Latest news with #Atturra
Techday NZ
30-07-2025
- Business
- Techday NZ
Atturra rebrands Plan B to expand IT services in New Zealand
Atturra has confirmed that Auckland-based Plan B Limited will rebrand as Atturra, following its recent acquisition by the advisory and technology services business. The rebranding will take effect from 31 July 2025, marking the integration of Plan B's nationwide network of five data centres and its portfolio of over 1,000 clients into Atturra's operations. Atturra's expansion in New Zealand brings five business divisions to the market: Managed Services, Cloud Services, Business Applications, Data and Integration, and Advisory and Consulting. The move aligns with Atturra's commitment to delivering a broad IT solutions portfolio across Australia and New Zealand, further strengthened by the recent acquisition of ComActivity, which provides Infor M3 ERP services. Expanded services As part of its local service expansion, Atturra is introducing several new offerings for New Zealand clients. These include enhanced end user support focused on "modern workplace/helpdesk" services, aiming to improve staff productivity through desktop and workplace technology solutions. The enhanced security suite will offer cybersecurity services designed to safeguard organisations' data and infrastructure, leveraging Atturra's skills in managed security, threat prevention, and compliance with regulatory requirements. Public cloud services, including expertise with major cloud platforms such as Microsoft Azure and AWS, will also be available. These services cover the architecture, deployment, and management of cloud solutions, supported by Atturra's managed cloud services team. Additionally, a procurement service will enable streamlined access to hardware and software through Atturra's supplier network, offering end-to-end provisioning for IT equipment and software licensing. Leadership appointments Atturra has announced several senior leadership appointments alongside the rebrand. Frazer Scott has been named Country Manager for New Zealand and will also support Atturra's ANZ network strategy. His remit includes aligning the company's go-to-market efforts in New Zealand and leading the managed services division locally. The company's regional leadership team, predominantly based in Auckland, has also been drawn from existing Plan B talent. The team includes Diego Nievas as Chief Technology Officer, leading technical strategy and innovation for managed services across Australia and New Zealand; Sachin Jain as Director, Customer Experience, overseeing delivery and client success; and Rudi Hefer as Director, Commercial and Connect, responsible for the ANZ networking, connectivity business, and commercial and channel activities. "Our enhanced service portfolio will allow Atturra to deliver more comprehensive, integrated solutions - from infrastructure to cloud and user support - tailored to New Zealand organisations. Frazer Scott commented further on the transition, stating, "While existing clients will see no immediate changes to the services they receive and will continue working with the same local team, work is underway to combine Plan B's infrastructure and local expertise with Atturra's broader solutions and resources. Shared planning, cross-training, and alignment workshops will help teams operate as one. Clients can expect improved innovation and delivery as a result." The leadership restructuring aims to reinforce Atturra's commitment to managed services, local leadership, and collaboration across regions. The company intends for existing Plan B clients to benefit from a seamless transition with continued support from the local team, while accessing a broader suite of services under Atturra's brand. Atturra's clients span a wide range of industries including government, utilities, education, defence, financial services, and manufacturing. Its partnerships with global technology providers such as Boomi, Cisco, HP, HPE, Infor, Microsoft, Nuix, OpenText, QAD, Smartsheet, Snowflake, and Software AG underpin the company's service offerings. The rebrand and leadership appointments underscore Atturra's strategy to deliver expanded IT services to organisations in New Zealand while integrating Plan B's local experience and resources into its broader operational framework.
