Prenumeration
Huddlestock Fintech AS (“Huddlestock” or the “Company”) first quarter of 2024 demonstrated strong and solid profitability within consulting services, with an EBITDA margin of 26%. At the same time, Huddlestock possesses high growth potential within Investment-as-a-Service (“IaaS”) through a strong value proposition and expanded product offering, which has resulted in a solid pipeline of new prospects, expected to drive new deals and growth in the near future. This, combined with a stable outlook for the Professional Service division in 2024, justifies a high activity throughout the year 2024. Huddlestock is estimated to reach a revenue of NOK 116M in 2024, and based on an applied EV/S target multiple of 4.3x, a potential fair value of NOK 2.4 (2.4) per share is derived in a Base scenario.
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This is a press release from Analyst Group regarding the publication of an analysis on Huddlestock Fintech. Readers may assume that Analyst Group has received compensation for making the commentary. The Company has not been given an opportunity to influence the parts where Analyst Group has had opinions about the Company, future valuation or anything else that could be considered a subjective assessment.