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Name	2019	2020	2021e	12m FWD	2022e
DPS			0.00	0.00	0.00
EBIT	32.97m	22.77m	78.36m	79.71m	96.66m
EBITA	36.44m	26.84m
EBITDA	40.44m	31.66m	97.34m	98.90m	118.37m
EPS	0.48	0.40	1.08	1.10	1.34
EV	2.36b	3.13b	2.76b	2.76b	2.69b
EV/EBITDA	58.30	98.78	28.36	27.87	22.76
FCF (Levered)	22.06m	29.22m	61.75m	62.79m	75.85m
NET Debt	-70.15m	-47.96m	-134.13m	-139.49m	-206.63m
P/BOOK	3.17	4.35	5.21	5.29	6.27
P/E	97.28	191.51	72.02	70.76	58.04
Payout Ratio
ROA	11.03%	4.88%	9.56%	9.72%	11.72%
ROE	20.36%	10.63%	19.11%	18.87%	15.85%
Revenue	287.93m	350.95m	420.39m	427.47m	516.05m

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Name	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q1e	2021 Q2e	2021 Q3e	2021 Q4e	2022 Q1e
DPS					0.00	0.00	0.00	0.00	0.00
EBIT	-11.46m	14.14m	21.90m	11.65m	15.37m	18.83m	19.56m	20.63m	22.23m
EBITA	-11.46m	15.27m	25.97m	12.82m
EBITDA	-6.84m	19.02m	22.05m	16.99m	19.59m	23.64m	25.22m	24.94m	27.62m
EPS	-0.26	0.27	0.38	0.12	0.22	0.26	0.27	0.29	0.30
EV	2.75b	3.25b	3.13b	3.42b
EV/EBITDA	-401.33	171.02	141.84	201.41
FCF (Levered)	6.43m	6.48m	10.12m	15.15m	6.48m	6.40m	11.10m	11.80m	17.40m
NET Debt	-28.58m	-36.58m		-18.37m
P/BOOK	3.58	3.86		4.56
P/E	-185.78	232.69	200.08	649.74	353.55	299.15	288.07	268.21	259.27
Payout Ratio
ROA	-9.56%	10.73%	5.56%	7.80%
ROE	-29.65%	29.37%	11.00%	11.06%
Revenue	85.90m	92.23m	182.70m	95.12m	93.71m	103.34m	109.52m	112.65m	118.00m