Gamma Communications market cap is £1.9 b, and annual revenue was £328.9 m in FY 2019

Gamma Communications Gross profit (H1, 2020)93.1 M

Gamma Communications Gross profit margin (H1, 2020), %52.5%

Gamma Communications Net income (H1, 2020)21.2 M

Gamma Communications EBIT (H1, 2020)26.3 M

Gamma Communications Cash, 30-Jun-202042.5 M

Gamma Communications EV1.9 B

Gamma Communications revenue was £328.9 m in FY, 2019 which is a 15.4% year over year increase from the previous period.

Gamma Communications revenue breakdown by business segment: 70.0% from UK Indirect, 25.4% from UK Direct and 4.6% from Other

GBP | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|

## Revenue | 238.4m | 284.9m | 328.9m |

| 12% | 20% | 15% |

## Cost of goods sold | 125.4m | 152.7m | 162.4m |

## Gross profit | 113.0m | 132.2m | 166.5m |

| 47% | 46% | 51% |

## Operating expense total | 101.6m | 111.7m | 138.1m |

## Depreciation and amortization | 14.1m | 13.9m | 17.1m |

## EBIT | 26.2m | 34.4m | 45.5m |

| 11% | 12% | 14% |

## Interest expense | 200.0k | 400.0k | |

## Interest income | 200.0k | 300.0k | 100.0k |

## Pre tax profit | 26.4m | 34.5m | 45.2m |

## Income tax expense | 3.8m | (6.1m) | 10.7m |

## Net Income | 22.6m | 28.4m | 34.5m |

## EPS | 0.2 | 0.3 | 0.4 |

GBP | H1, 2018 | H1, 2019 | H1, 2020 |
---|---|---|---|

## Revenue | 137.6m | 158.2m | 177.3m |

## Cost of goods sold | 75.3m | 80.1m | 84.2m |

## Gross profit | 62.3m | 78.1m | 93.1m |

| 45% | 49% | 53% |

## Operating expense total | 53.1m | 64.9m | 76.6m |

## Depreciation and amortization | 6.3m | 8.6m | 9.8m |

## EBIT | 15.5m | 21.8m | 26.3m |

| 11% | 14% | 15% |

## Interest expense | 100.0k | 100.0k | 400.0k |

## Interest income | 100.0k | 300.0k | |

## Pre tax profit | 15.5m | 21.7m | 26.2m |

## Income tax expense | 2.8m | 3.2m | 5.0m |

## Net Income | 12.7m | 18.5m | 21.2m |

## EPS | 0.1 | 0.2 | 0.2 |

GBP | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|

## Cash | 31.6m | 35.5m | 53.9m |

## Accounts Receivable | 23.2m | 26.4m | 30.4m |

## Inventories | 3.2m | 6.2m | 8.1m |

## Current Assets | 96.4m | 104.5m | 139.5m |

## PP&E | 29.2m | 31.8m | 32.1m |

## Goodwill | 8.0m | 8.0m | 15.3m |

## Total Assets | 153.7m | 194.8m | 238.4m |

## Accounts Payable | 7.9m | 4.4m | 6.1m |

## Short-term debt | 1.5m | 1.3m | |

## Current Liabilities | 49.1m | 48.2m | 59.5m |

## Long-term debt | 2.9m | 11.3m | |

## Non-Current Liabilities | 9.3m | 24.9m | 26.4m |

## Total Debt | 4.4m | 12.6m | |

## Total Liabilities | 58.4m | 73.1m | 85.9m |

## Common Stock | 200.0k | 200.0k | 200.0k |

## Additional Paid-in Capital | 3.8m | 4.6m | 6.6m |

## Retained Earnings | 87.0m | 112.4m | 140.9m |

## Total Equity | 95.3m | 121.7m | 152.5m |

## Debt to Equity Ratio | 0 x | 0.1 x | |

## Debt to Assets Ratio | 0 x | 0.1 x | |

## Financial Leverage | 1.6 x | 1.6 x | 1.6 x |

GBP | H1, 2018 | H1, 2019 | H1, 2020 |
---|---|---|---|

