Market's view on The Pebble Gro.

Published on April 2024

  • The Pebble Group has reported full year results for 2023, showing strong revenue and adjusted EBITDA growth. The North American SaaS business, Facilisgroup, highlighted a revenue increase of 31%.
  • Concerns are raised about the disappointing results from Facilus, seen as a critical driver of The Pebble Group’s growth.
  • The Pebble Group’s shares are perceived to be on a downward trend with its business model lacking traction compared to peers like FOUR.
  • A stock watcher pointed out that while CEO Chris Lee received positive reviews earlier, recent updates have cast doubts on the sustainability of business growth.
  • It’s noted that Brand Addition, part of The Pebble Group, faced a significant revenue reduction in the latter half of the year, which impacted the group’s expectations negatively.
  • The company initiated a share buy-back, which some see as a desperate attempt by the management to prop up the share price.
  • A dividend increase of 100% was announced in mid-January, which did not bring surprises but was viewed positively.
  • There’s speculation on whether there will be a recovery in 2024 from their technology and consumer clients, given the recent performance issues.
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