NoHo Partners: Back to action after COVID cooldown
We expect NoHo to be back on a strong growth track from 2022 onward, and the company’s strategic decisions for the next few years are chiefly right. As the business gradually recovers, the company’s risk level decreases when cash flow improves and the debt burden in the balance sheet decreases. In our view, the stock’s return/risk ratio remains sufficiently attractive, because if our earnings estimates are realized, the valuation level is not high. If the strategy is successful, the long-term earnings potential is also significant.
NoHo Partners
NoHo Partners is a Finnish group specialized in services in the restaurant industry. The group includes around 250 restaurants in Finland, Denmark and Norway. The company's restaurant concept includes, among other things, Elit, Savoy, Teatteri, Sea Horse, Stefans Steakhouse, Palace, Löyly, Hangö Sushi, Friends & Brgrs, Campingen and Cock's & Cows. The company was founded in 1996.
Read more on company pageKey Estimate Figures2021-08-17
2020 | 21e | 22e | |
---|---|---|---|
Revenue | 156.8 | 175.2 | 290.0 |
growth-% | -42.53 % | 11.72 % | 65.57 % |
EBIT (adj.) | -24.0 | -9.7 | 19.0 |
EBIT-% (adj.) | -15.29 % | -5.55 % | 6.54 % |
EPS (adj.) | -1.43 | -0.62 | 0.58 |
Dividend | 0.00 | 0.00 | 0.30 |
Dividend % | 3.80 % | ||
P/E (adj.) | - | - | 13.63 |
EV/EBITDA | 17.07 | 10.00 | 5.73 |