Professional
Added to YB: 2024-12-23
Pitch date: 2024-12-17
SFL.ST [bullish]
Safello Group AB (publ)
-52.31%
current return
Author Info
We perform researched powered investment banking with a belief that Scandinavia will be a hotspot for the major future innovations within tech and lifescience. Visit their website.
Company Info
Safello Group AB (publ) provides a brokerage platform for individuals and businesses. The company operates its platform, which enables the buying and selling of cryptocurrencies, such as Bitcoin, Ethereum, and various digital assets; and the storing, swapping, transferring, depositing, and withdrawing of crypto assets.
Market Cap
SEK 57.7M
Pitch Price
SEK 6.06
Price Target
15.40 (+448%)
Dividend
N/A
EV/EBITDA
N/A
P/E
-4.20
EV/Sales
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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