Teleste: Difficult market conditions postpone US expansion
Teleste's short-term demand outlook has continued to weaken in Broadband Networks, which is holding back existing business in Europe and slowing expansion to North America. On lowered forecasts, the valuation of the stock is not yet materially supported by next year's results but becomes moderate in the medium term with the earnings growth that we expect through volume deliveries in North America. However, we do not believe that the risk/return ratio is currently sufficient to rely on this.
Teleste
Teleste operates in the telecom sector. The company is a supplier of solutions that affect broadband and other information technology. Examples of products and services that the company offers include design, planning, and documentation within network solutions, nodes and amplifiers, security and software solutions, as well as configuration and training. Teleste operates worldwide, but mainly in the Nordic market.
Read more on company pageKey Estimate Figures2023-11-02
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 165.0 | 156.4 | 159.8 |
growth-% | 14.62 % | -5.22 % | 2.18 % |
EBIT (adj.) | 2.0 | 2.6 | 5.3 |
EBIT-% (adj.) | 1.18 % | 1.67 % | 3.31 % |
EPS (adj.) | -0.01 | 0.18 | 0.18 |
Dividend | 0.00 | 0.08 | 0.10 |
Dividend % | 3.08 % | 3.85 % | |
P/E (adj.) | - | 14.84 | 14.84 |
EV/EBITDA | 13.03 | 9.92 | 6.17 |