Tecnotree: Fruit of the money tree yet to be harvested
Over the last few years, Tecnotree has sealed its return from a company in crisis to a profitable growth company. However, this growth has tied up significant working capital in the form of receivables, and in the coming years the company will need to demonstrate a sustained improvement in its cash flow profile. At the same time, the company is struggling with a number of external challenges, such as high cost inflation and economic uncertainty affecting its customer base. Despite the elevated risks and the weaker profitability estimates for next year than in recent years, the valuation of the stock looks attractive (2023e: EV/EBIT 8x and P/E 12x).
Tecnotree
Tecnotree är verksamt inom IT-sektorn. Bolaget är specialiserat inom utveckling av digitala kommunikationslösningar. Tjänsterna inkluderar exempelvis tjänster för affärsprocesser och abonnemangshantering för företagskunder inom telekom och andra digitala tjänsteleverantörer. Verksamhet innehas på global nivå, med störst närvaro runtom Asien, Afrika och Mellanöstern.
Read more on company pageKey Estimate Figures2022-09-15
2021 | 22e | 23e | |
---|---|---|---|
Omsättning | 64,2 | 69,3 | 74,6 |
tillväxt-% | 21,59 % | 7,99 % | 7,66 % |
EBIT (adj.) | 23,7 | 16,9 | 18,3 |
EBIT-% | 36,88 % | 24,33 % | 24,54 % |
EPS (adj.) | 0,06 | 0,04 | 0,05 |
Utdelning | 0,00 | 0,00 | 0,00 |
Direktavkastning | |||
P/E (just.) | 501,13 | 103,11 | 91,96 |
EV/EBITDA | 364,05 | 61,82 | 56,00 |
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