This fundamental analysis report presents analysts Jesiah Jones Johansson and Hugo Geijer Persson’s coverage of Freja eID, one of three state-approved eID providers in Sweden, operating a B2B SaaS platform where organizations subscribe to integrate Freja’s identity verification.
In this financial analysis report, analyst Nicolaj Feilberg examines Alcadon (ALCA), a Swedish distributor of networking and infrastructure products supplying installers across Northern Europe.
In this report, analysts Emil Sandquist and Isak Lindelöv present a comprehensive analysis of Eltel, a Nordic provider of critical infrastructure services to power and telecom networks.
In this fundamental analysis report, analysts Filip Källenfors and Elin Persson present an investment case for Enersense, a Finnish energy infrastructure services company delivering large-scale energy projects across the Nordics and Baltics.
In this fundamental analysis report, analysts Erik Sommerlou and Sam Drougge take a closer look at Xplora, Europe’s leading provider of senior phones and children’s smartwatches.
In this fundamental analysis, analysts Axel Carlius and Erik Lennvald take a closer look at NOTE AB. NOTE is a Nordic electronics manufacturing services (EMS) provider transitioning from a cyclical, industrially-focused contract manufacturer into a key Nordic defense subcontractor with structurally higher margins.
In this fundamental analysis report, analysts Esther Wärnsby and Gal Teyar take a closer look at SinterCast, a Swedish industrial technology company and the world’s leading supplier of high-volume Compacted Graphite Iron (CGI) process control systems. An equally weighted DCF and peer valuation yields a SEK 132 target price, corresponding to 26.5% upside.
In this fundamental analysis report, analysts William Sjögren and Jakob Lewrén take a closer look at I-tech. The market has punished the company over exaggerated regulatory risks whilst underlying fundamentals and outlook remain strong.
An equally weighted DCF and relative valuation, where a 2027E EV/EBIT of 12x is applied, corresponds to an upside of 37.7%.
In this fundamental analysis report, analysts Linus Melin and Vilhelm Ruhr provide an in-depth analysis of Safeture, a Swedish SaaS microcap operating within people risk management. After a period of stagnant growth driven by prolonged sales lead times and a weak European market, Safeture is positioned for a comeback.
In this fundamental analysis report, analysts Nils Arvidsson and Felix Burestedt take a closer look at Formpipe Software AB, a Swedish software company specializing in document output management as an add-on to ERP systems. Following the divestment of the Company’s public sector operations, Formpipe is transitioning into a pure-play SaaS business with increased scalability and recurring revenues.
