Inspired PLC (AIM:INSE)’s recent results were ahead of forecasts, according to house broker Liberum, which highlights four points to note going forward.
First, the business has evolved from a Third-Party Intermediary (TPI) in the energy market to a technology-enabled services provider.
Second, synergies between divisions help to cross-sell and make Inspired uniquely qualified to help with both sides of the energy equation (cost + consumption).
Third, underlying profit is expected to double in five years, while finally the importance of Energy Assurance profits is declining and boosting earnings quality.
A 2024 price-to-earnings ratio of 4.6 times is attractive given the growth, added the broker, which has a price target of 200p.