/Publications from R&A

Enersize – Technical breakthrough and appealing business model leads to growth in unexploited niche

In this equity report, analyst Petrus Lindh assess Enersize Oyj. The company is expanding due to a growing demand to reduce electricity costs, more reliable production and a general trend in more effective use of resources. The analyst narrate how the current project pipeline will help fund investments in the new autonomous software which, through [...]

Welfare – The future for Swedish welfare companies

In this market report, analysts Olle Göransson and Patrik Nilsson evaluate the welfare market in Sweden. The market is highly fragmented and is expected to grow based on higher demand for private services and estimated favorable demographic development. Furthermore, the market is highly affected by political decisions and regulations, hence the analysts tries to determine [...]

Hexatronic Group – Operates on a market with strong growth potential

In this equity report, analyst Carl-Ferdinand Carsjö evaluates Hexatronic. The company is a producer of fiber optic cables that provides the fastest way of transmitting data. Hexatronic has profited on the fast development of fiber optic infrastructure in Sweden. In Q1 2018, 40 % of revenues were generated from Sweden. The demand for fiber optic [...]

Wise Group – Expansion within the Digital HR Services segment is expected to generate improved EBIT

In this equity report, analysts Marcus Eriksen and Victor Forss assess Wise Group. The company is expanding its services within Digital HR Services due to a growing demand and a more lucrative business model. The analysts narrate how a shift from staffing to Digital HR Services can raise margins due to lower margins within the [...]

Sportamore – Structural value drivers in e-commerce with a new logistics solution provide potential for margin expansion

In this equity report, analysts Carl Sandström and Erik Pehrsson assess Sportamore. The company is acting on a growing market, where sales of sporting goods and apparel are increasingly moving towards e-commerce, a niche where the company has a strong market position. The analysts narrate how a new automated warehouse improves the e-retailer’s prerequisites for [...]

FM Mattsson – Supply chain price pressure and potentially weak construction market growth indicates a depreciation by 3 %

In this equity report, analyst Jacob Andersson assesses FM Mattsson Mora Group. The company is a leading player in Northern Europe’s taps- and thermostatic market with a total market share of 33 % 2016. Going forward, the company is expected to lose market shares due to price pressure by wholesalers and slower growth in the [...]

Straddling the S&P 500 – What’s next for US equities?

Since its low point in the midst of the financial crisis in 2009, the S&P 500 has advanced by around 16.35% annually for the past nine years, making US equities one of the best performing asset classes in recent years. However, since the beginning of 2018 the market has been unable to keep up its [...]

The Swedish Real Estate Market – Recent Trends and Future Sector Outlook

In this market research report, analysts Oscar Johannesson and Enes Ljuca evaluate the Swedish Real Estate Market. The aim with this report was to first conduct a thorough market analysis on the Swedish property market to be able to identify interesting investment cases based on recent market trends. This report will further analyze four different [...]

NGS Group – Growth and margin expansion within management segment outweighs lost growth within staffing

In this equity report, analysts Marcus Eriksen and Carl Sandström assess NGS Group. The company is expanding it´s services within the segment management supply due to a growing demand and a more lucrative business model. The analysts narrate how a shift from staffing to management supply can raise margins due to regulation and wage drift [...]

Balco Group – Strong market trends and growth creates possibilities

In this equity report, analyst Sebastian Hofstedt evaluate Balco Group. The company produces solutions for balcony renovations and the company is operating on a market with strong potential growth the coming years. The analyst narrate why Balco has the potential to grow organically 19 % in 2018E and 16 % during both 2019E and 2020E. [...]