Sitowise: Moving forward with good prospects
The result for 2021 was largely in line with our expectations and the future outlook seems positive, although there are uncertainties about future economic activity. Good market demand combined with Sitowise's strong order book, efficient business model, light balance sheet, and strong cash flow gives the company good preconditions to continue its strong and profitable growth both organically and through acquisitions. Looking into 2022 we feel the valuation offers sufficient expected return relative to the risks considering the growth opportunities offered by acquisitions.
Sitowise Group
Sitowise Group operates in the construction and infrastructure industry. The company specializes in the development of major construction projects. Examples of projects that the company carries out, on its own and in collaboration with other companies in the industry, include road and building construction, as well as pipe and underground constructions. The largest operations are in the Nordic market, where customers are found among corporate customers and public actors.
Read more on company pageKey Estimate Figures02.03.2022
2021 | 22e | 23e | |
---|---|---|---|
Revenue | 179.3 | 193.3 | 203.8 |
growth-% | 12.03 % | 7.81 % | 5.40 % |
EBIT (adj.) | 18.9 | 20.3 | 22.1 |
EBIT-% (adj.) | 10.57 % | 10.52 % | 10.83 % |
EPS (adj.) | 0.29 | 0.41 | 0.44 |
Dividend | 0.10 | 0.14 | 0.16 |
Dividend % | 1.24 % | 4.98 % | 5.69 % |
P/E (adj.) | 27.39 | 6.88 | 6.34 |
EV/EBITDA | 13.33 | 4.85 | 4.33 |