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
NYAB provides services of engineering, construction and maintenance with a focus on sustainable infrastructure and renewable energy. Offering includes, among others, roads, railways, bridges, airports, wind and solar power, as well as power networks. In addition, NYAB provides various types of facilities for industrial clients. NYAB operates in Sweden and Finland within both private and public sector.
Read more on company pageKey Estimate Figures27/06
2023 | 24e | 25e | |
---|---|---|---|
Revenue | 280.4 | 345.2 | 390.0 |
growth-% | 10.70 % | 23.09 % | 13.00 % |
EBIT (adj.) | 17.8 | 24.6 | 28.4 |
EBIT-% (adj.) | 6.35 % | 7.12 % | 7.28 % |
EPS (adj.) | 0.02 | 0.03 | 0.03 |
Dividend | 0.01 | 0.01 | 0.02 |
Dividend % | 2.55 % | 2.45 % | 3.35 % |
P/E (adj.) | 29.49 | 16.79 | 13.38 |
EV/EBITDA | 17.25 | 10.49 | 8.83 |