Growth remains on track; 2018 guidance reaffirmed

  • Sectors : Travel IT Services
  • Companies : Datalex

Ratings and price correct at time of issue.

  • Datalex

    Closing Price: 331c

  • RATING 13/12/11

  • PREVIOUS RATING 30/06/09



Datalex remains on course to achieve its ninth consecutive year of double-digit growth in adjusted EBITDA. The necessary conditions for such performance – a growing niche, a scalable model and management focus on execution – remain in place and while the capitalisation of a strong pipeline remains a key variable, we are encouraged that the opportunity set continues to grow. At slightly under 12x FY19 EV/EBITDA, we continue to see Datalex stock as representing growth at a reasonable price.

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Jun 18 2018, 07:30 IST/BST