Signet Bank Initiates Coverage of Eleving Group

Eleving Group announced that Signet Bank has produced a detailed report evaluating its sectoral environment, financial performance, and valuation as of November 20, 2024. This report provides an analysis of Eleving's market standing, growth strategy, and financial outlook. Signet Bank forecasts a 12.9% CAGR in revenues, reaching €351.5 million by 2028, with EBITDA and net profit estimated at €150.2 million and €55 million respectively, by then.

The company's loan portfolio is expected to double by 2028, spurred by organic growth and market expansion, totaling €636 million. Dividend yields are projected to increase from 5.8% in 2024 to 14.2% by 2028. Eleving aims to enter new markets in Sub-Saharan Africa and Europe, and diversify with SME financing in Europe.

Valued at €1.88 per share, Eleving's stocks present a 13.8% upside potential. The projected return on equity is anticipated to reach 33.6% by 2028, marking solid profitability.