## Cash | 36.9m | 44.8m | 42.5m |

## Inventories | 4.1m | 7.5m | 9.8m |

## Current Assets | 112.0m | 130.6m | 139.7m |

## PP&E | 30.5m | 31.0m | 31.1m |

## Goodwill | 8.0m | 8.0m | 38.6m |

## Total Assets | 175.1m | 220.9m | 277.4m |

## Short-term debt | 1.4m | 800.0k | 2.7m |

## Current Liabilities | 14.6m | 62.2m | 78.4m |

## Long-term debt | 4.2m | 8.3m | 14.8m |

## Non-Current Liabilities | 56.3m | 23.5m | 29.0m |

## Total Debt | 5.6m | 9.1m | 17.5m |

## Total Liabilities | 70.9m | 85.7m | 107.4m |

## Common Stock | 200.0k | 200.0k | 200.0k |

## Additional Paid-in Capital | 4.4m | 4.7m | 7.8m |

## Retained Earnings | 95.3m | 125.8m | 155.7m |

## Total Equity | 104.2m | 135.2m | 170.0m |

## Debt to Equity Ratio | 0.1 x | 0.1 x | 0.1 x |

## Debt to Assets Ratio | 0 x | 0 x | 0.1 x |

## Financial Leverage | 1.7 x | 1.6 x | 1.6 x |

GBP | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|

## Net Income | 22.6m | 28.4m | 328.9m |

## Depreciation and Amortization | 14.1m | 13.9m | 25.2m |

## Accounts Receivable | (10.0m) | (1.7m) | (16.7m) |

## Inventories | (200.0k) | (3.0m) | (1.9m) |

## Accounts Payable | 6.8m | (5.7m) | 6.3m |

## Cash From Operating Activities | 35.2m | 36.3m | 46.5m |

## Purchases of PP&E | (23.6m) | (10.2m) | (9.9m) |

## Cash From Investing Activities | (24.5m) | (23.5m) | (19.8m) |

## Long-term Borrowings | (1.6m) | (1.1m) | |

## Dividends Paid | (7.3m) | (8.1m) | (9.2m) |

## Cash From Financing Activities | (7.3m) | (8.9m) | (8.3m) |

## Net Change in Cash | 3.4m | 3.9m | 18.4m |

## Income Taxes Paid | 3.6m | 4.3m | 7.5m |

GBP | H1, 2018 | H1, 2019 | H1, 2020 |
---|---|---|---|

## Net Income | 12.7m | 18.5m | 21.2m |

## Depreciation and Amortization | 6.3m | 8.6m | 9.8m |

## Accounts Receivable | (9.0m) | (14.5m) | (3.5m) |

## Inventories | (900.0k) | (1.3m) | (1.4m) |

## Accounts Payable | 5.3m | 11.3m | 200.0k |

## Cash From Operating Activities | 16.6m | 24.7m | 24.2m |

## Purchases of PP&E | 5.3m | (4.0m) | (3.1m) |

## Cash From Investing Activities | (6.2m) | (8.6m) | (27.3m) |

## Long-term Borrowings | (600.0k) | (900.0k) | (2.0m) |

## Dividends Paid | (5.2m) | (5.8m) | (6.6m) |

## Cash From Financing Activities | (5.1m) | (6.8m) | (8.3m) |

## Net Change in Cash | 5.3m | 9.3m | (11.4m) |

## Interest Paid | 100.0k | ||

## Income Taxes Paid | 1.8m | 2.7m | 7.9m |

GBP | FY, 2017 |
---|---|

## Revenue/Employee | 264.6k |

## Financial Leverage | 1.6 x |

## P/E Ratio | 25.0 |

FY, 2014 | FY, 2015 | H1, 2016 | FY, 2016 | H1, 2017 | FY, 2017 | H1, 2018 | FY, 2018 | H1, 2019 | FY, 2019 | H1, 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|

## Broadband Connections | 29 k | 40 k | 54 k | 65 k | 76 k | 85 k | 94 k | 103 k | 111 k | 114 k | |

## SIP Channels | 234 k | 360 k | 413 k | 511 k | 605 k | 680 k | 766 k | 856 k | 856 k | 1.02 m | 1.1 m |

## Recurring Cloud Users | 80 k | 142 k | 188 k | 230 k | 276 k | 331 k | 384 k | 435 k | 478 k | 522 k | 560 k |

## Channel Partners | 725 | 834 | 906 | 970 | 1.02 k | 1.09 k | 1.15 k | 1.15 k | |||

## Ethernet Connections | 2.4 k | 3.52 k | 4.3 k | 5 k | 8 k | 8.37 k | 11 k | 13.9 k | 15.3 k | ||

## Direct Customers | 90 | 109 | 131 | 159 | 176 | 199 | |||||

## Locations | 6 | 6 | 6 | 6 | 6 | 6 | |||||

## Mobile Connections | 35 k | 42 k | 50 k | 60 k | 62 k | 64 k |