SP1M starter dekning av ARGEO kursmål 18kr, 100% oppside ++
ARGEO (Buy, TP NOK 18): Transforming the ocean surveying and inspection industry
Conclusion
We initiate coverage of Argeo with a Buy recommendation and NOK 18 target price. Argeo targets to transform the ocean survey and inspection industry with Autonomous Underwater Vehicles (AUVs), which are faster, cheaper and greener than conventional ROVs. The AUV market is expected to double by 2025 and surpass the ROV market in size by 2030. Argeo is the only pure-play provider of AUVs in the market, and has an asset light and flexible setup with low required utilization for break-even. We see revenues increasing from USD 66m in 2021e to USD 506m in 2024e, driven by ramp-up of the AUV fleet and increased utilization, with EBIT margin increasing from 5% to 27% in the period. Note that Argeo’s own revenue estimates are 46-79% above our estimates for 2022-24, meaning there could be upside to our estimates. We calculate EV/EBIT of 4.2x/1.8x in 2022-23e and P/E at 6.3x/3.1x, which is very low both on an absolute basis and vs peers. If Argeo delivers on estimates, we see vast upside beyond our NOK 18 target price.
Conclusion
We initiate coverage of Argeo with a Buy recommendation and NOK 18 target price. Argeo targets to transform the ocean survey and inspection industry with Autonomous Underwater Vehicles (AUVs), which are faster, cheaper and greener than conventional ROVs. The AUV market is expected to double by 2025 and surpass the ROV market in size by 2030. Argeo is the only pure-play provider of AUVs in the market, and has an asset light and flexible setup with low required utilization for break-even. We see revenues increasing from USD 66m in 2021e to USD 506m in 2024e, driven by ramp-up of the AUV fleet and increased utilization, with EBIT margin increasing from 5% to 27% in the period. Note that Argeo’s own revenue estimates are 46-79% above our estimates for 2022-24, meaning there could be upside to our estimates. We calculate EV/EBIT of 4.2x/1.8x in 2022-23e and P/E at 6.3x/3.1x, which is very low both on an absolute basis and vs peers. If Argeo delivers on estimates, we see vast upside beyond our NOK 18 target price.
Redigert 16.08.2021 kl 10:18
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moneymachine skrev Alltid en fordel når du får solgt deg ut. Da er bremsen av.
Det har du helt rett i. Bremsen er av. Samler seg noen skikkelige poster på kjøper siden.
Straks klar for avgang! Hopp på
Straks klar for avgang! Hopp på
Billyjojimbob
23.06.2023 kl 11:25
3647
Lykke til videre ,satser på at fremtidige inntekter trumfer risikoen👍
Mr Big
23.06.2023 kl 12:25
3491
Det vil gå litt opp og ned men vi er på veg til 18 kr. Slutter på 5 kr i dag før helgen.
thypoon
28.06.2023 kl 09:39
3172
Dager unna før tredje kvartal og selskapet tjener penger. Spennende selskap med enormt potensiale
Andpaal71
28.06.2023 kl 11:35
3067
helloween skrev Tipper den bryter 3 kroner inne klokken 10.00
Der tippa du feil med 1.5 timer. Tror nok du går rett altså!!
rgeo granted new patent for electromagnetic method for tracking and detection of pipelines and power cables
Asker, 28. June 2023 – Argeo Robotics AS, a fully owned subsidiary of Argeo AS, has been granted a patent from the Norwegian Industrial Patent office (Patentstyret) for a subsea electromagnetic remote-sensing system for tracking of buried cables and pipelines below the seafloor.
This patent protects Argeo’s exclusive services with the products “Argeo Whisper” for finding and tracking pipelines and cables below or on the seafloor at depths not possible with conventional technology. Argeo Whisper is integrated on Argeo’ Autonomous Underwater Vehicle (AUV). It can also be installed on other subsea vehicles such as ROVs and can also be used when towed behind a surface vessel.
Argeo has developed a portfolio of electromagnetic source and receiver systems for AUVs, Underwater Intervention Drones and ROVs.
