Category: Financial Analysis

In this financial report, analysts Elias Borg and Benjamin Holmén take a closer look at GARO Group (GARO), the Swedish developer and manufacturer of electrical installation components and electric vehicle chargers. The analysts expect revenue growth of 46% between 2021A-2023E. This is driven by underappreciated synergies, substantial market growth and a strong brand. Based on a peer and historical analysis, equally weighted, a target EV/EBIT of 26x is justified – implying a price per share of SEK 138.6, and a potential upside of 24.4% by 2023E.

In this financial analysis report, analysts Baback Korpy and Lukas Andersson, deep diver into the industrial elevator and building maintenance group Alimak (ALIG). Alimak is well-established globally, and the recent acquisition of Tractel will increase margins by 3.7 bps to 15.7% in 2023E.

In this financial analysis report, analysts Lukas Forsman and Sofia Nordfjell take a closer look at the Swedish contract manufacturer NOTE. The analysts estimate a revenue CAGR of 19.6% between 2021A-2025E as a result of strong underlying market growth

In this financial analysis report, analysts Noak Neuvonen and Ture Eknor take a closer look at Swedish online wall-art company Desenio Group (DSNO). The analysts estimate a revenue CAGR of 9.0% in 2021A – 2023E due to geographical expansion and increased interest in online, affordable art.

In this financial report, analyst Adrian Olsson and Axel Natt och Dag take a closer look at the Swedish market research company Novus Group. Novus has successfully managed to expose more of the business towards the profitable private sector which, according to the analysts, motivates a revenue CAGR of 11.2% in 2021-2023E and an EBITDA margin of 15.7% in 2023E.

In this financial analysis, analysts Erik Nordwall and Felix Johansson take a closer look at the Swedish software company, Imint Image Intelligence (IMINT), that provides applications for video stabilization and quality improvement for moving cameras.

In this financial analysis report, analysts Carl Windmar and Stella Hall take a closer look at the Swedish wine company Viva Wine Group (VIVA).