Enento Q4 on Friday: The market remained subdued
Enento’s operating environment has remained challenging in Q4, and thus we expect the company’s revenue and earnings to continue on a clear downward trend. Due to the weak market development, we have made slight negative adjustments (2-3%) to our revenue and earnings forecasts for the next few years. With the share price rise, the strongest undervaluation (2024e adj. EV/EBIT 12.5x and adj. P/E 14x) has dissolved, but we still find the expected return consisting of earnings growth and dividends attractive.
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 Figures06/02
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 167.5 | 156.9 | 160.9 |
growth-% | 2.45 % | -6.34 % | 2.54 % |
EBIT (adj.) | 49.1 | 46.5 | 47.7 |
EBIT-% (adj.) | 29.32 % | 29.66 % | 29.64 % |
EPS (adj.) | 1.11 | 1.17 | 1.36 |
Dividend | 1.00 | 1.00 | 1.05 |
Dividend % | 4.67 % | 5.51 % | 5.79 % |
P/E (adj.) | 19.20 | 15.44 | 13.31 |
EV/EBITDA | 11.63 | 10.53 | 9.39 |