Let’s hope on behalf of Finland and Finnish investors that the business progresses brilliantly or Blackstone buys the whole outfit in a month with a massive premium 
Personally, I wouldn’t dare put my money into a company that makes fixed phone booths for dying offices (yes, an exaggeration).
When you plug in:
- Low cost of equity (relatively)
- Low WACC (relatively)
- High growth assumptions
- High profitability assumptions
You get a small upside from the DCF model to the share price
The return on capital figures say quite a lot about the forecasts.
Harvia is one of the highest quality companies on the Helsinki Stock Exchange. The forecasts suggest that Framery will easily achieve a better return on capital than, for example, Harvia 