Equity Research
In this pitch deck, analysts Torkel Johansson and William Voldseth present the investment case for XPEL Inc, a market leader in automotive surface protection.
After a weak 2024 driven by supplier-related issues in China, market expectations
have reset. Supported by new product
launches and increasing OEM adoption, the base case implies 38% total upside and
a 12% IRR over three years.
In this pitch deck, analysts Rahil Hussain and Joel Persson present a comprehensive
analysis of NCR Atleos, a leading global provider of ATM infrastructure. While investor focus has remained on short-term hardware cyclicality, perceptions of a structurally declining ATM market, and elevated leverage at separation, the market has overlooked Atleos’ shift toward a more
recurring, service-driven business mix, its scale-driven cost advantages, and disciplined capital allocation strategy.
In this pitch deck, analysts Christian Carlsson, Gabriel Koorits, and Konrad Fransson present the investment case for GCI Liberty. Following the Liberty Broadband spin-off, GCI has entered public markets with low free float, heavy technical selling, and investor confusion around the Malone structure, creating what the analysts view as a rare technical-driven mispricing rather than a fundamental one.
Lululemon Athletica
In this pitch deck, analysts Adam Orvegård and Elvira Husén present the investment case for Lululemon Athletica. As a global premium activewear brand, Lululemon combines performance-driven product innovation with a tightly controlled direct-to-consumer model, resulting in industry-leading margins and strong customer loyalty.
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.
In this pitch deck, analysts Adam Bursic, Albin Pehrson, and Cheng-Tao Lee present a compelling investment case on ACM Research. A DCF valuation supports a target price of $54.34, implying 123.0% upside and a 12.8% IRR through 2032.
In this pitch deck, analysts Mikael Bamberg, Jacob Blomberg Persson, and Tom Henriksson present an in-depth analysis of United Parks and Resorts, a U.S. based operator of 12 regional theme parks under brands like SeaWorld and Busch Gardens. The analysts assign a target price of $78, implying 66% upside from current levels.
In this write-up, senior analyst Edvin Egnell recommend a long buy on Lundin Mining
(LUMI), a mid-tier copper-focused producer undergoing a strategic transformation into a
pure-play growth platform aligned with long-term electrification trends.
In this pitch deck, Axel Andersson and Marius Fischer present a buy recommendation on TransMedics, a disruptive medtech company redefining organ transplantation. The pitch won the inaugural Swedish University Pitch Competition of 2025 judged by Danske Bank.
In this write-up, senior analysts Linus Öberg looks at Deutsche Rohstoff AG (DRO), a €154m
German-listed upstream operator in the U.S Oil & Gas exploration and production (E&P) sector.
Despite robust fundamentals, a track record of accretive capital allocation and an exceptional
management team, the stock remains largely under the radar, trading at a significant discount to both
its peers and the intrinsic value of its reserves.
