2 Tech Shares - ALU, BVS

  • Apr 13, 2019 AEST
  • Team Kalkine
2 Tech Shares - ALU, BVS

Let us look at two IT stocks with their financial and stock performance:

Altium Limited

Altium Limited (ASX: ALU), started in 1985 as Protel Sytems Pty Ltd. It is one of the leading IT players in Australia. It has a rich history and is one of the first one involved in the Printed Circuit Board (PCB) design tools. The company’s flagship offering is known for its native 3D (PCB) Computer Aided Design.

Recently, the company declared is half yearly results for FY2019. The 1H FY2019 financial metrics of Altium remained strong. During the period, the company reported strong revenue growth of 24% to $78.1 million and net profit growth of 58% to $23.4 million. During the period, there was an increase in the subscriber base by 9% to 39,179. The Altium Designer seats increased by 34%. The EPS went up by 57% to 18 cents per share. The company declared an interim dividend of 16 cents per share. EBITDA margin was recorded as 36.3%.

The significant achievements of the company in 1H FY2019 was driven by the Core PCB, which delivered 17% of the revenue growth. The other significant achievement included the record growth in China with 49% revenue growth followed by opening an office in Beijing in the second half of FY2019. Octopart also gave an outstanding performance (80% revenue growth). TASKING delivered revenue growth of 35%. The company also released Altium Designer 19 and introduced Altium 365.

In the last six months, the stock has generated a return of 25.48%. An improvement was seen in the share price in YTD performance of the stock as it gave a return of 44.93%.

By the closure of the market on 12 April 2019, the closing price of the stock was A$32.690, up by 1.4% as compared to its closing price. The company has a market capitalization of A$4.021 billion and approximately 130.51 million outstanding shares and a PE ratio of 64.7x.

Bravura Solutions Limited

Bravura Solutions Limited (ASX: BVS), is a company that forms a part of the IT sector. It is the provider of software products as well as the services to clients operating in the wealth management and funds administration industries. These software products and services support the functions needed to manage as well as administer financial products.

On 27 February 2019, Bravura Solutions declared its 1H FY2019 results, where the Group’s revenue increased by 24% to A$127.4 million. The net profit after tax increased by 15% to A$16.3 million and declared an interim unfranked dividend of 5.3 cents per share.

The company recently reported NAB becoming its substantial holder, effective 3 April, with 11,166,813 securities and 5.207% ownership. Also, Blackrock became company’s substantial holder, effective 29 March, with 10,731,433 securities and 5% voting power.

In the last six months, the stock has generated a return of 34.27%. The stock has offered a decent YTD return of 38.16% as on 11 April 2019.

By the closure of the market on April 12, 2019, the stock of Bravura Solutions was trading at $5.39, up by 2.77% with the market capitalization of approximately $1.13 billion. Its current PE multiple is at 37.61x.


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