Added to YB: 2024-05-22
Pitch date: 2024-05-21
TST.L [bullish]
Touchstar plc
-14.47%
current return
Author Info
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Company Info
Touchstar plc, together with its subsidiaries, designs and builds rugged mobile computing devices under the Touchstar brand in the United Kingdom and rest of Europe.
Market Cap
GBP 8.0M
Pitch Price
GBP 0.89
Price Target
1.85 (+142%)
Dividend
3.08%
EV/EBITDA
6.47
P/E
12.86
EV/Sales
0.72
Sector
Communications Equipment
Category
value
A Star worth a Touch ($TST.L)
TST.L: 7M GBP cap, zero debt, 3M net cash, 1.3M EBITDA, 0.7M FCF. Transformation since 2018: mission-critical, sticky hard/software solutions, 40%+ recurring rev, 4 complementary divisions. Led by 10% owner, talented capital allocator. Risks: customer concentration, management change, working capital swings, M&A. Upside: buybacks, dividends, fundamentals improve. 5-yr projection: 5M FCF gen + 3M cash > mkt cap. High reward/risk.
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