Added to YB: 2024-06-20
Pitch date: 2024-06-18
NTT.WA [bullish]
NTT System S.A.
+17.43%
current return
Author Info
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Company Info
NTT System S.A. produces and sells desktops in Poland. The company markets desktops under its own brand and under various partner brands.
Market Cap
PLN 105.7M
Pitch Price
PLN 7.55
Price Target
11.15 (+26%)
Dividend
0.90%
EV/EBITDA
2.31
P/E
4.44
EV/Sales
0.05
Sector
Technology Hardware, Storage and Peripherals
Category
growth
NTT System S.A. - $NTT.WA
NTT.WA: Polish IT distributor with record PLN 1.66B sales in 2023 (+33% YoY), net profit PLN 24.6M (+49%). Q1 2024 sales -6%, profit -12%. Gross margin 7.6%, EBIT 3%. Receivables, factoring costs down. PL IT market est. 2024 PLN 140B (+19%). NTT fwd P/E ~7.5, 11.15 PT based on 1.5% EBIT margin, 15.7% disc rate. Risks: supplier/buyer concentration, macro exposure. Oppo lawsuit threat.
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