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

B&M

In this pitch deck, analysts Gustav Wisenius, Gustav Bartholdsson, and Oscar Isacsson present the investment case for B&M European Value Retail. With continued capital returns and a re-rating supported by fundamental outperformance, the base case implies 115% total upside and a clear path to multiple re-rating in the coming years.

WindowMaster A/S

In this fundamental analysis, analysts Erik Månsson and Torkel Johansson take a closer look at WindowMaster A/S, a Danish provider of natural ventilation and smoke control solutions. Positioned to benefit from tightening energy efficiency regulations, the Company is forecast to deliver a revenue CAGR of 7.0% from 2025E through 2028E.

Apetit Oyj

In this equity research report, analysts Gabriel Widsén and William Beer examine Apetit Oyj, one of the market leaders in the Finnish frozen food industry. Based on an equally weighted DCF and peer valuation, using a target multiple of 10.1x 2027E EBIT, a target price of 18.3 EUR is implied, translating to an upside of 31.8%.

Carasent

In this equity research report, analysts Anton Andersson and Nils Annborn takes a closer look at Carasent, a Nordic provider of modern EHR systems, enabling doctors to spend less time on administrative tasks and more time with patients.

ITAB

In this equity research report, Analysts Gabriel Koorits and Mandy Sy take a closer look at ITAB Shop Concept AB (ITAB), a European market leader in in-store solutions and retail technology.