1Spatial (AIM: SPA)

Last close As at 23/11/2024

GBP0.67

0.00 (0.00%)

Market capitalisation

GBP76m

1Spatial’s core technology validates, rectifies and enhances customers’ geospatial data. Its software and advisory services reduce the need for costly manual checking and correcting of data. 1Spatial’s SaaS products use the core technology to solve significant workflow bottlenecks, such as the creation of traffic management plans and validating data.

The geospatial industry is expected to grow at a double-digit rate, as advances in data capture, processing and analytics provide ever more detailed insights. Adoption is accelerating in more mainstream verticals and for the right solutions, the return on investment can be direct, measurable and strong. The UK market opportunity for 1Streetworks is estimated at £400m, with management targeting 10% market share in five years.

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Sector

TMT

Equity Analyst

Dan Ridsdale

Head of Technology

Key Management

  • Andy Roberts

    Chairman

  • Claire Milverton

    CEO

  • Stuart Ritchie

    CFO

Balance Sheet

Forecast net cash (£m)

1.1

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 0.0 0.8 39.6
Relative 3.2 4.0 28.9
52 week high/low 76.0p/46.0p

Financials

1Spatial has announced the completion of a landmark deal for its key 1Streetworks application. Originally highlighted at the interims, the company has now revealed the client to be Surrey County Council. The deal is encouraging for two reasons. Firstly, the size of the deal (£1m over 12 months) indicates that the potential opportunity for this product is large. Secondly, the council’s plan to use the product as a collaboration tool with contractors and utility companies should help stimulate wider adoption within the industry.

Y/E Jan Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2023A 30.0 5.0 1.8 1.20 55.8 16.2
2024A 32.3 5.5 2.1 1.40 47.9 17.1
2025E 35.8 5.7 2.1 1.36 49.3 13.9
2026E 38.7 7.6 3.8 2.53 26.5 9.8

Thematics

thematic

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MediaWatch – One step forward, two steps back

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MediaWatch – Encouragements and frustrations

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MediaWatch – Glimpses of positivity

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MediaWatch – Rinse and repeat

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