Yahoo
20-07-2025
- Business
- Yahoo
Atturra Limited (ASX:ATA) Shares Could Be 33% Below Their Intrinsic Value Estimate
Key Insights Using the 2 Stage Free Cash Flow to Equity, Atturra fair value estimate is AU$1.27 Atturra is estimated to be 33% undervalued based on current share price of AU$0.85 Our fair value estimate is 20% higher than Atturra's analyst price target of AU$1.06 Today we will run through one way of estimating the intrinsic value of Atturra Limited (ASX:ATA) by taking the forecast future cash flows of the company and discounting them back to today's value. We will take advantage of the Discounted Cash Flow (DCF) model for this purpose. Don't get put off by the jargon, the math behind it is actually quite straightforward. We generally believe that a company's value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. The Calculation We're using the 2-stage growth model, which simply means we take in account two stages of company's growth. In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Levered FCF (A$, Millions) AU$19.0m AU$22.3m AU$24.7m AU$26.9m AU$28.8m AU$30.4m AU$31.9m AU$33.3m AU$34.6m AU$35.8m Growth Rate Estimate Source Analyst x4 Analyst x4 Est @ 11.10% Est @ 8.66% Est @ 6.94% Est @ 5.75% Est @ 4.91% Est @ 4.32% Est @ 3.91% Est @ 3.62% Present Value (A$, Millions) Discounted @ 8.4% AU$17.5 AU$19.0 AU$19.4 AU$19.5 AU$19.2 AU$18.7 AU$18.1 AU$17.4 AU$16.7 AU$16.0 ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = AU$182m We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (2.9%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 8.4%. Terminal Value (TV)= FCF2035 × (1 + g) ÷ (r – g) = AU$36m× (1 + 2.9%) ÷ (8.4%– 2.9%) = AU$676m Present Value of Terminal Value (PVTV)= TV / (1 + r)10= AU$676m÷ ( 1 + 8.4%)10= AU$302m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is AU$483m. In the final step we divide the equity value by the number of shares outstanding. Relative to the current share price of AU$0.8, the company appears quite good value at a 33% discount to where the stock price trades currently. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent. Important Assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Atturra as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 8.4%, which is based on a levered beta of 1.260. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. See our latest analysis for Atturra SWOT Analysis for Atturra Strength Earnings growth over the past year exceeded the industry. Debt is not viewed as a risk. Weakness Shareholders have been diluted in the past year. Opportunity Annual earnings are forecast to grow faster than the Australian market. Trading below our estimate of fair value by more than 20%. Threat Revenue is forecast to grow slower than 20% per year. Looking Ahead: Valuation is only one side of the coin in terms of building your investment thesis, and it ideally won't be the sole piece of analysis you scrutinize for a company. It's not possible to obtain a foolproof valuation with a DCF model. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. Why is the intrinsic value higher than the current share price? For Atturra, we've compiled three important elements you should further examine: Risks: Consider for instance, the ever-present spectre of investment risk. We've identified 1 warning sign with Atturra , and understanding it should be part of your investment process. Future Earnings: How does ATA's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the ASX every day. If you want to find the calculation for other stocks just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. 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News.com.au
11-07-2025
- Business
- News.com.au
Criterion: McDonald's data breach with the lot highlights the hazards of AI
Listed IT consultant Atturra says AI projects are failing because organisations have not mastered Data Handling 101 A global data breach exposing the details of 60 million McDonald's applicants highlights the growing risks Investors risk entering the AI 'hype cycle' and overpaying for popular exposures The CEO of IT consultancy Atturra (ASX:ATA), CEO Stephen Kowal argues for a back-to-basics approach of properly curating – and understanding – the burgeoning data created by AI. 'I guarantee that if you go to any company they won't know where their data is stored,' Kowal says. 'The biggest challenge for them is understanding their data and how secure it is and how to control it.' As if on cue, reports this week emerged of McDonald's suffering a global data breach that saw the names and contact details of 60 million applicants – including Australian ones – exposed. The root of the problem was the company's McHire platform and its Olivia chatbot. Researchers reportedly accessed applicant details using the password – and you guessed it – 123456. McDonald's blamed the glitch on a third-party provider. Speaking generally, Kowal likens the AI rush to building a mansion on foundations of sand if data handling procedures are lacking in the first place. AI heightens data breach risks The biggest listed IT consultancy and data integrator, Atturra assists organisations to get their data in order. In that sense, the company is the AI equivalent of the saucepan vendors on the goldfields. 'We'll sell the picks and shovels and can dig for the gold," Kowal says. He says as the volume of stored data increase, data breaches are inevitable. 'But if our data is secure and encrypted and backed, up the breach is more like a flat tyre on a car, rather than a blimp that explodes with one pop." Kowal has plenty of war stories of organisations experiencing the Hindenburg effect, beyond high-profile cases such as Optus and Medibank Private (ASX:MPL). The trouble is, organisations often 'discover more than want discovered' – a 'natural disincentive' for them to get to them the bottom of what data they hold. "A lot of them are between a rock and a hard place," he says. "If you go and find everything there are rules requiring you to disclose stuff . "So are you better off finding it or not? It's a really interesting dilemma." Shaped by acquisitions With a $300 million market cap, Atturra resulted from the 2015 combination of ad hoc businesses. 'We were all things to all people, so we focused on selected areas and data integration was one of those." Kowal says. Atturra's client base is biased to local government, schools, utilities and defence. The company also boasts a rota of about 70 local manufacturers, including boot maker RM Williams and brewer Bundaberg. Atturra has been shaped by acquisitions, such as the 2019 pick-up of local government specialist Galaxy 42 The company reported revenue of $141 million for the December half, up 27% and a $4.2 million net profit, up 55%. Atturra also held cash of $98 million and is undertaking a share buyback. Kowal claims 'no direct peer of our size and scale' on the ASX. Who are we to argue? Augmented reality is the new reality The local bourse doesn't have the equivalent of Nasdaq chip maker Nvidia, which this week became the world's first US$4 trillion company. But investors have piled into local data centre plays such as the $8.7 billion market cap NextDC (ASX:NXT) and $2 billion connectivity intermediary Megaport (ASX:MP1) Arguably they are overloved. A low-key alternative is the $67 million market cap Vection Technologies (ASX:VR1), which delves into the alternative universe of augmented reality. It's about more than funky avatars: in late June Vection signed a $4.4 million deal with a top ten global defence contractor, to deliver 'mission-critical infrastructure and AI-enabled analytics'. The deal takes revenue to date from the client to $10 million. There's also a potential $21 million in further work over the next five years. This month Vection also signed a $4 million deal with Italian telco, Omniacom Group. Vection says 'heightened geopolitical tensions are accelerating demand for AI-powered monitoring solutions that protect national perimeters through rapid big-data analysis.' Who are we to argue (again)?
