Seafire: On the road again - SEB
Bildkälla: Stockfoto

Seafire: On the road again - SEB

Seafire continues to deliver, reporting a seventh consecutive quarter of organic earnings growth, with momentum further strengthened by the Splendor Plant acquisition. We expect its earnings growth to remain supported by operational improvements, improving end-markets and continued M&A. Trading at an EV/EBITA of 8-9x with a 7-10% FCF yield, we reiterate our SEK 8-14 fair value range.

Seafire continues to deliver, reporting a seventh consecutive quarter of organic earnings growth, with momentum further strengthened by the Splendor Plant acquisition. We expect its earnings growth to remain supported by operational improvements, improving end-markets and continued M&A. Trading at an EV/EBITA of 8-9x with a 7-10% FCF yield, we reiterate our SEK 8-14 fair value range.
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