Suominen: Earnings turnaround already priced in the share
Suominen’s Q3 result improved from the comparison period and especially from the weak level earlier in the year but fell short of our forecasts. Guidance of improving adjusted EBITDA in the full year was reiterated. We lowered our forecasts again, but believe that the company will achieve the guidance. However, we feel that the share is already pricing a much better future, some type of normal earnings level, which we only expect the company to achieve in 2025.
Suominen
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 Figures27.10.2023
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 493.3 | 449.9 | 449.9 |
growth-% | 11.30 % | -8.79 % | |
EBIT (adj.) | -4.2 | -1.8 | 13.3 |
EBIT-% (adj.) | -0.84 % | -0.39 % | 2.95 % |
EPS (adj.) | -0.16 | -0.11 | 0.13 |
Dividend | 0.10 | 0.05 | 0.08 |
Dividend % | 3.34 % | 1.92 % | 3.07 % |
P/E (adj.) | - | - | 19.91 |
EV/EBITDA | 15.83 | 16.98 | 7.10 |