Bytes Technology Group PLC
LSE:BYIT
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Bytes Technology Group PLC
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
531.72
GBX.
Compared to the current market price of 489.8 GBX,
Bytes Technology Group PLC
is
Undervalued by 8%.
Bytes Technology Group PLC's market capitalization is 1.2B GBX.
BYIT stock price is 489.8 GBX.
BYIT stock price (489.8 GBX) is 8% less than its Intrinsic Value (531.72 GBX).
BYIT stock price (489.8 GBX) is 21% less than its Relative Value (618.22 GBX). Open Relative Valuation
BYIT has upside potential of 34% compared to the average analyst price target.
Open Wall St Estimates
BYIT's short-term assets (322m GBP) exceed its short-term liabilties (298m GBP).
BYIT's Revenue has grown by 12% over the past 12 months.
BYIT has positive Net Income for the last twelve months.
BYIT's long-term assets (380m GBP) exceed its long-term liabilties (301m GBP).
BYIT's Revenue is forecast to grow at a rate of 13% per year over the next 3 years.
BYIT's ROIC (Return on Invested Capital) has significantly increased in the last 3 years from 60% to 71%.
BYIT has positive Operating Income for the last twelve months.
BYIT's ROE (Return on Equity) has significantly decreased in the last 3 years from 119% to 67%.
BYIT's ROE (Return on Equity) for the past 12 months is very high and is equal to 67%.
BYIT's ROIC (Return on Invested Capital) for the past 12 months is very high and is equal to 71%.
BYIT's Revenue has been falling by 19% per year for the last 3 years.
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 1.45.
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): 84%. The company is very efficient at transforming stockholders' equity into net income.
BYIT has very high three-year average ROIC (Return on Invested Capital): 58%. 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 (89m GBP) than debt (1m GBP).
BYIT earns more than enough operating income (57m GBP) to safely cover interest payments on its debt (330k 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 Reports Surge in Sales and Profits
Earnings Call Summary
Bytes Technologies has achieved remarkable growth, surpassing GBP 1 billion in sales for the first time in a six-month period, up nearly 38%, driven by strategic contract wins. With a key win being a 5-year NHS contract, public sector Gross Invoiced Income (GII) grew 44% to GBP 722 million, contrasting a 25.7% rise in the corporate sector to GBP 360 million. The company also invested in their workforce, increasing headcount by 10%, and distributed a 12.5% higher interim dividend of 2.7p per share. Despite a shift to lower upfront margins for strategic gains, which lead gross profit to lag behind GII growth at a 15% increase, the overall progress outlines a sustained growth trajectory and robust financial health.
Balance Sheet Decomposition
Bytes Technology Group PLC
| Current Assets | 322.5m |
| Cash & Short-Term Investments | 88.8m |
| Receivables | 233.6m |
| Other Current Assets | 60k |
| Non-Current Assets | 57.3m |
| Long-Term Investments | 3.2m |
| PP&E | 9.9m |
| Intangibles | 40.6m |
| Other Non-Current Assets | 3.5m |
| Current Liabilities | 297.9m |
| Accounts Payable | 277.9m |
| Other Current Liabilities | 20m |
| Non-Current Liabilities | 3.5m |
| Long-Term Debt | 1.3m |
| Other Non-Current Liabilities | 2.1m |
Earnings Waterfall
Bytes Technology Group PLC
|
Revenue
|
207m
GBP
|
|
Cost of Revenue
|
-61.2m
GBP
|
|
Gross Profit
|
145.8m
GBP
|
|
Operating Expenses
|
-88.9m
GBP
|
|
Operating Income
|
56.8m
GBP
|
|
Other Expenses
|
-10m
GBP
|
|
Net Income
|
46.9m
GBP
|
Free Cash Flow Analysis
Bytes Technology Group PLC
| GBP | |
| Free Cash Flow | GBP |
BYIT Profitability Score
Profitability Due Diligence
Bytes Technology Group PLC's profitability score is 75/100. The higher the profitability score, the more profitable the company is.
Score
Bytes Technology Group PLC's profitability score is 75/100. 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 72/100. The higher the solvency score, the more solvent the company is.
Score
Bytes Technology Group PLC's solvency score is 72/100. 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 655.1 GBX
with a low forecast of 565.6 GBX and a high forecast of 766.5 GBX.
Click here to dive deeper.
Price Appreciation
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 | 240 393 000 |
| 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
531.72
GBX.
Compared to the current market price of 489.8 GBX,
Bytes Technology Group PLC
is
Undervalued by 8%.
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