Nightingale Health: Giving commercialization time to take shape
At the end of last year, Nightingale made its first clear revenue growth leap (+76%) on its journey as a listed company. However, continued strong growth will soon require new commercial contracts, and the company pursues several contracts in the current financial year. Despite the growth surprise, our estimate changes are quite neutral, as our cost estimates became more conservative. Considering the company’s potential, the share is very cautiously valued (wide fair value range EUR 0.4-4.7), but we expect that clearer share price drivers toward the upper end of our valuation range will only surface after more than 12 months.
Nightingale Health
Nightingale Health operates in medical technology. The company specializes in the development of medical devices. The product portfolio is broad and includes platforms and services in blood tests that are used for disease prevention purposes. In addition to the main business, service and associated ancillary services are also offered. The business is run globally with the largest presence in Europe.
Read more on company pageKey Estimate Figures2023-03-24
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 2.3 | 4.3 | 5.2 |
growth-% | 0.35 % | 84.25 % | 22.21 % |
EBIT (adj.) | -13.6 | -18.3 | -17.0 |
EBIT-% (adj.) | -589.45 % | -430.38 % | -326.25 % |
EPS (adj.) | -0.23 | -0.30 | -0.28 |
Dividend | 0.00 | 0.00 | 0.00 |
Dividend % | |||
P/E (adj.) | - | - | - |
EV/EBITDA | 3.07 | - | - |