Professional
Added to YB: 2023-11-16
Pitch date: 2023-11-16
BVS.AX [bullish]
Bravura Solutions Limited
+271.46%
current return
Author Info
Hurdle Rate is an Australian Unit Trust run by a CPA who shares global stock pitches on their website. Sign up for the newsletter.
Company Info
Bravura Solutions Limited develops, licenses, and maintains administration and management software applications for the wealth management and funds administration sectors in Australia, the United Kingdom, New Zealand, and internationally.
Market Cap
AUD 936.9M
Pitch Price
AUD 0.68
Price Target
N/A
Dividend
1.53%
EV/EBITDA
16.81
P/E
13.22
EV/Sales
3.15
Sector
Software
Category
turnaround
Hurdle Rate Unit Trust: Bravura Solutions (ASX:BVS)
BVS.AX: Aussie wealth mgmt software co. in turnaround. Revolving mgmt & 80% stock decline since '19. Activist Pinetree Capital (21.6% stake) driving change - Shezad Okhai from Constellation Software now CCO. CEO Andrew Russell to unveil new 3yr plan targeting $40M cost cuts on top of $25M already implemented. Currently $76M net cash, 13x FY24 EV/EBIT. Potential for 15%+ FCF margin & return to growth by FY26. Upside if successful turnaround.
Read full article (4 min)