Original-Research: Ikonisys SA (von Sphene Capital GmbH): Buy

Original-Research: Ikonisys SA - von Sphene Capital GmbH

Einstufung von Sphene Capital GmbH zu Ikonisys SA

Unternehmen: Ikonisys SA
ISIN: FR00140048X2

Anlass der Studie: Update Report
Empfehlung: Buy
seit: 31.07.2023
Kursziel: EUR 4,50 (unverändert)
Kursziel auf Sicht von: 36 Monate
Letzte Ratingänderung: -
Analyst: Peter Thilo Hasler, CEFA

Second sale of the high-volume Ikoniscope20max  
With another sale completed of the Ikonicope20max, the high-end, high-volume configuration of the Ikoniscope20 for high-throughput laboratories, we believe Ikonisys is on track to expand its global reach and to meet our long-term financial targets. We are confirming our Buy rating for the shares of Ikonisys SA and our price target of EUR 4.50 which is based on a three-stage DCF entity model (base case scenario). In a Monte Carlo analysis we used alternative sales and earnings scenarios and calculated equity values in a range between EUR 45.1m (10% quantile) and EUR 67.6m (90% quantile), which translate into price targets between EUR 3.50 and EUR 5.30 per share.

Ikonisys announced the second sale and installation of the Ikoniscope20max; the customer is a specialized urology laboratory in the Midwestern United States. The Ikoniscope20max is a high-volume configuration of the Ikoniscope20 specifically designed for high-throughput medium and large laboratories.

The sale highlights the strong value proposition of the Ikoniscope20 for laboratories, where we believe Ikonisys has taken a technology leadership position in laboratory automation, ahead of larger competitors such as Olympus, Leica, Thermo Fisher, Perkin Elmer, Applied Spectral Imaging, Bioview, MetaSystems or Zeiss, none of which have achieved such a deep level of automation as Ikonisys, in our view.

Die vollständige Analyse können Sie hier downloaden: http://www.more-ir.de/d/27421.pdf

Kontakt für Rückfragen
Peter Thilo Hasler, CEFA
+49 (89) 74443558/ +49 (152) 31764553
peter-thilo.hasler@sphene-capital.de

-------------------übermittelt durch die EQS Group AG.-------------------

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