Conversation 187: With a P/E of 7.7 and an Enterprise value/EBITDA of 3.8 is the AVA Group misunderstood?

CEO Rob Bloomfield told me that there may be an issue around the group’s visibility and profile with investors. He believes some big contract wins could help in this regard. However, he says a company shift to more innovative use of Machine Learning and AI, applied to AVA’s 2.5k installed existing systems, along with a shift to licensing and partnering deals with local suppliers, is showing the way forward for the group. He cites a recent tender contract win with the Indian Army, to protect their fiber optic critical communications network as an example.

He also believes this approach will result in more recurring revenue and an opportunity for AVA to generate SaaS-type offerings based on learnings from ML and AI system updates.