ESL (Electronic shelf labels)

PRICER

Pricer's businessmodel is to deliver systems to optimize and simplify the processes of price labeling and information dissemination via electronic shelf labels in retail stores. Pricer is a global company. It has an in-house sales organization and also sells via partners in markets with very low penetration rates.

Key Figures

PRICER

2017 2018e 2019e
Sales MSEK 827,7 1162,9 1221,1
Revenue growth 9,3% 40,5% 5,0%
Operating income MSEK 55,5 107,7 105,9
Operating margin 6,7% 9,3% 8,7%
Earnings per share SEK 0,4 0,7 0,7
Dividend per share SEK 0,5 0,6 0,6
Equity MSEK 718,7 755,2 770,1
Solidity 78,2% 70,4% 74,1%
Net debt MSEK -166,9 -67,5 -196,2
No. of shares (m) 110,2 110,2 110,2

Valuation

PRICER

2016 2017 2018e 2019e
P/E (x) 16,1 23,5 15,4 15,1
P/BV (x) 1,4 1,4 1,6 1,6
EV/S (x) 1,0 0,9 1,0 0,8
EV/EBITDA (x) 9,2 10,4 9,3 8,3
EV/EBIT (x) 10,8 12,9 10,7 9,7
Yield (%) 5,4% 5,5% 5,4% 5,9%

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