Category: <span>Fundamental Analysis</span>

Sintercast

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.

CTT Systems

In this fundamental analysis report, analysts Isak Andersson and Viktor Komarek take a closer look at CTT Systems, a Swedish aerospace technology company developing and supplying active humidity control systems for commercial aircraft. Despite strong underlying demand, the CTT share price has been heavily pressured by distributor inventory effects, foreign exchange headwinds, institutional outflows, and broader concerns surrounding the aerospace industry.

I-tech

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%.

Paxman

In this fundamental analysis, analysts Dennis Drevell Smith and Anna-Brita Hunter Nilsson examine Paxman AB, a UK based MedTech company operating a de facto monopoly in mechanical scalp cooling. An equally weighted DCF and relative valuation imply a potential upside of 58%, making Paxman a compelling buy opportunity.

Careium

In this fundamental analysis report, analysts Måns Rössberger and Emma Rosberg take a closer look at Careium AB, a Swedish provider of telecare solutions for seniors. Despite market concerns related to management changes and prior deficiencies in financial communication, Careium is positioned to benefit from a structurally growing market driven by aging demographics, with revenue projected to grow at a 4.0% CAGR through 2027.

Broedrene A&O Johansen

In this fundamental analysis report, analysts Stephanie Jirhage and Kaspar Appelholm take a closer look at Brødrene A&O Johansen, a Danish family-owned wholesaler supplying technical products and components to professional tradesmen across Scandinavia. The market underestimates AOJ’s operating leverage, synergy-driven growth from recent acquisitions and underlying real estate value.

FormPipe Software

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.

Zalaris

In this fundamental analysis report, analysts Fabian Frenander and Jacob Löhr take a closer look at Zalaris, a founder-led Nordic provider of multi-country HR and payroll solutions. Following several years of post-acquisition integration and restructuring, the Company has entered a phase of profitable growth, supported by a continued shift toward SaaS-driven Managed Services and automation.