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GAPW B: Funding And New Radar Orders Will Support Stronger Future Upside

High-Performance Radar Sales Will Rise With Global ADAS Adoption

GAPW B logo
GAPW B
AnalystConsensusTarget
Not Invested
Published 20 Apr 2025

Update shared on 11 Dec 2025

Fair value Decreased 13%
Previous
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AnalystConsensusTarget's Fair Value
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1Y
28.6%
7D
0.4%

Analysts have trimmed their price target on Gapwaves to approximately $23.50 from $27.00. This reflects a higher perceived discount rate despite slightly stronger expectations for revenue growth and profit margins, alongside a lower projected future P E multiple.

What's in the News

  • Completed a follow on rights offering of approximately SEK 7.8 million through the issuance of 5.19 million B shares at SEK 1.5 per share (company announcement)
  • Received a new order worth about SEK 2.1 million from HELLA to develop waveguide antennas for its next generation ADAS radar sensors, with delivery expected in the first quarter of 2026 (company announcement)
  • Awarded SEK 0.6 million in funding from Vinnova to advance Multi Layer Waveguide technology for next generation imaging radar in a six month project with autonomous driving leader Waymo (Vinnova)
  • Secured SEK 0.9 million in Vinnova funding to adapt and validate MLW waveguide technology for military and defence applications, under the Civil Military Innovation Programme (Vinnova)
  • Appointed interim CFO Nils Mösko as permanent CFO, formalising leadership after his interim tenure since August 2025 (company announcement)

Valuation Changes

  • The fair value estimate has been adjusted down moderately, from SEK 27.00 to SEK 23.50 per share.
  • The discount rate has risen slightly, from 5.88 percent to 6.05 percent.
  • Revenue growth expectations have increased modestly, from about 38.6 percent to 40.6 percent.
  • The net profit margin forecast has improved, from roughly 8.9 percent to 10.9 percent.
  • The future P/E multiple has been reduced significantly, from about 48.9 times to 32.8 times earnings.

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Disclaimer

AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.