| Valuation method | Value, £ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | n/a | n/a |
| Intrinsic value (DCF) | n/a | |
| Graham-Dodd Method | n/a | |
| Graham Formula | n/a |
Glantus Holdings PLC is a Dublin-based SaaS provider specializing in accounts payable automation and working capital recovery solutions. Operating in Ireland, the UK, the US, and internationally, Glantus offers a proprietary platform that leverages AI and automation to help corporates optimize their accounts payable processes. Key products include DISCOVER (AI-driven overpayment recovery), DELVE (automated transaction matching), FLOW (P2P workflow automation), and ORIGIN (unclaimed credit recovery). Founded in 2014, Glantus targets inefficiencies in financial operations, positioning itself as a fintech innovator in the Software - Infrastructure sector. With a focus on digitizing AP functions, the company addresses a growing demand for financial automation tools amid increasing corporate emphasis on working capital efficiency. Glantus's technology stack combines machine learning with domain expertise, offering a niche solution in the broader enterprise software market.
Glantus presents a high-risk, high-reward proposition with its specialized AP automation SaaS platform. While revenue reached £9.8M in 2022, the company reported a net loss of £6.7M, reflecting significant investment in growth. The negative EPS (-17p) and substantial debt (£12.9M) versus modest cash reserves (£341k) raise liquidity concerns. However, positive operating cash flow (£1.5M) suggests underlying business viability. The low beta (0.67) indicates lower volatility than the market, but the lack of dividends and current unprofitability may deter conservative investors. Glantus's appeal lies in its AI-driven niche within the expanding fintech sector, though execution risk remains elevated given competitive pressures and the capital-intensive nature of SaaS scaling.
Glantus competes in the accounts payable automation segment against both broad ERP providers and specialized fintech players. Its differentiation stems from a singular focus on overpayment recovery and working capital optimization—a narrower value proposition than comprehensive AP platforms. The AI-powered DISCOVER product provides defensible IP, while the combination of analytics (DELVE) and workflow tools (FLOW) creates an integrated suite. However, the company lacks the scale of enterprise software incumbents and faces challenges in displacing entrenched AP modules within major ERP systems. Glantus's UK/Ireland footprint gives regional strength but limits US market penetration compared to North American competitors. The capital-intensive recovery service component (ORIGIN) creates revenue diversity but may dilute SaaS margins. Competitive advantages include deep domain expertise in payment anomalies and a land-and-expand model through value demonstration. Key vulnerabilities include reliance on manual processes for credit recovery and potential feature overlap with broader procure-to-pay suites adding AP automation.