Taaleri: The stock is correctly priced again
In the end, Taaleri’s Q4 report did not offer major surprises and forecast changes are moderate. The company’s investment story changed clearly at the CMD in November, and investments in its own balance sheet will play a much bigger role in the future. For investors, the key question is confidence in the management’s ability to allocate capital. We still consider the sum of the parts the best way to look at the value of Taaleri that can be found in its parts. The share is now priced in line with our conservative SOTP calculation and we consider the share correctly priced.
Taaleri
Taaleri operates in the financial sector. The company is a Nordic private equity fund company that focuses on renewable energy and other alternative investments. The company has two business segments: Equity Funds and Strategic Investments. With its capital funds, Taaleri creates, for example, wind and solar power, biofuels and real estate. The company was founded in 2007 and its head office is located in Helsinki, Finland.
Read more on company pageKey Estimate Figures14.02
2023 | 24e | 25e | |
---|---|---|---|
Revenue | 65.6 | 59.0 | 65.2 |
growth-% | 3.82 % | -10.07 % | 10.44 % |
EBIT (adj.) | 31.9 | 28.0 | 33.7 |
EBIT-% (adj.) | 48.58 % | 47.35 % | 51.74 % |
EPS (adj.) | 0.81 | 0.65 | 0.81 |
Dividend | 1.00 | 0.52 | 0.54 |
Dividend % | 11.12 % | 6.19 % | 6.43 % |
P/E (adj.) | 11.09 | 12.83 | 10.34 |
EV/EBITDA | 7.13 | 7.47 | 6.43 |