BRAVURA SOLUTIONS LIMITED (BVS)
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BVS - BRAVURA SOLUTIONS LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : NONE
Debt/EBITDA: 14.72
Index: ALL-ORDS | ALL-TECH

Bravura Solutions is an Australian company providing software solutions for the wealth management, life insurance and funds administration industries. Established in 2004 it first listed in 2006, before relisting in 2016 following restructuring.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.77

01 Dec
2023

0.020

OPEN

$0.73

2.67%

HIGH

$0.77

49,477

LOW

$0.73

TARGET
$0.83 7.8% upside
Franking for last dividend paid out: 0%
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FNARENA'S MARKET CONSENSUS FORECASTS
BVS: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx - 91.7 - 0.4 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

Last ex-div: 02/09 - ex-div 3.2c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-91.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx248.2 M
Book Value Per Share xxxxxxxxxxxxxxx28.1
Net Operating Cash Flow xxxxxxxxxxxxxxx-6.7 M
Net Profit Margin xxxxxxxxxxxxxxx-113.10 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-121.84 %
Return on Invested Capital xxxxxxxxxxxxxxx-111.45 %
Return on Assets xxxxxxxxxxxxxxx-78.51 %
Return on Equity xxxxxxxxxxxxxxx-121.84 %
Return on Total Capital xxxxxxxxxxxxxxx-9.47 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-17.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx7 M
Long Term Debt xxxxxxxxxxxxxxx21 M
Total Debt xxxxxxxxxxxxxxx28 M
Goodwill - Gross xxxxxxxxxxxxxxx219 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx76 M
Price To Book Value xxxxxxxxxxxxxxx1.67

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx19.2 M
Capex % of Sales xxxxxxxxxxxxxxx7.73 %
Cost of Goods Sold xxxxxxxxxxxxxxx237 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx36 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

03/11/2023

3

Upgrade to Neutral from Underperform

$0.83

7.79%

Given its improved earnings profile, Macquarie sees reduced near-term downside risk for Bravura Solutions, which is guiding to full year earnings of $10-15m, exclusive of an additional $7m cost out. 

The broker calculates the additional cost out brings gross savings to $47m, which alongside a year-on-year capital expenditure reduction of -$10-$12m leaves the company with materially improved cash flow.

The broker does, however, remain cautious on the medium-term outlook, noting cost-saving measures could impact revenue growth. The rating is upgraded to Neutral from Underperform and the target price increases to 83 cents from 65 cents. 

FORECAST
Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -0.40 cents.
Macquarie forecasts a full year FY25 dividend of 0.00 cents and EPS of 2.20 cents.
Access Stockbroker Research History >

BVS STOCK CHART

FNArena News on BVS

1
Australian Broker Call *Extra* Edition – Nov 14, 2023

Nov 14 2023 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 03-11-23

Nov 06 2023 - Weekly Reports
3
Weekly Ratings, Targets, Forecast Changes – 01-09-23

Sep 04 2023 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Aug 30, 2023

Aug 30 2023 - Daily Market Reports
5
FNArena Corporate Results Monitor – 28-08-2023

Aug 28 2023 - Australia

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