Spritzr: Bottom-line continued to climb

Result Update

For QE31/5/2015, Spritzr's net profit increased 35% q-o-q & 7% y-o-y to RM7.3 million while revenue increased 16% q-o-q or 5% y-o-y to RM72 million. Bottom-line improved q-o-q due to higher sales volume and reduction in packaging material costs.


Table: Spritzr's last 8 quarterly results


Chart 1: Spritzr's last 36 quarterly results

Valuation

Spritzr (closed at RM1.75 yesterday) is now trading at a PE of 10.6 times (based on last 4 quarters' EPS of 16.5 sen). At this PE multiple, Spritzr is still deemed attractive for a consumer stock.

Technical Outlook

Spritzr is in a long-term uptrend, with support from the 30-month EMA line at RM1.80. If an irregular uptrend line is drawn- connecting the trough- the share price is now at this line.


Chart 2: Spritzr's monthly chart as at July 30, 2015 (Source: ShareInvestor.com)

Conclusion

Based on satisfactory financial performance, attractive valuation and mildly positive technical outlook, Spritzr remains a good stock for long-term investment.

Note: 
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, Spritzr.