Detta är det bästa som investeringsvärlden kan erbjuda en investerare: Mycket omfattande och lättläst högkvalitativ analys! 
Relais’ value creation model is based on owning and developing businesses, and consolidating the vehicle aftermarket. Raw material for this, i.e. cash flow, is produced by its current businesses, which, according to our estimate, will grow in the long run roughly at the pace of economic growth. We consider the current valuation of the stock moderate, whereas the risk level of the company’s defensive business is quite reasonable in our opinion. Thus, we consider the share’s risk/reward ratio attractive, and reiterate our EUR 15.0 target price and Buy recommendation.
