Tecnotree: Cash flow continues to be a concern
Tecnotree's key figures for Q3 were slightly above our forecast and the company managed to win a record number of new orders. However, the problems could yet again be found in the cash flow statement. In addition to the clearly negative cash flow from operations, the company was not yet able to collect all the funds subscribed by the convertible bonds. The company is actively seeking to improve its cash flow profile through a change in its business model, but we need to see evidence of this working first.
Tecnotree
Tecnotree operates in the IT sector. The company specializes in the development of digital communication solutions. The services include, for example, business process and subscription management services for customers in telecom and other digital service providers. Operations are held on a global level, with the largest presence around Asia, Africa and the Middle East.
Read more on company pageKey Estimate Figures30.10.2023
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 71.6 | 78.7 | 84.3 |
growth-% | 11.53 % | 9.97 % | 7.05 % |
EBIT (adj.) | 18.3 | 21.5 | 22.5 |
EBIT-% (adj.) | 25.57 % | 27.32 % | 26.67 % |
EPS (adj.) | 0.04 | 0.04 | 0.04 |
Dividend | 0.00 | 0.00 | 0.00 |
Dividend % | |||
P/E (adj.) | 16.80 | 159.49 | 141.87 |
EV/EBITDA | 9.42 | 77.96 | 67.29 |