B2Holding’s Q3 report is due on November 3rd and we look forward to an update from the company. B2H has almost doubled since the March lows, but is still trading at a 40% discount to book values, 5x 2021e EPS and 3x EV/Cash EBITDA. We have not made any changes to our estimates ahead of Q3 which looks to be a solid quarter unless significant revaluations are booked. We reiterate our Buy recommendation and target price of NOK 9 for now.
18 Oct 2020
Solid Q3 ahead, focus on 2021 outlook
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Solid Q3 ahead, focus on 2021 outlook
B2 Impact ASA (B2I:OSL) | 0 0 0.0%
- Published:
18 Oct 2020 -
Author:
Joakim Svingen | Roy Tilley -
Pages:
11
B2Holding’s Q3 report is due on November 3rd and we look forward to an update from the company. B2H has almost doubled since the March lows, but is still trading at a 40% discount to book values, 5x 2021e EPS and 3x EV/Cash EBITDA. We have not made any changes to our estimates ahead of Q3 which looks to be a solid quarter unless significant revaluations are booked. We reiterate our Buy recommendation and target price of NOK 9 for now.