Initiation of coverage: Strong SaaS growth story
LeadDesk company report (estimates, recommendation and target price) 18/2/2019, translation published 9/9/2019
We initiate the coverage of LeadDesk with an accumulate recommendation and target price of EUR 8.5. LeadDesk offers a cloud service for high-volume sales and customer service needs. The company has a strong track record of rapid and profitable growth in Finland and internationally, as well as a competitive and scalable SaaS business model. LeadDesk has a large target market that is experiencing strong growth with the cloud transformation which, combined with the fragmented field of competition, provides the company with opportunities for both strong organic growth and mergers and acquisitions. By listing, the company pursued more financial resources and a stronger corporate image to support the strategy of profitable growth.
LeadDesk
LeadDesk operates in the IT sector. The company is a technical developer of software solutions that are further used for the analysis and processing of customers' sales and support functions. The largest presence is in the Nordic market, where customers consist of small and medium-sized corporate customers. The head office is located in Helsinki.
Read more on company pageKey Estimate Figures19.08.2019
2018 | 19e | 20e | |
---|---|---|---|
Revenue | 11.0 | 13.1 | 15.4 |
growth-% | 21.31 % | 18.44 % | 17.58 % |
EBIT (adj.) | 0.8 | 1.4 | 1.9 |
EBIT-% (adj.) | 7.57 % | 10.35 % | 12.30 % |
EPS (adj.) | 0.09 | 0.22 | 0.37 |
Dividend | 0.00 | 0.00 | 0.00 |
Dividend % | |||
P/E (adj.) | - | 35.18 | 20.64 |
EV/EBITDA | - | 13.45 | 9.76 |