Progress of mining projects is key
Betolar's Q1 report did not contain any major surprises regarding the progress of the investment story, and we did not make any material changes to our forecasts after the report. The commercialization of greener concrete is still in its infancy, and raising the financing that will eventually come is likely to be costly for existing owners without further concrete evidence of growth in the mining segment at the heart of the strategy. In our view, risks still hold the driver's seat in the company's investment story, although the stock's return potential could be significant if the commercialization is successful, at least roughly in line with the company's objectives.
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Betolar
Betolar is a pioneering materials technology company focusing on turning industrial side streams into value. Betolar offers continuous competitive edge to the construction industry and enable the transition towards a sustainable built environment - socially, environmentally and economically.
Read more on company pageKey Estimate Figures01.05.
| 2023 | 24e | 25e | |
|---|---|---|---|
| Revenue | 0.5 | 2.1 | 5.5 |
| growth-% | 79.44 % | 307.77 % | 161.91 % |
| EBIT (adj.) | -13.3 | -6.7 | -5.1 |
| EBIT-% (adj.) | -2,574.76 % | -319.85 % | -92.05 % |
| EPS (adj.) | -0.67 | -0.34 | -0.29 |
| Dividend | 0.00 | 0.00 | 0.00 |
| Dividend % | |||
| P/E (adj.) | - | - | - |
| EV/EBITDA | - | - | - |
