Comms Group Limited (ASX:CCG) Comms Group Limited are pleased to share RaaS interview with Peter McGrath (CEO) and Matthew Beale (CFO) from Comms Group (ASX:CCG).

Download a copy of the RaaS report here

Key Highlights:

• Comms Group Ltd (ASX:CCG) has reported FY23 earnings and provided a more detailed and narrower range for both revenue and EBITDA guidance in FY24.
• Revenue increased 27% and adjusted EBITDA ~17%
• FY24 revenue is expected to fall in a narrow range of $53m-$55m, +2.5%-6.0% on FY23 and highlights the predictability and recurring nature of CCG revenue.
• EBITDA guidance of $6.5m-$7.0m represents 35%-45% growth on FY23
• Applying the average FY23 (profitable) peer EV/EBITDA multiple of 7.6x to CCG FY24 guidance implies a price of $0.14/share which incorporates continued investment in the Global division.
• DCF is $0.16/share and implies 7.4x FY25 EV/EBITDA, which should be more reflective of the global opportunities.