Alantra Equities gives knowmad mood shares a potential upside of between 11.6% and 45.6%.

• Alantra Equities sets a valuation range of between €4.60 and €6.00 per share

• This is the first report initiating coverage of knowmad mood by a securities firm

Alantra Equities analysts published yesterday, Tuesday, the first report initiating coverage of knowmad mood since it began trading on BME Growth in December 2022. In the report, Alantra Equities established two scenarios to set a valuation range for the share price: a conservative scenario, where they arrived at a valuation of €4.60 per share, and an optimistic scenario, where they arrived at a valuation of €6.00 per share. These two prices imply a potential increase in the share price of between 11.6% and 45.6% compared to the closing price on Monday, July 28 (€4.12 per share).

In this report, Alantra Equities highlights that knowmad mood stands out for its employee-centric culture and long-term relationships with its customers, to whom it provides a growing number of technology services as they develop their businesses. The company has a proven model of strong organic revenue growth, which has been complemented by its international expansion and momentum through acquisitions in recent years. Analysts expect knowmad mood to meet the targets set out in its 2025-2028 Strategic Plan, published last April, and to maintain comfortable financial leverage ratios during that period (below 2.2x EV/EBITDA), despite its ambitious M&A program.

“When we went public in December 2022, knowmad mood was valued at €3.04 per share. Two and a half years later, the valuation in this first report initiating coverage of the company, between €4.60 and €6.00, confirms that our growth plans and their execution are on track to create value for our shareholders and investors in the long term,” said José Manuel Rufino, Chairman and CEO of knowmad mood.