Comment / Undervalued ID Logistics? More likely the diner than dinner

ID 359679923 © Engin Korkmaz | Dreamstime.com

The equity research house is bullish about its investment case: “We think good market momentum and further market share gains resulting in the ramp-up of new contracts will support sales growth in the coming 5-10 years (CAGR of 10% for 2023-30 and 6% for 2030-35).

“Meanwhile, we model an underlying Ebit CAGR of 13% for 2023-30 and 9% for 2030-35,” which implies a doubling in revenues by 2030, and a doubling in Ebit by mid-2028.

Its prospects are boosted by strong tailwinds ...