Added to YB: 2024-04-08
Pitch date: 2024-04-07
TR1.MC [bullish]
TIER 1 Technology, S.A.
+25.46%
current return
Author Info
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Company Info
TIER 1 Technology, S.A. develops and provides software, deployment, maintenance, and outsourcing services.
Market Cap
EUR 29.3M
Pitch Price
EUR 2.39
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.88
P/E
17.16
EV/Sales
1.25
Sector
Software
Category
growth
TIER 1 Technology, S.A. - $TR1.MC
TR1.MC: Spanish IT services & software co. focused on retail. Transforming to high-margin software biz via comerzzia unified commerce platform. FY23: €21.8M rev (+19%), €3.2M EBITDA (+68%), €3.8M net cash. Trades at 6.4x EV/EBITDA despite strong comerzzia growth & margin expansion potential. Partnerships (Seidor Brazil JV, Retex Italy, €2.5B Inteum) drive intl expansion. Undemanding valuation for quality software assets & growth runway.
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