Stifel Nicolaus analyst Jacob Armstrong maintained a Buy rating on Elixirr International Plc (ELIX – Research Report) today and set a price target of p850.00.
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Jacob Armstrong’s rating is based on several positive indicators from Elixirr International Plc’s recent performance. The company’s FY24 trading update showed results that surpassed market expectations, with revenue exceeding £111 million and an adjusted EBITDA margin of 28%. This strong performance, including a 2% beat on adjusted EBITDA estimates, suggests solid financial health and growth potential.
Furthermore, Elixirr has maintained impressive cash balances and demonstrated a consistent ability to generate profit growth since its IPO. The firm operates with a differentiated service offering, and its valuation, with a FY25E P/E of approximately 16x, is considered attractive for a company with Elixirr’s growth trajectory. These factors contribute to a positive outlook, justifying Armstrong’s Buy rating.