Analysts Gustav Nilsson and Sebastian Würtz have investigated the outlooks for Homemaid, specialising in household services and senior recruitment. The company has a leading position on a highly fragmented market, with potential of strengthening their position by consolidating the market in the near future. Through a sum of the parts valuation, the analysts have revealed hidden values within the diverse service portfolio; indicating a fair value of 19.45 SEK and a potential upside of 17.9 % for 2017E. This report is written in Swedish If you want to get in touch with the analysts, please send an email to analysgruppen@linclund.com. Please click on the picture in order to access the full report.

Case summary: 

  • Potential spin-off reveals hidden values – an upside of 17.9%
  •  Positive results from environmental samples strengthens the EBIT-margin.
  •  Net cash position of 14.8 MSEK provides acquisition opportunities in a fragmented market.
  •  The reduced political risk poses an increased upside potential with limited downside risk.

 

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