Qt Group (QTCOM FH) Finland

Technology

MYST Advisors

Undiscovered “truly special asset” poised for meaningful growth acceleration - Qt is the go-to developer framework / toolkit for building software into embedded devices (car screens, medical devices, etc.). Transitioning from an open-source model to a subscription model; the subsequent ARPU uplift is anywhere between 45-80% depending on contract duration. Additionally, its Volume-based Business is beginning to accelerate as supply chain disruptions ease (grew ~40% in 2021). Qt’s impressive 30-40% 2025 CAGRs are likely to prove VERY conservative. TP €272 (120% upside).

- 14 April, 2022