Altium

Strong Performance in FY 18: Altium Limited’s (ASX: ALU) stock has risen 8.21% in three months as on September 18, 2018 after the company for FY 18 has reported 26% growth in the revenue to US$140.2 million, 34% rise in net profit to US$37.5 million and 35% increase in the operating cash flow to US$48.5 million. ALU has achieved an EBITDA margin of 32.0% for the FY 18 (35.5% on an underlying basis), up from 30% (underlying of 32.3%) compared with last year. Moreover, during the full year 2018, Board and Systems revenue rose 24% to US$108.8 million, with the contribution from all the regions. There is 15% rise in Altium Designer new seats compared to the same period last year. The subscription pool for recurring revenue rose by 10% to 37,900. China had continued its impressive run with 29% growth in revenue. Its platform, Octopart’s increased momentum has resulted in 56% growth in revenue and there is 23% rise in TASKING revenue in 2018. Meanwhile, ALU stock is trading at a level of $25.62, has support at $23.2 and resistance at $29.7. As of now and given high trading levels, we give an “Expensive” recommendation on the stock at the current price of $ 25.62.
 

FY 18 Financial Performance (Source: Company Reports)
 

Infomedia 

Decent Performance in FY 18: Infomedia Limited’s (ASX: IFM) stock has risen 39.36% in three months as on September 18, 2018 to A$1.32. The stock has support at level of $1.05 and resistance at $1.36. Meanwhile, IFM for FY 18 reported 3.5% growth in revenue to $72.9 million and 7.9% rise in Net profit after tax (NPAT) to $12.9 million. Moreover, for FY 19, IFM expects a significant rise in Cash EBITDA in FY19 due to strong top-line growth and disciplined cost management. Additionally, IFM’s financial position remains strong with net current assets of $11.5 million at 30 June 2018 (FY17: $13.5 million). The cash and cash equivalents position at the end of the year is $13.3 million (FY17: $13.3 million) reflecting the robust cash generative nature of the business. Based on the foregoing, we give a “Hold” recommendation on the stock at the current price of $ 1.320.
 

Comparative Analysis (Source: Company Reports and Thomson Reuters)
Earnings Retention* is indicative of percentage of net income retained to grow the business and is opposite of dividend payout ratio
 

 
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