We are initiating coverage of Bravida with an Outperform rating, a target price of SEK 112 and a Neutral ESG opinion. A leading player in the Nordic multi-technical installations and services market (Top 3), Bravida has a solid business model with recurring business (65% of revenue in services and renovation activities), good profitability (EBITA margin >6%), excellent FCF generation and a healthy balance sheet (Net Debt/EBITDA:1x). The group should leverage these strengths to capture the pick-u...
Nous initions Bravida à Surperformance avec un OC de 112 SEK et une opinion ESG Neutre. Acteur de premier plan dans le secteur nordique des installations et services multi-techniques (Top 3), Bravida dispose d’un business model solide avec une activité récurrente (65% du CA Services et rénovation), un bon niveau de profitabilité (marge d’EBITA >6%), une excellente génération de FCF et un bilan sain (DN/EBITDA : 1x). Ces atouts devraient lui permettre de capter la reprise de la demande des servic...
A director at Bravida Holding AB maiden bought 3,360 shares at 87.500SEK and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two ye...
Two Directors at Hexagon AB bought/maiden bought 14,000 shares at between 93.510SEK and 94.100SEK. The significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's director...
Bravida navigated the slow Nordic installation market well in Q4, with the market demand forecast turning positive for 2025–2026. We focus on the strong FCF generation and financials, attractive capital allocation, and market consolidation opportunities. With management seeing its 7% EBITA margin target as realistic for 2026 (our estimate 6.6%), the risk/reward looks attractive to us, and we reiterate our BUY and SEK112 target price.
Q3 was mixed, but Bravida navigated the slow Nordic installation market well, with the market demand forecast turning positive for 2025–2026. We focus on the strong FCF generation, attractive capital allocation, and market consolidation opportunities. With management seeing its 7% EBITA margin target as realistic for 2026 (our estimate 6.6%), the risk/reward looks attractive, with the starting point close to a record-low forward valuation. We reiterate our BUY and SEK112 target price.
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