Reported Earnings • Dec 20
First half 2025 earnings released: EPS: UK£0.001 (vs UK£0.004 in 1H 2024) First half 2025 results: EPS: UK£0.001 (down from UK£0.004 in 1H 2024). Revenue: UK£16.8m (down 11% from 1H 2024). Net income: UK£260.0k (down 80% from 1H 2024). Profit margin: 1.5% (down from 6.8% in 1H 2024). Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Oct 24
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.8% to UK£0.41. The fair value is estimated to be UK£0.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 7.1% per annum. Earnings are also forecast to grow by 8.8% per annum over the same time period. Announcement • Oct 07
Eckoh plc Announces Successful Legal Settlement of Patent Dispute Eckoh plc confirmed that after a protracted legal and subsequent arbitration process relating to a historic patent dispute brought by a competitor, it is confirmed that the process has been successfully concluded to Eckoh's benefit and under a Settlement Agreement Eckoh is being paid a sum of £2.25 million, which represents the substantial majority of costs (accounted for as exceptional items) it has incurred over the past two and half years. The Agreement also provides legal certainty that there can be no future litigation brought by the competitor against Eckoh relating to the patent family in question. Buy Or Sell Opportunity • Oct 05
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.6% to UK£0.41. The fair value is estimated to be UK£0.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 7.1% per annum. Earnings are also forecast to grow by 8.8% per annum over the same time period. Announcement • Aug 16
Eckoh plc, Annual General Meeting, Sep 12, 2024 Eckoh plc, Annual General Meeting, Sep 12, 2024. Location: the offices of eckoh plc, telford house, corner hall, hertfordshire hp3 9hn, hemel hempstead United Kingdom Declared Dividend • Jun 13
Dividend increased to UK£0.0082 Dividend of UK£0.0082 is 11% higher than last year. Ex-date: 19th September 2024 Payment date: 18th October 2024 Dividend yield will be 1.9%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 9.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 13
Eckoh plc Proposes Final Dividend for the Year Ended 31 March 2024, Payable on 18 October 2024 The Board of Eckoh plc proposed a final dividend for the year ended 31 March 2024 of 0.82 pence per ordinary share be paid to the shareholders whose names appear on the register at the close of business on 19 September 2024, with payment on 18 October 2024. The ex-dividend date will be 20 September 2024. This recommendation will be put to the Shareholders at the Annual General Meeting. Based on the shares in issue at the year end, this payment would amount to £2.4 million. Reported Earnings • Jun 12
Full year 2024 earnings released: EPS: UK£0.016 (vs UK£0.016 in FY 2023) Full year 2024 results: EPS: UK£0.016 (in line with FY 2023). Revenue: UK£37.2m (down 4.2% from FY 2023). Net income: UK£4.54m (down 2.0% from FY 2023). Profit margin: 12% (in line with FY 2023). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. New Risk • Jun 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Large one-off items impacting financial results. New Risk • May 31
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Announcement • May 11
Eckoh plc to Report Fiscal Year 2024 Results on Jun 11, 2024 Eckoh plc announced that they will report fiscal year 2024 results on Jun 11, 2024 Announcement • May 10
Eckoh plc Provides Earnings Guidance for the Year Ended 31 March 2024 Eckoh plc provided earnings guidance for the year ended 31 March 2024. The board expects to report revenues of approximately £37.2 million for the year (fiscal year 2023 £38.8 million) which, although slightly behind market expectations is a result of the ongoing transition of client deployments to the cloud, the first contract renewals of several large on-premise US clients (where there are no ongoing associated hardware revenues and set up charges), and the elongated sales cycles that delayed the closing of contracts in H1. Announcement • Feb 12
Eckoh plc Announces Board Changes Eckoh plc announced the resignation of David Coghlan, a non-executive Director of the Group, with immediate effect due to personal reasons. David has been a Board member since 2017, Chair of the Remuneration Committee and a member of the Audit Committee and Nomination Committee. A search will be initiated, and the Board will look to replace the position at the earliest convenience, however, until a replacement has been appointed Christopher Humphrey, Chairman will replace David as Chair of the Remuneration Committee. Major Estimate Revision • Nov 28
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from UK£0.013 to UK£0.011. Revenue forecast unchanged from UK£39.0m at last update. Net income forecast to grow 6.1% next year vs 6.7% growth forecast for IT industry in the United Kingdom. Consensus price target of UK£0.67 unchanged from last update. Share price fell 2.7% to UK£0.36 over the past week. Reported Earnings • Nov 24
First half 2024 earnings released: EPS: UK£0.004 (vs UK£0.008 in 1H 2023) First half 2024 results: EPS: UK£0.004 (down from UK£0.008 in 1H 2023). Revenue: UK£18.8m (down 4.2% from 1H 2023). Net income: UK£1.27m (down 44% from 1H 2023). Profit margin: 6.8% (down from 12% in 1H 2023). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Oct 17
Eckoh plc Announces Launch of A Significant Update to Its Secure Digital Payments Platform, Offering Enhanced Digital Payment Choice and Convenience Within Contact Centres Eckoh plc announced the launch of a significant update to its Secure Digital Payments platform, offering enhanced digital payment choice and convenience within contact centres. The new innovation in Eckoh's cloud platform broadens consumer choice across channels and digital payment methods, which enables contact centres to better serve customer needs at a time when consumers are increasingly looking to adopt an array of digital wallets and varied payment options. A significant shift among consumers towards alternative digital payments. This in turn creates opportunities for Eckoh as it protects a growing international client base and some of the world's largest enterprises engaging with contact centres. Commenting on its 2022 Digital Payments Consumer Survey, McKinsey said digital payments penetration had reached 89%*. What's more, 62% of respondents were now using two or more forms of digital payments, up from 51% the year before. By using Eckoh's Secure Digital Payments platform, clients' customers now have the freedom to combine their preferred contact channel with their favourite payment method - Apple Pay over WhatsApp, Pay by Bank via live chat, pay-later apps over the phone - and many other combinations. In particular, the Secure Digital Payments platform will enable contact centres to better serve customer needs, extend their services to social media and third-party channels, increase payment volume capacity and speed, provide greater choice with pay-now or pay-later options and provide stronger authenticated security through methods such as fingerprint or facial recognition. As well as supporting traditional secure card payments, Eckoh's Secure Digital Payments platform is also built to support all emerging payment methods that support evolving customer needs such as global 'super apps', cryptocurrencies, and central bank digital currencies (CBDCs). Announcement • Aug 07
