BactiQuant - A Contagious Technology - Analyst Group

BactiQuant A/S (“BactiQuant” or the “Company”) has developed a technology that monitors bacterial contamination in water, proven to detect corrosion at an early stage. Bacterial-contamination causes corrosion, resulting in damages worth billions of DKK annually. With BactiQuant’s competitive and patented technology, the Company has positioned itself as a leader in corrosion prevention, however, the technology is also used in other areas, such as monitoring the quality of drinking water, and is expected to see an increased demand of the products following new governmental regulations. In a Base scenario, Analyst Group estimates a revenue of DKK 53.5m in 2023, which based on an applied EV/S multiple of 3.6x motivates a potential price of DKK 11.4 per share.