Redeye initiates coverage of technology company Maven Wireless, which develops DAS solutions for wireless coverage in tunnels. Fair value, which includes both DCF and a comparative valuation, comes to SEK 5.7 per share, implying upside of 21 percent.
Redeye believes the technology is proven and highlights an EBITDA margin of 18.5 percent on revenue of SEK 238 million in 2023. The problems have instead been within distribution after two framework agreement customers stopped placing orders in 2025. New management is now rebuilding the sales organization.
According to Redeye, order intake in the second half of 2026 will be decisive for the revenue base in 2027 and the turnaround.
