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1. Company Snapshot

1.a. Company Description

IDOX plc, through its subsidiaries, provides software and services for the management of local government and other organizations.The company operates in two segments, Public Sector Software and Engineering Information Management.It offers on-premise and cloud software solutions for the management of planning, building control, land charges and gazetteer managements, estates, street numbering, environmental health, trading standards, licensing, address management, and other geospatial information services.


The company also provides specialist software to support inspection and enforcement of standards, including environmental health, licensing, trading standards, public sector housing, elections, management of sexual health clinics, social directory services, grants funding, management of municipal transport, facilities management, assets and records management, and management of education, health, and care plans.In addition, it engages in the provision of online information, advice and guidance, information portals, and self-service tools to support delivery of adult social care, children's services, and special educational needs and disabilities services; and in delivery of online funding information and advice services.Further, the company offers computer aided facilities management solution that enables property directors to manage property portfolios; command and control traffic management systems; real-time passenger information systems; fleet management systems; and electoral registration and management systems, including postal vote checking, tablet canvassing, election count reporting and boundary management.


It has operations primarily in the United Kingdom, the United States, Europe, and Australia.The company was incorporated in 2000 and is based in Reading, the United Kingdom.

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1.b. Last Insights on IDOX

IDOX plc's recent performance is driven by its high growth potential in the UK tech sector. The company's strong innovation and adaptability in a dynamic economic landscape make it an attractive investment opportunity. IDOX's growth prospects are supported by the UK market's steady growth and positive earnings forecasts, with a 14% annual growth rate. Additionally, the company's ability to navigate the current economic uncertainty, as seen in the recent challenges faced by the FTSE 100 and FTSE 250 indices, positions it as a promising small-cap stock.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (6.71%)

6. Segments

Land, Property and Public Protection

Expected Growth: 6.5%

IDOX plc's 6.5% growth in Land, Property and Public Protection is driven by increasing demand for digital transformation in the public sector, growing need for efficient land management and property registration, and rising importance of public protection services. Additionally, strategic acquisitions and partnerships have expanded IDOX's offerings, contributing to its growth momentum.

Communities

Expected Growth: 6.8%

IDOX plc's Communities segment growth of 6.8% is driven by increasing demand for cloud-based software solutions, expansion of existing customer relationships, and strategic acquisitions. Additionally, growing need for digital transformation in the public sector, coupled with IDOX's strong brand presence, contributes to the segment's growth.

Assets

Expected Growth: 7.2%

IDOX plc's 7.2% asset growth is driven by strategic acquisitions, increasing demand for cloud-based software, and expansion into new markets. The company's focus on digital transformation, cost savings, and operational efficiencies also contribute to its growth. Additionally, IDOX's strong cash generation and effective capital allocation enable investments in growth initiatives, further fueling asset expansion.

7. Detailed Products

Local Government Software

IDOX plc provides a range of software solutions for local governments, including planning, building control, and regulatory services.

Public Access

A platform that enables citizens to access and engage with local government services online.

Land Charges

A solution for local authorities to manage land charges and search requests.

Electoral Management

A suite of solutions for electoral management, including voter registration and election management.

Grants Management

A solution for managing grants and funding applications for local authorities and charities.

Fusion

A data integration platform for integrating and analyzing data from multiple sources.

Information Management

A range of solutions for managing and analyzing data, including document management and business intelligence.

8. IDOX plc's Porter Forces

Forces Ranking

Threat Of Substitutes

IDOX plc operates in a niche market with limited substitutes, but the threat of substitutes is still present due to the evolving nature of the industry.

Bargaining Power Of Customers

IDOX plc's customers are primarily local authorities and government agencies, which have limited bargaining power due to their reliance on the company's specialized services.

Bargaining Power Of Suppliers

IDOX plc relies on a diverse range of suppliers, which reduces the bargaining power of individual suppliers, but the company is still vulnerable to supply chain disruptions.

Threat Of New Entrants

The threat of new entrants is low due to the high barriers to entry in IDOX plc's niche market, including the need for specialized expertise and significant investment in technology and infrastructure.

Intensity Of Rivalry

The market in which IDOX plc operates is highly competitive, with several established players competing for market share, which increases the intensity of rivalry.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 29.51%
Debt Cost 5.85%
Equity Weight 70.49%
Equity Cost 5.85%
WACC 5.85%
Leverage 41.86%

11. Quality Control: IDOX plc passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Kainos

A-Score: 5.0/10

Value: 2.0

Growth: 7.0

Quality: 7.8

Yield: 3.8

Momentum: 7.0

Volatility: 2.3

1-Year Total Return ->

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Stock-Card
GB Group

A-Score: 4.2/10

Value: 4.3

Growth: 3.6

Quality: 6.3

Yield: 1.9

Momentum: 6.0

Volatility: 3.3

1-Year Total Return ->

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Stock-Card
IDOX

A-Score: 3.7/10

Value: 2.2

Growth: 5.0

Quality: 7.4

Yield: 1.2

Momentum: 3.0

Volatility: 3.3

1-Year Total Return ->

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Stock-Card
Trustpilot

A-Score: 3.0/10

Value: 0.7

Growth: 7.1

Quality: 4.4

Yield: 0.0

Momentum: 4.0

Volatility: 1.7

1-Year Total Return ->

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Stock-Card
Cint

A-Score: 2.7/10

Value: 6.6

Growth: 3.8

Quality: 4.9

Yield: 0.0

Momentum: 0.5

Volatility: 0.3

1-Year Total Return ->

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Stock-Card
Volue

A-Score: 2.6/10

Value: 0.9

Growth: 5.6

Quality: 4.5

Yield: 0.0

Momentum: 4.0

Volatility: 0.7

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

0.69$

Current Price

0.69$

Potential

-0.00%

Expected Cash-Flows