MIPS – Scalable business model and stable market trends enables growth

In this equity report, analyst Sebastian Hofstedt and Gabriel Burmeister evaluate MIPS. The company produces a patented safety accessory for different types of helmets and it is capitalizing on market trends towards outdoor activities and safety. The analysts narrate why MIPS has the potential to grow organically 40 % CAGR during 2018E-2020E, with improving margins, [...]

Global Gaming 555 – Fast growing gambling company with 71 % mobile revenues

In this equity report, analysts Johan Brown and Carl-Ferdinand Carsjö evaluate Global Gaming. Global Gaming has seen a significant growth the last couple of years. This is mainly due to the company’s main brand, Ninja Casino, which has taken advantage of the first mover advantage of the payment method PayNplay. This resulted in a turnover [...]

Mr Green & Co AB – New Acquisition Strategy and Marketing Renaissance might be the winning hand

In this equity report, analyst Olle Göransson assess Mr Green & Co. The company is valued at a 30 % discount compared to the peer-average. Mr Green has turned weak margins by a more efficient marketing strategy and is expected to grow 20 % organically 2018. Furthermore, the analyst narrate how exposed Mr Green is [...]

Nordic Leisure – Acquisition driven growth enables margin expansion

In this equity report, analysts Victor Forss and Carl Sandström assess Nordic Leisure. Due to low competition and strict regulations, the company is well positioned in a market with underlying growth. The analysts narrate how a high portion of regulated revenues and new business areas lead to rising margins. This report is written in Swedish. [...]

AwardIT – Scalable business model with increased revenue diversification

In this equity report, analysts Petrus Lindh and Fabian Lopez evaluate Awardit AB. The company has initiated a plan to grow through geographic expansion and acquisition, made possible by low debt financing, with a -0,7x ND/EBITDA going into 2018.  The analysts narrate how Awardit’s recent acquisitions will impact the company going forward, and how Awardit [...]

Nordic Waterproofing – Leading market position in Northern Europe at low valuation yields a potential appreciation of 42%

In this equity report, analysts Jacob Andersson and Wilhelm Rippe assess Nordic Waterproofing Holding. The company is a leading player in Northern Europe’s waterproofing market. The market is consolidated and characterized by high entry barriers. Nordic Waterproofing completed a total of four acquisitions to a multiple arbitrage 2017 and has a pronounced continued acquisition strategy. [...]

Odd Molly International – Increased competition and ever-changing market outlook

In this equity report, analysts Edvin Sjökvist and Fredrik Lindblad assess Odd Molly. The company is experiencing heavy competition in an ever-changing retail market. The analysts narrate how the distribution between retail and online sales will impact the company moving forward.  This report is written in Swedish. If you want to get in touch with [...]

Micro Systemation – Digitization and strong market position enables future growth

In this equity report, analysts Gabriel Burmeister and Lukas Björklund assess Micro Systemation. The company is expanding due to a growing demand for securing and analyzing digital evidence among crime investigating units. The analysts narrate how recurring revenues through licensing renewals and a high portion of software within the product demonstrate regular cash flows and [...]

24SevenOffice – Scalable business model in a growing market

In this equity report, analysts Johan Brown and Sebastian Würtz evaluate 24SevenOffice.  There is structural change in the ERP (Enterprise Resource Planning) market where companies are changing from a stationary system to a cloud-based one. This has resulted in a double-digit growth the past years. The analysts narrate why 24SevenOffice may be well positioned for [...]

Alcadon Group – Stable market growth and qualified leadership enables organic growth

In this equity report, analyst Sebastian Hofstedt evaluate Alcadon Group. The company is currently expanding through organic growth in the fiber optics market and has taken aim at the upcoming 5G market. The analyst narrate why Alcadon has the potential to grow through capitalization on the 5G market as well as continuing to deliver products [...]