LeadDesk

6.68 EUR

-0.6 %

LEADD

First North Finland

Software

Technology

4,523 following

-0.6%

+1.21%

-3.75%

-7.99%

-17.94%

-5.92%

+12.84%

-70.7%

-45.69%

-13.81%

investors.leaddesk.com/fi

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

P/E (adj.) (24e)

41.62

EV/EBIT (adj.) (24e)

22.55

EV/S (24e)

1.31

Dividend yield-% (24e)

Target price

8.00 EUR

Recommendation

Accumulate

Updated

27.10.2024

First North Finland

LEADD

Daily low / high price

6.52 / 6.7 EUR

Market cap

36.6M EUR

Turnover

3.39K EUR

Volume

513

Business risk

Valuation risk

Current

Latest research

LeadDesk: Better than its price

22.12.2022

LeadDesk: Customer communication cloud floats deeper into Europe

06.10.2021

LeadDesk: The growth leap hit the board

30.08.2021

Extensive report

Inderes' extensive report is an investor's handbook on customer companies covered by our research.

The latest extensive report was released 22.12.2022

Read the report

Analyst

Antti Luiro

Head of Nordic ER Development, Analyst

Frans-Mikael Rostedt

Analyst

Latest videos

LeadDesk: Short term challenges – long term potential

10.01.2023

Income statement

	2020	2021	2022	2023	2024e	2025e	2026e	2027e
Revenue	13.8	24.6	28.1	29.4	31.1	32.9	35.0	37.5
growth-%	11.7 %	78.0 %	14.3 %	4.5 %	5.9 %	5.8 %	6.5 %	7.0 %
EBITDA	1.7	3.1	3.3	3.9	4.6	5.3	6.3	7.4
EBIT (adj.)	0.4	1.1	0.7	1.2	1.8	2.3	2.9	3.6
EBIT	0.3	-1.0	-1.5	-1.1	-0.5	-0.1	0.7	1.4
Profit before taxes	0.3	-1.2	-1.7	-1.5	-1.2	-0.6	0.3	1.2
Net income	0.2	-1.3	-1.8	-1.7	-1.4	-1.0	0.3	1.1
EPS (adj.)	0.07	0.16	0.09	0.11	0.16	0.25	0.46	0.60
growth-%	36.2 %	128.9 %	-44.1 %	21.9 %	51.9 %	55.1 %	85.9 %	29.8 %
Dividend	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend ratio

Profitability and return on capital

	2020	2021	2022	2023	2024e	2025e	2026e	2027e
EBITDA-%	12.4 %	12.4 %	11.8 %	13.2 %	14.9 %	16.0 %	18.1 %	19.7 %
EBIT-% (adj.)	3.2 %	4.6 %	2.5 %	4.0 %	5.8 %	6.9 %	8.4 %	9.7 %
EBIT-%	2.2 %	-4.0 %	-5.5 %	-3.7 %	-1.7 %	-0.3 %	2.0 %	3.7 %
ROE	2.4 %	-9.1 %	-9.8 %	-10.1 %	-9.5 %	-7.0 %	2.3 %	7.6 %
ROI	3.3 %	-5.2 %	-5.8 %	-4.5 %	-2.3 %	-0.5 %	3.5 %	7.7 %

Valuation

	2020	2021	2022	2023	2024e	2025e	2026e	2027e
Share price (EUR)	35.00	21.00	8.10	7.10	6.68	6.68	6.68	6.68
Shares	4.7	5.4	5.4	5.5	5.5	5.5	5.5	5.5
Market cap	166.1	113.1	44.1	38.9	36.7	36.8	36.9	37.1
Enterprise value	161.0	115.3	48.6	43.4	40.7	40.2	38.5	35.8
EV/S	11.7	4.7	1.7	1.5	1.3	1.2	1.1	1.0
EV/EBITDA	94.0	37.7	14.7	11.2	8.8	7.6	6.1	4.8
EV/EBIT (adj.)	363.5	102.1	68.3	37.0	22.5	17.8	13.2	9.8
EV/EBIT	535.0	-	-	-	-	-	56.0	25.5
P/E (adj.)	516.2	135.3	93.4	67.2	41.6	26.8	14.4	11.1
P/E	805.1	-	-	-	-	-	115.9	33.9
P/B	17.9	6.0	2.5	2.4	2.5	2.7	2.7	2.5
P/S	12.0	4.6	1.6	1.3	1.2	1.1	1.1	1.0
Dividend yield
Equity ratio	70.8 %	50.4 %	53.0 %	50.1 %	47.9 %	46.2 %	48.8 %	54.3 %
Gearing ratio	-46.4 %	15.7 %	30.9 %	33.4 %	33.7 %	31.0 %	17.5 %	-2.7 %

Quarter data

	Q4/23	2023	Q1/24	Q2/24	Q3/24	Q4/24e	2024e	Q1/25e	Q2/25e
Revenue	7.5	29.4	7.7	7.8	7.7	7.9	31.1	8.1	8.2
EBITDA	1.0	3.9	0.9	1.1	1.4	1.2	4.6	1.0	1.3
EBIT	-0.2	-1.1	-0.3	-0.2	0.1	-0.1	-0.5	-0.3	-0.1
Profit before taxes	-0.4	-1.5	-0.4	-0.4	-0.1	-0.3	-1.2	-0.5	-0.2
Net income	-0.5	-1.7	-0.4	-0.4	-0.2	-0.4	-1.4	-0.5	-0.3