Our equity research has two areas of focus – fundamental research and technical research – both aimed at private individuals, foundations and companies.
Equity research is produced by our strategic partner Kepler Cheuvreux, which has a presence throughout Europe and whose goal is to produce the largest selection of company research in the Nordic region. Kepler Cheuvreux has also become a specialist in sustainability research which, combined with CDP Europe’s “Climetrics company ranking” method, is also well in line with Swedbank’s ambition of becoming the leading bank in this area.
Kepler Cheuvreux’s fundamental research is based on in-depth company- and industry research in which public information such as interim reports, capital markets days, etc. in combination with common valuation methods such as cashflow (DCF), comparisons of valuation multiples, and dividend discount models (DDM) create opportunities for analysts to establish an understanding of a company’s motivated value.
Based on this research, a recommendation and motivated value on a 12-month horizon are set. The recommendations are updated when deemed necessary due to earnings releases, market developments and other relevant information that may influence the analyst’s outlook and view.