CA_Chetanbhasin

Affle Symmetrical triangle breakout likely

NSE:AFFLE   AFFLE (INDIA) LTD
A global technology company with a proprietary consumer intelligence platform that transforms ads into recommendations helping marketers to effectively identify, engage, acquire and drive transactions with their potential and existing users.

The company is into solution like:
1. Data Intelligence
2. Omnichannel for end to end customer journeys
3. Mobile advertising, etc

Key Ratios:
1. Company has delivered good profit growth of 54.4% CAGR over last 5 years
2. Company has a good return on equity (ROE) track record: 3 Years ROE 24.9%
3. Maintaining a good ROCE of 20%
4. Valuation on PEG at 1 signaling fairly valued

Positives
1. FII increased the state by 4%

Projection
Expect 13.4% QoQ growth, primarily by YouAppi addition (exp. 2.6% decline in organic Rev.). Expect OPM to improve by 37bps QoQ, led by op. leverage. Expect PAT to grow by 4% QoQ

Technically
Forming a symmetrical triangle formation, breakout above 1140 will open the stock for levels of 1430 in short term, however a Fib retracement suggest mid to long term 1800 levels likely.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.