Pareto: Seven Action Ideas for 2021



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Solar energy company Azelio was strong in 2020, but there is more to gain in 2021 according to Pareto. The company received its first commercial order on Dec. 9 and more are expected during the first half of 2021, Pareto writes. The indicative price is 50 SEK.

Embracer is described as becoming a major global gaming company and the company is estimated to have the opportunity to enter into corporate deals of up to SEK 14-15 billion. In the coming years, an increased flow of new company launches is expected, which may further increase profit levels. Indicative price is SEK 236.

Kambi sportsbook is another of Pareto’s ideas. Pareto sees strong underlying growth in the years ahead, as the US quickly legalizes sports betting. In addition, there is strong growth potential in Latin America. The target price has been set at 409 SEK.

The Klövern real estate company is considered to have a diversified portfolio with low exposure to specific tenants. Among other things, the housing project portfolio is seen as favorable and, in the long term, Klövern is expected to aim for a higher rating, something that is considered capable of reducing financing costs by 10-40 points. The indicative price is set at 18 SEK.

According to Pareto, Sedana Medical continues to deliver on its promises by achieving all major milestones. The covid-19 pandemic has generated increased interest in inhaled anesthesia and studies also support the case for inhaled anesthesia rather than intravenous anesthesia. According to Pareto, 2021 includes a large number of important triggers, such as approval in Europe and the start of studies in the US The indicative price is 400 SEK.

According to Pareto, 2021 is expected to be a strong year for audiobook company Storytel, where acquisitions, new markets and offerings are expected to boost user growth going forward. Launches are now underway in Belgium and Thailand, and during the first quarter of 2021 launches are also expected in Israel and Indonesia. The company’s guidance for 32 percent user growth and 19 percent revenue growth seems conservative, according to Pareto. The indicative price is 390 SEK.

According to Pareto, Qleanair, which offers solutions for indoor air purification, is expected to see organic growth of 10 percent by 2022. Pareto likes the company’s combination of future sales with stronger growth for the solutions of facilities and rooms than for cabin solutions. A conservative valuation is 10.0 ev / ebit for 2022, according to Pareto. The indicative price has been set at SEK 65.

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