(Finance) – Integrae SIM has lowered to 6.50 euros per share (from 6.80 euros) the target price on Siava company listed on Euronext Growth Milan and active in the Enterprise Content Management sector, confirming the judgment on the title to “Buy” given the potential upside of 145%.
In light of the results published in the half-yearly report for 1H24, the analysts change the estimates both for the current year and for the next few years. In particular, we estimate a production value FY24 equal to 34.10 million euros and an EBITDA equal to 6.80 million euros, corresponding to a margin of 19.9%.
For the subsequent yearsthey expect the value of production to increase up to 43.00 million euros (CAGR 23-26: 8.3%) in FY26, with EBITDA equal to 9.90 million euros (corresponding to a margin of 23, 0%), up compared to 5.34 million euros in FY23 (corresponding to an EBITDA margin of 15.8%).
(Photo: © Veerasak Piyawatanakul)