Bildkälla: Stockfoto

Footway: All eyes on execution - SEB

We reiterate our financial forecasts for Footway Group ahead of Q2. Our midpoint DCF equity value of SEK 39 per share stands, implying a prospective EV/sales of 1.6x on our 2022 estimates. Given the pandemic impact on footwear segments, our focus is on sales growth and the development of Sportamore, as well as on working capital management and comments related to the company’s AI-based marketing solution (so far adding to costs).

We reiterate our financial forecasts for Footway Group ahead of Q2. Our midpoint DCF equity value of SEK 39 per share stands, implying a prospective EV/sales of 1.6x on our 2022 estimates. Given the pandemic impact on footwear segments, our focus is on sales growth and the development of Sportamore, as well as on working capital management and comments related to the company’s AI-based marketing solution (so far adding to costs).
Börsvärldens nyhetsbrev
ANNONSER