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. The analysts estimate a revenue CAGR of 14.2% 2021A-2024E and a projected EBIT margin of 31.1% in 2024E. Based on a peer valuation and a target multiple of EV/EBIT of 10.6, a target price of SEK 50.0 and a potential upside of 44.2% is motivated.
Investment highlights:
- Expansion into new markets opens up significant opportunities for organic growth.
- The underlying market trend makes Imint attractive to a larger customer base.
- Cost-efficient business model results in an estimated EBIT margin of 31.1% in 2024E compared to peer median of 8.8%.