ADACEL TECHNOLOGIES LIMITED (ADA)
Share Price Analysis and Chart

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ADA - ADACEL TECHNOLOGIES LIMITED

FNArena Sector : Software & Services
Year End: June
GICS Industry Group : Software & Services
Debt/EBITDA: 2.07
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.685

16 Apr
2024

-0.010

OPEN

$0.70

-1.44%

HIGH

$0.70

5,790

LOW

$0.69

TARGET
$0.80 16.8% upside
Franking for last dividend paid out: 0%
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FNARENA'S MARKET CONSENSUS FORECASTS
ADA: 1
Title FY24
Forecast
FY25
Forecast
EPS (cps) - 4.7 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio N/A xxx
Dividend Yield 0.0% xxx
Div Pay Ratio(%) N/A xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 3.30%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

4.29

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 31/08 - ex-div 1.5c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-0.2
DPS All xxxxxxxxxxxxxxx3.0
Sales/Revenue xxxxxxxxxxxxxxx40.5 M
Book Value Per Share xxxxxxxxxxxxxxx21.3
Net Operating Cash Flow xxxxxxxxxxxxxxx5.5 M
Net Profit Margin xxxxxxxxxxxxxxx-0.28 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-0.63 %
Return on Invested Capital xxxxxxxxxxxxxxx-0.51 %
Return on Assets xxxxxxxxxxxxxxx-0.30 %
Return on Equity xxxxxxxxxxxxxxx-0.63 %
Return on Total Capital xxxxxxxxxxxxxxx0.73 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx1.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx4 M
Total Debt xxxxxxxxxxxxxxx6 M
Goodwill - Gross xxxxxxxxxxxxxxx3 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1 M
Price To Book Value xxxxxxxxxxxxxxx2.59

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx1.9 M
Capex % of Sales xxxxxxxxxxxxxxx4.59 %
Cost of Goods Sold xxxxxxxxxxxxxxx37 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx3 M
Research & Development xxxxxxxxxxxxxxx1 M
Investments - Total xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

21/02/2024

1

Buy

$0.80

16.79%

As per Bell Potter, Adacel Technologies delivered a beat at the revenue line but a miss on earnings in the first half. The company reported revenue of US$13.6m, and a loss of -US$1.1m.

The broker had anticipated a positive profit result, and explains the discrepancy as a result of delays in ramping up recent contract wins. Bell Potter also points out cash flow was unexpectedly negative.

While the second half revenue result should benefit from an uplift from a new US Federal Aviation Administration contract, the company has lowered its full year guidance to a loss of -US$1.8-2.0m, implying a second half result only slightly better than the first.

The company has stated it has secured a contract pipeline providing a strong baseline of recurring revenue from FY25.

The Buy rating is retained and the target price decreases to 80 cents from 90 cents.

FORECAST
Bell Potter forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -4.72 cents.
Bell Potter forecasts a full year FY25 dividend of 0.50 cents and EPS of 2.28 cents.

ADA STOCK CHART