Enea: Virus-resistant Software
Research Note
2020-03-23
19:45
Redeye trims the short-term estimates due to the general economic calamity in the wake of Covid-19. However, we keep our valuation as we reckon that Enea's defensive software business is resilient and to a large extent seems unaffected by the adversities of the coronavirus. Most notably, the recurring revenue ratio is above 50%.
VW
Viktor Westman
Disclosures and disclaimers