Investor (Buy, TP: SEK530.00) - Best-in-class NAV growth outlook
We appreciate Investor’s intensified active ownership and structural actions to crystallise values in its portfolio, and the Q2 report showed success in the right places. In our view, Investor has the best NAV growth outlook of the stocks in our coverage and its strong cash flow and balance sheet lend even more potential upside to our NAV forecast. At a 20% discount to our NAV estimate, we still see good value and believe benchmark index outperformance should continue. We reiterate our BUY and have raised our target price to SEK530 (520).Investor AB is an industrial holding company. Through its subsidiaries, Co. invests in companies and industries. Co.'s holdings are divided into two business areas: Core Investments and Financial Investments. Core Investments consists of listed holdings, in which Co. is a major owner, and its wholly-owned subsidiaries. Financial Investments consists of Co.'s investments in EQT and Investor Growth Capital, its partner-owned investments and other investments and activities.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.