the last twelve months.
BYIT's long-term assets (303m GBP) exceed its long-term liabilties (243m GBP).
BYIT's Revenue is forecast to grow at a rate of 14% per year over the next 3 years.
BYIT has positive Operating Income for the last twelve months.
BYIT's ROIC (Return on Invested Capital) has significantly decreased in the last 3 years from 60% to 49%.
BYIT's Revenue has dropped by 25% over the past 12 months.
BYIT's ROE (Return on Equity) has significantly decreased in the last 3 years from 119% to 83%.
BYIT's ROIC (Return on Invested Capital) for the past 12 months is very high and is equal to 49%.
BYIT's ROE (Return on Equity) for the past 12 months is very high and is equal to 83%.
BYIT has positive Free Cash Flow for the last twelve months.
BYIT has positive Gross Profit for the last twelve months.
BYIT's Altman Z-Score is very low and is equal to 1.27.
BYIT's D/E (Debt to Equity) is very low and is equal to 0.02.
BYIT has very high three-year average ROE (Return on Equity): 86%. The company is very efficient at transforming stockholders' equity into net income.
BYIT has very high three-year average ROIC (Return on Invested Capital): 56%. The company is very efficient at using invested capital to generate operating income.
BYIT has negative Net Debt. This means that the company has more cash and short-term investments (52m GBP) than debt (1m GBP).
BYIT earns more than enough operating income (54m GBP) to safely cover interest payments on its debt (410k GBP).
Valuation Backtest
Bytes Technology Group PLC
Run backtest to discover the historical profit from buying and selling
BYIT
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Bytes Technology Group PLC
Balance Sheet Decomposition
Bytes Technology Group PLC
| Current Assets | 245.9m |
| Cash & Short-Term Investments | 51.7m |
| Receivables | 191.3m |
| Other Current Assets | 2.9m |
| Non-Current Assets | 57.5m |
| Long-Term Investments | 3.1m |
| PP&E | 9.8m |
| Intangibles | 41.1m |
| Other Non-Current Assets | 3.5m |
| Current Liabilities | 240.6m |
| Accounts Payable | 172.4m |
| Accrued Liabilities | 50.5m |
| Other Current Liabilities | 17.7m |
| Non-Current Liabilities | 2.7m |
| Long-Term Debt | 1.2m |
| Other Non-Current Liabilities | 1.6m |
Earnings Waterfall
Bytes Technology Group PLC
|
Revenue
|
199.6m
GBP
|
|
Cost of Revenue
|
-60.2m
GBP
|
|
Gross Profit
|
139.4m
GBP
|
|
Operating Expenses
|
-85.2m
GBP
|
|
Operating Income
|
54.2m
GBP
|
|
Other Expenses
|
-10.1m
GBP
|
|
Net Income
|
44.1m
GBP
|
Free Cash Flow Analysis
Bytes Technology Group PLC
What is Free Cash Flow?
BYIT Profitability Score
Profitability Due Diligence
Bytes Technology Group PLC's profitability score is 74/100. The higher the profitability score, the more profitable the company is.
Score
Bytes Technology Group PLC's profitability score is 74/100. The higher the profitability score, the more profitable the company is.
BYIT Solvency Score
Solvency Due Diligence
Bytes Technology Group PLC's solvency score is 71/100. The higher the solvency score, the more solvent the company is.
Score
Bytes Technology Group PLC's solvency score is 71/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
BYIT Price Targets Summary
Bytes Technology Group PLC
According to Wall Street analysts, the average 1-year price target for
BYIT
is 663.38 GBX
with a low forecast of 565.6 GBX and a high forecast of 840 GBX.
Shareholder Return
BYIT Price
Bytes Technology Group PLC
| Average Annual Return | 13.52% |
| Standard Deviation of Annual Returns | 50.32% |
| Max Drawdown | -27% |
| Market Capitalization | 1.2B GBX |
| Shares Outstanding | 240 357 000 |
| Percentage of Shares Shorted | 51% |
Company Profile
Bytes Technology Group PLC
Country
Industry
Market Cap
Dividend Yield
Description
Bytes Technology Group Plc provides IT software offerings and solutions, with a focus on cloud and security products. The company is headquartered in Leatherhead, Surrey and currently employs 685 full-time employees. The company went IPO on 2020-12-11. The firm enables technology sourcing, adoption, and management across software services, including in the areas of security and cloud. Its portfolio of services includes cloud, security, licensing, storage, virtualization and managed services. The firm comprises two brands: Bytes Software Services (BSS) and Phoenix Software (Phoenix). Bytes Software Services customer base is made up of both private sector customers and public sector customers, whilst Phoenix's focus is exclusively on public sector customers. Its services also includes software services, datacenter services, data management services, deployment services and end user computing. The firm provides support to a range of industries, including professional services, manufacturing, retail, central and local government, and technology.
Contact
IPO
Employees
Officers
The intrinsic value of one
BYIT
stock under the Base Case scenario is
490.21
GBX.
Compared to the current market price of 485.8 GBX,
Bytes Technology Group PLC
is
Undervalued by 1%.
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