The full year results are marginally ahead of our revised upwards forecasts. There is solid momentum across the Group and we see double-digit revenue growth and expanding margins ahead. This double-digit forecast growth rate is driving the rating of the stock down to a single digit EV/EBITDA rating. Buy.

28 Jul 2021
Cenkos: Shearwater Group Plc -- A further beat

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Cenkos: Shearwater Group Plc -- A further beat
Shearwater Group plc (SWG:LON) | 47.0 0 0.0% | Mkt Cap: 11.2m
- Published:
28 Jul 2021 -
Author:
Cavendish Research -
Pages:
6 -
The full year results are marginally ahead of our revised upwards forecasts. There is solid momentum across the Group and we see double-digit revenue growth and expanding margins ahead. This double-digit forecast growth rate is driving the rating of the stock down to a single digit EV/EBITDA rating. Buy.