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ABGSC IT Research ... (+4)
  • ABGSC IT Research
  • Alice Beer
  • Daniel Thorsson
  • Nikola Kalanoski

H2e: Mix-driven ARPL growth

No sequential price hikes in Q4 indicates confidence in continued mix-driven growth. '24e-'26e EBITDA up 4-10%.

ABGSC IT Research ... (+4)
  • ABGSC IT Research
  • Alice Beer
  • Daniel Thorsson
  • Nikola Kalanoski
ABGSC IT Research ... (+4)
  • ABGSC IT Research
  • Alice Beer
  • Daniel Thorsson
  • Nikola Kalanoski

A platform that home sellers can't refuse

No sequential price hikes in Q3 puts new model to the test. '25e-'26e EBITDA up 2-4%. Re-iterate BUY — 10% upside.

ABGSC IT Research ... (+4)
  • ABGSC IT Research
  • Alice Beer
  • Daniel Thorsson
  • Nikola Kalanoski
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