CLASS LIMITED (CL1)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

CL1 - CLASS LIMITED

FNArena Sector : Cloud services
Year End: June
GICS Industry Group : Software & Services
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.72

03 Mar
2021

-0.020

OPEN

$1.73

-1.15%

HIGH

$1.75

378,463

LOW

$1.70

TARGET
$2.40 39.5% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
NXT . RCL . VLT . WTC . MP1 . BTH . CGL . LME . BID . AIM . OTW . RHP . DTC . FCT . TNE . LVT . MAQ . WHS . WSP . FCL . PYG . DUB .
MARKET CONSENSUS FORECAST
CL1: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 5.8 6.6 xxx
DPS (cps) xxx 5.0 5.0 xxx
EPS Growth xxx - 24.9% 14.8% xxx
DPS Growth xxx 0.0% 0.0% xxx
PE Ratio xxx N/A 26.5 xxx
Dividend Yield xxx N/A 2.9% xxx
Div Pay Ratio(%) xxx 87.0% 75.8% xxx

Dividend yield today if purchased 3 years ago: 1.79%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

2.86

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: 20/08 - 2.5c (100%)

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

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

Ord Minnett

17/02/2021

1

Buy

$2.40

39.53%

Upon first analysis, Class Limited’s 1H21 result proved broadly in-line with expectations.

Ord Minnett notes the performance included a nice kicker with the acquisition of ReckonDocs ((RKN)), which the company expects will add around $2.4m of earnings (EBITDA) (up 9% on the broker’s previous FY22 EBITDA forecasts).

In the broker's view, the announcement of Findex signing up to the NowInfinity Doc Suite is a further endorsement of Class Limited’s multi-product strategy.

The company notes a total addressable market (TAM) of $365m, and estimates it has reached only around 10% of potential customers, which highlights a significant runway of growth ahead.

Given this growth potential, supported by an enviable client retention rate of 98.5%, Ord Minnett remains positive on the stock, and has increased its target price to $2.40 from $2.25.

Buy recommendation is retained.

FORECAST
Ord Minnett forecasts a full year FY21 dividend of 5.00 cents and EPS of 6.60 cents.
Ord Minnett forecasts a full year FY22 dividend of 5.00 cents and EPS of 7.10 cents.

CL1 STOCK CHART