Bildkälla: Stockfoto

Leaddesk: Highly attractive valuation despite downgrades - SEB

Ahead of Leaddesk’s Q3 report, we cut our estimates, as we think that the weakening macro picture will result in slower sales growth. Also, a stronger US dollar and increasing salary inflation are likely to weigh on profitability. However, we find that a slower pace of growth is more than priced in, and the valuation of this SaaS growth case is highly attractive, given a 2022E EV/sales of 1x and EV/EBITDA at 10x.

Ahead of Leaddesk’s Q3 report, we cut our estimates, as we think that the weakening macro picture will result in slower sales growth. Also, a stronger US dollar and increasing salary inflation are likely to weigh on profitability. However, we find that a slower pace of growth is more than priced in, and the valuation of this SaaS growth case is highly attractive, given a 2022E EV/sales of 1x and EV/EBITDA at 10x.
Börsvärldens nyhetsbrev
ANNONSER