We lift EBITA by 8-10% on '24e-'25e on better cost control. Shows again that it can do both accretive acquisitions and divestments. EV/EBITA 6x-4x on '24e-'26e; up to BUY (Hold).

09 Feb 2024
Positioned to accelerate, up to BUY

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Positioned to accelerate, up to BUY
MTG Co., Ltd. (7806:TKS) | 0 0 0.0%
- Published:
09 Feb 2024 -
Author:
ABGSC IT Research | Oscar Rönnkvist | Simon Jönsson -
Pages:
13 -
We lift EBITA by 8-10% on '24e-'25e on better cost control. Shows again that it can do both accretive acquisitions and divestments. EV/EBITA 6x-4x on '24e-'26e; up to BUY (Hold).