The adjustment of the target price is related to the fine-tuning of our model (see our comments on the change of 2018E EPS). The share price has recovered since the beginning of the year 2019 (+10% ytd) but has underperformed the software sector (+12.3% ytd) (situation on 25 February 19). The stock is trading at low PE ratios (<8x 2018E and <7x 2019E based on a cautious outlook) and could appreciate further when 2018 earnings are released (11 March 19).
27 Feb 2019
EBITDA margin increase anticipated based on good revenue. (Prodware)
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EBITDA margin increase anticipated based on good revenue. (Prodware)
Prodware SA (ALPRO:PAR) | 0 0 -0.2% | Mkt Cap: 96.9m
- Published:
27 Feb 2019 -
Author:
Hélène Coumes -
Pages:
2
The adjustment of the target price is related to the fine-tuning of our model (see our comments on the change of 2018E EPS). The share price has recovered since the beginning of the year 2019 (+10% ytd) but has underperformed the software sector (+12.3% ytd) (situation on 25 February 19). The stock is trading at low PE ratios (<8x 2018E and <7x 2019E based on a cautious outlook) and could appreciate further when 2018 earnings are released (11 March 19).