Rock bottom has probably been passed
Suominen’s Q3 result was very weak, but more importantly, market comments and further details related to the guidance confirmed that demand recovery has begun. Suominen’s valuation is very moderate from all angles and thus we also find the return expectation good, given that the level of Q3 represent the rock bottom for the earnings.
Suominen
4.72
5.25
Accumulate
Accumulate
Suominen is a manufacturing company. The company manufactures and develops a wide range of napkins, hygiene products, and medical applications. The production is based on non-woven fabrics that can be used for various purposes. Customers are found in a number of industries, with the largest operations in Europe and North America. The company is headquartered in Helsinki.
Read more on company pageKey Estimate Figures28.10.2021
2020 | 21e | 22e | |
---|---|---|---|
Revenue | 458.9 | 431.7 | 474.7 |
growth-% | 11.54 % | -5.94 % | 9.98 % |
EBIT (adj.) | 39.5 | 28.3 | 30.0 |
EBIT-% (adj.) | 8.61 % | 6.55 % | 6.33 % |
EPS (adj.) | 0.52 | 0.32 | 0.33 |
Dividend | 0.20 | 0.20 | 0.22 |
Dividend % | 3.94 % | 7.81 % | 8.59 % |
P/E (adj.) | 9.69 | 8.10 | 7.75 |
EV/EBITDA | 5.49 | 3.77 | 3.26 |
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