Eleving Group announces that LHV Bank released an independent Results Review report on February 28, 2025. The report provides a comprehensive analysis of the Group’s Q4 2024 performance and raises the target share price to EUR 2.35.

LHV Bank has revised its target share price for Eleving Group to EUR 2.35 with a “Buy” indication, reflecting an upward adjustment in its growth estimates. Based on updated projections, the new target price implies a 7.1x 2025E P/E ratio, which aligns with the valuation of Eleving’s consumer finance peers, who currently trade at approximately 7x forward earnings. The valuation places Eleving Group’s fair equity value at EUR 275 million. As of March 4, Eleving Group’s share price closed at EUR 1.70, 28% below LHV’s updated target price, highlighting a strong potential upside for investors.

Following the dividend policy set at the time of the IPO, Eleving Group is set to distribute between EUR 14–15 million in dividends for 2024, equal to 50% of net profit. This translates to EUR 0.12–0.13 per share, offering an attractive dividend yield of 7.0%–7.6%. Investors can expect dividend payments in May 2025, with the H1 2025 dividend scheduled for November.

Disclaimer

The material is prepared for informational purposes only and does not constitute a recommendation to buy or sell shares. Investors are advised to make their own investment decisions based on individual circumstances or consult with financial advisors.