This year it is all-in
The Q4 report was very strong, and the company survived the COVID year surprisingly well in the end. Entering 2021, the name of the game is clear, the earnings level must make a clear level correction and there is no room for errors with the higher share price. The building blocks for the earnings improvement are clear and our confidence in the earnings improvement materializing is high. After an aggressive share price rise, the share is no longer cheap but if our estimates become reality, the share still offers a relatively good earnings expectation.
CapMan
CapMan is an investment company. The vision is to be a long-term owner and create added value for the shareholders in the long term. CapMan mainly invests in medium-sized unlisted companies, properties and infrastructure facilities around the Nordic market. Furthermore, the company offers asset management, purchasing activities as well as analysis, reporting and back office services. CapMan was founded in 1989 and its headquarters are in Helsinki.
Read more on company pageKey Estimate Figures04.02.2021
2020 | 21e | 22e | |
---|---|---|---|
Revenue | 43.0 | 60.1 | 64.3 |
growth-% | -12.22 % | 39.71 % | 7.14 % |
EBIT (adj.) | 12.3 | 37.8 | 42.0 |
EBIT-% (adj.) | 28.70 % | 62.95 % | 65.28 % |
EPS (adj.) | 0.03 | 0.18 | 0.20 |
Dividend | 0.14 | 0.15 | 0.16 |
Dividend % | 6.05 % | 7.61 % | 8.12 % |
P/E (adj.) | 70.13 | 11.10 | 10.05 |
EV/EBITDA | 28.85 | 9.15 | 8.41 |