In this equity research report, analysts David Holm and Estelle De Geer take a closer look at BEWi, a Norwegian industrial company that produces packaging, components and insulation solutions made of Styrofoam. The analysts estimate a revenue growth CAGR of 18.9% between 2021-2025E as a result of increased demand stemming from EU’s climate targets, an integrated profitable business model and strong local market positions.
In this equity research report, analysts Edvin Jabeskog and Olof Nordin take a closer look at the Swedish ventilation company Lindab AB (LIAB). The Company’s has made a substantial transformation since 2018 but is, despite an EBIT margin increase of 6.0%, and an ROE increase of 7.0%, still valued below its historical average
In this financial analysis report, analysts Felix Johansson and Keller Edstrand take a closer look at the Swedish education company Academedia. Academedia is set to benefit from various macro trends in the upcoming three years which, according to the analysts, motivates a revenue CAGR of 15.7% between 2022-2025E.
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 equity research report, analyst Axel Andersson takes a closer look at Vow, a Norwegian company providing waste and water solutions. The analyst estimates a rapid 30.9% topline growth CAGR to 2024E, resulting from worldwide environmental initiatives including RepowerEU, the EU green deal, and the Inflation reduction act. Vow is estimated to gain significant operating leverage in the upcoming years increasing EBITDA margins from 12.9% to 16.8% in 2024E.
In this equity research report, analysts Cassandra Åstenius and Gunnar Hallberg take a closer look at Gomero, a Swedish safety company working with predictive maintenance of electric network stations. The analysts estimate that Gomero’s international expansion plans, new software solution, and upcoming investments within the energy sector will pave the way for a net sales CAGR of 16.5% between 2021A-2024E.
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 equity research report, analysts Björn Jönsson and Felix Young take a closer look at the Norwegian home textile and interior retail company KID Interior (KID). The analysts estimate an online revenue CAGR of 42.8% 2021A-2025E, primarily driven by KID’s strong brand recognition, market share and beneficial customer club.
In this equity research report, Adam Andre and August Winzell take a closer look at Veteranpoolen (VPAB), a senior staffing company operating in Sweden. The analysts estimate that Veteranpoolens decentralized business model, key investments in digital solutions will lead to operating leverage and that the expansion into new market segments will pave the way for a net sales CAGR of 12.5% between 2021A-2023E.
