Equity Research
In this equity research report, analysts Emil Ragnartz and Jacob Grimbrandt take a closer look at Reach Subsea, a Norwegian company that offers subsea Inspection, Maintenance, and Repair services for the offshore energy sector. With the coming upcycle in the offshore energy sector and investments in more efficient technique, revenue is estimated to grow at a CAGR of 11.7% and EBIT margin expected to rise from 9.1% to 15.1% by 2027.
In this equity research report, analyst Sebastian Fjellström take a closer look at Paradox Interactive, a Swedish game developer and publisher. With a strong pipeline of game releases in the coming 5 years an estimated revenue CAGR of 14.4% between 2022-2027E is justified.
In this equity research report, analyst David Holm takes a closer look at Betsson, an iGaming company that offers a variety of games and a sportsbook. The Company’s proprietary platform and B2B solutions makes it possible to grow further and increase EBIT-margin to 18.8% 2024E.
In this report, analyst Sten Almgren takes a closer look at Ralph Lauren Corporation (RL). After a five year long strategic reset, RL is on a trajectory to position itself in the global luxury lifestyle market.
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 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 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%.
