Report

Craneware Group | FY25 results – delivering on the promise

Craneware's FY25 results for the year to June confirmed the strength heralded with the July trading update. Net profit came in even stronger than our forecast, and the company announced a 16% increase in the final dividend to 18.5p, also ahead of our forecast. In our view, these results confirm that Craneware is delivering on the benefits promised by its historic investment in the Trisus platform including unlocking the full value of the Sentry acquisition. We make minimal changes to our profit forecasts which reflect the flow through from the FY25 actuals, although we anticipate these will prove conservative. Our discounted cash flow valuation computes to 3,112p, nearly 40% above the current share price.
Underlying
Craneware

Craneware is engaged in the development, licensing and ongoing support of computer software for the U.S. healthcare industry. Co.'s solutions span four product families: Patient Engagement, Charge Capture & Pricing, Revenue Collection & Retention, and Cost Analytics. The patient engagement segment provides: medical necessity & prior authorization, and patient responsibility. The charge capture & pricing segment provides procedures, pharmacy, and supplies. The revenue recovery & retention segment provides billing & claims analysis, audit management, and denials management. The cost analytics segment provides cost of care.

Provider
Capital Access Group
Capital Access Group

Capital Access Group advises companies on effective engagement with investors. Our experienced team offers market-leading access with hard-to-reach investors, including smaller institutions, pension funds and private client fund managers. These under-serviced investors are located not only in London but across the regions of the UK and Europe. We have an unrivalled knowledge of this extensive audience, to whom our published research is distributed, as well as to larger institutions. We offer this service as part of an integrated investor communications strategy to promote a company’s investment story.

Our clients, ranging from AIM to FTSE 100 companies, benefit from our professional, long-term relationships with investors. Not only do we identify and target investors, we contact them directly and relay their views back to clients with analysis, interpretation and advice. This ensures that our clients are in control of their investor engagement. The objective is to improve the reach and engagement with investors, which in turn strengthens the share price.

Analysts
Colin Smith

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