Sitowise: Keeping up the good progress
Q1 results were slightly better than our expectations and the future outlook remains positive with guidance and market activity. However, future economic activity is still subject to uncertainties due to the geopolitical situation. Sitowise's strong order book, efficient business model, light balance sheet and strong cash flow give the company good preconditions to continue profitable organic and inorganic growth. The upside potential in the valuation and dividend create a strong expected return, especially given the growth potential that comes through acquisitions.
Sitowise Group
Sitowise Group operates in the construction and infrastructure industry. The company specializes in the development of major construction projects. Examples of projects that the company carries out, on its own and in collaboration with other companies in the industry, include road and building construction, as well as pipe and underground constructions. The largest operations are in the Nordic market, where customers are found among corporate customers and public actors.
Read more on company pageKey Estimate Figures2022-05-19
2021 | 22e | 23e | |
---|---|---|---|
Revenue | 179.3 | 195.6 | 206.2 |
growth-% | 12.03 % | 9.09 % | 5.39 % |
EBIT (adj.) | 18.9 | 20.1 | 22.0 |
EBIT-% (adj.) | 10.57 % | 10.28 % | 10.66 % |
EPS (adj.) | 0.29 | 0.39 | 0.43 |
Dividend | 0.10 | 0.14 | 0.16 |
Dividend % | 1.24 % | 5.02 % | 5.73 % |
P/E (adj.) | 27.39 | 7.12 | 6.44 |
EV/EBITDA | 13.33 | 5.22 | 4.41 |