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Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

Taking a breather from forward-leaning valuation

HEALTHResearch2024-05-13 08:43
Antti LuiroHead of Nordic ER Development, Analyst
Discuss
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Nightingale has continued to lay the groundwork for future growth by announcing new research customers where we see the potential for greater commercial opportunities in the future. The news adds some visibility to our top-line growth projections and provides a rationale for a positive share price development. The main risk to growth remains the success in scaling up the won clinical accounts. Against this backdrop, we think the share valuation has become too forward-oriented (+76% since our March 8 report). We believe the risk/reward is unsatisfactory based on the current data and await further news from the company's customer base or a moderation in the valuation.

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 Figures2024-05-10

202324e25e
Revenue4.24.78.7
growth-%80.8 %12.8 %85.0 %
EBIT (adj.)-18.5-17.8-17.6
EBIT-% (adj.)-442.9 %-377.5 %-201.9 %
EPS (adj.)-0.30-0.27-0.27
Dividend0.000.000.00
Dividend %
P/E (adj.)neg.neg.neg.
EV/EBITDA0.8neg.neg.

Forum discussions

There was just a segment of a few minutes on this on the 10 o’clock news! Nightingale wasn’t mentioned by name, but it’s great if this helps...
11/11/2026, 8:17 PM
by Yariskuski
7
mtvuutiset.fi – 11 Nov 26 Työttömien terveystarkastuksiin uusi verikoe: Sairastumisriskejä arvioidaan... Työttömien terveystarkastuksissa otetaan...
11/11/2026, 9:39 AM
by Pertti
13
Inderes Nightingale Healthin sairastumisriskien tunnistus saataville Alankomaissa... Nightingale Health Oyj | Lehdistötiedote | 10.11.2026 klo...
11/10/2026, 7:03 AM
by Pertti
21
Well, well. It could be that these continuous little breadcrumbs of news are (no longer so weak) signals of an impending tsunami. And these ...
11/6/2026, 9:50 AM
by Balle Ramsted - pienehkö kasvusijoittaja nupullaan
9
Inderes Nightingale Healthin sairastumisriskien tunnistus osaksi lontoolaisen Barnes... Nightingale Health Oyj | Lehdistötiedote | 06.11.2026...
11/6/2026, 9:02 AM
by Pertti
17
NGH doesn’t have clinical validation in Europe either for all the parameters they advertise for research use. Different audiences, different...
11/6/2026, 7:53 AM
by omegaalpha
0
As I understand it, one LDT approval covers a bundle from a total set of different blood biomarkers/values, of which there are about 250 in ...
11/6/2026, 6:08 AM
by Pertti
2