Nordea aloittaa Cibuksen seurannan, antaa suosituksen 'osta' ja asettaa hintasuositukseksi 200 kruunua.
Lähde: Finwire
Nordean omasta raportista 4.11.2024:
Estimate and valuation changes
We initiate coverage on Cibus with a Buy recommendation and a multiples- and relative value-based target price of SEK 200, corresponding to 2025E P/NRV of 1.23x, adjusted P/E of ~18x and NOI/EV of 5.7%. Our target price of SEK 200 corresponds to a sustainable dividend yield of 5.2%.
July - September 2024 (compared with July - September 2023) — Rental income amounted to EUR 30,407 thousand (29,765). — Net operating income totalled EUR 29,219 thousand (30,953, excluding non-recurring income items 28,253) — Profit from property management was EUR 13,191 thousand (16,810, excluding non-recurring income items 14,110). Profit from property management, excluding non-recurring items and exchange rate effects, amounted to EUR 14,193 thousand. — Earnings after tax amounted to EUR -5,569 thousand (8,032), corresponding to EUR -0.11 (0.13) per share. — Unrealised changes in value affected by EUR -6,339 thousand (-5,481) on properties and by EUR -12,979 thousand (-1,065) on interest rate derivatives.
January – September 2024 (compared with January – September 2023) — Rental income amounted to EUR 91,373 thousand (89,065). — Net operating income totalled EUR 87,790 thousand (86,603). — Profit from property management was EUR 35,744 thousand (40,144). Profit from property management, excluding non-recurring items and exchange rate effects, amounted to EUR 39,858 thousand. — Earnings after tax amounted to EUR -7,332 thousand (13,989), corresponding to EUR -0.16 (0.23) per share. — Unrealised changes in value affected by EUR -37,016 thousand (-22,216) on properties and by EUR -9,359 thousand (-1,065) on interest rate derivatives. — EPRA NRV amounted to EUR 749,001 thousand (743,893) corresponding to EUR 11.9 (13.0) per share
