Taaleri Extensive Report: Road of suffering permanently left behind
We revise Taaleri's target price to EUR 12.5 (previous EUR 11.5) and reiterate our Accumulate recommendation. The company continues with decisive actions to materialize the value of its parts and the next steps for this are clear. Materializing the value of parts still offers a solid return expectation for coming years and if the strategy is successful there is clear value creation potential in the Private equity funds business as well.
Taaleri
Taaleri operates in the financial sector. The company is a Nordic private equity fund company that focuses on renewable energy and other alternative investments. The company has two business segments: Equity Funds and Strategic Investments. With its capital funds, Taaleri creates, for example, wind and solar power, biofuels and real estate. The company was founded in 2007 and its head office is located in Helsinki, Finland.
Read more on company pageKey Estimate Figures2021-08-12
2020 | 21e | 22e | |
---|---|---|---|
Revenue | 69.5 | 54.0 | 49.9 |
growth-% | 3.43 % | -22.27 % | -7.53 % |
EBIT (adj.) | 17.6 | 22.5 | 19.0 |
EBIT-% (adj.) | 25.37 % | 41.70 % | 38.08 % |
EPS (adj.) | 0.46 | 0.61 | 0.49 |
Dividend | 1.32 | 1.40 | 0.50 |
Dividend % | 16.26 % | 16.67 % | 5.95 % |
P/E (adj.) | 17.60 | 13.83 | 17.13 |
EV/EBITDA | 12.23 | 1.26 | 9.28 |