FOM Technologies: Attractive Growth Potential and Aiming for Main Market in 2023

FOM Technologies: Attractive Growth Potential and Aiming for Main Market in 2023

Stockpicker conducts commissioned equity research on the Danish company FOM Technologies, listed on First North Growth Market Denmark. Stockpicker finds the company well positioned for strong growth and the investment case attractive.

Interesting Technology

FOM Technologies has gained recognition as a pioneer of cutting-edge precision equipment for slot-die coating of new functional materials. The technology can be used for a variety of different research areas and the market potential can thus be described as high. The Danish company already has a strong global clientele with highly regarded universities and several fortune 500 companies.

FOM Technologies aim to grow and develop into a leading company within the slot-die coating technology, contributing to a cleaner and more sustainable world.

Record year 2021

2020 was a challenging year for FOM Technologies due to COVID-19 restrictions. However, in 2021 the company raised their financial guidance several times and the commercial journey described in the IPO memorandum started to materialize. FOM Technologies achieved this despite continuing supply challenges caused by the COVID-19 epidemic.

Aiming for Main Market

After a strong financial year 2021 and aggressive investments in innovation, a global distribution network and development of new products, FOM Technologies intend to work towards a listing on the Nasdaq Main Market – Small Cap in 2023.

Attractive Growth Potential

Using a discounted cash flow valuation method, we establish a fair value per share of 49,0 DKK. For our base case scenario to materialize, FOM Technologies will have to increase both sales and profitability substantially.

Stockpicker considers the company's technology, in itself, to carry a value. The high value of insider ownership also signals management strong believe in the future of the company.

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Axel Stenman Analytiker
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