While G5 clearly has growth levers to pull, primarily relating to its G5 Store platform, additional cost savings suggest to us that its top line could continue to be pressured in the near term. We update our estimates accordingly, which on a net basis translates into c. USD 1m higher 2027E EBIT. Our DCF-based fair value range of SEK 78-122 is unchanged. On our estimates, the shares trade at a 2026E-27E EV/EBIT of 3-5x and a c. 11-13% FCF yield.
LÄS MER
