Redeye: Stille Q3 2023: Beat on sales and EBIT – positive outlook and attractive valuation
Redeye recognizes a solid Q3 report from Stille, which unveiled nuggets such as 18% y/y sales growth and EBIT margin of 16%, both slightly surpassing our estimates. The current valuation indicates EV/EBIT of 11.8 for 2023, marking a notable discount compared to historical multiples.
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