A new mix of business boosts Ansys’s bottom line
IM reckons that the modestly priced share is well worth accumulating at current levels
If one considers that the share price of technology engineering specialist Ansys trundled along at under 40c as recently as 2015, it is clear that the easy money has already been made. But there is probably a fair bit of low-risk upside left in the share price. Ansys is an interesting mix of businesses, consisting of defence business Parsec (which specialises in weapon management systems, high security private networks and original and contract manufacturing), Ansysrail (onboard and track side monitoring systems) and Tedaka Network Solutions (fibre component assembly and infrastructure solutions). Telecoms solutions now account for 45% of top line and 52% of profits. Rail still represents 16% of revenue, mining/industrial 11% and defence and cyber security 28%.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.