NYAB: Strong year-on-year growth expected
The company will publish its Q1 report on Wednesday. We expect the company's revenue to have risen strongly in the seasonally slowest quarter, supported by an increased order book and projects postponed to this year. In contrast, we expect the operating result to have fallen into the red, reflecting the seasonality of the business. In the update, we have slightly raised our forecasts for Q1 and also for the coming years, but the absolute changes are minor. Given the elevated valuation picture for the current year, we remain cautious on the stock.
NYAB
NYAB is active in the energy sector. The company's operations are focused on energy, infrastructure, and industrial construction, as well as associated project management in renewable energy. Special focus is placed on wind turbines. In addition to the main business, alternative energy solutions and associated services are offered. The company's customers are found, for example, in industry and the public sector. The largest business operations are found in the Nordic market.
Read more on company pageKey Estimate Figures05.05.
2023 | 24e | 25e | |
---|---|---|---|
Revenue | 280.4 | 334.7 | 378.2 |
growth-% | 10.70 % | 19.35 % | 13.00 % |
EBIT (adj.) | 17.8 | 22.0 | 26.3 |
EBIT-% (adj.) | 6.35 % | 6.57 % | 6.96 % |
EPS (adj.) | 0.02 | 0.02 | 0.03 |
Dividend | 0.01 | 0.01 | 0.02 |
Dividend % | 2.55 % | 2.09 % | 2.85 % |
P/E (adj.) | 29.49 | 22.72 | 16.89 |
EV/EBITDA | 17.25 | 13.78 | 11.51 |