Kreate: Market traction improving
The first months of the year for Kreate went almost as expected in a seasonally weaker Q1. The profitability trend is moving in the right direction, as the results improved for the second quarter in a row. The market is now also showing clear 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 expected return is further supported by the 6% dividend, made possible by the strong cash flow.
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 Figures28/04
2023 | 24e | 25e | |
---|---|---|---|
Revenue | 320.0 | 279.5 | 297.4 |
growth-% | 16.85 % | -12.67 % | 6.40 % |
EBIT (adj.) | 7.6 | 9.0 | 10.8 |
EBIT-% (adj.) | 2.36 % | 3.22 % | 3.62 % |
EPS (adj.) | 0.44 | 0.56 | 0.73 |
Dividend | 0.48 | 0.49 | 0.50 |
Dividend % | 6.65 % | 6.20 % | 6.33 % |
P/E (adj.) | 16.51 | 14.18 | 10.88 |
EV/EBITDA | 5.80 | 6.35 | 5.87 |