ICS Profit Upgrade ICS:ASX The Growth Story Continues

Mark Tobin

Coffee Microcaps

ICS Global which I highlighted here (VIEW LINK) about 6 months ago released a profit upgrade after market on Thursday. They now expect FY15 profit to be in the range $0.875 - $0.95m a 40% growth on PCP. The company highlights in the release that it's largest customer to date came on stream in March and contributed to the 2H FY15. The company is on an estimated ex cash P/E of less than 10 times for FY16 Has an estimated organic EPS growth of 15% - 20% in FY16 $1mil+ cash on the balance sheet (Mkt Cap only $13.1mil) No debt on its balance sheet In our view has the ability to increase its dividend (although unranked) and at worst maintain the current payout ratio. Although the stock is up over 30% since I first mentioned it with the full year affect of the its largest customer to come through in FY16 and continued organic growth runway in front of it. I still see it as interesting.


Mark Tobin
Analyst
Coffee Microcaps

I focus on ASX listed microcap and nanocap​ stocks which is​ anything from $10mil to $300mil market cap and everything​ in between. This truly​ is the under-researched​ part of the ASX. My hope is to bring you interesting microcap stocks and news.

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