Analyst Comment
NYAB trading begins today in Sweden
Translation: Original comment published in Finnish on 6/28/2024 at 7:10 am EEST.
Trading in the company ended yesterday, Thursday, on the Finnish First North market and will start today on the Swedish First North Premier Sweden market according to the previously announced schedule. As a result, the share will be quoted in SEK from now on. Reflecting this, we have updated our target price for NYAB in line with the latest EUR/SEK exchange rate to SEK 6.2 (was EUR 0.55). Despite the transfer of listing and domicile, the company will continue to report in euros, at least for the time being, and therefore the move has no impact on our forecasts (operational forecasts also remain unchanged). We will review our forecasts and our view of the company at the latest in the Q2 results.
NYAB provides services within engineering, construction and maintenance with a focus on sustainable infrastructure and renewable energy. The offering includes roads, railways, bridges, airports, wind and solar power and power grids. NYAB also provides various types of facilities for industrial customers. NYAB operates in Sweden and Finland in both the private and public sectors.
Read more on company pageKey Estimate Figures27.06.2024
| 2023 | 24e | 25e | |
|---|---|---|---|
| Revenue | 280.4 | 345.2 | 390.0 |
| growth-% | 10.7 % | 23.1 % | 13.0 % |
| EBIT (adj.) | 17.8 | 24.6 | 28.4 |
| EBIT-% (adj.) | 6.4 % | 7.1 % | 7.3 % |
| EPS (adj.) | 0.21 | 0.30 | 0.38 |
| Dividend | 0.16 | 0.12 | 0.17 |
| Dividend % | 2.6 % | 24.6 % | 33.5 % |
| P/E (adj.) | 29.5 | 1.7 | 1.3 |
| EV/EBITDA | 17.2 | 0.3 | neg. |
Forum discussions
