Risk Intelligence (”Risk” or the ”Company”) produces and sells advisory services, research reports and software products within international risk analysis for shipping routes. Risk’s primary business activity is their software products, enabling clients to receive a threat analysis at sea, ports and on land. The Company’s new software product, LandRisk, combined with a strong demand for reliable safety systems, is expected to result in an increasing ARPU with a CAGR between 2020-2023 of 35,5%. The LandRisk product, a more lucrative product mix and a historical low churn of 1% is expected to enable Risk to reach break-even in 2023. By applying a target multiple of 4.0x EV/S with a revenue in 2021 of 21.7 MDKK results in a valuation within six months of 8.2 DKK.
This analysis is an independent analysis. This means Analyst Group has not received payment for doing the analysis. The Principal, Risk Intelligence (furthermore ”the Company”) has had no opportunity to influence the parts where Analyst Group has had opinions about the Company's future valuation or anything that could constitute an objective assessment.