In this financial analysis report analysts Axel Belin and Saadat Mozaffari take a closer look at Nordic Paper, a paper company that offer specialty paper in the A- quality segment globally. The Company’s independent production creates strong pricing power and has allowed Nordic Paper to increase prices with 5.5% p.a., while maintaining an EBITDA margin of 7.2% between 2019A-2022A.
In this equity research report, analysts Andreas Dahlqvist and Christoffer Hägglund take a closer look at Norbit, an innovative tech company offering tailored solutions in three global niche segments: Connectivity, PIR and Oceans, with the Oceans segments driving the thesis.
In this equity research report, analysts Marcus Löfstedt and Linnéa Persson take a closer look at Medistim, a market leader in producing and distributing world-class devices that measure blood flow during cardiac and vascular surgery.
In this equity research report, analysts Edgar Marthin and Wictor Bodelind take a closer look at Nordisk Bergteknik, northern Europe’s largest provider of rock handling and foundation services, operating 24 subsidiaries in geographical clusters across Sweden, Norway, and Finland.
In this financial analysis report analysts Oscar Fredell and Emilian Rehnström take a closer look at Musti Group, a premier pet specialist in pet food and pet accessories and is the Nordic leader within pet food and pet accessory retail, owning companies such as Arken Zoo, Vet Zoo, and Djurmagazinet.
In this equity research report analysts Viktor Holmgren and Melvin Rune take a closer look at Fractal Gaming a founder-led Swedish leading designer and manufacturer of premium PC hardware, including cases, cooling, power supplies, and accessories.
In this financial analysis report, analysts Filip Ledin Nilsson and Jaqueline Westerlund take a closer look at Admicom, the market-leading SaaS provider company serving the Finnish construction industry. With a 9.0% market share and planned international expansion, there is room for penetrating the EUR 323m market in Finland and selected overseas markets that are up to 10.0x the size of the Finnish market.
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.
