NYAB: Preliminary signs of recovery in the market
The company's Q4 results were operationally well in line with our forecasts. We also believe that this year's guidance, which is non-numerical, is pretty much in line with our expectations, although it leaves a lot of room for interpretation with the current data. In view of the report, which was largely in line with our expectations, and the cautiously positive market commentary, we have made only minor revisions to our forecasts for the coming years and expect the company's revenue and EBIT to increase significantly in the current year. However, given the elevated valuation for the current year as a whole, we continue to view the expected risk-adjusted return as inadequate.
NYAB
NYAB tillhandahåller tjänster inom teknik, konstruktion och underhåll med fokus på hållbar infrastruktur och förnybar energi. Erbjudandet omfattar bland annat vägar, järnvägar, broar, flygplatser, vind- och solkraft samt kraftnät. Dessutom tillhandahåller NYAB olika typer av anläggningar för industrikunder. NYAB är verksamt i Sverige och Finland inom både privat och offentlig sektor.
Read more on company pageKey Estimate Figures28/02
2023 | 24e | 25e | |
---|---|---|---|
Omsättning | 280,4 | 328,4 | 371,1 |
tillväxt-% | 10,70 % | 17,12 % | 13,00 % |
EBIT (adj.) | 17,8 | 21,8 | 25,8 |
EBIT-% | 6,35 % | 6,62 % | 6,95 % |
EPS (adj.) | 0,02 | 0,02 | 0,03 |
Utdelning | 0,01 | 0,01 | 0,02 |
Direktavkastning | 2,55 % | 1,24 % | 1,69 % |
P/E (just.) | 29,49 | 38,74 | 29,08 |
EV/EBITDA | 17,25 | 23,92 | 20,39 |