Componenta: Air of a defensive victory
By Erkki Vesola
Componenta’s Q3 figures were soft after the earlier profit warning, but there were also positive factors. The 2023 guidance was updated as expected. Our earnings estimates for 2024-2025 decreased with net sales, but changes in the EBITDA margin and euros are moderate. The valuation of the share remains unjustifiably low.
Componenta
2.55
3
Accumulate
Accumulate
Componenta is a manufacturing company. The company is a supplier of casting solutions that are also used in a number of industrial vehicles, mainly trucks and larger machines. In addition to the main business, associated engineering services are offered. Componenta operates worldwide with the largest presence around the European market. The head office is located in Vantaa.
Read more on company pageKey Estimate Figures05.11.2023
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 109.1 | 104.6 | 107.6 |
growth-% | 25.02 % | -4.11 % | 2.85 % |
EBIT (adj.) | 1.8 | 0.5 | 2.6 |
EBIT-% (adj.) | 1.61 % | 0.50 % | 2.38 % |
EPS (adj.) | 0.03 | -0.16 | 0.10 |
Dividend | 0.00 | 0.00 | 0.05 |
Dividend % | 2.07 % | ||
P/E (adj.) | 90.55 | - | 24.25 |
EV/EBITDA | 3.89 | 4.59 | 3.32 |
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