SISM Investors Initiates Coverage on Condor Technologies NV With a Buy Rating
11 Octubre 2022 - 7:00AM
Business Wire
Condor Technologies NV is at the forefront of revolutionizing
the dental intra-oral device market and is poised to benefit from a
transformational megatrend of digitalization throughout the clinics
and laboratories worldwide
Ernest C. Schlotter, a senior analyst at SISM Investors based in
Zurich, Switzerland, and a four-star analyst according to StarMine,
a former Thomson Reuters company, published an eight-page report on
Condor Technologies NV (MLMFI.PA ISIN: BE6252013725) dated October
4, 2022. The report includes a 12–24-month target equity valuation
and analyst rating/recommendation. SISM Investors met its
12-month price target of € 97.50 by valuing the Company’s business
based on comparable company analysis within the dental and medical
supplies industry. READ THE FULL CONDOR TECHNOLOGIES RESEARCH
REPORT
According to the report by analyst Schlotter: “The new digital
technology is rapidly changing the future of dentistry, and the
pandemic has played a role in advancing the technology revolution.
Condor competes in this fastest-growing segment of the
dental market and invents, manufactures, and sells dental
intra-oral scanners in Europe and internationally. The new flagship
product in development is the 'ARCH 1'. The world-first
software-driven intra-oral tray scanner uses multiple cameras to
create 3D images and is 5G compatible and can also be used in
Teledentistry.”
Schlotter added: “Surge in acquisitions and significant
investments in 2022 drives dental devices market. Condor
Technologies sold its first generation IOS technology product upon
finishing the development for twenty-six million euros. The rapidly
changing dental devices market is a high-growth, high-margin
business. We believe that Condor hat can create significant
shareholder value in the future; its flagship, the 'ARCH 1'
is at the forefront of revolutionizing the dental intra-oral device
market, and the Company is committed to investing heavily in
R&D to bring more new technologies and products to the
marketplaces. We estimate sales of €66.1M by 2024 and €4.48
earnings per share, reflecting € 97.50 per share.”
© SISM Research 2022 Disclosure: SISM Investors have received
compensation from an investor relations consulting firm engaged by
the issuer for providing research coverage for a period of no less
than one year. SISM Investors received a fee of CHF 15,000 for
these services provided to or regarding the issuer: Please read the
disclaimer at the end of the research report.
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version on businesswire.com: https://www.businesswire.com/news/home/20221010005794/en/
SISM Investors Ernest C. Schlotter +41-78-645-7000
ernst@sisminvestors.com
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