ClearStar Inc logo

CLST - ClearStar Inc News Story

48.5p 0.0  0.0%

Last Trade - 06/09/17

Sector
Industrials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £14.4m
Position in Universe th / 1824

RCS - ClearStar,Inc. - Initiation of coverage by Equity Development

Tue 18th July, 2017 7:01am
RNS Number : 3132L
ClearStar,Inc.
18 July 2017

18 July 2017

Equity Development initiation report: Booming 'gig' economy driving growth

Promising start in the US- What if it was possible to find a company, expanding at >10% pa, yet trading at a mere 1.1x EV/sales vs 2x-4x for the wider sector. We think that ClearStar deserves to trade on a rating not too dissimilar with the 'SaaS' (software as a service) sector, given its top-notch technology, low churn, recurring revenues and scalable business model. Although competing against some pretty serious players - namely First Advantage, HireRight and Sterling Talent Solutions - ClearStar is nonetheless gaining market share, and is set to achieve a maiden EBITDA profit in H2'17, and be slightly cashflow positive 12 months later.

Please click here to access the full report:

https://www.equitydevelopment.co.uk/company/?company=ClearStar+Inc&c=2UTO#

Equity Development Ltd

www.equitydevelopment.co.uk

Follow us on Twitter:@equity_research

Contact:

Hannah Crowe

Email:hannah@equitydevelopment.co.uk

Telephone:+44 20 7065 2690


This information is provided by RNS
The company news service from the London Stock Exchange
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