Analysts Are Optimistic We'll See A Profit From Mintra Holding AS (OB:MNTR)

With the business potentially at an important milestone, we thought we'd take a closer look at Mintra Holding AS' (OB:MNTR) future prospects. Mintra Holding AS, through its subsidiaries, provides workforce management systems worldwide. With the latest financial year loss of kr117m and a trailing-twelve-month loss of kr110m, the kr1.5b market-cap company alleviated its loss by moving closer towards its target of breakeven. As path to profitability is the topic on Mintra Holding's investors mind, we've decided to gauge market sentiment. Below we will provide a high-level summary of the industry analysts’ expectations for the company.

Check out our latest analysis for Mintra Holding

Mintra Holding is bordering on breakeven, according to some Norwegian Software analysts. They anticipate the company to incur a final loss in 2020, before generating positive profits of kr51m in 2021. Therefore, the company is expected to breakeven roughly 12 months from now or less. We calculated the rate at which the company must grow to meet the consensus forecasts predicting breakeven within 12 months. It turns out an average annual growth rate of 77% is expected, which is extremely buoyant. Should the business grow at a slower rate, it will become profitable at a later date than expected.

Underlying developments driving Mintra Holding's growth isn’t the focus of this broad overview, however, keep in mind that typically a high growth rate is not out of the ordinary, particularly when a company is in a period of investment.

One thing we would like to bring into light with Mintra Holding is it currently has negative equity on its balance sheet. This can sometimes arise from accounting methods used to deal with accumulated losses from prior years, which are viewed as liabilities carried forward until it cancels out in the future. Oftentimes, losses exist only on paper but other times, it can be a red flag.

Next Steps:

There are too many aspects of Mintra Holding to cover in one brief article, but the key fundamentals for the company can all be found in one place – Mintra Holding's company page on Simply Wall St. We've also put together a list of essential factors you should further research:

1. Valuation: What is Mintra Holding worth today? Has the future growth potential already been factored into the price? The intrinsic value infographic in our free research report helps visualize whether Mintra Holding is currently mispriced by the market.
2. Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on Mintra Holding’s board and the CEO’s background.
3. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here.

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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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