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Canatu

11.4

 

EUR

 

-1.72 %

CANATU

First North Finland

Hardware Manufacturer

Technology

1,458 following
-1.72%
-2.56%
-16.18%
+12.87%
+16.33%
+19.5%
-9.38%
-
+8.41%
canatu.com/investors

Canatu is a technology company active in deep technology that creates carbon nanotubes (Canatu CNT), related products and manufacturing equipment for the semiconductor, automotive and medical diagnostics industries. The company operates through two business models, firstly using their own reactors to develop and manufacture CNT products. Second, the company sells its CNT reactors and licenses its related technology, allowing customers to produce the products themselves under a limited license.

P/E (adj.) (24e)
-125.91
EV/EBIT (adj.) (24e)
-87.78
EV/S (24e)
13.24
Dividend yield-% (24e)
-
Target price
13.00 EUR
Recommendation
Accumulate
Updated
21.10.2024
First North Finland
CANATU
Daily low / high price
11.4 / 11.6 EUR
Market cap
392.01M EUR
Turnover
19.5K EUR
Volume
1.7K
Business risk
Valuation risk
Current
Previous

Latest research

Canatu: Carefully aboard the growth story
13.11.2024
Canatu Intiation of Coverage: Attractive growth story also reflected in valuation
17.09.2024

Extensive report

Inderes' extensive report is an investor's handbook on customer companies covered by our research.
The latest extensive report was released
Read the report

Analyst

Atte Riikola
Atte Riikola
Analyst

Latest videos

Canatu Capital Markets Day 2024
20.08.2024
Lifeline SPAC, Q2'24
19.07.2024
Lifeline SPAC I - Canatu - Press conference 5.7.2024
05.07.2024

Financial calendar

Annual report
28.03.2025
General meeting
15.05.2025

Income statement

20202021202220232024e2025e2026e2027e
Revenue1.55.58.413.622.730.341.381.8
growth-%37,400.0 %263.7 %53.7 %62.1 %66.8 %33.6 %36.4 %98.0 %
EBITDA-5.7-2.9-1.80.3-2.4-0.02.523.8
EBIT (adj.)-6.5-3.7-2.4-0.6-3.4-2.4-0.420.3
EBIT-6.5-3.7-2.4-0.6-3.4-3.0-1.019.7
Profit before taxes-6.8-3.9-3.0-1.3-5.0-2.3-0.420.3
Net income-6.8-3.9-3.0-1.3-4.0-1.8-0.316.2
EPS (adj.)-0.20-0.12-0.09-0.04-0.09-0.040.010.49
growth-%6,330.5 %
Dividend0.000.000.000.000.000.000.000.00
Dividend ratio

Profitability and return on capital

20202021202220232024e2025e2026e2027e
EBITDA-%-381.7 %-53.4 %-21.3 %2.0 %-10.7 %-0.0 %6.1 %29.0 %
EBIT-% (adj.)-433.4 %-67.1 %-29.1 %-4.7 %-15.1 %-7.9 %-1.0 %24.8 %
EBIT-%-433.4 %-67.1 %-29.1 %-4.7 %-15.1 %-9.8 %-2.4 %24.1 %
ROE-242.3 %-108.3 %-66.8 %-2.2 %-3.6 %-1.7 %-0.3 %14.1 %
ROI-79.2 %-25.8 %-14.3 %-0.9 %-2.9 %-2.0 %-0.3 %17.6 %

Valuation

20202021202220232024e2025e2026e2027e
Share price (EUR)13.0010.059.8011.4011.4011.4011.40
Shares34.034.034.034.034.034.034.034.0
Market cap441.5341.3332.8387.2387.2387.2387.2
Enterprise value443.4340.0234.6300.1305.2309.0297.3
EV/S-81.340.617.313.210.17.53.6
EV/EBITDA---844.0--121.912.5
EV/EBIT (adj.)-------14.7
EV/EBIT-------15.1
P/E (adj.)------1,481.123.0
P/E-------23.8
P/B-265.247.12.93.53.63.63.1
P/S-80.940.724.517.112.89.44.7
Dividend yield
Equity ratio31.4 %11.4 %29.5 %90.4 %93.7 %93.5 %92.5 %89.3 %
Gearing ratio-20.1 %113.8 %-17.7 %-86.9 %-79.8 %-76.4 %-73.1 %-72.9 %

Quarter data

Q3/23Q4/232023Q1/24Q2/24Q3/24eQ4/24e2024eQ1/25e
Revenue13.613.611.111.622.7
EBITDA0.30.30.5-2.9-2.4
EBIT-0.6-0.6-3.4-3.4
Profit before taxes-1.3-1.3-0.4-4.6-5.0
Net income-1.3-1.3-0.3-3.7-4.0
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Research by
Atte Riikola

Canatu: Carefully aboard the growth story

Canatu’s stock has fallen by about 12% since our initiation of coverage report, and there have been no significant changes in the company’s fundamentals in a good month's time. We believe Canatu is one of the most promising growth stories on the Helsinki stock exchange, and this is also still reflected in the high valuation of the share.

Canatu
Extensive research by
Atte Riikola

Canatu Intiation of Coverage: Attractive growth story also reflected in valuation

Canatu’s unique and patented production technology offers the company a competitive advantage and significant growth opportunities in markets that will mature to proper growth in coming years. The hidden growth potential in the company has also already been generously priced in the stock valuation and we believe that the risk/reward ratio favors waiting for better buying opportunities in one of the most promising growth stories on the Helsinki stock exchange.

Canatu