Leading staffing company in healthcare

Dedicare

Dedicare is one of the leading staffing companies in the Nordic region in the field of healthcare. The company was established in 1996 and currently has offices in both Sweden and Norway. Dedicare staffs doctors, nurses and social workers. The Nordic region is experiencing a shortage of healthcare staff, which is expected to last until 2025 for both the public and private sector. The scarcity of healthcare professionals, in combination with an aging population in the Nordic region, drives the market for healthcare staffing. Dedicare’s financial target is a profit margin of 7% over an economic cycle.

Financials

DEDICARE

SEKm 2017 2018 2019
Sales 785 822 887
Sales growth (%) 20,8 4,7 7,9
EBITDA 78 59 73
EBITDA margin (%) 10 7,2 8,3
EBIT adj 85 58 72
EBIT adj margin (%) 10,8 7,1 8,1
Pretax profit 78 56 72
EPS rep 6,64 4,73 6,1
EPS growth (%) 12,8 -28,8 28,9
EPS adj 7,42 4,73 6,1
DPS 5 4,5 5
EV/EBITDA (x) 10,1 7,7 6,2
EV/EBIT adj (x) 9,4 7,9 6,3
P/E (x) 14,6 12,5 9,7
P/E adj (x) 13,1 12,5 9,7
EV/sales (x) 1 0,6 0,5
FCF yield (%) 7,3 6,5 10,3
Dividend yield (%) 5,2 7,6 8,5
Net IB debt/EBITDA -1,1 -1,3 -1,1