Sievi Capital: Indoor's Christmas sales was a bust
Indoor’s Q4 development was clearly disappointing and far below our low estimates. KH-Koneet was reasonably good, but its performance did not compensate for Indoor's weakness this time. After the estimate changes we made, the sum of the parts that determines our target price fell to EUR 1.20 per share and we still see a clear value in the share compared to the current low price and expect the value to gradually be released as the new strategy progresses.
KH Group
KH Group is a financial group. The company operates as a conglomerate with diversified business activities. Within the group, there are companies in various sectors with a wide range of products and services. The business is run on a global level with the largest presence in Europe. The customers consist of both private players and business customers, where sales take place via own brands. The company was founded in 2012 and has its headquarters in Helsinki.
Read more on company pageKey Estimate Figures28.02.2023
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 2.0 | 2.0 | 3.0 |
growth-% | -82.61 % | 50.00 % | |
EBIT (adj.) | -10.1 | 6.5 | 12.0 |
EBIT-% (adj.) | -505.00 % | 323.75 % | 400.00 % |
EPS (adj.) | -0.14 | 0.09 | 0.15 |
Dividend | 0.00 | 0.00 | 0.00 |
Dividend % | |||
P/E (adj.) | - | 5.78 | 3.35 |
EV/EBITDA | - | 7.15 | 3.99 |