We initiate coverage of Airthings with a Buy rating and target price of NOK 16. Airthings offers market leading indoor air quality monitors measuring radon, mould and other air contaminants as well as energy management solutions to optimize the ventilation system in buildings. The company is trading at a discount to peers with strong revenue growth prospects of 48% 2020-2024 CAGR, which compares to its historical 63% revenue growth since 2016.
26 Nov 2020
IoC: Gaining altitude in air quality monitoring
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IoC: Gaining altitude in air quality monitoring
We initiate coverage of Airthings with a Buy rating and target price of NOK 16. Airthings offers market leading indoor air quality monitors measuring radon, mould and other air contaminants as well as energy management solutions to optimize the ventilation system in buildings. The company is trading at a discount to peers with strong revenue growth prospects of 48% 2020-2024 CAGR, which compares to its historical 63% revenue growth since 2016.