Scientific Digital Imaging (SDI)

Scientific Digital Imaging SDI Logo

Designs and manufactures scientific and technology products for use in applications, including life sciences, healthcare, astronomy, consumer manufacturing and art conservation from 2.75% to 3.25%. 2019 trading so far is in-line, expecting to meet expectations

27-Jul-2018 – 40.5p – £36.3m – PER 17.8

Final Results For The 12 Months To End March 2018 – Revenue up 35% to £14.5m (2017: £10.7m) with Adjusted PBT up 70%+ by £991,000 to £2,300,000 (2017: £1,309,000).

I have not looked at this before but it has recently appeared on my Standard Tech Screen. I like the look of this update and may well look to take an opening position here. If not it will go on my Watchlist.

Subsequent Note: As this was a current Standard Tech Screen Qualifier I did some further analysis after reading an updated broker note on Research Tree and changed my view to Neutral – Details below…

25-Sep-2018 – 41.25p – £37.0m – PER 17.1

AGM Trading Update – A good start is about as much as I can glean from this.

I remain Neutral as based on growth forecasts it seems at best fairly priced (to me).

18-Dec-2018 – 34.5p – £30.9m – PER 13.3

Interim Results For The 6 Months To End October 2018 – Record breaking – Revenue up 23%, Adjusted PBT up 32%, outlook for the current year remains comfortably in-line with market expectations.

I considered this fairly priced last time I looked (41p) but this looks quite encouraging. I will keep an eye out for updates (upgrades) here and re-evaluate that 41p fair price.

Standard Tech Screen Qualifier
Latest Commentary – 27-Jul-2018 – 40.5p – £36.3m – PER 17.8

Based on Stockopedia data and the latest broker note from FinnCap on Research Tree dated 27-Jul-2018…

Latest results show that Revenue Growth and EPS Growth for 2018A were both about 40% or so. Annual Revenue growth for 2019E and 2020E is forecast as 5% or so and Annual EPS Growth for both years is forecast as <5%. With a PER of 17 or so it just seems too expensive here at this price.

Check Scientific Digital Imaging fundamentals on Stockopedia
Check Scientific Digital Imaging updates & news on Research Tree

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