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Third party research

FREE2MOVE: Targets profitable growth as energy efficiency is rising on the agenda - Emergers

Free2Move Holding

This is a third party research report and does not necessarily reflect our views or values

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With a comprehensive offering to drastically improve the operating net for property owners, Free2Move looks to continue its strong growth momentum both organically and through acquisitions while reaching positive EBITDA this year. The order book at SEK 40m stands in stark contrast to the SEK 30m Pre-Money Market Cap and bolsters our SEK 100m revenue forecast for 2024. Adjusted for the upcoming rights issue of SEK 21m to enable additional acquisitions and to develop the offering further, target multiples of 2x Sales’24 and 12x EBITDA’24 support a fair value range of SEK 0.57-0.69 per share in 12-24 months, with further upside towards SEK 1.9-2.1 on a 3-5 year horizon.
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Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.