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Asetek: An attractive small cap gem with bright growth outlook - SEB

At our Small Cap Seminar today, Asetek CEO André Sloth Eriksen and CFO Peter Dam Madsen gave a confident presentation on its bright growth outlook and its target to reach USD 150m revenue by 2025. We assume 14% sales CAGR for 2020-25 and USD 143m revenue for 2025 but conservatively we have not factored in the sales potential from its new product area Simsports, which could provide significant upside to our long term estimates. Our mid-point DCF value is at NOK 160.

At our Small Cap Seminar today, Asetek CEO André Sloth Eriksen and CFO Peter Dam Madsen gave a confident presentation on its bright growth outlook and its target to reach USD 150m revenue by 2025. We assume 14% sales CAGR for 2020-25 and USD 143m revenue for 2025 but conservatively we have not factored in the sales potential from its new product area Simsports, which could provide significant upside to our long term estimates. Our mid-point DCF value is at NOK 160.
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