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Research

Nightingale Health: Giving commercialization time to take shape

By Antti LuiroHead of Nordic ER Development, Analyst
Nightingale Health
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At the end of last year, Nightingale made its first clear revenue growth leap (+76%) on its journey as a listed company. However, continued strong growth will soon require new commercial contracts, and the company pursues several contracts in the current financial year. Despite the growth surprise, our estimate changes are quite neutral, as our cost estimates became more conservative. Considering the company’s potential, the share is very cautiously valued (wide fair value range EUR 0.4-4.7), but we expect that clearer share price drivers toward the upper end of our valuation range will only surface after more than 12 months.

Nightingale Health operates in the medical technology sector. The company specializes in the development of medical technology products. The product portfolio is broad and includes platforms and services within blood analysis that are used for disease prevention purposes. In addition to the main business, service and related ancillary services are also offered. The business is operated globally with the largest presence in Europe.

Read more on company page

Key Estimate Figures2023-03-24

202223e24e
Revenue2.34.35.2
growth-%0.3 %84.2 %22.2 %
EBIT (adj.)-13.6-18.3-17.0
EBIT-% (adj.)-589.5 %-430.4 %-326.3 %
EPS (adj.)-0.23-0.30-0.28
Dividend0.000.000.00
Dividend %
P/E (adj.)neg.neg.neg.
EV/EBITDA3.1neg.neg.

Forum discussions

a new North Karelia project?.. In my opinion, a good example of what NH’s method can aim for in Finland and similarly elsewhere in aging Western...
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It’s quite small-scale for now, but I suppose that’s how it is when a new concept is introduced to a conservative industry—the first steps are...
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Inderes Uusi tutkimus Nightingalen verianalyysin hyödyistä sydän- ja... Uuden tutkimuksen mukaan yhtiön verianalyysi voi parantaa sydäninfarktien...
9 hours ago
by Pertti
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Interpreted from the original publication with Copilot’s assistance: Traditional cholesterol measurements: LDL, HDL, triglycerides, sometimes...
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Various cholesterols are already measured with “normal” blood tests, and cholesterol-lowering treatment is given as needed. Are the reference...
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Press Release Significant Study: Nightingale Health’s Blood Analysis Helps Prevent 44% More Heart Attacks and Strokes Compared to Current Healthcare...
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