ATTURRA LIMITED (ATA)
Share Price Analysis and Chart

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15/10/2024

1

Buy, High Risk

$1.40

52.17%

While FY25 guidance already implies a step up in organic growth to 9% from 6% in FY24, Shaw and Partners highlights further upside as Gen-AI moves from the experimentation phase to mainstream adoption over time.

Revenue growth for global peers like Accenture are already starting to accelerate, highlight the analysts, noting Accenture's stock price tends to correlate with the Atturra share price.

The Buy, High Risk rating and $1.40 target are retained.

FORECAST
Shaw and Partners forecasts a full year FY25 dividend of 0.00 cents and EPS of 5.40 cents.
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of 6.00 cents.

18/11/2024

1

Buy

$1.31

42.39%

Atturra recently hosted its first investor day, announcing three potential acquisitions and a capital raise to support its inorganic growth strategy, Moelis highlights.

The broker states these acquisitions could add over 1,000 clients, expand the company's  presence in A&NZ, enhance revenue quality, and be immediately accretive to EPS in FY25.

The acquisitions, valued at approximately $45m, will be funded by a $70.5m placement and a $6.1m share purchase plan. Management pointed to expected FY25 benefits including $22m-$30m in revenue and $3.0m-$3.5m EBITDA.

Buy rated with a target price of $1.31 with possible re-rating potential from successful integration of the acquisitions, the broker suggests.

FORECAST
Moelis forecasts a full year FY25 dividend of 0.00 cents and EPS of 5.40 cents.
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 6.80 cents.