With the successful development of subsea electromagnetic technology and by establishing a significant patent portfolio around it, Argeo is now pursuing product sales and services utilizing Argeo Whisper in new markets segments with significan
Asker, 28. June 2023 – Argeo Robotics AS, a fully owned subsidiary of Argeo AS, has been granted a patent from the Norwegian Industrial Patent office (Patentstyret) for a subsea electromagnetic remote-sensing system for tracking of buried cables and pipelines below the seafloor.
This patent protects Argeo’s exclusive services with the products “Argeo Whisper” for finding and tracking pipelines and cables below or on the seafloor at depths not possible with conventional technology. Argeo Whisper is integrated on Argeo’ Autonomous Underwater Vehicle (AUV). It can also be installed on other subsea vehicles such as ROVs and can also be used when towed behind a surface vessel.
Argeo has developed a portfolio of electromagnetic source and receiver systems for AUVs, Underwater Intervention Drones and ROVs.
With the successful development of subsea electromagnetic technology and by establishing a significant patent portfolio around it, Argeo is now pursuing product sales and services utilizing Argeo Whisper in new markets segments with significan
rosgun
03.07.2023 kl 18:13
2744
Denne kan man vel bruke nå som en pipeline på 300 mill er guidet + Q3, cashpositive🍾
verbatim
03.07.2023 kl 18:16
2729
ikke umulig det. Men hvor mange aksjer var det da denne analysen ble laget?
rosgun
03.07.2023 kl 21:07
2581
Sålenge det er foretatt rettet emisjoner vil kun topp 5 eie flere så antall frie aksjer er fortsatt få. Topp 50 innehar 90% mener jeg å ha lest
Redigert 03.07.2023 kl 21:23
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Newbe75
03.07.2023 kl 21:57
2480
Om du går inn på hjemmesiden deres finner du de som eier halvparten ca.
Og nok en positiv artikkel:
https://www.finansavisen.no/finans/2023/07/03/8019819/argeo-hentet-penger-etter-kursoppgang
Og nok en positiv artikkel:
https://www.finansavisen.no/finans/2023/07/03/8019819/argeo-hentet-penger-etter-kursoppgang
Redigert 03.07.2023 kl 22:01
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po59
03.07.2023 kl 23:03
2358
Slik eg les artikkelen i finansavisen i dag, så planlegges de å bruke flere enheter, de vil si at dei planlegger å innleie flere båt offshore.
castro1
03.07.2023 kl 23:07
2344
Pengene flommer inn på konto nå. Snart kommer nye analyser som vil sende denne langt opp. Meningsløst lavt priset nå.
Billyjojimbob
03.07.2023 kl 23:10
2343
Nå når alle har fått fet rabatt er det dags for fete reprising
Marketwatch
03.07.2023 kl 23:47
2275
Utrolig til haussing av denne aksjen. Hittil har vel selskapet kun vist at de er flink til å brenne cash. De har fortsatt mye å bevise, vi får svaret i 2h. Når det gjelder leting etter mineraler på havbunnen, må man nok, med normal sendrektighet og protester fra ulike miljøorganisasjoner, forvente flere års venting. Det var nok en grunn til at emisjonskursen ble satt på 2,75.
Newbe75
04.07.2023 kl 08:14
2130
Tror ikke du har satt deg helt inn i hva dette dreier seg om. Kan være lurt å lese seg litt opp før du slenger rundt med slik..... Mineraler blir bare en bonus.
moneymachine
04.07.2023 kl 17:18
1977
Ikke bry deg om han. Han anbefalte å holde seg unna Meltwater for budet kom også.
Andersiverden
05.07.2023 kl 09:47
1667
Opp 4,9% as we speak....fortsetter oppgangen fra igår. Opp 5,8% nå...noe på gang?...7,1% opp nå...flere ha trua.
Redigert 05.07.2023 kl 10:10
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rosgun
05.07.2023 kl 15:02
1391
Bra det er tradere i aksjen med høy omsetning, det er et godt tegn👍
Spent på om de har is nok i magen til å la den gå mot dagens høyeste på 3,58 eller la den gå under 3,10(laveste)
Men lykke til.
Spent på om de har is nok i magen til å la den gå mot dagens høyeste på 3,58 eller la den gå under 3,10(laveste)
Men lykke til.
Redigert 05.07.2023 kl 16:27
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