2020-03-26 09:13:49

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IAR Systems: IAR Systems Insiders showing the way - DNB

While Covid-19 does not stop the increased security risks the IoT can present, nor developers’ need for the flexible design processes offered by RISC-V, we have cut our 2020–2022e EBIT forecasts by 19%. Still, as its legacy tools are system-critical for its OEM customers, we estimate its fair value at SEK150–230 (230–275) and note that the stock is trading at a P/E 2021e of 16x, a 40% discount to its historical average.

Link to research:
https://www.dnb.no/seg-fundamental/fundamentalweb/GetReportSpon.aspx?file=CMPSP_153079.pdf
https://www.dnb.no/seg-fundamental/fundamentalweb/GetReportSpon.aspx?file=CMPSP_153079.pdf

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