In this equity analysis report, analysts Simon Nordstrand and Linda Huang make a thorough analysis of Jetpak Top Holding, a logistics company based in Sweden. The analysis concluded in a projected EBIT CAGR of 14.3% between 2019-2022E. Furthermore, a peer valuation and a two-year discount of the share analysis resulted in an implied upside of 33.1%.
Investment highlights:
- Geographical expansions bringing opportunities for further growth – Denmark now 19.9% of Jetpak’s sales.
- A strong position in Ad-hoc with a market share of 72% in the Nordics.
- High EBIT margin of 7.8% compared to peers as a result of diligent cost management.
