Sitowise: Achieving growth
The report for the final quarter of the year was in line with our expectations. The outlook appears good for growing business areas, although inflation and a slowdown in construction are adding to uncertainty in certain areas. In line with the new strategy and guidance, the focus this year seems to be on long-term development rather than short-term profitability optimization. However, we believe there is room for improvement in valuation given Sitowise's potential and current performance level.
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 Figures28.02.2023
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 204.4 | 217.5 | 228.6 |
growth-% | 13.99 % | 6.40 % | 5.10 % |
EBIT (adj.) | 17.5 | 18.0 | 23.8 |
EBIT-% (adj.) | 8.54 % | 8.26 % | 10.43 % |
EPS (adj.) | 0.34 | 0.33 | 0.46 |
Dividend | 0.10 | 0.12 | 0.14 |
Dividend % | 1.95 % | 4.18 % | 4.88 % |
P/E (adj.) | 15.02 | 8.57 | 6.19 |
EV/EBITDA | 11.28 | 6.29 | 4.79 |