Short term uncertainty keep us on the sideline
We have made negative estimate revision on Suominen's profit estimates after the company's latest trading update in AGM. We argue the Suominen’s valuation remain elevated on the short term and the company’s recent negative profit trend and still high estimate risks do not justify giving more weight on Suominen’s potential over longer time frame yet.
Suominen
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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 Figures06.04.2018
2017 | 18e | 19e | |
---|---|---|---|
Revenue | 426.0 | 445.7 | 474.7 |
growth-% | 2.19 % | 4.63 % | 6.50 % |
EBIT (adj.) | 15.0 | 21.5 | 28.6 |
EBIT-% (adj.) | 3.52 % | 4.83 % | 6.03 % |
EPS (adj.) | 0.27 | 0.22 | 0.31 |
Dividend | 0.11 | 0.12 | 0.13 |
Dividend % | 2.49 % | 4.60 % | 4.98 % |
P/E (adj.) | 16.37 | 11.70 | 8.30 |
EV/EBITDA | 9.93 | 5.21 | 4.21 |
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