Growth at a reasonable price
Over the past two years, Siili has created a basis for the company’s next growth stage. The new, more focused strategy targets stronger growth and internationalization both in terms of the Core business, as well as the Portfolio units. According to our view, the company still has work to do in fixing the profitability base of the Core business. At the current share price, Siili offers investors growth driven by the digitalization trend at a reasonable price. We reiterate our Accumulate recommendation and EUR 13 target price.
Siili Solutions
Siili Solutions is a provider in the IT sector. The company develops and integrates software for information systems and offers services related to the development of technology platforms, information management, IT architecture, and various project management. The competence is found in data management, analysis, and artificial intelligence. Siili Solutions was founded in 2005 and is headquartered in Helsinki.
Read more on company pageKey Estimate Figures2020-12-07
2019 | 20e | 21e | |
---|---|---|---|
Revenue | 80.5 | 84.0 | 96.1 |
growth-% | 14.44 % | 4.35 % | 14.31 % |
EBIT (adj.) | 5.2 | 6.1 | 9.0 |
EBIT-% (adj.) | 6.40 % | 7.21 % | 9.35 % |
EPS (adj.) | 0.53 | 0.63 | 0.99 |
Dividend | 0.26 | 0.36 | 0.48 |
Dividend % | 2.85 % | 6.00 % | 8.00 % |
P/E (adj.) | 17.30 | 9.59 | 6.07 |
EV/EBITDA | 8.90 | 4.18 | 4.55 |