PSA ERP Software: Shift Inc (3697 JT) – Measuring Up for Success
Shift Inc may be expecting OP growth to slow in FY23 (Aug yr-end) but there are good reasons for this. The bottom line is that the company is executing its strategy well. Its FY24 EV/OP of 29.5x will drop sharply over the next two years to just 16.1x based on PSA estimates, while its FY24 EV/S is just 3.6x. For a company increasing annual sales in excess of +35% YoY, these valuations have the potential to pique investor interest.
Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods.
PSA produces both company and sector reports. The focus of PSA’s research is to identify winners and losers as new technologies impact the top and bottom lines of corporations. Critical to our research is the clear explanation of how these new technologies work and how they impact companies and industries.
The founding partners have worked closely together for twenty years and the team has more than doubled in size since 2012.
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