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LeadDesk: Better than its price

LEADDExtensive research22.12.2022 klo 10.36
Antti Luiro, Frans-Mikael Rostedt
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LeadDesk is a SaaS software company whose product enhances the sales and customer service of companies in Europe. Its historical growth track record is good looking beyond short-term challenges. Driven by strong market growth, competitive offering and good strategy implementation we expect the company’s organic growth to be 10-13% in the next few years. Relative to this, the share’s valuation (2023e EV/S: 1.4x) is very attractive and we believe it entails unjustifiably cautious expectations of the company.

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LeadDesk operates in the IT sector. The company operates as a technical developer of software solutions. The solutions are used for analysis and processing of customers' sales and support functions. The largest operations are found in the Nordic market, where the customers consist of small and medium-sized business customers. The head office is located in Helsinki.

Read more on company page

Key Estimate Figures20.12.2022

202122e23e
Revenue24.628.030.7
growth-%78.0 %13.9 %9.8 %
EBIT (adj.)1.10.71.5
EBIT-% (adj.)4.6 %2.4 %4.8 %
EPS (adj.)0.080.030.08
Dividend0.000.000.00
Dividend %
P/E (adj.)274.6142.843.8
EV/EBITDA37.77.35.5

Forum discussions

Here are Frans’s comments on LeadDesk’s recent acquisition​ Inderes – 21 Jul 26 LeadDesk ostaa Telian ACE-alustan houkuttelevan oloisilla ehdoilla...
7/21/2026, 6:16 AM
by Sijoittaja-alokas
7
You don’t get quality for cheap. Sometimes it feels like companies are just buying revenue, justifying it by claiming that profitability will...
7/20/2026, 7:59 AM
by Juippi
3
Could it be a case of FAS accounting for Leaddesk?
7/20/2026, 7:51 AM
by Mainari
1
I can’t find the EV/Revenue (TTM) ratio, but at a glance, it looks quite cheap. The Swedish market is in an excellent growth phase; if they ...
7/20/2026, 7:25 AM
by omatrahat
5
Inderes SISÄPIIRITIETO: LeadDesk ostaa Telian contact center -ohjelmistoalustan ACE:n... LeadDesk Oyj:n yhtiötiedote 20.7.2026 kello 9.00 SIS...
7/20/2026, 6:55 AM
by Harvasepäivä
9
This sector is one of LeadDesk’s clear strategic customer areas. Of course, the company already has, in my estimation, a reasonable market share...
7/2/2026, 1:15 PM
by Frans-Mikael Rostedt
5
@Frans-Mikael_Rostedt Are you aware of what the largest scale tenders in the Nordic social and healthcare sector are that LeadDesk could potentially...
7/2/2026, 9:46 AM
by Putti
4