In this equity research report, analysts Olga Karasek and Wilhelm Uong examine Sleep Cycle, a leader in sleep tracking applications, poised to benefit from rising demand for sleep-improvement solutions. Revenue is projected to grow at a 7% CAGR through 2029E. A valuation model weighted 67% DCF and 33% peer valuation suggests a target price of SEK 58.4, indicating a 58.3% upside.
In this equity research report, analysts Gustav Wisenius and Jonathan Höglander highlight Nordrest, a foodservice company benefiting from Europe’s military rearmament, with a projected 12.8% CAGR in revenue through 2027E and an 18.1% NTM FCF yield. A DCF and peer valuation imply a target price of SEK 262, indicating a 143.5% upside.
In this equity research, analysts Henri de Vietri and Albin Pehrson explore Modern Times Group (MTG), a mobile-gaming leader. With a 5.7% revenue CAGR through 2029E, driven by strong IPs and improved ARPDAU, and a forecasted 13.7% FCFF yield by 2026E, MTG offers growth with low risk. A DCF and peer valuation suggest a target price of SEK 138.1, indicating a 50.7% upside.
In this equity research, analysts Oscar Isacsson and Jacob Blomberg Persson examine Haypp Group, the global leader in nicotine pouch e-commerce. With a projected 19% CAGR in revenue until 2026E, a DCF and peer valuation imply a target price of SEK 88.5, offering a 46.5% upside.
In this equity research, analysts Tjard Marx and William Samuelsson examine Synsam Group AB, a leading Nordic optical retail chain. Synsam leverages its innovative recurring revenue model, with subscriptions projected to grow at a 17.1% CAGR until 2029E, supported by store expansion and market consolidation. Their DCF and peer valuation suggest a target price of SEK 63.8, implying a 47.0% upside.
In this equity research, analysts Felix Stenström and Konrad Fransson examine MEKO, Northern Europe’s automotive aftermarket leader, benefiting from market consolidation and the EV transition. With a forecasted 7.1% revenue CAGR until 2026E and 240 BPS EBIT margin expansion, their DCF and peer valuation suggest a target price of SEK 183.7, implying a 40.6% upside.
In this pitch deck, analysts Linus Öberg, Filip Berg, and Axel Andersson deliver a comprehensive analysis of Driven Brands. The company is the largest comprehensive
automotive service platform in the U.S. with well-renowned brands.
In this pitch deck, analysts Samuel Ullmann, Svante Jansson and Fredrik Lyrvall deliver an in-depth
analysis of Vistry Group PLC (“Vistry”), the leading provider of affordable mixed tenure homes in the
UK. With the recent transition into a full-on capital-light partnerships model, Vistry is set to release
and distribute upwards of GBP 1bn in tied up capital while also achieving an estimated return on
invested capital of 43.5% in 2026E. Due to the transition not yet being fully priced in and Vistry
continued to be valued on book value, the analysts derive a target price of 2,502 GBX, equivalent to an
upside of 107.7% or a five-year ARR of 24.3%.
In this pitch deck, analysts Axel Grahn and Gent Kita Elezi deliver a thorough analysis of Matas Group, the Nordic leader in health and beauty, emphasising its brand assortment
expansion, financial health and potential market growth. By utilising various valuation methods such as DCF and LBO models, the analysts derive a target valuation range of DKK
6,500 – 8,700m. The following section includes a selection of assumptions underpinning this
valuation, and highlights some of the insights from which the investment considerations were made.
In this presentation, analysts Wictor Bodelind and Gustaf Tamm present an in-depth financial
analysis of Bahnhof AB, Sweden’s fastest growing telecom operator, positioning it as a
compelling target for potential transactions. Leveraging multiple valuation methodologies, a
preliminary assessment indicates an enterprise value in the range of SEK 4,750 – 5,600m. A
robust investment opportunity expected to appeal to a wide range of strategic investors and
financial sponsors.
