Publicerat: 2020-08-27 09:13:45
Redeye adjusts its valuation of Imint upwards after a strong Q2’20. Despite a
challenging quarter for the smartphone market, the company beat our sales and
EBIT expectations. Hence, Imint is progressing towards profitability quicker than
we previously expected, and we raise our valuation range.
We raise our base case to SEK 11 per share
With the impressive performance in the quarter, we increase our sales and margin
estimates slightly in the short to medium term. This yields a higher base case of SEK 11
per share and a fair value range of SEK 7 to SEK 21 per share. Although the share surged to
SEK 8 per share on the report, we see additional upside of around 30%.
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