Will Frontier Digital Ventures Limited (ASX:FDV) Ride The Tech Growth Wave?
Frontier Digital Ventures Limited (ASX:FDV), is a AU$155.10M small-cap, which operates in the software industry based in Malaysia. In the past decade, the mega-tech companies, such as Amazon and Microsoft, have built highly successful and ubiquitous platforms and ecosystem in which smaller companies gravitate towards. Other hardware and software tech service firms, including many that dominated before 2000, are struggling to compete, and are going through significant restructuring in order to move away from their legacy systems. Tech analysts are forecasting for the entire software tech industry, an extremely elevated growth of 39.43% in the upcoming year , and an enormous triple-digit earnings growth over the next couple of years. Not surprisingly, this rate is more than double the growth rate of the Australian stock market as a whole. Is now the right time to pick up some shares in tech companies? Today, I will analyse the industry outlook, as well as evaluate whether Frontier Digital Ventures is lagging or leading its competitors in the industry. Check out our latest analysis for Frontier Digital Ventures
What’s the catalyst for Frontier Digital Ventures's sector growth?
Is Frontier Digital Ventures and the sector relatively cheap?
Next Steps:
Frontier Digital Ventures's future growth prospect shows that it is able to keep up with its peers. If Frontier Digital Ventures has been on your watchlist for a while, now may be the time to enter into the stock, if you like its growth prospects and are not highly concentrated in the tech industry. However, before you make a decision on the stock, I suggest you look at Frontier Digital Ventures's fundamentals in order to build a holistic investment thesis.- Financial Health: Does it have a healthy balance sheet? Take a look at our free balance sheet analysis with six simple checks on key factors like leverage and risk.
- Historical Track Record: What has FDV's performance been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
- Other High-Growth Alternatives : Are there other high-growth stocks you could be holding instead of Frontier Digital Ventures? Explore our interactive list of stocks with large growth potential to get an idea of what else is out there you may be missing!
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Simply Wall St analyst Simply Wall St and Simply Wall St have no position in any of the companies mentioned. This article is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
About ASX:FDV
Frontier Digital Ventures
A private equity firm specializing in investing and developing online classifieds business in emerging markets.
Flawless balance sheet with reasonable growth potential.
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