NoHo Partners: Toward normal
We haven’t made significant changes after the positive Q2 report and we still expect a significant earnings improvement, once the COVID situation finally subsides. The risks related to the balance sheet have decreased significantly after the cash flow turned positive and thanks to the improved liquidity position. This makes the stock’s risk/return ratio better. With the earnings estimations that look past COVID in mind, the stock is not expensive and if the earnings improve at the level we estimate, the return expectation is strong.
NoHo Partners
NoHo Partners is a Finnish group specialized in services in the restaurant industry. The group includes around 250 restaurants in Finland, Denmark and Norway. The company's restaurant concept includes, among other things, Elit, Savoy, Teatteri, Sea Horse, Stefans Steakhouse, Palace, Löyly, Hangö Sushi, Friends & Brgrs, Campingen and Cock's & Cows. The company was founded in 1996.
Read more on company pageKey Estimate Figures10.08.2021
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 % | 4.20 % | ||
P/E (adj.) | - | - | 12.32 |
EV/EBITDA | 17.07 | 9.65 | 5.53 |