iOCO Valuation Multiples

iOCO is valued at $154M as of October 2026, a 0.4x revenue multiple. In the last fiscal year, iOCO revenue was $346M and iOCO EBITDA was $32M.

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iOCO Overview

About iOCO

iOCO Ltd, FormerlyEOH Holdings Ltd is a South Africa-based firm offering IT services, software, IT infrastructure, industrial technologies, and outsourcing services. The company operates through three segments. iOCO segment consists of Digital, infrastructure, connected industrial ecosystem, digital business solutions, EasyHQ, international, and NEXTEC services. The majority of revenue is from Intelligent Technology Solutions.


Founded

1998

HQ

South Africa

Employees

4.4K

Website

ioco.tech

Financials (Last FY)

Revenue: $346M
EBITDA: $32M

EV

$135M

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iOCO Financials

iOCO reported last fiscal year revenue of $346M and EBITDA of $32M.

In the same fiscal year, iOCO generated $96M in gross profit, $32M in EBITDA, and $21M in net income.


iOCO P&L

In the most recent fiscal year, iOCO reported revenue of $346M and EBITDA of $32M.

iOCO is profitable as of last fiscal year, with gross margin of 28%, EBITDA margin of 9%, and net margin of 6%.

See analyst estimates for iOCO
Last FY202320242025202620272028
Revenue$346M$381M$363M$346M
Gross Profit$96M$106M$101M$99M
Gross Margin28%28%28%29%
EBITDA$32M$7M$16M$27M
EBITDA Margin9%2%4%8%
EBIT Margin8%3%4%7%
Net Profit$21M($4M)$4M$16M
Net Margin6%(1%)1%4%
Net Debt($20M)---

Financial data powered by Morningstar, Inc.

iOCO Stock Performance

iOCO has current market cap of $154M, and enterprise value of $135M.

Market Cap Evolution


iOCO's stock price is $0.25.

iOCO share price increased by 1.5% in the last 30 days, and by 2.1% in the last year.

iOCO has an EPS (earnings per share) of $0.03.

See more trading valuation data for iOCO
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$135M$154M2.4%1.5%5.7%2.1%$0.03

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iOCO Valuation Multiples

iOCO trades at 0.4x EV/Revenue multiple, and 4.2x EV/EBITDA.

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iOCO Financial Valuation Multiples

As of October 27, 2026, iOCO has market cap of $154M and EV of $135M.

iOCO has a P/E ratio of 7.3x.

Last FY202320242025202620272028
EV/Revenue0.4x0.4x0.4x0.4x
EV/EBITDA4.2x18.2x8.3x4.9x
EV/EBIT4.6x11.6x8.3x5.2x
EV/Gross Profit1.4x1.3x1.3x1.4x
P/E7.3x(40.7x)37.6x9.9x
EV/FCF14.2x(15.2x)18.7x5.4x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified iOCO Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.

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iOCO Margins & Growth Rates

In the most recent fiscal year, iOCO reported gross margin of 28%, EBITDA margin of 9%, and net margin of 6%.

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iOCO Margins

Last FY20242025202720282029
Gross Margin28%28%29%
EBITDA Margin9%4%8%
EBIT Margin8%4%7%
Net Margin6%1%4%
FCF Margin3%2%7%

iOCO Growth Rates

23/2424/2526/2727/2828/29
Revenue Growth(5%)(5%)
Gross Profit Growth(5%)(2%)
EBITDA Growth120%68%
EBIT Growth39%60%
Net Profit Growth(208%)280%
FCF Growth(181%)245%

Data powered by FactSet, Inc. and Morningstar, Inc.

iOCO Operational KPIs

iOCO's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.

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Last FY202320242025202620272028
Revenue per Employee$0.1M---
Opex per Employee$0.0M---
Opex to Revenue19%25%23%21%

Data powered by FactSet, Inc. and Morningstar, Inc.

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iOCO Competitors

iOCO competitors include PBS Group, FDM Group, Aptitude Software, InfoBeans, Serviceware, Digital Hearts Holdings, Digia, Info-Tech Systems, Performance Technologies and Exsitec.

Most iOCO public comparables operate across IT Consulting.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
PBS Group$375M$54M0.9x-6.4x-
FDM Group$238M$17M0.6x0.6x8.3x5.6x
Aptitude Software$87M$13M1.5x1.5x10.6x-
InfoBeans$54M$14M2.4x-9.1x-
Serviceware$129M$6M1.2x1.1x27.5x21.6x
Digital Hearts Holdings$248M$18M0.6x0.6x8.3x6.6x
Digia$243M$28M0.7x0.7x6.2x6.3x
Info-Tech Systems$44M$16M2.3x2.0x6.3x4.3x

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Acquisitions by iOCO

iOCO has acquired 3 companies to date.

Last acquisition by iOCO was on July 16th 2026. iOCO acquired Astraia Technology for undisclosed valuation.

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Latest Acquisitions by iOCO

Astraia Technology
MySky Networks
Hoverfly Cloud
Description
Astraia Technology is an information technology firm. It supplies enterprise resource planning solutions to commercial clients.
MySky Networks offers managed network operations, infrastructure, and software services including guest WiFi analytics, people counters for venues like malls and hotels, and cloud-based VoIP solutions.
-
HQ CountrySouth AfricaSouth Africa-
HQ City
Cape Town
Johannesburg
-
Deal Date16 Jul 202618 Mar 202621 Jun 2023
Valuationundisclosed$3Mundisclosed
EV/Revenue
EV/EBITDA

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About iOCO

When was iOCO founded?iOCO was founded in 1998.
Where is iOCO headquartered?iOCO is headquartered in South Africa.
How many employees does iOCO have?As of today, iOCO has over 4K employees.
Is iOCO publicly listed?Yes, iOCO is a public company listed on Johannesburg Stock Exchange.
What is the stock symbol of iOCO?iOCO trades under IOC ticker.
When did iOCO go public?iOCO went public in 1998.
Who are competitors of iOCO?iOCO main competitors include PBS Group, FDM Group, Aptitude Software, InfoBeans, Serviceware, Digital Hearts Holdings, Digia, Info-Tech Systems, Performance Technologies, Exsitec.
What is the current market cap of iOCO?iOCO's current market cap is $154M.
What is the current revenue of iOCO?iOCO's last fiscal year revenue is $346M.
What is the current EV/Revenue multiple of iOCO?Current revenue multiple of iOCO is 0.4x.
Is iOCO profitable?No, iOCO is not profitable.
How many companies iOCO has acquired to date?As of October 2026, iOCO has acquired 3 companies.
What was the largest acquisition by iOCO?$3M acquisition of MySky Networks on 18th March 2026 was the largest M&A iOCO has done to date.
What companies iOCO acquired?iOCO acquired MySky Networks, Hoverfly Cloud, and Astraia Technology.
In how many companies iOCO has invested to date?iOCO hasn't invested in any companies yet (or none have been disclosed publicly).

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