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 1125,0 1181,2
Revenue growth
9,3% 35,9% 5,0%
Operating income MSEK
55,5 103,4 104,1
Operating margin
6,7% 9,2% 8,8%
Earnings per share SEK
0,4 0,7 0,7
Dividend per share SEK
0,5 0,6 0,6
Equity MSEK
718,7 752,0 765,6
Solidity
78,2% 71,6% 74,7%
Net debt MSEK
-166,8 -83,1 -199,0
No. of shares (m)
110,2 110,2 110,2

Valuation

PRICER

2016 2017 2018e 2019e
P/E (x) 16,1 23,5 13,4 12,8
P/BV (x) 1,4 1,4 1,4 1,3
EV/S (x) 1,0 0,9 0,8 0,7
EV/EBITDA (x) 9,2 10,4 7,8 6,8
EV/EBIT (x) 10,8 12,9 9,1 7,9
Yield (%) 5,4% 5,5% 6,5% 7,0%

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