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DCF assessment -
Small-Cap DCF
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Written by Peter van der Lely
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Wednesday, 29 July 2009 11:17 |
The 28th of july 09, DOCdata presented a solid set of results. Autonomous growth and the margin development is strong. This underscores the potential of this company even in adverse economic circumstances. DOCdata is profiting from the secular trend of increasing online transactions. Also, the market for (innovative) security documents is growing and rather robust.
Balance sheet and financing: robust and conservative. Therefore we decided to run a valuation. Use your own expectations, if you like. Keep in mind that the liquidity of this stock is limited: even small orders can result in big price movements.
Google chart, company specs click here <>
DOCdata NV is a Netherlands-based company which offers transaction-related Internet services for both business-to-business (B-to-B) and business-to-consumer (B-to-C) clients. The Company’s range of services includes traceability and multiple payment and communication options. The Company is organized into four divisions: Commerce, Payments, Fulfilment and Media. Through Industrial Automation Integrators (IAI) BV, DOCdata NV is engaged in the securing and personalizing of security documents, as well as the processing of solar cells and packaging materials. As of December 31, 2007, DOCdata NV had a number of wholly owned subsidiaries, including Industrial Automation Integrators (IAI) BV, DOCdata International BV, DOCdata Germany GmbH, Optical Disc de France SAS and Ablex Limited. The Company is active in various countries, including the Netherlands, Germany, France and the United Kingdom.
disclaimer about Equitycatwalk the author has no position in this stock at the moment of publishing
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