NuWays AG Analysis Recommends Buying NFON AG Shares

NuWays AG, in a recent analysis, recommends buying NFON AG shares due to the current weakness in the stock price, deemed unjustified. The company saw its adjusted EBITDA increase from -0.8 million euros to 6.0 million euros thanks to efficiency measures. NFON also benefits from structural growth drivers in an expanding market.

The report forecasts annual financial figures for NFON above expectations, with projected sales of 82.4 million euros and adjusted EBITDA of 8.0 million euros. NFON's current stock market valuation, at 1.0 times the projected 2023 sales, is considered particularly attractive.

Building on these factors, NuWays AG maintains its buy recommendation with a price target of 11.70 euros, based on a DCF (Discounted Cash Flow) analysis. NFON AG is seen as an interesting choice for investors, given its growth potential and current market valuation.