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Extensive research

Modulight: Laser company being calibrated towards growth

By Antti SiltanenAnalyst
21.03.2023, 17.08
Modulight
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Modulight is a technology company focused on the design and manufacture of lasers and optics with a strategic focus on medical and biomedical applications. Modulight's growth story was interrupted after the 2021 IPO and the company is now looking to get back on track for profitable growth with a renewed strategy. We expect the company to deliver strong growth, although the visibility of the forecast is weak. Our valuation that relies on sales-based ratios and cash flows suggests the stock being moderately overvalued.

Modulight

2.42EUR17.03.2023, 18.00
2.30EURTarget price
Reduce
Recommendation updated:20.03.2023

Modulight operates in the technology industry. The company designs, markets, and produces biomedical laser products used in oncology, genetics, and ophthalmology. The customers primarily consist of hospitals and corporate customers operating in medical technology. In addition to the main business, various value-added services are also offered. Their main market is the US.

Read more on company page

Key Estimate Figures20.03.2023

202223e24e
202223e24e
Revenue4.69.512.8
growth-%-49.3 %107.4 %34.0 %
EBIT (adj.)-7.8-3.9-2.6
EBIT-% (adj.)-169.5 %-40.4 %-20.4 %
EPS (adj.)-0.20-0.09-0.06
Dividend0.000.000.00
Dividend %
P/E (adj.)---
EV/EBITDA--405.9
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