NYAB: Winter came early
NYAB issued its second profit warning of the year on Friday after weather conditions slowed down the progress of its projects. At the same time, the company updated its strategic plan for the next few years and its long-term financial targets, which saw a fairly clear moderation. Reflecting these factors, we lowered our growth and earnings expectations for the next few years, which means that the stock’s valuation picture seems quite expensive.
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NYAB
NYAB provides services of engineering, construction and maintenance with a focus on sustainable infrastructure and renewable energy. Offering includes, among others, roads, railways, bridges, airports, wind and solar power, as well as power networks. In addition, NYAB provides various types of facilities for industrial clients. NYAB operates in Sweden and Finland within both private and public sector.
Read more on company pageKey Estimate Figures26.12.2023
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 253.3 | 277.8 | 325.0 |
growth-% | 92.33 % | 9.68 % | 16.96 % |
EBIT (adj.) | 27.2 | 17.6 | 21.7 |
EBIT-% (adj.) | 10.74 % | 6.33 % | 6.69 % |
EPS (adj.) | 0.04 | 0.02 | 0.02 |
Dividend | 0.01 | 0.01 | 0.01 |
Dividend % | 0.79 % | 1.10 % | 1.46 % |
P/E (adj.) | 25.37 | 28.91 | 22.72 |
EV/EBITDA | 20.94 | 17.75 | 14.60 |
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