Research & Analysis

LINC R&A: Equity Research, Financial Analysis & Trading and Quantitative Research

With more than 40 student analysts, LINC R&A’s purpose is to provide the most ambitious students at Lund University with the adequate tools, a network, and the right skillset to break into the field of finance. During any given day of the semester, you will find several of our analysts in LINC’s Bloomberg Finance Lab, which is one of the largest within the Nordics.

Equity Research

The Equity Research team is aimed towards students that possess an interest in stocks and investing.

Financial Analysis

If you are looking to pursue a career within Corporate Finance and Investment Banking, look no further!

Trading and Quantitative Research

What is high-frequency trading? What is risk management? Learn more about a quantitative career in finance.

Why should you join?

R&A is a unique offering within LINC that aims toward educating the most ambitious students at Lund University within the field of finance. R&A acts as a complement to the academic approach taught by the university. Thus, R&A teaches the analysts how to apply theoretical concepts in a practical environment, and enables them to learn key skills applicable in finance that are not taught by their study discipline. In-part due to the knowledge gained through R&A, previous analysts have received offers from prestigious firms like Fidelity Investments, Goldman Sachs, JPMorgan, Deutsche Bank, ABG Sundal Collier, BNP Paribas, Nomura, SEB, Nordea and more.

Oscar Petersson

Head of Research & Analysis

Research@linclund.com

Applications to R&A are now closed

To get in contact with us, feel free to come down to LINC’s Bloomberg Finance Lab, as there will almost all of the time be members of R&A in the lab that are willing to answer any questions you might have. You find the lab in the lower level of the main building of the School of Economics and Management at Lund University (Tycho Brahes väg 1, 223 63 Lund) – alternatively, feel free to send an e-mail to research@linclund.com for any questions.

Software applied in our research

Recently Published R&A Reports

Opter AB (Opter)

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%

Profoto Holding (PRFO)

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%.

BEWi (BEWI)

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.

Lindab (LIAB)

In this equity research report, analysts Edvin Jabeskog and Olof Nordin take a closer look at the Swedish ventilation company Lindab AB (LIAB). The Company’s has made a substantial transformation since 2018 but is, despite an EBIT margin increase of 6.0%, and an ROE increase of 7.0%, still valued below its historical average