May 15, 2013
Edison Investment Research, a leading international investment research firm, announces the initiation of coverage of Solera Holdings Inc (NYSE: SLH), a leading supplier of software and services to the global automotive repair processing industry.
Edison's comprehensive report, In good repair, was published today, and examines the investment case for Solera, the leading supplier of productivity solutions to the worldwide automotive repair industry.
Highlights from the analysis from
, head of Edison's Technology team, include:
Valuation toward the premium end of Solera's peer group, justified by the defensibility of the company's position, its strong earnings visibility and cash generation.
Solera is well placed to continue generating leverage through its 'industrialised private equity' acquisition model.
The company benefits from a global footprint and strong market position in all its key geographies.
Solera operates in 63 countries, holding number one or two market position in all its core markets. Audatex, its core product, is the leading solution for estimating repair costs and times globally. The company generated revenues of
in 2012 with
EBITDA, and is targeting growth to
EBITDA by 2020.
For the full report see:
The launch of coverage on Solera marks a further expansion of Edison's worldwide technology coverage. Edison provides research coverage on more than 60 technology companies across the UK, mainland
and Australasia. All reports published by Edison are available to download free of charge from its website
About Edison Investment Research
Edison, the investment intelligence firm, is the future of investor interaction with corporates. Our team of over 100 analysts and investment professionals works with leading companies, fund managers and investment banks worldwide to support its capital markets activity. We provide services to more than 400 retained corporate and investor clients from our offices in
. Edison is authorised and regulated by the Financial Services Authority (
Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.