Techday NZ
15-05-2025
- Business
- Techday NZ
Atturra wins top Boomi APJ Partner award for sixth time in row
Atturra has been named APJ Partner of the Year by Boomi for the third consecutive year and the sixth time overall. The accolade recognises Atturra's work in supporting clients across the Asia Pacific region in optimising business operations with integration and automation solutions delivered through the Boomi platform. In addition to the APJ Partner of the Year award, Atturra received the ANZ Partner of the Year award, the Emerging Technology Partner of the Year award, and was named a winner in Boomi's AI Agent Hackathon. Atturra has maintained a partnership with Boomi since 2016, supporting more than 1,250 projects throughout Asia Pacific during that time. Jason Frost, Executive General Manager Data and Integration at Atturra, said, "Our ongoing multi-year awards recognition since 2018 with Boomi is testament to the success of our working relationship in providing demonstrable return on investment with the Boomi platform to customers across more than 1,250 projects in the Asia Pacific region." Frost continued, "Our winning experience in supporting organisations with implementation and advisory capabilities across various industries, including higher education, local government and utilities, along with implementation, helps organisations integrate and automate their systems to ultimately create 'moments that matter with data'." He added, "During the year ahead, we look forward to bringing more of our specialist Boomi practice expertise to enterprises in North America following our recent acquisition of Kitepipe, a Boomi Platinum Partner with over 10 years' experience in Boomi integration services and specialising in Boomi enablement, monitoring and managed services." The APJ Partner Awards from Boomi are determined by a review of how partners use the Boomi Enterprise Platform to foster creativity, innovation, and address complex challenges, as well as how they deliver environmental and social benefits to their clients. Jim Fisher, Vice President of Channels and Partners, APJ at Boomi, highlighted the role of partners in the Boomi ecosystem, stating, "Our growing community of partners is instrumental to our success, delivering smart, scalable solutions that help more than 23,000 global customers thrive. We are proud to celebrate our partners who go beyond implementation to drive measurable business impact for our customers, simplifying complexity and scaling innovation." Atturra's success in Boomi's AI Agent Hackathon involved the development of the Atturra CodeGuard AI Agent, a tool designed to monitor Boomi code quality and conduct process design reviews. This AI agent was made available through the Boomi Platform's AI Agent Marketplace. The AI Agent Hackathon, which took place from January to April 2025, invited participants to develop generative AI-powered agents using Boomi's AI Agent Framework. Atturra's entry was recognised in a competitive field, judged on criteria of innovation, use of the framework, business value, and quality of implementation by a panel comprising Boomi leaders and external industry experts. Atturra's recent acquisition of Kitepipe is expected to help extend its Boomi offering to enterprises in North America. Kitepipe, which has over a decade of experience as a Boomi integration specialist, now expands Atturra's capabilities in enablement, monitoring, and managed services. Atturra's partnerships and client base span sectors including local government, utilities, education, defence, government, financial services, and manufacturing, partnering with technology suppliers such as Microsoft, Denodo, Boomi, OpenText, Smartsheet, QAD, Infor, and Solace. Boomi's global ecosystem supports over 23,000 customers, with its partner community contributing to delivery of business solutions that address complex integration and automation challenges.
