Unidata

Getting growth for free

I have mentioned Unidata (UD) in the first half of 2024 but didn’t think the time was ripe to buy yet. Then results for UD were somewhat disappointing and the stock dropped about 25% in the second half. I still couldn’t bring myself to pull the trigger as a much lower forward guidance by management would crater the stock further.

But then on December 17th management reiterated their 2027 guidance for €140-145m of revenue, €40-42m EBITDA and €10m in net debt (on a currently €90m market cap) and I decided to pull the trigger and bought some UD shares.

Obviously management guidance that far in advance should always be taken with a grain of salt but: