(Finance) – Integrae SIM increased a 4.20 euros per share (from 4.00 euros) the target price on FAE Technologya company listed on Euronext Growth Milan and active in the design and production of solutions for the integrated electronics sector, confirming the judgment on the title to “Buy” given the potential upside of 120%.
In light of the results published in the semi-annual report, the analysts have changed the estimates both for the current year and for the next few years. In particular, they estimate a production value FY23 equal to 58.35 million euros and an EBITDA equal to 6.35 million euros, corresponding to a margin of 10.9%.
For the following yearsthey expect the value of production to increase up to 73.50 million euros (CAGR 22-25: 22.2%) in FY25, with EBITDA of 9 million euros (corresponding to a margin of 12.2% ), up from 3.92 million euros in FY22 (corresponding to an EBITDA margin of 9.7%).