Overview
Swedish asset manager's Q4 pretax profit rose yr/yr
Company invested SEK 4 bln in new debt portfolios, achieving record collection performance
Company announced SDR status, enhancing investment capacity
Outlook
Hoist Finance aims to increase yearly investment pace, leveraging SDR status
Company focuses on attractive returns for future investments
Hoist Finance emphasizes tight cost control for future operations
Result Drivers
PORTFOLIO INVESTMENTS - Co invested SEK 4 bln in new debt portfolios, increasing total investment portfolio to SEK 33.4 bln
COLLECTION PERFORMANCE - Record collection performance of 108%, indicating stable underlying portfolio value
SDR STATUS - Achieved SDR status, enhancing investment capacity and allowing dissolution of capital provisions
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Income
SEK 361 mln
Q4 CET1 Capital Ratio
10.80%
Q4 Pretax Profit
SEK 492 mln
Q4 ROCE
21.80%
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the consumer lending peer group is "buy."
Wall Street's median 12-month price target for Hoist Finance AB (publ) is SEK122.50, about 1.6% above its February 5 closing price of SEK120.60
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 7 three months ago
Press Release: ID:nMFN2zl3WK
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)