RE: In the top 15 risers on19 May 2023 15:24
Myles mcnulty.....
"Consensus forecasts - in my own view - fall well short of reality.
In Q1 2023, CSFS recorded revs of £1.95m. Consider the aforementioned recent QoQ growth; and consider consensus forecasts for FY 2023 rev growth of £6.1m.
Much more likely, in my view, CSFS will - at the absolute minimum - simply match Q1's rev, across Q2, Q3 and Q4.
That puts it on £8m revs for this FY.
Forecasts in the market suggest FY 2024 revenue of £8.12m, which would yield an EBITDA of £1.23m. That would put CSFS on an EV/EBITDA of 3.0x - which is absurdly cheap, for the recent top line growth rate of the company.
So: there you have my buy rationale. My view is that CSFS is going to obliterate forecasts this year.