Category: <span>R&A Reports</span>

Måsøval (MAS)

In this equity research report, analysts Vilhelm Bornefalk and Mary Darbinyan, take a closer look at Måsøval, a Norwegian salmon farming company. Since a tax proposition by the government on farmed salmon the share prices of the entire industry went down, and the unjustifiable regulatory risk still lingers over Måsøval despite industry leading margins.

Marimekko (Pitch Deck)

In this pitch deck, analysts Cassandra Åstenius and Lukas Andersson present a thorough evaluation of Marimekko, grounded in its stronghold within the global design and textile sector. Deploying a holistic blend of valuation techniques — including DCF analysis, peer benchmarking, precedent transactions, and a structured LBO framework — the analysts derive a target valuation for Marimekko between EUR 417-565 million.

Reach Subsea (REACH)

In this equity research report, analysts Emil Ragnartz and Jacob Grimbrandt take a closer look at Reach Subsea, a Norwegian company that offers subsea Inspection, Maintenance, and Repair services for the offshore energy sector. With the coming upcycle in the offshore energy sector and investments in more efficient technique, revenue is estimated to grow at a CAGR of 11.7% and EBIT margin expected to rise from 9.1% to 15.1% by 2027.

ContextVision (CONTX)

In this financial analysis report, analysts Philip Höglund and Caroline Danielsson take a closer look at ContextVision, the world-leading medical imaging company and the sole independent image analysis and enhancement software supplier. Following a spin-off of the Company’s cost burden division within digital pathology last year, thus the Analysts believe that the market seems to miss ContextVision’s highly profitable core business in medical imaging.In this financial analysis report, analysts Philip Höglund and Caroline Danielsson take a closer look at ContextVision, the world-leading medical imaging company and the sole independent image analysis and enhancement software supplier. Following a spin-off of the Company’s cost burden division within digital pathology last year, thus the Analysts believe that the market seems to miss ContextVision’s highly profitable core business in medical imaging.

Odfjell Technology (OTL)

In this financial analysis report analysts Gustav Hilmersson and Anton Saleem Almgren take a closer look at Odfjell Technology, a well-established player in the oil and gas energy industry that provides a wide range of services of oil platforms, including well services, drilling operations and projects & engineering. The analysts estimate a 2023-2027E CAGR of 15.7% and an EBIT margin expansion from 8.0% to 11.4% in 2024E, stemming from expected increases in crude oil prices.

Betsson (BETS)

In this equity research report, analyst David Holm takes a closer look at Betsson, an iGaming company that offers a variety of games and a sportsbook. The Company’s proprietary platform and B2B solutions makes it possible to grow further and increase EBIT-margin to 18.8% 2024E.