NEARMAP LTD (NEA)
Share Price Analysis and Chart

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NEA - NEARMAP LTD

FNArena Sector : Software & Services
Year End: June
GICS Industry Group : Software & Services
Index: ASX200 | ASX300 | ALL-ORDS

Nearmap is an Australian arial imagery technology and location data company. It operates in Australia, New Zealand and the US. Founded in 2008, Nearmap was aquired by Ipernica in 2012 and became the primary entity.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.17

22 Jan
2021

-0.020

OPEN

$2.19

-0.91%

HIGH

$2.22

2,479,696

LOW

$2.16

TARGET
$2.883 32.9% upside
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MARKET CONSENSUS FORECAST
NEA: 1
Title FY19
Actual		 FY20
Actual		 FY21
Forecast		 FY22
Forecast
EPS (cps) xxx - 8.1 - 6.0 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

13/11/2020

1

Overweight

$3.10

42.86%

Nearmap has guided to annual recurring revenue of $120-$128m with Morgan Stanley expecting the numbers to be at the upper end of the range at $127.4m.

The broker thinks the range may be conservative but a more pressing concern for the broker is the use of constant currency which implies a -6% fx headwind.

The company reiterated its 20-40% annual contract value (ACV) growth target and a churn target of less than 10%.

The broker is Overweight on the stock with a target price of $3.10. Industry view: In-line.

FORECAST
Morgan Stanley forecasts a full year FY21 dividend of 0.00 cents and EPS of minus -6.00 cents.
Morgan Stanley forecasts a full year FY22 dividend of 0.00 cents and EPS of minus -4.00 cents.

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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NEA STOCK CHART

FNArena News on NEA

1
Weekly Ratings, Targets, Forecast Changes – 18-12-20

Dec 21 2020 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Dec 04, 2020

Dec 04 2020 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Sep 30, 2020

Sep 30 2020 - Daily Market Reports
4
The Short Report – 24 Sep 2020

Sep 24 2020 - Weekly Reports
5
Next Week At A Glance – 21-25 Sep 2020

Sep 18 2020 - Weekly Reports

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