Attendo (OM:ATT) has just finished several care projects in Finland and started another in Sweden, drawing attention to how new elderly and disability facilities might influence the group’s long term service capacity.
These project updates land while Attendo’s SEK117.7 share price reflects mixed recent trading, with a 1-day share price return of 2.53% but a 30-day share price return that fell 6.88%, set against stronger momentum shown in the 47.68% year-to-date share price return and a 1-year total shareholder return of 49.72% that aligns with very large total shareholder returns over three and five years.
Spot opportunities around Attendo's expansion story by scanning a curated list of solid balance sheet and fundamentals (207 results) that could benefit from similar long term care and healthcare service demand.Attendo now trades around SEK117.7 with a double message: a large intrinsic value gap on one side and a more modest 11% discount to analyst targets on the other. Does that caution match the fundamentals investors can see today?
Most Popular Narrative: 11% Undervalued
Attendo’s most followed narrative points to a fair value of SEK132.5, which sits above the current SEK117.7 share price and frames today’s discount as primarily about execution risk rather than a broken business model.
Capital light cash generation, with rolling 12 month free cash flow to firm of about SEK 1.2–1.34b and relatively low capex alongside a lease adjusted net debt to EBITDA ratio of 1.1x, gives Attendo room to fund capacity growth, acquisitions and around 5% annual share repurchases, which can support earnings per share and equity value over time.
See why 1 investors see Attendo as 11% undervalued.
Result: Fair Value of SEK132.5 (UNDERVALUED)
Still, the thesis around Attendo can be knocked off course if the exit from low margin contracts drags on or if leadership uncertainty disrupts margin progress.
Find out about the key risks to this Attendo narrative.
Next Steps
Sentiment around Attendo is cautiously optimistic, so it helps to pressure test the numbers yourself and decide whether that view holds up. To see what positives others are focusing on, review the 4 key rewards
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