Added to YB: 2024-04-09
Pitch date: 2024-04-08
SDTHF [bullish]
Sdiptech AB (publ)
-27.45%
current return
Author Info
No bio for this author
Company Info
Sdiptech AB (publ) provides technical services for infrastructures in Sweden, the United Kingdom, Germany, Denmark, Italy, the Netherlands, Austria, Norway, Finland, the Unites States, and internationally.
Market Cap
SEK 7.6B
Pitch Price
SEK 255.40
Price Target
31.28 (-83%)
Dividend
N/A
EV/EBITDA
9.91
P/E
18.22
EV/Sales
2.27
Sector
Commercial Services and Supplies
Category
growth
Sdiptech, Unfamiliar To Global Investors, Offers A Strong Buy Opportunity
SDTHF: Swedish serial acquirer in infrastructure. Benefits from strong tailwinds in outdated European infrastructure. 5-10% organic EBITA growth target. 37% revenue growth in 2023 (18% organic) with only 2 acquisitions. Decentralized model. 30% sales CAGR since IPO. Concerns: lagging FCF growth, lower net income in 2023 from higher taxes & rates. ROCE low at 13% but improving. Reasonable 3x debt/EBITDA. Risks: low insider ownership, large acquisitions, liquidity on OTC. Undervalued on EV/EBITDA and DCF vs peers. 40%+ upside. Strong buy.
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