In this equity research report, analysts Samuel Ullmann and Svante Jansson take a closer look at Bilia, one of Europe’s largest full-service suppliers of cars. Bilia is set to capitalize on continuing consolidation within the car sales- and services industry, with revenue estimated to grow at a CAGR of 5.0% until 2030. Through an equally weighted DCF and a peer valuation, a target price of 165.1 SEK is implied, indicating a potential upside of 34.5%.

In this equity research report, analysts Daniel Leksell and Marcus Oscarsson take a closer look at LumenRadio, a Swedish company that offers wireless communication technology. The Company’s technology enables physical devices to communicate through an Internet of Things (IoT) solution that replaces the need for cables in critical business operations.

In this equity research report, analysts Axel Agardh and Emil Anttila present an analysis of Hove A/S, the Danish frontrunner in lubrication solutions and pumps for industrial applications, with a keen focus on wind turbines. Hove commands a 40% market share in a niche, expanding market and is now poised to extend its reach into new territories and sectors.

In this equity research report, analysts Sebastian Fjellström and Johan Axelsson Håkansson take a closer look at Opter, a Swedish SaaS company that is market leaders in Nordics for route optimization and transportation software. The analyst estimate a revenue CAGR of 16.4% between 2021-2025E resulting from customer growth in the existing Nordic markets and an indexed based pricing model creating more revenue per existing customer. An equally weighted DCF and peer valuation with a EV/EBIT target multiple of 19.0x 2024E gives a target price of SEK 72.7, indicating an upside of 41.5%

In this report, analysts Sten Almgren and Ludvig Rippe take a closer look at the Swedish photography lighting provider Profoto (PRFO). The analysts estimate a rising structural demand for premium lighting solutions, driven by commercial brands and e-commerce platforms. Combined with recent initiatives to expand the base of addressable customers, revenue is estimated to grow at a CAGR of 10% 2022-2026E, with the EBIT margin expected to maintain in the range of 26-28%. A DCF-analysis suggests a target price of SEK 108.7 and an upside of 23.7%.

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 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.