NIOX enjoyed another strong year in FY23, with revenues growing >20% CER and operating margins improving materially once again. We see scope for sustained growth into the medium term, with various initiatives underway to further drive penetration of FeNO testing. The fundamentals of NIOX are highly attractive, supported by regular forecast upgrades and optionality around shareholder returns given the strong balance sheet. In this context, the shares should be viewed as a core holding in the sect ....
01 Mar 2024
Core holding trading on 5% FCF Yield
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Core holding trading on 5% FCF Yield
NIOX Group Plc (NIOX:LON) | 67.1 0.3 0.6% | Mkt Cap: 284.6m
- Published:
01 Mar 2024 -
Author:
Chris Glasper -
Pages:
3
NIOX enjoyed another strong year in FY23, with revenues growing >20% CER and operating margins improving materially once again. We see scope for sustained growth into the medium term, with various initiatives underway to further drive penetration of FeNO testing. The fundamentals of NIOX are highly attractive, supported by regular forecast upgrades and optionality around shareholder returns given the strong balance sheet. In this context, the shares should be viewed as a core holding in the sect ....