CapMan: Fee profit on track - SEB

Rising and scaling fee profit is in our view the key value driver for CapMan’s investment case and the company delivered on that in Q1. Management provided an ambitious plan for its ongoing and upcoming flagship fundraising, which makes us think the recent uncertainty is not impacting CapMan’s real asset market too severely. Our fair value range is fine-tuned to EUR 2.1-2.3.

Länk till analysen i sin helhet: https://research.sebgroup.com/corporate/reports/141726