Photo-Me International (PHTM)

Sector:

Leisure Products

Index:

FTSE Small Cap

 75.80p
   
  • Change Today:
      0.000p
  • 52 Week High: 84.60
  • 52 Week Low: 56.30
  • Currency: UK Pounds
  • Shares Issued: 378.01m
  • Volume: 0
  • Market Cap: £286.53m
  • RiskGrade: 253

Canaccord Genuity hits Photo-Me with 'buy' rating

By Iain Gilbert

Date: Monday 12 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Canaccord Genuity issued photo booth operator Photo-Me International with a 'buy' rating on Monday after having previously placed the stock 'under review'.
Canaccord said the interim results from Photo-Me were "better than expected", driven by continued double-digit revenue growth in laundry and "an encouraging performance" from its identification unit that led to photo booth revenue seeing "a fast-paced" second-quarter recovery.

The Canadian bank said strong demand in Japan from higher than normal applications for the firm's My Number ID cards had also provided a one-off boost.

"As a result, in H1'FY21E Photo-Me delivered 76% of the revenue and 62% of the adj. EBITDA that it reported in the pre-pandemic six month period to 31 October 2019," said the analysts.

Canaccord also pointed out that Photo-me has now completed a restructuring programme initiated at the start of the Covid-19 pandemic and was seeing "improving levels of cash generation" that reflected some recovery in consumer activity across key geographies.

On the back of this, Photo-Me increased guidance set in April, with revenues now seen at the top-end of its £190.0-200.0m range and adjusted pre-tax profits now projected to be roughly £21.0-24.0m.

"With Photo-Me continuing to invest in its Laundry and Food verticals, alongside a wider market recovery, it has reintroduced FY22E guidance, anticipating that adj. PBT will be broadly similar to that achieved in FY19," concluded the analysts, which also gave the firm a target price of 105.0p, down from 150.0p before placing the stock under review in June 2020).

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PHTM Market Data

Currency UK Pounds
Share Price 75.80p
Change Today 0.000p
% Change 0.00 %
52 Week High 84.60
52 Week Low 56.30
Volume 0
Shares Issued 378.01m
Market Cap £286.53m
RiskGrade 253

PHTM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
89.41% above the market average89.41% above the market average89.41% above the market average89.41% above the market average89.41% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
85.93% above the market average85.93% above the market average85.93% above the market average85.93% above the market average85.93% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Income
61.29% above the market average61.29% above the market average61.29% above the market average61.29% above the market average61.29% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
47.92% above the market average47.92% above the market average47.92% above the market average47.92% above the market average47.92% above the market average
16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PHTM Dividends

  Latest Previous
  Final Interim
Ex-Div 14-Apr-22 n/a
Paid 13-May-22 n/a
Amount 2.89p 0.000p

Trades for --2022

Time Volume / Share Price
0 @ 0.000p

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