3 Tech Shares- WTC, ALU And XRO

  • Jan 09, 2019 AEDT
  • Team Kalkine
3 Tech Shares- WTC, ALU And XRO

Wisetech Global Limited (ASX: WTC) designs and develops cloud-based logistics software solutions. With worldwide operations, the Company offers forwarding, customs clearance, liner and agency, warehousing, and land transport solutions.

The revenue for the financial year 2018 grew by a robust 44% over the FY 2017. The company has also been successfully cutting down its sales and marketing expenses which stood at around 10% of the revenue.

As per the guidance released by the company for FY 2019, revenue is expected to clock at around $320-$333 million, marking a growth of 44-50% on the FY 2018 numbers. Also, the company is expecting an EBITDA of $102-107 million in FY2019, which would reflect a growth of 31-37 % on a YoY basis.

Meanwhile, the stock price of the company has risen by 10.52 % in the past six months. The company’s shares last traded at $18.50, up by 2.949 % with a market capitalization of circa $5.41 billion as on 9 January 2019. The stock performance was in sync with the S&P/ASX 200 Information Technology (Sector) which rose 2.33% for the day.

Due to the strong EBITDA growth and revenue expansion the market participants are keeping a close watch on the stock.

Altium Limited (ASX: ALU) develops electronic design automation (EDA) software for the Microsoft Windows operating system. Altium's products facilitate and aid in the design of electronic products such as printed circuit boards. The Group's products are utilized by telecommunications, automotive, Défense, science and consumer electronics industries.

The company has lately released its annual financial report for FY 2018. The company has achieved a revenue expansion of 26% on a YoY basis and the revenue stood at US$140 Mn for the financial year. This growth was driven by an increase of 15% in the ‘Altium Designer’ new seat sales and a growth of 10% in the customer subscription pool. This growth is in accordance with the growth targets set by the management to achieve a revenue target of $200 Mn by the year 2020. In addition, the EBITDA margins were recorded at 32% for the year. This was on the back of improved performance of the Altium Designer transactional sales engine.

Meanwhile, the stock price of the company has risen by a marginal 0.14 percent in the past six months as on 8 January 2019. The company’s shares last traded at $22.57, up by 3.106 % in sync with the S&P/ASX 200 Information Technology (Sector) which rose 2.33% for the day. The company has a market capitalization of circa $2.86 Bn as on 9 January 2019.

Due to the strong EBIDTA margins exhibited by the company, it is gaining traction among investors.

Xero Limited (ASX: XRO) offers an online accounting system. The software features bank transaction importing, a cashbook, a general ledger, invoicing, accounts receivable, accounts payable, financial reporting, and management of expense claims.

For the 1H 2019, the company’s top line has expanded by 37% on a YoY basis. This expansion was on account of subscriber’s growth & the rise in the ARPU, which has increased by 6% on PCP. The company’s EBITDA saw a growth of 7% on a YoY basis and stood at $16.80 Mn for the 1H 2019. This was on the back of stable ARPU’s.

Meanwhile, the stock price of the company has fallen by a marginal 4.41 percent in the past six months as on 8 January 2019. The company’s shares last traded at $43.50, down by 0.046 % with a market capitalization of circa $6.12 Bn as on 9 January 2019.


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