Eckoh plc, Annual General Meeting, Sep 13, 2023 Eckoh plc, Annual General Meeting, Sep 13, 2023, at 10:00 Coordinated Universal Time. Location: the offices of Eckoh plc, Telford House, Corner Hall, Hemel Hempstead, Hertfordshire HP3 9HN Hertfordshire United Kingdom Agenda: To consider and approve the Annual report and accounts; to consider Declaration of dividend; to consider the Re-appointment of Directors; to consider the Re-appointment and remuneration of auditors; and to consider other matters. Reported Earnings • Jun 15
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: UK£0.016 (up from UK£0.006 in FY 2022). Revenue: UK£38.8m (up 22% from FY 2022). Net income: UK£4.64m (up 194% from FY 2022). Profit margin: 12% (up from 5.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 36%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Announcement • Jun 15
Eckoh plc Proposes a Final Dividend for the Year Ended 31 March 2023, Payable on 20 October 2023 The Board of Eckoh plc proposed a final dividend for the year ended 31 March 2023 of 0.74 pence per Ordinary Share (FY22: 0.67p) be paid to the Shareholders whose names appear on the register at the close of business on 22 September 2023, with a payment date of 20 October 2023. The ex-dividend date will be 21 September 2023. This proposal will be put to the Shareholders at the Annual General Meeting. Based on the shares in issue at the year end, this payment would amount to £2.2 million. New Risk • Jun 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Share price has been volatile over the past 3 months (9.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.2% net profit margin). Price Target Changed • Jan 17
Price target decreased to UK£0.77 Down from UK£0.90, the current price target is an average from 3 analysts. New target price is 76% above last closing price of UK£0.44. Stock is down 8.3% over the past year. The company is forecast to post earnings per share of UK£0.011 for next year compared to UK£0.006 last year. Reported Earnings • Nov 24
First half 2023 earnings released: EPS: UK£0.008 (vs UK£0.008 in 1H 2022) First half 2023 results: EPS: UK£0.008 (in line with 1H 2022). Revenue: UK£19.6m (up 33% from 1H 2022). Net income: UK£2.26m (up 18% from 1H 2022). Profit margin: 12% (down from 13% in 1H 2022). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 16% growth forecast for the IT industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Non-Executive Director David Coghlan was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 15
Full year 2022 earnings released: EPS: UK£0.006 (vs UK£0.011 in FY 2021) Full year 2022 results: EPS: UK£0.006 (down from UK£0.011 in FY 2021). Revenue: UK£31.8m (up 4.2% from FY 2021). Net income: UK£1.58m (down 44% from FY 2021). Profit margin: 5.0% (down from 9.2% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 30%, compared to a 16% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 4% per year. Price Target Changed • Apr 27
Price target increased to UK£0.90 Up from UK£0.76, the current price target is an average from 2 analysts. New target price is 107% above last closing price of UK£0.43. Stock is down 46% over the past year. The company posted earnings per share of UK£0.011 last year. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Non-Executive Director David Coghlan was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Feb 09
Price target increased to UK£0.90 Up from UK£0.76, the current price target is an average from 3 analysts. New target price is 117% above last closing price of UK£0.41. Stock is down 35% over the past year. The company posted earnings per share of UK£0.011 last year. Recent Insider Transactions • Feb 02
Independent Non-Executive Director recently bought UK£90k worth of stock On the 27th of January, David Coghlan bought around 200k shares on-market at roughly UK£0.45 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Dec 03
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: EPS: UK£0.008 (vs UK£0.008 in 1H 2021). Revenue: UK£14.7m (down 6.1% from 1H 2021). Net income: UK£1.92m (down 6.0% from 1H 2021). Profit margin: 13% (in line with 1H 2021). Revenue missed analyst estimates by 7.6%. Over the next year, revenue is forecast to grow 17%, compared to a 12% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 16
Full year 2021 earnings released: EPS UK£0.011 (vs UK£0.012 in FY 2020) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: UK£30.5m (down 8.1% from FY 2020). Net income: UK£2.79m (down 11% from FY 2020). Profit margin: 9.2% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Price Target Changed • May 05
Price target increased to UK£0.74 Up from UK£0.65, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of UK£0.76. Stock is up 41% over the past year. Reported Earnings • Nov 26
First half 2021 earnings released: EPS UK£0.008 The company reported a mediocre first half result with weaker revenues, although earnings were flat and profit margins were improved. First half 2021 results: Revenue: UK£15.7m (down 13% from 1H 2020). Net income: UK£2.04m (flat on 1H 2020). Profit margin: 13% (up from 11% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 20
Price target raised to UK£0.65 Up from UK£0.57, the current price target is provided by 1 analyst. The new target price is close to the current share price of UK£0.67. As of last close, the stock is up 17% over the past year. Is New 90 Day High Low • Sep 29
New 90-day high: UK£0.70 The company is up 11% from its price of UK£0.63 on 01 July 2020. The British market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 6.0% over the same period.