Sievi Capital: Share has slipped to the bargain bin
Our estimate of the company's sum of the parts has remained unchanged and the discount relative to this has become exceptionally wide. We feel the company's risk/return ratio has become very attractive as the investor gains a significant safety margin for the purchase.
KH Group
1.36
1.8
Buy
Accumulate
Sievi Capital is now a conglomerate with a new name KH Group. Our medium-term objective is to become an industrial group built around the business of KH-Koneet Group. KH Group’s share is listed on Nasdaq Helsinki.
Read more on company pageKey Estimate Figures05.05.2022
2021 | 22e | 23e | |
---|---|---|---|
Revenue | 11.5 | 2.0 | 2.0 |
growth-% | 259.38 % | -82.61 % | |
EBIT (adj.) | 20.2 | 8.4 | 17.2 |
EBIT-% (adj.) | 175.65 % | 419.41 % | 860.00 % |
EPS (adj.) | 0.32 | 0.12 | 0.24 |
Dividend | 0.05 | 0.05 | 0.06 |
Dividend % | 2.61 % | 6.17 % | 7.41 % |
P/E (adj.) | 6.05 | 6.82 | 3.42 |
EV/EBITDA | 5.28 | 3.75 | 1.67 |
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