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Research

Taking a breather from forward-leaning valuation

By Antti LuiroHead of Nordic ER Development, Analyst
Nightingale Health
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Nightingale has continued to lay the groundwork for future growth by announcing new research customers where we see the potential for greater commercial opportunities in the future. The news adds some visibility to our top-line growth projections and provides a rationale for a positive share price development. The main risk to growth remains the success in scaling up the won clinical accounts. Against this backdrop, we think the share valuation has become too forward-oriented (+76% since our March 8 report). We believe the risk/reward is unsatisfactory based on the current data and await further news from the company's customer base or a moderation in the valuation.

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Nightingale Health operates in the medical technology sector. The company specializes in the development of medical technology products. The product portfolio is broad and includes platforms and services within blood analysis that are used for disease prevention purposes. In addition to the main business, service and related ancillary services are also offered. The business is operated globally with the largest presence in Europe.

Read more on company page

Key Estimate Figures10.05.2024

202324e25e
Revenue4.24.78.7
growth-%80.8 %12.8 %85.0 %
EBIT (adj.)-18.5-17.8-17.6
EBIT-% (adj.)-442.9 %-377.5 %-201.9 %
EPS (adj.)-0.30-0.27-0.27
Dividend0.000.000.00
Dividend %
P/E (adj.)neg.neg.neg.
EV/EBITDA0.8neg.neg.

Forum discussions

Quite a lot of generalizations. Reputation can be lost or not, work might end/be ended immediately or not. From any future communication related...
3 hours ago
by Peetuli
0
Not really, but it’s not customary to immediately disengage from those either. It’s clear that this is not a planned matter. Even if it were...
4 hours ago
by Simo Sijoittaja
3
Management contracts are a world of their own. They often have nothing in common with an ordinary worker’s employment contract.
6 hours ago
by Peetuli
1
In my experience, in top management, the work obligation is quite often terminated even when the person resigns themselves. The reasons likely...
6 hours ago
by LaskuPutki
1
Doesn’t a person immediately leaving their position suggest that this is what the company wants? The contract likely includes a notice period...
7 hours ago
by Simo Sijoittaja
2
The absence of a successor and the brief accompanying remarks, in my opinion, suggest the opposite situation. Namely, that the financial director...
10 hours ago
by LaskuPutki
4
Announcement on the same day the employment ends + no successor known + so-called de minimis words of thanks “I want to thank Tuukka for the...
13 hours ago
by Puutaheinää
8
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