MailUp S.p.A. (the 'Company' or 'MailUp'), a company listed on the multilateral trading facility AIM Italia / Alternative Investment Market and operating in the marketing technology field (Reuters: MAIL.MI) (Bloomberg: MAIL IM) (ISIN IT0005040354), hereby notifies that Value Track, the independent financial analysis boutique led by Marco Greco, published an update report on MailUp Group (MAIL.MI / MAIL IM), with a EUR 3.35 fair value (vs a current market price of EUR 2.62, ref. Oct 17) starting from the following key 1H17 messages:

- Organic Revenues growth is accelerating (+29% YoY);
- EBITDA margin in the main business units, i.e. MailUp, Agile Telecom, Acumbamail is increasing;
- Operating Cash Flow generation remains positive with a cash conversion ratio at 75% after tax.

The valuation takes into account on one side the upward re-rating of sector multiples and a lower discount rate for DCF and on the other side expected company's EBITDA estimates.

Download the equity research

Download the press release

MailUp S.p.A. published this content on 19 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 October 2017 07:25:11 UTC.

Original documenthttps://www.mailupgroup.com/2017/10/19/value-track-published-updated-report-mailup-group-eur-3-35-fair-value-vs-current-market-price-eur-2-62/

Public permalinkhttp://www.publicnow.com/view/46CAA2AC55BA60FCF81294116951C46905C85D92