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Additional Information
Market: AIM
Sector: Software & Computer Services
EPIC: SOG
Latest Price: 81.00p  (0,00%)
52-week High: 132.00p
52-week Low: 74.50p
Market Cap: 49.68M
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StatPro
www.statpro.com

StatPro provides portfolio analytics services for asset management firms. With hundreds of clients worldwide, StatPro is one of the leading companies in its field. Its business model is to charge annual subscription fees, typically on three year contracts. This provides stable and growing revenues and profits allowing StatPro to invest heavily in new technology: over 30% of StatPro’s staff work in R&D.

The latest innovation from StatPro is a new “Software as a Service” product aimed at the vast market of smaller asset managers which offers performance and risk analytics for a fraction of the usual price.

Visit Statpro’s Investor Centre for key financial data and company information of value to an analyst, shareholder or potential investor here

 

Full StatPro profile here
Pdf

Analysts upgrade StatPro forecasts following strong FY09 results

10th Mar 2010, 12:26 pm Analysts upgrade StatPro forecasts following strong FY09 results

In response to StatPro’s (AIM: SOG) strong full-year sresults, in which the software company reported a 48% increase in pre-tax profit, a number of analysts have upgraded their guidance for the current financial year. Both Edison Investment Research and Cenkos Securities provided a marginal upgrade for the FY2010, before considering the potential upside provided by the two new SaaS (Software as a Service) products StatPro Seven and StatPro Revolution.

In a note to investors, Edison Investment Research said it forecasts 4.5% revenue growth in 2010, and a further 3.0% in 2011, which translates into normalised pre-tax profits of £7.7m and £8.8m respectively. Based on these forecasts, Edison values the company at 142p per share.

However the valuation does not consider the impact of the potential impact of the successful launch of StatPro Revolution, which Edison believes could add approximately 50% upside to financial projections and valuation in the medium term.

Similarly Cenkos Securities issued a note saying that the company’s performance provides a strong backdrop for continued growth during FY10, and it has therefore upgraded its revenue estimate by 2%, and adjusted EPS (earnings per share) by 1% to 9.5p.

Importantly Cenkos, like Edison, also believes that StatPro will gain further impetus from the new StatPro Seven and StatPro Revolution products. According to the broker the new SaaS products will drive more significant upgrades as the take-up becomes clearer. Cenkos concluded by saying that it is confident that StatPro will achieve the broker’s FY10 and FY11 estimates and it believes that there are several potential catalysts to upgrade these estimates.

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