Intrum AB (INTRUM) had pre-announced the headlines, but released its full Q3 report on Oct 23rd. We have made marginal estimate revisions lowering 2020e EPS 2% and increasing 2021e/2022e EPS 1%. Intrum is trading just below 9x 2021e EPS and we expect solid EPS growth towards SEK 30 in 2022. The dividend yield is also attractive at 4%/5.5% for 2020/2021. Furthermore, unlike the banks Intrum is not dependent on the regulators’ goodwill.
04 Nov 2020
4% div yield and not dependent on regulator
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4% div yield and not dependent on regulator
Intrum AB (INTRUM:OME) | 0 0 0.0%
- Published:
04 Nov 2020 -
Author:
Joakim Svingen | Roy Tilley -
Pages:
14
Intrum AB (INTRUM) had pre-announced the headlines, but released its full Q3 report on Oct 23rd. We have made marginal estimate revisions lowering 2020e EPS 2% and increasing 2021e/2022e EPS 1%. Intrum is trading just below 9x 2021e EPS and we expect solid EPS growth towards SEK 30 in 2022. The dividend yield is also attractive at 4%/5.5% for 2020/2021. Furthermore, unlike the banks Intrum is not dependent on the regulators’ goodwill.