Professional
Added to YB: 2025-05-06
Pitch date: 2025-05-02
CXZ.AX [neutral]
Connexion Mobility Ltd
+1.92%
current return
Author Info
Company Info
Connexion Mobility Ltd develops and commercializes fleet management software for the automotive industry in Australia, the United States, Canada, and Mexico.
Market Cap
AUD 14.2M
Pitch Price
AUD 0.03
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.79
P/E
7.47
EV/Sales
0.92
Sector
Software
Category
turnaround
April 2025 Update - Connexion Mobility Ltd
CXZ.AX (holding update): Q3 mixed - revenue +1% but PBT -13% QoQ (still +9% vs H1 avg). Key concern is US auto slowdown affecting activity-based revenue. Main thesis hinges on GM contract renewal in 2026. Trading at 6.5x TTM profit with A$8m cash vs A$22m market cap. Management exploring acquisitions, continuing buybacks, but limited success diversifying beyond GM.
Read full article (2 min)