Revenio: Valuation would have required perfection
Net sales growth was excellent, and the company also raised its net sales guidance for the full year, but profitability was clearly below estimates in Q2. Some of the reasons behind this were rapidly passing but our earnings estimates did, however, decrease by 5-10%. The share was already priced for perfection, so we do not feel there is justification for additional purchases at the current valuation.
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Revenio Group
Revenio is a medical technology company. Within the Group, there is research and development of pressure measurement technology that is used in the treatment of a number of diseases such as glaucoma, osteoporosis, skin cancer, and asthma. Operations are held worldwide and are run via most subsidiaries, each with a business focus. The company's head office is located in Vantaa.
Read more on company pageKey Estimate Figures05.08.2021
2020 | 21e | 22e | |
---|---|---|---|
Revenue | 61.1 | 80.1 | 103.4 |
growth-% | 23.41 % | 31.26 % | 29.02 % |
EBIT (adj.) | 19.2 | 24.7 | 34.9 |
EBIT-% (adj.) | 31.44 % | 30.87 % | 33.72 % |
EPS (adj.) | 0.58 | 0.75 | 1.02 |
Dividend | 0.32 | 0.40 | 0.55 |
Dividend % | 0.64 % | 1.49 % | 2.04 % |
P/E (adj.) | 86.56 | 36.10 | 26.29 |
EV/EBITDA | 61.53 | 27.98 | 19.32 |