NYAB: Strong year-on-year growth expected
The company will publish its Q1 report on Wednesday. We expect the company's revenue to have risen strongly in the seasonally slowest quarter, supported by an increased order book and projects postponed to this year. In contrast, we expect the operating result to have fallen into the red, reflecting the seasonality of the business. In the update, we have slightly raised our forecasts for Q1 and also for the coming years, but the absolute changes are minor. Given the elevated valuation picture for the current year, we remain cautious on the stock.
NYAB
NYAB provides services of engineering, construction and maintenance with a focus on sustainable infrastructure and renewable energy. Offering includes, among others, roads, railways, bridges, airports, wind and solar power, as well as power networks. In addition, NYAB provides various types of facilities for industrial clients. NYAB operates in Sweden and Finland within both private and public sector.
Read more on company pageKey Estimate Figures05.05
2023 | 24e | 25e | |
---|---|---|---|
Revenue | 280.4 | 334.7 | 378.2 |
growth-% | 10.70 % | 19.35 % | 13.00 % |
EBIT (adj.) | 17.8 | 22.0 | 26.3 |
EBIT-% (adj.) | 6.35 % | 6.57 % | 6.96 % |
EPS (adj.) | 0.02 | 0.02 | 0.03 |
Dividend | 0.01 | 0.01 | 0.02 |
Dividend % | 2.50 % | 2.53 % | 3.44 % |
P/E (adj.) | 30.02 | 18.82 | 13.99 |
EV/EBITDA | 17.58 | 11.28 | 9.37 |