Encouraging progress in turnaround
By Inderes
Rapala raised its guidance clearly late on Tuesday evening. We expect a clear positive share price reaction today, as after the estimate revisions we made, the current valuation is extremely attractive (2021e P/E 15x).
Rapala VMC
8.44
9
Accumulate
Accumulate
Rapala VMC is active in recreational fishing. Sales of fishing equipment take place via the company's distribution network and include a number of brands. The product range consists of fishing clothes as well as associated equipment such as fishing rods, metal locks, baits and fishing knives. Operations are conducted worldwide, with the largest presence in Europe and North America. The company is headquartered in Helsinki.
Read more on company pageKey Estimate Figures21.04.2021
2020 | 21e | 22e | |
---|---|---|---|
Revenue | 261.3 | 276.1 | 287.8 |
growth-% | -5.12 % | 5.66 % | 4.24 % |
EBIT (adj.) | 21.5 | 30.4 | 31.4 |
EBIT-% (adj.) | 8.23 % | 11.01 % | 10.91 % |
EPS (adj.) | 0.31 | 0.47 | 0.50 |
Dividend | 0.00 | 0.10 | 0.15 |
Dividend % | 3.41 % | 5.12 % | |
P/E (adj.) | 14.14 | 6.26 | 5.81 |
EV/EBITDA | 9.94 | 4.30 | 4.13 |
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