Added to YB: 2026-05-19
Pitch date: 2026-05-15
PEXIP.OL [neutral]
Pexip Holding ASA
+2.31%
current return
Author Info
Fjord Alpha shares deep dives on Northern European mid-caps targeting 20%+ CAGR. Private investor with Nordic roots. 25 years in-market. Independent and long-term, looking for non-consensus ideas the market is not pricing. Sign up for the newsletter.
Company Info
Pexip Holding ASA, a video technology company, offers end-to-end video conferencing platform and digital infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
Market Cap
NOK 883.1M
Pitch Price
NOK 77.80
Price Target
N/A
Dividend
5.08%
EV/EBITDA
15.41
P/E
32.40
EV/Sales
5.96
Sector
Software
Category
growth
Pexip Q1-26: Strong growth and margins - but not cheap
PEXIP.OL (update): Q1-26 ARR +17% YoY to $135M (vs 12% prior), record 46% adj EBITDA margin, 93% incremental rev to EBITDA conversion. Secure & Custom +24% YoY ($59.3M ARR), Connected Spaces +12% ($75.8M). Rule of 40 score 47 (17% growth + 30% margin). Q2 guide $137-141M ARR. Now trades 6.8x EV/Sales at NOK 80, implying 11% 5yr CAGR vs 20% hurdle - better biz but not cheap enough to buy.
Read full article (7 min)