Innofactor: Consistent performance builds trust
Innofactor's good operational traction continued in Q4 despite a challenging market. In addition, the comparable order book increased and quality improved, supporting growth and profitability. We forecast moderate organic growth in the coming years and a slight improvement in profitability. On our forecasts, the valuation picture (2024e P/E 9x and EV/EBIT 7x) is very attractive, given the continued good performance despite the market headwinds.
Innofactor
Innofactor operates in the IT sector. The company is focused on offering services in digitization and cloud-based solutions. Examples of business areas include sales, marketing and communication, business intelligence, and CRM (Customer Relationship Management). The largest presence is found in the Nordic market and customers consist of small and medium-sized corporate customers. The head office is located in Espoo.
Read more on company pageKey Estimate Figures08.02
2023 | 24e | 25e | |
---|---|---|---|
Revenue | 80.3 | 84.5 | 88.5 |
growth-% | 12.84 % | 5.26 % | 4.81 % |
EBIT (adj.) | 6.0 | 6.9 | 7.9 |
EBIT-% (adj.) | 7.52 % | 8.12 % | 8.88 % |
EPS (adj.) | 0.10 | 0.14 | 0.17 |
Dividend | 0.07 | 0.08 | 0.09 |
Dividend % | 5.71 % | 4.72 % | 5.31 % |
P/E (adj.) | 12.17 | 12.17 | 10.04 |
EV/EBITDA | 5.82 | 6.66 | 5.77 |