Huddlestock: Challenging Traditional Business Models in the Financial Market - Analyst Group

Huddlestock Fintech AS (”Huddlestock” or the ”Company”) has during the second quarter 2023 significantly bolstered the Company’s offering by combining the offerings and integrated the capabilities of the acquired businesses, as well as further technological development. Huddlestock's strong value proposition to providers of investment services is expected to contribute to new deals and business opportunities going forward. This, combined with a strong outlook for the Professional Financial division into 2024, justifies a strong outlook for both the full year of 2023 and 2024. Huddlestock are estimated to reach a revenue of NOK 179M in 2024, and based on an applied EV/S target multiple of 3.9x, a potential fair value of NOK 3.2 (3.2) per share is derived in a Base scenario.

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