Stockholm, 19 January 2017 - Redeye today announced the release of a Swedish technology report. Greger Johansson, Corporate Broking at Redeye comments, “We are very pleased to present this extensive report, highlighting our role as a specialist within the Technology sector. With a research driven approach, the analyst team has uncovered unique findings that could prove useful for investors interested in the hot Swedish tech market.”
Boasting the probably largest team in the Nordics fully dedicated to tech companies, Redeye has a good position to provide insights in a rapidly transforming sector. In an assessment of the main drivers and trends in the tech market, the report identifies four key areas with promising outlooks and a high representation of Swedish firms.
One of these industries is Gaming where Alexander Sattelmaier, Equity Analyst at Redeye mentions that, “The coming years will see further growth in the mobile games segment and a broader breakthrough of VR and AR game concepts, which are much discussed but have so far seen limited mainstream adoption.”
The other areas worth paying special attention to are FinTech, Cybersecurity and Internet of Things.
In particular from an international IPO perspective, 2016 was an intense year with 38 new listings of tech companies on the Swedish exchanges. A valuable finding in this section of the report is that these firms, on average, outperformed the OMXS30 with 51 percent last year.
It is apparent that a strong momentum exists in the sector, consequently increasing the importance of examining the current expectations and valuations. Based on market capitalizations and growth prospects, leading tech companies in Sweden, Nordic and globally have been compared on measures such as EBITDA, share price development and CAGR.
By combining the Redeye Rating, valuation range and financial projections in a variety of ways, an exclusive screening has been computed. By using four different strategies named GARP (Growth at a reasonable price), Deep Value, Growth Junkies and Jockey Stock’s, unique output of possible research subjects has been achieved.
Finally, in our universe of over 40 Swedish tech firms, we have discovered three companies that are included in our Top Picks portfolio and we find especially interesting to follow during 2017.
The report is written in English and has previously been exclusively distributed to institutional investors. This year the content is also opened up for a broader audience to those with a Premium subscription or a regular membership at Redeye.
Redeye is the next generation equity research and investment banking company, specialized in Life Science and Technology. We are the leading providers of Corporate Broking and Corporate Finance in these sectors. Our clients are innovative growth companies in the Nordics and we use a unique Rating model built on a value based investment philosophy. Redeye was founded 1999 in Stockholm and is regulated by the Swedish Financial Authority (Finansinspektionen).