(10 December 2021) Research Report: A recent report from Bridge Street Capital has valued ActivePort at 36c a share, more than double its current share price..

Recently listed global telecommunications software provider, ActivePort Group (ASX:ATV), is undervalued according to Sydney-based Bridge Street Capital Partners.

Bridge Street’s analyst Daniel Seeney views ATV as having a strong competitive edge within the network orchestration software space, and led by a strong and capable management.

Seeney considers ATV’s capex-light model in conjunction with its high margin, recurring revenue business model to represent a significant flywheel for shareholder returns.

Based on an enterprise value (EV) over sales valuation methodology, his assessment is that the ATV stock is currently trading at a substantial discount, and has initiated a Buy rating with a target price of 36c a share.

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