4 Microcap Stocks Under the Scanner – BIQ, UBI, ALC and ACF

  • Sep 11, 2018 AEST
  • Team Kalkine
4 Microcap Stocks Under the Scanner – BIQ, UBI, ALC and ACF

Microcap are the companies with market capitalization in between $50 million to $300 million, they usually follow the high-risk high-return strategy. It is about discovering the right opportunities and investing in companies at bargain price. Here are few of the micro-cap stocks discussed under the scanner.

BuildingIQ Inc (ASX: BIQ) – An information technology company reported for the period 1H FY 2018, a 72% increase in revenue from ordinary activities to A$ 3.66 million with 43% increase in cash inflow over the 1H FY 17. The company also posted healthy growth across all sectors and geographies. As compared to the prior corresponding period in 1H FY 17 $2.175 million in cash and cash equivalents the company reported $4.59 million in 1H FY 2018 and with zero debt company represented a strong balance sheet. Although EBITDA improved by 21% the company suffered a loss of A$1.48 million. As at September 10, 2018, the stock went up at a market price of $0.055 with a percentage change of 1.852%. In the last one year, the stock has noted a performance change of 18.17%. The company has a negative EPS of -0.025 AUD which could impact the earnings soon. The current market capitalization is of $12.72 million.

Universal Biosensors Inc. (ASX: UBI) – It is a health care company with the total revenue was positive but was down at $13.5 million in 1H 2018 from $14.3 million in 1H 2017. Similarly, the EBITDA was also down to $1.7 million in 1H 18 from $4.9 million in the prior corresponding period. Resultantly, the NPAT also went down at ($0.5 million) in 1H 2018 from $2.5 million in 1H 2017. The company however, had a net cash of $11.0 million which is up from $3.9 million in the prior corresponding period. As at June 30, 2018, the company had a total debt of A$ 20.2 million. As at September 10, 2018, the stock went up at a market price of $0.245 with a percentage change of 6.522%. In the last one year, the stock has noted a performance change of -41.03%. The company has a negative EPS of -0.021 AUD which impacts the earning potential in the near time as can be seen in company financials. The current market capitalization is of $40.71 million. 

Alcidion Group Limited (ASX: ALC) – Another health care company which has an enterprise value of $37.4 million with net cash of $2.9 million as at the end of financial year June 30, 2018, has reported decent financials. The company reported on a pro-forma basis revenue to be more than $13 million based on FY2017 financials. The revenue as at FY 18 is $3.1 million making the gross profit for the company to close at $2.9 million. With a smoother quarterly cash flow profile given the significantly enhanced group operations and diversified client base company expects to improve its operating cash flows. As at September 10, 2018, the stock went up at a market price of $0.046 with a flat change. In the last one year, the stock has noted a performance change of -14.81%. With negative EPS of -0.003 AUD the earnings might get affected. The current market capitalization is of $37.06 million.

Acrow Formwork and Construction Services Limited (ASX: ACF) – This is an industrial sector company and the underlying business of capital goods has performed very strongly, following Acrow’s successful listing, achieving EBITDA growth of 21% over prior corresponding period at $10.8 million. Since 2013 i.e. in past five years the revenue of the company was highest at $65.3 million. The company had a strong operating cash profit of $9.0 million, and it has increased operating cash profit from $1.0 million in FY15. The closing cash balance of $4.9 million with balance sheet represent a no debt status. With this the company also declared a maiden dividend of 0.5 cents payable at October 22, 2018. As at September 10, 2018, the stock spiked up at a market price of $0.485 near its 52-week high. In the last one year, the stock has noted a staggering performance change of 84.31%. The P/E of the stock is 2.440 and EPS is 0.193 AUD which is a strong performance indicator when compared to the peers. The current market capitalization is of $82.47 million.

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