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Stock Analysis & ValuationItim Group Plc (ITIM.L)

Professional Stock Screener
Previous Close
£44.00
Sector Valuation Confidence Level
Low
Valuation methodValue, £Upside, %
Artificial intelligence (AI)76.4574
Intrinsic value (DCF)23.33-47
Graham-Dodd Method0.28-99
Graham Formula0.12-100

Strategic Investment Analysis

Company Overview

Itim Group Plc is a UK-based software company specializing in retail technology solutions. Founded in 1993 and headquartered in London, Itim provides a suite of retail software solutions, including multi-channel sales & service, enterprise order management, price & stock optimization, and supplier management. The company also offers data exchange services and consultancy, catering primarily to retailers in the UK, Europe, and internationally. Operating in the competitive Software - Application sector, Itim focuses on helping retailers optimize operations and enhance customer experiences through technology. Despite its niche focus, the company faces challenges in scaling against larger competitors. With a market cap of approximately £15.2 million, Itim remains a small-cap player in the retail software space, targeting mid-sized retailers seeking specialized solutions.

Investment Summary

Itim Group Plc presents a high-risk, speculative investment opportunity. The company operates in a competitive retail software market, where it struggles with profitability, reporting a net loss of £892,000 in FY 2023. While its revenue of £16.1 million suggests moderate demand for its solutions, negative EPS (-£0.0286) and minimal operating cash flow (£527,000) raise concerns about sustainability. The lack of dividends and reliance on a niche market further limit appeal. However, its low beta (0.763) indicates lower volatility relative to the market, which may attract risk-averse investors. Investors should weigh its specialized retail software expertise against its financial struggles and competitive pressures.

Competitive Analysis

Itim Group Plc competes in the retail software market, where it differentiates itself through specialized solutions for mid-sized retailers. Its competitive advantage lies in its deep domain expertise in retail operations, particularly in multi-channel sales and inventory optimization. However, the company lacks the scale and financial resources of larger competitors, limiting its ability to invest in R&D and global expansion. Itim’s focus on the UK and European markets provides regional strength but exposes it to local economic fluctuations. The company’s negative net income and constrained cash flow further hinder its ability to compete aggressively. While its software offerings are well-regarded in niche segments, Itim struggles to differentiate against cloud-based SaaS competitors that offer more scalable and modern solutions. Its long-standing client relationships provide some stability, but growth prospects remain uncertain without significant investment or strategic partnerships.

Major Competitors

  • SAP SE (SAP.DE): SAP is a global leader in enterprise software, including retail solutions. Its vast resources, cloud-based offerings, and extensive R&D budget dwarf Itim’s capabilities. However, SAP’s focus on large enterprises may leave room for Itim in the mid-market. Weaknesses include high costs and complexity, which Itim could exploit with simpler, niche solutions.
  • Oracle Corporation (ORCL): Oracle provides comprehensive retail software, including cloud-based solutions. Its global reach and financial strength make it a formidable competitor. However, Oracle’s broad focus may overlook specialized needs that Itim addresses. Weaknesses include high licensing costs and a reputation for complex implementations, areas where Itim could compete on agility and cost.
  • Mast Group Limited (MSTY.L): Mast Group offers retail IT solutions, competing directly with Itim in the UK market. Its strengths include a strong local presence and tailored services. However, Mast’s smaller scale and lack of international reach mirror Itim’s challenges. Both companies struggle against larger global players but may carve out niches in specific retail segments.
  • London Stock Exchange Group (LSEG.L): Not a direct competitor. Incorrectly included due to lack of clear UK-based retail software peers. Further research needed to identify relevant competitors.
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