Updated forecasts post the H1 release and the impact of warrant issuance
TARGET CHANGE
CHANGE IN TARGET PRICE € 2.96 vs 4.90 -39.5%
Our target price goes down following downgrades across the DCF, NAV and peer based valuations. Recent dilution has been a major factor in this and, given that Gaussin will require funding to scale up manufacturing, future equity dilution cannot be ruled out and hence remains a key risk to consider.
CHANGE IN EPS
2023 : € 0.03 vs 0.28 -89.9%
2024 : € 0. ....
