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QleanAir: Q2 Review – Back on Track - Redeye

Redeye reiterates its fair value range following a solid Q2’23 report that presented surprisingly solid growth. Following the rally in the share, we still identify an upside, arguing that the market does not price in future growth at current multiples of 8-10x P/E or EV/FCF 12-11x for 2023-2024.

Redeye reiterates its fair value range following a solid Q2’23 report that presented surprisingly solid growth. Following the rally in the share, we still identify an upside, arguing that the market does not price in future growth at current multiples of 8-10x P/E or EV/FCF 12-11x for 2023-2024.
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