With several LOI:s now converted into firm deals Agtira looks to establish dominance on the Swedish market, while eying an international expansion in the near future. Watch Emergers’ interview with CFO and acting CEO Christer Edblad about the roadmap towards profitability, highlights for 2023 and how the Agtira Farming as a Service business model actually works.
READ EMERGERS’ EQUITY RESEARCH ON AGTIRA HERE
AGTIRA | Snowballing with Farming as a Service
It took less than five months for Agtira to convert the LOI with Greenfood into a firm order of SEK 80m, the first of potentially ten, and the company’s Farming as a Service (FaaS) model is now gaining traction. With an increasing dominance for the FaaS-model, at least in Sweden, positive cash flow is pushed into the future due to smaller but recurring revenues building up over time. Along with a macro-driven hike in discount rate, the 14 systems under LOI or construction, plus a rollout of one Complete, one Greens and three InStores per year now support a fair value range of SEK 22-27 (32-46) per share in 12-24 months.
Andreas Eriksson | 2022-10-14 08:00
This commissioned research report is for informational purposes only and is to be considered marketing communication. This research report has not been prepared in accordance with legal requirements designed to promote the independence of investment research and Emergers is not subject to any prohibition on dealing ahead of the dissemination of investment research. This research does not constitute investment advice and is not a solicitation to buy shares. For more information, please refer to disclaimer.
DISCLAIMER
