2024-05-06 22:15:32 ET
Summary
- Evolution AB's share price has fallen by 10% due to concerns over execution risks.
- In 1Q24, the company encountered several headwinds, including slow execution in expansion plans, FX headwinds, and failure to turn around the RNG business.
- The company's premium valuation reflects industry-leading EBITDA margins and revenue growth but also raises expectations for flawless execution.
- I rate the company as a hold for now, citing the need for clearer signs of improvement amidst ongoing challenges.
Overview
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Evolution AB: A More Robust Execution Needed