Event in Progress:
Discover the latest content that has just been published on Research Tree
Zalaris is a leading European provider of comprehensive payroll and HR solutions and services, covering the entire employee lifecycle. The company’s proprietary platform PeopleHub is tailored towards multinational corporations or large and complex single-country projects, the more attractive end of the business process outsourcing (BPO) market. Due to long-term relationships with customers and a low churn rate, the company has an improving financial profile with good revenue momentum as well as
Companies: ZALARIS (ZAL:STO)Zalaris ASA (ZAL:OSL)
Edison
Premium
SAP CEO talked about the weak guidance in a Bloomberg interview …says it is evidence of cloud transition Covid-19 is speeding shift from on-prem to cloud software Could be viewed as more “company specific” than broad sector specific
Companies: Zalaris ASA
Arctic Securities
Despite Covid-19 halting growth and scale for Zalaris, the company is delivering on its cost cutting with another solid quarter, showcased by an underlying EBIT margin of 8% and 6.1% FCF yield (incl. leases) YTD. Management also seemed confident of further margin improvement and growth in 2021, with the latter being key for achieving more scale as the fixed cost base is still high. We reiterate our BUY recommendation and lift our target to NOK 63/sh.
Revenues of NOK 189.7m, 7% and 4% below ARCe and Consensus Underlying cash-EBIT margin of 8.2%, in line with ARCe Still slight revenue impact by Covid-19, but better outlook Figures slightly below expectations, but still supportive
SAP cut both its 2020 and mid-term targets yesterday …citing more muted demand, following re-introduced lockdowns ZAP expects this to last to at least 1H 2021 Outlook risk on Zalaris, but margin improvement our main focus in Q3
Zalaris will report Q3 figures 27 October and we expect another solid quarter with further margin improvement. We have lifted our Q3 estimates on lower cost assumptions and slightly upped growth for Q4/20 and Q1/21 following continued easing of Covid-19 restrictions. If Zalaris delivers on our Q3 EBIT margin, we argue it should lead to a repricing as it adds further support to the margin recovery with the third consecutive quarter of margin improvement.
Zalaris reported strong Q2 figures, which added confidence to our margin expansion view. Management also gave a positive outlook statement and Zalaris is on track to deliver on its 10% adj. EBIT margin target, already achieving a 5% FCF yield (incl. leases) in 2020 despite modelling negative FCF in H2 due to WC. We lift our target price to NOK 61 based on revised estimates and lower NIBD, but emphasize further upside as we currently model 8% FCF yield in 2022.
Strong Q2 figures and underlying margins DPS of NOK 0.5 per share has a strong signalling effect Zalaris highlights strong pipeline and positive effects post COVID-19 We expect positive estimate revisions and spread tightening
Strong figures and underlying margin Dividend of minimum NOK 0.5 per share announced Zalaris expects positive effects post COVID-19 We expect positive estimate revisions and share to trade up
NPL companies: Proposal for changes to debt collection law in Norway Axactor: Renews and expands forward flow agreement in Norway NRC group : SEK 149m contract in Sweden Zalaris: Renews payroll and HR services for leading fertilizer company
Companies: 0DSJ 0QWF 2LJ
Research Tree provides access to ongoing research coverage, media content and regulatory news on Zalaris ASA. We currently have 56 research reports from 3 professional analysts.
Companies: Gattaca plc
Liberum
Companies: CLA STM GLN FXPO KAV GWMO CEY BHP THX EEE
SP Angel
Companies: Quadrise PLC
Shore Capital
Jersey Electricity (JEL) is intensifying its focus on energy security and electrification across Jersey by creating opportunities to accelerate growth. It successfully navigated the volatile wholesale power price environment in 2020–23, shielding its customer base from the worst inflationary pressures. However, from 2025, as older, more favourable hedges expire, this protection will diminish. Therefore, we have marginally reduced our earnings forecasts to account for the increased exposure to wh
Companies: Jersey Electricity plc Class A
On 9 January last year, we set out our ten top stock picks for 2023, for what turned out to be another relatively poor twelve months for UK equities due to two wars, stubbornly high inflation and further tightening of monetary policy. This was even as other major markets, such as the US, largely recovered in the year. In the 2023 calendar year, the AIM All-Share index fell 8.2% and is still 42% off its 2021 high. From the release of our 2023 top picks note, the average total return (assuming div
Companies: PTAL GHH IGP MSLH PINE NXQ EQLS NXR AXL
Zeus Capital
Companies: Judges Scientific plc
Share: