Professional
Added to YB: 2024-12-23
Pitch date: 2024-12-17
SFL.ST [bullish]
Safello Group AB (publ)
Author Info
No bio for this author
Company Info
Safello Group AB (publ) engages in the cryptocurrency brokerage business. The company operates brokerage platform that enables individuals and companies to buy, store, and sell cryptocurrencies, including Bitcoin, Ethereum, Chainlink, and Polkadot.
Market Cap
SEK 113.7M
Pitch Price
N/A
Price Target
15.40
Dividend
N/A
Sector
Capital Markets
Category
value
Safello: Discount to peers despite regulatory-first positioning
SFL.ST: Swedish crypto broker since 2013, aiming to become full crypto neobank. Regulation-first approach undervalued pre-MiCA. 12% transaction volume CAGR 2024e-2027e. Trades at discount to peers despite lower risk. Bull case: SEK15.4, bear: SEK2.9. Base case: SEK7.6, 0.2x 2025e EV/S.
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