NYAB: Preliminary signs of recovery in the market
The company's Q4 results were operationally well in line with our forecasts. We also believe that this year's guidance, which is non-numerical, is pretty much in line with our expectations, although it leaves a lot of room for interpretation with the current data. In view of the report, which was largely in line with our expectations, and the cautiously positive market commentary, we have made only minor revisions to our forecasts for the coming years and expect the company's revenue and EBIT to increase significantly in the current year. However, given the elevated valuation for the current year as a whole, we continue to view the expected risk-adjusted return as inadequate.
NYAB
NYAB är verksamma inom energisektorn. Bolagets verksamhet är inriktad mot energi, infrastruktur och industriellt byggande, samt tillhörande projektledning inom förnybar energi. Särskild fokus innehas mot vindkraftverk. Utöver huvudverksamheten erbjuds alternativa energilösningar samt tillhörande service. Bolagets kunder återfinns exempelvis inom industri samt offentlig sektor. Störst verksamhet återfinns inom den nordiska marknaden.
Read more on company pageKey Estimate Figures28/02
2023 | 24e | 25e | |
---|---|---|---|
Omsättning | 280,4 | 328,4 | 371,1 |
tillväxt-% | 10,70 % | 17,12 % | 13,00 % |
EBIT (adj.) | 17,8 | 21,8 | 25,8 |
EBIT-% | 6,35 % | 6,62 % | 6,95 % |
EPS (adj.) | 0,02 | 0,02 | 0,03 |
Utdelning | 0,01 | 0,01 | 0,02 |
Direktavkastning | 2,55 % | 2,33 % | 3,18 % |
P/E (just.) | 29,49 | 20,65 | 15,50 |
EV/EBITDA | 17,25 | 12,39 | 10,43 |