NoHo Partners: Back to action after COVID cooldown
We expect NoHo to be back on a strong growth track from 2022 onward, and the company’s strategic decisions for the next few years are chiefly right. As the business gradually recovers, the company’s risk level decreases when cash flow improves and the debt burden in the balance sheet decreases. In our view, the stock’s return/risk ratio remains sufficiently attractive, because if our earnings estimates are realized, the valuation level is not high. If the strategy is successful, the long-term earnings potential is also significant.
NoHo Partners
NoHo Partners is a Finnish group specialized in services within the restaurant industry. The group operates a number of restaurants in Finland, Denmark, Norway and other parts of Europe. The company's restaurant concepts include, among others. Elit, Savoy, Teatteri, Sea Horse, Stefans Steakhouse, Palace, Löyly, Hangö Sushi, Friends & Brgrs Cock's & Cows and Holy Cow! . The company was founded in 1996.
Read more on company pageKey Estimate Figures17.08.2021
2020 | 21e | 22e | |
---|---|---|---|
Revenue | 156.8 | 175.2 | 290.0 |
growth-% | -42.53 % | 11.72 % | 65.57 % |
EBIT (adj.) | -24.0 | -9.7 | 19.0 |
EBIT-% (adj.) | -15.29 % | -5.55 % | 6.54 % |
EPS (adj.) | -1.43 | -0.62 | 0.58 |
Dividend | 0.00 | 0.00 | 0.30 |
Dividend % | 3.74 % | ||
P/E (adj.) | - | - | 13.84 |
EV/EBITDA | 17.07 | 10.05 | 5.76 |