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.
Geospatial industry is expected to grow at a double-digit rate, as advances in data capture, processing and analytics provide ever more detailed insights into the world around us. Adoption in 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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Andy Roberts
Chairman
Claire Milverton
CEO
Stuart Ritchie
CFO
Forecast net cash (£m)
1.1
Forecast gearing ratio (%)
N/A
% | 1M | 3M | 12M |
---|---|---|---|
Actual | (10.5) | 16.2 | 28.3 |
Relative | (9.4) | 12.2 | 15.9 |
52 week high/low | 76.0p/45.5p |
1Spatial’s announcement of contract wins in the US, spanning a number of products across several states, highlights the company’s progress and opportunity in the world’s largest market for software. It also gives an early indication that management’s investment in strengthening the US business development team could yield good results. In the US 1Spatial now has contracts or framework agreements with 21 states, up from 18 at year-end, with management setting a longer-term ambition of generating $1m in annual recurring revenues from each state.
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 | 56.7 | 16.4 |
2024A | 32.3 | 5.5 | 2.1 | 1.40 | 48.6 | 17.3 |
2025E | 35.8 | 5.7 | 2.1 | 1.37 | 49.6 | 14.1 |
2026E | 38.7 | 7.6 | 3.8 | 2.54 | 26.8 | 9.9 |