Substrate AI, the Spanish artificial intelligence company listed on BME Growth, has received a buy recommendation from analysts at Checkpoint analysts. which has valued its 12-month shares at one euro per share when they are currently trading at 0.20 euros.

In the reportAnalysts value the company's strong growth through acquisitions, which, according to Checkpoint, will enable it to achieve a turnover of more than 14 million euros in 2024 and positive ebitda cash of 1.2 million euros, thus beginning to change the trend of recent years in which the company has invested in order to grow. All this with a very solvent financial position, as it presents a debt of 2.2M with 1M in cash, which comes mostly from the payment commitments registered for the creation of the company's b shares that have a preferential dividend.

The company's purchases in 2023 include the followingThe new partnership will be led by Ifit Solutions, a UK-based recruitment multinational that will lead the implementation and sale of Substrate AI's human resources-related AI developments, and Binit, a software development company with presence in Spain, UK, and Latam that will complement Substrate AI's capabilities in software development for its subsidiaries and for external consulting. In addition, the company has acquired the agritech company PS Vet and the medical services company Equipos Hospitalarios.

Substrate AI is the first artificial intelligence company listed in Spain. and operates as a holding company of companies that sell, apply and develop artificial intelligence in their sectors, with a focus on creating efficiencies that drive the economy on its path to sustainability and emission neutrality.

The companies that make up the Substrate AI portfolio develop and sell Artificial Intelligence solutions in sectors such as Healthcare, Agritech, Fintech, Human Resources, Energy and now Legaltech. It also offers consulting services for other companies wishing to implement AI solutions in their day-to-day operations.

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Read the document here: Substrate AI Report