DASHBOARD: Enterprise ICT valuation comps for June 2025
- Publisher : Venture Insights
- Publish Date : July 7, 2025
This Enterprise ICT Valuation report provides a comprehensive analysis of key financial metrics for enterprise ICT stocks listed in Australia and New Zealand (ANZ). It includes detailed visualisations of monthly and annual share price movements, key earnings multiples, and forward earnings multiples compared to forward growth estimates. Additionally, it tracks share price trends over the past twelve months, offering valuable insights for market participants.
Figure 1: ANZ enterprise ICT share price changes June 2025
Source: Firehawk
Key developments
Enterprise ICT stocks in Australia and New Zealand showed mixed performance over the last year. Overall, economic growth is expected to be sluggish relative to previous years, creating uncertain performance for enterprise ICT equities. Some of these companies are growing through acquisition rather than organically, and are exposed to any economic downturn.
Comms Group
Comms Group’s stock rose by around 5% during June, with no price sensitive announcements released by the company. The company did confirm the completion of its previously announced acquisition of TasmaNet, a leading provider of premium communication and managed IT services to the Tasmanian Government and businesses in Tasmania. The company described the acquisition a “highly strategic, adding key network assets, corporate and government customers”. The purchase price is reported as $10m, $7m of which to come from an equity raise and the remainder from a debt facility provided by Regal Funds Management.
Spirit Technology
Spirit Technology’s stock increased by around 15% during June, despite no price sensitive announcements being released. The microcap has rebounded around 20% since its low at the end of April, however the company’s stock is still down around 22% since the start of 2025, with investors not satisfied with the company’s financial performance from its 1H25 results.
Data#3
Data#3’s stock rose by around 2% in June, despite no price sensitive announcements being released since the company’s 1H25 results from late February, which included gross sales up 7.4% on the prior corresponding period to $1.4b and EBIT up 4.6% on the prior corresponding period to $26m. The company did announce in June that it had appointed two new non-executive directors for the company’s Board, Diana Eilert and Laurence Baynham.
Figure 2: ANZ enterprise ICT valuation multiples June 2025
Source: Firehawk
About Venture Insights
Venture Insights is an independent company providing research services to companies across the media, telco and tech sectors in Australia, New Zealand, and Europe.