Schibsted reports Q4 results on February 13. We maintain our Buy rating, and find the valuation for the Schibsted “stub” (excluding the Adevinta ownership) as attractive. The stub is now worth ~NOK 87/share which we model alone is justified by only the valuation for the classifieds site Finn in Norway and the newspapers. We adjust our target price to NOK 309 (292) following the share price increase for Adevinta and minor estimate changes.
24 Jan 2020
A step in the right direction
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A step in the right direction
Schibsted Asa Class A (XPG:FRA) | 0 0 0.0%
- Published:
24 Jan 2020 -
Author:
Henriette Trondsen -
Pages:
15
Schibsted reports Q4 results on February 13. We maintain our Buy rating, and find the valuation for the Schibsted “stub” (excluding the Adevinta ownership) as attractive. The stub is now worth ~NOK 87/share which we model alone is justified by only the valuation for the classifieds site Finn in Norway and the newspapers. We adjust our target price to NOK 309 (292) following the share price increase for Adevinta and minor estimate changes.