Description

Sign up or Log In

Sign up for free guest access to view investment ideas with a 45-day delay and read the full report.

Log in to read the full report.

show sort by

You are not eligible to view 3 messages. To gain access to more recent message posts signup free for membership.

#	AUTHOR DATE SUBJECT
13	member 9/21/16 8:46AM Re: re Vitec acquisitions 12
Hi Griffin, The price is 5-7 before synergies. To my understanding, synergies tend to be small and take a number of years to come through. One of the reason synergies are small is that customers tend to be very... login to read the rest view available tags
12	member 9/20/16 12:12PM re Vitec acquisitions
Thanks for the interesting idea. We are doing some work on the company. - Could you maybe elaborate on the multiples you get for acquisitions? You mention 5-7, is that before synergies? Do you have any idea... login to read the rest view available tags
11	member 9/15/16 3:49PM Re: Re: Constellation vs. Enghouse vs. Vitec 9
Thank you, Rosco! view available tags
10	member 9/15/16 11:38AM Re: Re: Constellation vs. Enghouse vs. Vitec 9
rosco have to admit - I don't usually worry about acquisition related expenses in my FCF calcs anymore with things like this. Mainly cause 1) the acquisitions are voluntary, 2) when they do the acquisitons... login to read the rest 2 view available tags
9	member 9/15/16 8:20AM Re: Constellation vs. Enghouse vs. Vitec 8
Hi Ares, Thanks for the question. I think that before addressing the question of "can the company keep making acquisitions at an attractive valuation" we should ask the question "If the company can keep making acquisitions... login to read the rest 2 view available tags
8	member 9/13/16 1:15PM Constellation vs. Enghouse vs. Vitec
Rosco37, thank you for sharing an interesting idea! How would you compare Constellation, Enghouse, and Vitec now as potetnial positions? Constellation is way more expensive than Vite but it is ROE is superior and revenue CAGR... login to read the rest 1 view available tags
7	member 9/08/16 4:24AM Re
SlackTide: That's right. There are 3.5m A shares with 10 voting rights. These are held mainly by the 2 founders, with a small number held by the CTO. This gives them control of the company... login to read the rest 1 view available tags
6	member 9/07/16 11:36AM Re
SpocksBrainX, if you want to use a P/e multiple we would use FCF instead of earnings as it is more reflective of the earning power. Our prefered choice is to value Vitec using a DCF but... login to read the rest view available tags
3	member 9/07/16 8:48AM Re
SpocksBrainX: There are no pink sheet equivalent MPK391: The growth is not consistent year after year as it depends on when management can find attractive acquisitions. Revenue growth for the 2014 and 2015 was 32% and... login to read the rest 1 view available tags
2	member 9/06/16 2:20PM revenue growth/ fwd multiple
in the beginning of your writeup you said that Vitec has grown revenue at a 25% CAGR over the past 10 years, but at the end you said 15% CAGR for the past 5 years... login to read the rest 1 view available tags

load more messages

			2016	2017
Price:	66.00	EPS	0	0
Shares Out. (in M):	29	P/E	0	0
Market Cap (in $M):	229	P/FCF	0	0
Net Debt (in $M):	20	EBIT	0	0
TEV (in $M):	249	TEV/EBIT	0	0

Description

Sign up or Log In

Sign up for free guest access to view investment ideas with a 45-day delay and read the full report. Log in to read the full report.

Sign up for free guest access to view investment ideas with a 45-day delay and read the full report.

Log in to read the full report.