Newmark Security: Clocking on
Newmark Security (AIM:NWT) specialises in products and services in the security and data sectors. The company has two operating divisions:
1) People & Data Management consists of two sub-segments – Human Capital Management and Access Control
The Human Capital Management (HCM) segment provides edge devices, also known as timeclocks, for time and attendance capture and general workforce management applications. This business segment has achieved strong revenue growth in recent years, and we argue this could be the main driver of financial performance for the group in the coming years. Human Capital Management now represents 49% of group revenues.
The timeclock is an essential piece of apparatus in a wide variety of workplace environments. Newmark has developed a high quality and highly flexible suite of timeclock solutions, backed by a responsive customer service capability. This has resulted in substantial market share gains in recent years. In the US in particular Newmark has achieved a sevenfold increase in revenues over three years.
The Human Capital Management (HCM) business also has further opportunity to increase value capture via a software-as-a-service (SaaS) offering of hardware and software that is being rolled out. We examine the HCM business in detail in this report.
The other segment within People and Data Management is Access Control. This business has a strong market position in electronic building entry systems. During the last year, Access Control benefited from new product launches and remains well-positioned for future growth.
2) Physical Security Solutions:
The Physical Security Solutions division provides security products and services for a global customer base. Newmark operates under the Safetell brand, which is a trusted name in safety-critical applications, with customers including government agencies and major global corporations.
Quick facts: Newmark Security PLC
Price: 0.925 GBX
Market Cap: £4.34 m
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