Kreate: Earnings trend about to reverse
2023 ended strongly for Kreate and the earnings trend seems to have turned in the right direction for the time being. The market is also showing signs of recovery, which bodes well for the delivery of profitable projects in line with Kreate's specialized expertise. The valuation is moderate relative to the earnings improvement in the coming years, and the 7% dividend, supported by strong cash flow, bolsters the expected return.
Kreate Group
Kreate Group is active in the infrastructure sector. The company offers a wide range of services in the development of demanding industrial projects. Examples of services include repair and construction of bridges, track construction for trains and rails, as well as mass excavation and crushing of stone for extensions of new motorways. The largest business operations are in the Nordic market.
Read more on company pageKey Estimate Figures31/01
2023 | 24e | 25e | |
---|---|---|---|
Revenue | 320.0 | 289.7 | 304.5 |
growth-% | 16.85 % | -9.49 % | 5.10 % |
EBIT (adj.) | 7.6 | 9.6 | 11.2 |
EBIT-% (adj.) | 2.36 % | 3.33 % | 3.66 % |
EPS (adj.) | 0.44 | 0.63 | 0.79 |
Dividend | 0.48 | 0.49 | 0.50 |
Dividend % | 6.65 % | 6.20 % | 6.33 % |
P/E (adj.) | 16.51 | 12.48 | 9.99 |
EV/EBITDA | 5.80 | 6.02 | 5.67 |