Edison Initiates Coverage on YPB Group

Jul 15, 2015, 06:56 ET from Edison Investment Research

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.

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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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For more information please contact: 

Finola Burke, Edison Investment Research, +61(2)9258-1161

Moira Daw, Edison Investment Research, +61(2)9258-1161

tmt@edisongroup.com

SOURCE Edison Investment Research