Enento: Operating environment is not easing any time soon
We consider the stock price reaction to the profit warning to be strong, despite the decline in forecasts. We see an improved expected return for the share following the price decline, but do not consider the valuation (2023e EV/EBIT 13x) to be exceptionally attractive given the weak near-term drivers of the business. Thus, we are waiting for an even better risk/return ratio to take a stronger view on the stock.
Enento Group
Enento operates in the IT sector. Within the Group, there is specialist competence in the development of digital information services that concern risk management, decision-making, sales, and marketing. The vision is to offer programs and digital platforms that can also be used for the analysis of company data, routines, and decision-making processes. The company was previously known as Asiakastieto and is headquartered in Helsinki.
Read more on company pageKey Estimate Figures2023-10-11
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 167.5 | 155.1 | 162.6 |
growth-% | 2.45 % | -7.44 % | 4.88 % |
EBIT (adj.) | 49.1 | 45.6 | 48.2 |
EBIT-% (adj.) | 29.32 % | 29.42 % | 29.65 % |
EPS (adj.) | 1.11 | 1.17 | 1.38 |
Dividend | 1.00 | 1.00 | 1.05 |
Dividend % | 4.67 % | 5.55 % | 5.83 % |
P/E (adj.) | 19.20 | 15.35 | 13.10 |
EV/EBITDA | 11.63 | 10.60 | 9.23 |