Analyst Report

Analyst Report

iSentric (ASX:ICU) is a diversified digital services company that focuses on the high growth internet industry in Southeast Asia. ICU specialises in three complementary areas: digital media, mobile payments and enterprise mobility.

By combining the three areas, ICU has created a vertically integrated company that can generate gross margins in excess of 90%. ICU is already profitable and has provided FY16 EBITDA guidance of $3.1m. We will be looking for further growth in FY17 to come from market expansion, new products, and acquisitions.

iSentric is valued at ~$1.63 per active user, a 96% discount to global peers. This is despite having already effectively monetised their user base and operating in a very high growth market. Our model generates a valuation of $0.34 per share.

Please click here for the new Colt report on iSentric

Quotes

Events

  • KL Converge! is an international event which hosted in Malaysia. The event has been inaugurated in September 2014 and the initial programme will focus on the Asia region.

  • iSentric has once again been given the honour to present its products and services at BankTech Asia Conference and Exhibition 2014, the 6th edition of Asia's premier banking technology event.

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