nearmap Limited (NEA)
Views and News
Essentials
Commercialising its top quality aerial photo-mapping system
Half-year Performance & Estimates - NEA
| Year-end June | 1H12A | FY12A | 1H13A | FY13A | 1H14A | FY14E | FY15E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 2.7 | 5.7 | 4.0 | 11.0 | 7.9 | 17.0 | 20.0 |
| EBITDA, $m | -3.1 | -6.0 | -1.7 | 1.1 | 1.5 | 4.9 | 6.0 |
| EBIT, $m | -4.1 | -8.3 | -3.0 | -1.3 | 0.55 | 2.8 | 4.3 |
| Report NPAT, $m | -3.9 | -8.1 | -3.0 | -1.1 | 0.78 | ||
| Adj. NPAT, $m | 0.78 | 3.2 | 3.6 | ||||
| Reported EPS, ¢ | -1.00 | -3.00 | -1.00 | 0.00 | 0.00 | ||
| Adjusted EPS, ¢ | 0.00 | 1.00 | 1.10 | ||||
| EPS %FY/Growth | 33% | ****% | -100% | -100% | ****% | 10% | |
| Dividend, ¢ | 0 | 0 | 0 | 0 | 0 | 0.00 | 0.00 |
| Franking, % | - | - | - | - | - | - | - |
| EBITDA Margin | 0 | -1.04 | -43% | 10% | 20% | 28.8% | 30.0% |
| NPAT Margin | 0 | -1.42 | -73% | -9% | 10% | 18.8% | 18.0% |
| ROE, % | 0 | -69% | -33% | -9% | 6% | ||
| EBIT/Interest | 0.0 | 51.2 | 35.8 | 4.8 | -2.33 | ||
| Net Debt / Equity | 0 | -0.46 | -0.63 | -1.22 | -1.35 | ||
| CashFlow/Sh, ¢ | -0.3 | -1.0 | 0.1 | 2.5 | 1.2 | 3.0 | 4.0 |
| Y/E Shares, m | 323.1 | 323.1 | 323.1 | 323.1 | 333.9 |
| Notes |
| Data sourced from IRESS Market Technology Limited. EPS Growth compared with the pcp is shown in most columns except the first half years which show their percentage of full year EPS. In a handful of cases, unadjusted share splits, or changes between positive and negative values, may give strange changes in ratios. |
Recent News Highlights
Company Overview
nearmap (NEA) was previously known as Ipernica Limited (IPR). IPR was an Australian technology and intellectual property (IP) commercialisation group focused on the creation and exploitation of IP rights. Its activities included a 100% owned subsidiary nearmap.com and this proved to have far more potential than IPR's other activities. During FY13 the name and code were changed to nearmap and NEA and the other activities closed.
nearmap has developed a top quality aerial photo-mapping system. Its internationally patented technology can provide frequent, customised and detailed pictures quickly and economically.
In less than a year this has been building revenues fast from subscriptions by corporate and public bodies. Monitoring building, infrastructure and mining projects, observing flood damage or land use changes are some of the myriad applications. Most of Australia's populated areas are now covered regularly.
FY13's $10 million revenue left a transformed company with $13 million cash and a $10 million prepaid order book. FY14 could well generate a profit at an acceptable price/earnings ratio - and this is early days for the potential of the technology.
Profile
nearmap
Rating:
Category: Spec Stock ; Midcaps
Action:
Website: www.nearmap.com
| ASX code: | NEA |
| Closing Price, 20/06/14: | $ 0.450 |
| Market Capitalisation: | $ 152 million |
| 52 Week High: | $ 0.68 |
| 52 Week Low: | $ 0.255 |
| Sector: | Internet Software & Services |
| Index: | S&P/ASX All Index |
Summary of Fundamentals
| Year-end June | FY12A | FY13A | FY14E | FY15E |
|---|---|---|---|---|
| NPAT, $m | -8.1 | -1.0 | 3.2 | 3.6 |
| Reported EPS, ¢ | -3.00 | 0.00 | ||
| Adjusted EPS, ¢ | -1.02 | 1.00 | 1.10 | |
| EPS Growth, % | -400% | -66% | -198% | 10% |
| P/E Ratio, x | -15.00 | -44.12 | 45.00 | 40.91 |
| Dividend, ¢ | 0 | 0 | 0.00 | 0.00 |
| Franking, % | - | - | - | - |
| Div. Yield, % | 0.00 | 0.00 | 0.00 | 0.00 |
Notes
| Our Adjusted EPS is used for the last year and forward estimates and as basis for EPS Growth and P/E Ratio. We currently use Reported data for all historic NPAT, for the prior year EPS and as base for last year EPS growth. |
| Data & Chart sourced from IRESS Market Technology Ltd. |
One Year Chart
As at 23 June 2014
Other Highlights
| Sector: | Internet Software & Services |
| Return on Equity, FY13 : | -9% |
| Net Debt to Equity, FY13 : | -122 % |
| EBIT / Interest Cover, FY13 : | 4.79 x |
| Gicscode: | 40200000 |
| First Listed: | 07-Dec-00 |
Business Activities
nearmap Limited (NEA) is an Australian technology and intellectual property commercialisation group now focused on building revenues and profits from its innovative aerial photo-mapping technology
Glossary:
| ♠ | "A Core Stock" - reliable long-term yield & growth |
| ♥ | "We like it" - a seasoned performer, growth & yield |
| ♦ | "A tough scout" - creating a potential breakthrough |
| ♣ | "A steady performer" - giving reliable yield or growth |
| Best Stocks | Portfolio of selected attractive investments |
| Potential | Stocks that may have good improvement prospects |
| Speculative | More risky usually smaller stocks with spec. upside |
| Midcaps | In RR Midcap Index, $ 70m to 1,500m market cap. |
| Large Stocks | Larger Stocks upwards of $ 1,500m market cap |