Yahoo
12-05-2025
- Business
- Yahoo
Exploring Asian Undervalued Small Caps With Insider Action In May 2025
As global markets continue to navigate the complexities of trade negotiations and economic policy shifts, small-cap indexes have shown resilience, posting gains for several consecutive weeks. In this environment, investors often look for stocks with strong fundamentals and insider activity as potential indicators of value, particularly in dynamic regions like Asia where market sentiment can rapidly shift. Name PE PS Discount to Fair Value Value Rating Security Bank 4.7x 1.1x 36.34% ★★★★★★ Atturra 29.7x 1.2x 35.21% ★★★★★☆ Hansen Technologies 288.3x 2.8x 23.75% ★★★★★☆ Viva Energy Group NA 0.1x 47.76% ★★★★★☆ Puregold Price Club 9.3x 0.4x 26.77% ★★★★☆☆ Dicker Data 19.8x 0.7x -39.50% ★★★★☆☆ Sing Investments & Finance 7.0x 3.5x 43.93% ★★★★☆☆ Smart Parking 72.6x 6.4x 47.05% ★★★☆☆☆ Integral Diagnostics 163.1x 1.9x 42.22% ★★★☆☆☆ Charter Hall Long WALE REIT NA 11.7x 21.68% ★★★☆☆☆ Click here to see the full list of 62 stocks from our Undervalued Asian Small Caps With Insider Buying screener. Let's uncover some gems from our specialized screener. Simply Wall St Value Rating: ★★★★☆☆ Overview: Bell Financial Group is a financial services company that provides broking, products and services, and technology platforms with a market cap of A$0.54 billion. Operations: The company's revenue is primarily derived from Broking, Products & Services, and Technology & Platforms segments. It has experienced fluctuations in its gross profit margin, which reached 92.18% in the quarter ending December 2020 but decreased to 89.53% by December 2023. Operating expenses are a significant part of the cost structure, with General & Administrative Expenses consistently being a major component. PE: 13.5x Bell Financial Group, a smaller player in Asia's financial sector, recently reported an increase in revenue to A$276.38 million for 2024, up from A$247 million the previous year. Net income also rose to A$30.74 million. Despite relying solely on external borrowing for funding, insider confidence is evident with recent share purchases by insiders over the past six months. Earnings are expected to grow at nearly 14% annually, suggesting potential for future value appreciation amidst its current market position. Get an in-depth perspective on Bell Financial Group's performance by reading our valuation report here. Examine Bell Financial Group's past performance report to understand how it has performed in the past. Simply Wall St Value Rating: ★★★★★☆ Overview: Elders operates a diverse agribusiness offering services and products through its branch network, wholesale products, and feed and processing services, with a market capitalization of A$1.65 billion. Operations: Branch Network is the primary revenue stream, contributing significantly to total income, followed by Wholesale Products and Feed and Processing Services. The company's gross profit margin has shown variability, reaching a high of 21.72% in 2019-03-31 before declining to 17.29% by 2023-03-31. Operating expenses are largely driven by Sales & Marketing costs, with General & Administrative expenses also playing a role in the cost structure. PE: 27.5x Elders, a small company in Asia, is catching attention due to insider confidence with recent share purchases over the past six months. Despite its low profit margins of 1.4% compared to last year's 3%, the forecasted earnings growth of 26.15% annually offers potential upside. However, reliance on external borrowing for funding poses risks. Upcoming Q1 2025 results on March 4 could provide insights into their financial trajectory and address concerns about past shareholder dilution and large one-off items affecting earnings quality. Take a closer look at Elders' potential here in our valuation report. Gain insights into Elders' past trends and performance with our Past report. Simply Wall St Value Rating: ★★★★★☆ Overview: Nuix is a technology company specializing in software and programming solutions, with operations focused on providing data analytics and intelligence software, and it has a market cap of A$0.31 billion. Operations: Nuix generates revenue primarily from its Software & Programming segment, with recent figures reaching A$227.37 million. The company has seen fluctuations in its net income margin, which was -0.0024% as of the latest period. Operating expenses are a significant cost factor, with notable allocations to sales and marketing and research and development efforts. Gross profit margin has shown some variation over time, recently recorded at 90.03%. PE: -1362.9x Nuix, a company recently added to the S&P/ASX 200 Index in March 2025, presents an intriguing investment case with its forecasted earnings growth of nearly 54% annually. Despite reporting a net loss of A$10.4 million for the half-year ending December 2024, up from A$4.83 million previously, insider confidence is evident with share purchases over recent months. The company's reliance on external borrowing highlights funding risks but also underscores potential for strategic growth within its industry context. Click here to discover the nuances of Nuix with our detailed analytical valuation report. Explore historical data to track Nuix's performance over time in our Past section. Discover the full array of 62 Undervalued Asian Small Caps With Insider Buying right here. Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance. Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:BFG ASX:ELD and ASX:NXL. Have feedback on this article? Concerned about the content? with us directly. 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