CapMan: Valuation starting to look cheap
We have revised our forecasts upwards with the very strong Q1 report, and the company's profit outlook remains excellent. With the declined share price and our elevated forecasts, the expected return on the share has improved considerably and we believe that the current share price offers an excellent opportunity to jump in CapMan's ride.
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, Finland.
Read more on company pageKey Estimate Figures28.04.2022
2021 | 22e | 23e | |
---|---|---|---|
Revenue | 52.8 | 79.8 | 81.8 |
growth-% | 22.78 % | 51.25 % | 2.52 % |
EBIT (adj.) | 44.6 | 57.0 | 47.0 |
EBIT-% (adj.) | 84.57 % | 71.39 % | 57.38 % |
EPS (adj.) | 0.22 | 0.26 | 0.21 |
Dividend | 0.15 | 0.16 | 0.17 |
Dividend % | 4.94 % | 9.54 % | 10.13 % |
P/E (adj.) | 13.85 | 6.54 | 7.82 |
EV/EBITDA | 10.91 | 4.72 | 5.73 |