LONDON, July 15, 2015 /PRNewswire/ --
Edison Investment Research, a leading international investment research firm, announces the initiation of full coverage of YPB Group
Highlights of the analysis on YPB by Edison's tech analysts Finola Burke and Moira Daw include:
YPB Group has developed a three-pronged strategy designed to detect and protect brands from counterfeiters. The company owns two Chinese patents over invisible tracers and has secured three contracts for its technology.
YPB Group (YPB) is in the early stages of commercialising its patented, non-destructible, anti-counterfeiting technology used for brand protection and product authentication. YPB raised A$3.7m at IPO (A$0.20 per share) and a further A$6.3m (A$0.30 per share) by way of placements. The company has three contracts expected to generate total revenue of CN¥318m (A$66m) over four and a half years. Our DCF valuation of A$0.37 per share assumes that the current contracts are rolled over. Further value should be created through contract wins (A$0.08 per share for every $10m of additional revenue) and profitable growth in operations.
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About Edison: Edison, the investment intelligence firm, is the future of investor interaction with corporates. Our team of over 100 analysts and investment professionals works with leading companies, fund managers and investment banks worldwide to support their capital markets activities. We provide services to more than 400 retained corporate and investor clients from our offices in London, New York, Frankfurt, Sydney and Wellington. Edison is authorised and regulated by the Financial Conduct Authority (http://www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584).
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For more information please contact:
Finola Burke, Edison Investment Research, +61(2)9258-1161
Moira Daw, Edison Investment Research, +61(2)9258-1161
SOURCE Edison Investment Research