Analyst values Lifesafe at £1.01 per share

LifeSafe Holdings Plc

WH Ireland the analyst for Lifesafe Holdings Plc has valued the business at £1.01p per share. 

Due to poor market conditions the shares in Lifesafe have traded down from £0.75p since their IPO last year but last week the companies analyst has valued the business at £1.01p per share

The report contains a great deal of very useful information on the Company and includes detailed financial projections - some highlights below

"Encouraging Jan’23 update: Bearing in mind strong momentum reported last month and in September (£2.6m sales in 2H22 as against £1.3m in 1H22), we are now raising our FY23E sales forecast by 18% to £6.5m, and reducing FY23E PBT losses by £100k to £0.4m. This follows on from the previous 30% upgrade to revenues for FY22E."

"Strong brand on Amazon, US shines in particular: Launched on Amazon Prime in the UK in Aug’21, LIFS’ product swiftly became a top seller. With the US launch in 1H22, FY22E has exhibited an accelerating US contribution, an encouraging development."

"Market opportunity: We see a significant opportunity based on the combination of sizeable demand in the UK/globally and the lack of a flexible lightweight alternative to LIFS’ product - borne out by the strong progress of the product since launch."

"Growing and diversifying: Supported by patents pending and granted, the company is developing the next generation of products, which include new environmentally friendly fluids, and a spread of products that will ensure continuing strong growth on top of the benefits of the geographical rollout of the existing product base."

Forecasts/valuation: LIFS has demonstrated strong momentum within its B2C proposition with its product clearly gaining significant global traction while also enjoying downturn protection as an inexpensive but key safety product. The global issue of increasing lithium–ion battery fires and the launch of the TRF fluid in 12/22 provides significant potential future B2B revenue streams. Our current 101p fair value assessment is reached through a combination of relative / cashflow considerations.

The full report can be found on the following link


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