- Adjusted Ebitda for 1H 2024: EU609 million, up 9.7% year-over-year (y/y), but missing the estimate of EU690.1 million.
- Adjusted Ebitda margin: 56%, compared to 54% y/y; below the estimated 59.1%.
- Management fees: EU1.05 billion, an increase of 13% y/y, matching the estimate.
- Adjusted operating expenses: EU479 million, up 3.2% y/y, slightly above the estimate of EU477 million.
- Adjusted net income: EU500 million, up 11% y/y, but below the estimate of EU570.3 million.
- Assets under management: EU133 billion, a 5.6% increase y/y, just shy of the estimated EU133.24 billion.
- Total investments: EU12 billion, up significantly by 33% y/y.
- Adjusted diluted EPS: EU0.422, compared to EU0.379 y/y, but short of the estimated EU0.48.
- Adjusted total revenue: EU1.09 billion, up 6.8% y/y, but missing the estimate of EU1.17 billion.
- Commentary: All key funds performed On plan or Above plan.
- Total gross fund exits during the period: EUR 4 billion.
- Fundraisings are generally taking longer in the current environment; improvement is expected once realizations pick up across private markets.
- New buyback program: To start on July 19, 2024, and end on August 23, 2024, comprising 2.0 million shares.
- Analyst recommendations: 7 buys, 7 holds, 1 sell.
“`
A look at EQT Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma’s Smart Scores, EQT has a promising long-term outlook. With a solid momentum score of 4, the company appears to be on an upward trajectory in terms of growth potential. Additionally, EQT demonstrates resilience with a score of 3, indicating its ability to withstand market volatility and economic challenges. While its value, dividend, and growth scores are all at a moderate level of 2, the higher momentum and resilience scores suggest that EQT may be well-positioned for future success.
EQT AB operates as an investment firm, with a focus on equity, ventures, infrastructure, and real estate properties. Serving clients globally, EQT’s Smart Scores point towards a company that is showing positive signs in terms of growth and stability. Investors may find EQT an attractive prospect for long-term investment based on its overall Smart Score outlook.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
