Added to YB: 2026-02-20
Pitch date: 2026-02-03
PTRK.ST [bullish]
Physitrack PLC
-5.9%
current return
Author Info
Lind Research provides institutional grade investment research in the Nordics. Sign up for the newsletter.
Company Info
Physitrack PLC, together with its subsidiaries, provides digital healthcare solutions in the United Kingdom, Europe, North America, and internationally.
Market Cap
SEK 15.0M
Pitch Price
SEK 10.50
Price Target
25.00 (+153%)
Dividend
N/A
EV/EBITDA
4.22
P/E
-2.37
EV/Sales
1.15
Sector
Health Care Technology
Category
value
Physitrack (PTRK) - Market Overreaction Creates an Attractive Entry Point
PTRK.ST: Swedish SaaS microcap down 46% despite improving fundamentals. Core Lifecare segment: 89% recurring rev, +15% growth, minimal churn, 20-25% FCF margin potential. 2025 FCF improved €1.7M to €1.1M. Extreme pricing power ($15/yr license could 2-3x). Intrinsic value 22-25 SEK vs 10.66 SEK entry (110%+ upside). Catalysts: US deals, cleaner reporting, potential acquisition target. Risk: illiquid microcap in weak SaaS market.
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