reports
- ABGSC IT Research
- Daniel Thorsson
- Simon Granath
- ABGSC IT Research
- Daniel Thorsson
- Simon Granath
- ABGSC IT Research
- Daniel Thorsson
- Simon Granath
- Stefan Gauffin
Sinch (Buy, TP: SEK33.00) - Remains a BUY on valuation
Adjusted for a one-off, organic gross profit growth disappointed and the outlook for Q4 and the start of 2025 remains weak. We still see a strong underlying market and reiterate our BUY due to an attractive valuation. We have lowered our target price to SEK33 (37).
- ABGSC IT Research
- Daniel Thorsson
- Simon Granath
- ABGSC IT Research
- Daniel Thorsson
- Simon Granath
- ABGSC IT Research
- Daniel Thorsson
- Simon Granath
- ABGSC IT Research
- Daniel Thorsson
- Simon Granath
- ABGSC IT Research
- Daniel Thorsson
- Simon Granath
- ABGSC IT Research
- Daniel Thorsson
- Simon Granath
- Stefan Gauffin
Sinch (Buy, TP: SEK37.00) - Another soft quarter expected
We forecast another quarter with low-single-digit organic gross profit growth, as guided for in Q2. We also see a risk that the cash flow from early payments by customers in Q2 reverses in Q3, although this should be known by the market, in our opinion. We reiterate our BUY, but have lowered our target price to SEK37 (40).
- ABGSC IT Research
- Daniel Thorsson
- Simon Granath
- ABGSC IT Research
- Daniel Thorsson
- Simon Granath
- Stefan Gauffin
Sinch (Buy, TP: SEK40.00) - Follow the money
Growth remains weak and Sinch is working to protect profitability and invest to drive growth. These efforts will be in focus at the November CMD. Meanwhile, it is generating strong cash flow and trading at a 9% FCF yield. We reiterate our BUY but have cut our target price to SEK40 (45).
- ABGSC IT Research
- Daniel Thorsson
- Simon Granath
- ABGSC IT Research
- Daniel Thorsson
- Simon Granath
- ABGSC IT Research
- Daniel Thorsson
- Simon Granath
- Stefan Gauffin
Sinch (Buy, TP: SEK45.00) - Looking for stability
We expect Q2 results (due at 07:30 CET on 19 July) to be similar to Q1’s, and forecast 4% organic gross profit growth (3% in Q1). We are largely in line with consensus on sales, gross profit and EBITDA, and estimate stable cash-flow generation of SEK400m. We reiterate our BUY and SEK45 target price.
- ABGSC Small Cap Research
- Karl Bokvist
AF B AF POYRY AB CLASS B
INDT INDUTRADE AB
RATO B RATOS AB CLASS B
VIT B VITEC SOFTWARE GROUP AB
HPOL B HEXPOL AB CLASS B
ADDV A ADDVISE GROUP
MCAP MEDCAP
A2DRL9 SDIPTECH AB B
BHG BHG GROUP
ADDT B ADDTECH AB CLASS B
LAGR B LAGERCRANTZ GROUP AB SERIES B
SWEC B SWECO AB CLASS B
SF STILLFRONT GROUP AB
SINCH SINCH AB
VIMIAN VIMIAN GROUP AB
BEIJ B BEIJER REF AB
LIFCO B LIFCO AB
NIBE B NIBE INDUSTRIER AB
INSTAL INSTALCO AB
HTRO HEXATRONIC GROUP AB
ANOD B ADDNODE GROUP AKTIEBOLAG (PUBL)
VESTUM VESTUM AB
EMBRAC B EMBRACER GROUP AB
GREEN GREEN LANDSCAPING GROUP AB (PUBL)
- ABGSC IT Research
- Daniel Thorsson
- Simon Granath
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