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Highlights
- SDI Group is a healthcare company involved in designing and manufacturing scientific and technology products for use in digital imaging and sensing and control application.
- Recent acquisitions by the company have contributed significantly to the overall growth of the firm.
- The revenue of the firm increased by 28.3% during H1 FY23 on pcp.
SDI Group is an FTSE AIM All-Share index listed company involved in designing and manufacturing scientific and technology products for use in digital imaging and sensing and control application.
The major businesses acquired by the company in 2022 have contributed significantly to the overall growth of the firm. This includes Fraser Anti-Static Techniques (October 2022), LTE Scientific (July 2022), Safelab Systems (March 2022) and Scientific Vacuum Systems (January 2022).
For the first half of the fiscal year 2023, the group witnessed a rise of about 15% in its basic earnings per share, while the adjusted group profit before tax surged by 14.0% year-on-year (YoY).
The revenue of the firm increased by 28.3% from GBP 24.7 million in H1 FY23 to GBP 31.7 million in H1 FY23 as compared to the previous corresponding period, due to 3.8% organic growth and 24.5% from acquisitions.
On grounds of a profitable FY23, the company is expecting to achieve an improved top-line business in FY24. The revenue may grow to £69.0 million in FY23 from £49.7 million during FY22, says the company.
For achieving the set targets in FY24, the group will continue to make significant investments to develop its current businesses and to acquire complementary businesses, following its buy and build strategy.
Top 10 shareholders
Over 55% of the total shareholdings in the company are held by the top 10 shareholders collectively. While Berenberg Bank (Asset Management) holds the maximum number of shares with near about 9.28% shareholding, the Danske Bank Asset Management has over 7.99% shareholding in the firm.
Stock Price Performance
There has been a fall of about 16.67% in the company’s stock price in the last one month, while it has declined by more than 16.13% in the last six months. SDI’s 52-week low and 52-week high stock price stands at GBX 124.53 and GBX 204.00, respectively. It is currently trading below the average of 52-week high-low.
Data Source: REFINITIV, Analysis done by Kalkine Group
Please note markets are trading in a highly volatile zone currently due to certain macro-economic and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 18 July 2023. The reference data in this report has been partly sourced from REFINITIV.
