(Finance) – Integrae SIM increased a 10.00 euros per share (from 7.70 euros) the target price on Franchettia company listed on Euronext Growth Milan and active in the maintenance of infrastructure networks, confirming the judgment on the title to “Buy” given the potential upside of 47%.
In light of the results published in the semi-annual report for the first half of 2024, analysts change the estimates both for the current year and for the next few years. In particular, they estimate a production value FY24 equal to 10 million euros and an EBITDA equal to 3.25 million euros, corresponding to a margin of 40.6% on sales revenues.
For the subsequent yearsthey expect the value of production to increase up to 17 million euros (CAGR 23-26: 34.3%) in FY26, with EBITDA of 5.65 million euros (corresponding to a margin of 40.9% ), up from 2.54 million euros in FY23A (corresponding to an EBITDA margin of 41.2%). At a balance sheet level, they estimate a cash positive NFP for FY26 of €4.82 million.