Cargotec
53.9
EUR
+2.16 %
CGCBV
NASDAQ Helsinki
Transport & Logistics
Industrials
11,099 following
+2.16%
+8.72%
+13.12%
+14.05%
+70.54%
+109.98%
+92.12%
+195.44%
+259.49%
www.cargotec.com/en/investors
Cargotec is active in the transport and logistics industry. The company specializes in cargo handling solutions where businesses are managed via most subsidiaries, each focused on automated terminal and cargo handling solutions, maritime transport, and offshore operations. The company is active on a global level with the largest presence in the European market. The head office is located in Helsinki, Finland.
P/E (adj.) (24e)
15.87
EV/EBIT (adj.) (24e)
11.19
P/B (24e)
2.93
Dividend yield-% (24e)
3.15 %
Target price
51.00 EUR
Recommendation
Sell
Updated
24.10.2024
NASDAQ Helsinki
CGCBV
Daily low / high price
52.79 / 53.97
EUR
Market cap
3.49B EUR
Turnover
2M EUR
Volume
37K
Business risk
Valuation risk
Current
Previous
Latest research
Analyst
Erkki Vesola
Analyst
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,263.5 | 3,315.1 | 2,145.8 | 2,519.2 | 2,499.4 | 2,714.5 | 2,809.2 | 2,783.2 |
| growth-% | -11.4 % | 1.6 % | -35.3 % | 17.4 % | -0.8 % | 8.6 % | 3.5 % | -0.9 % |
| EBITDA | 214.4 | 489.2 | 167.9 | 293.8 | 329.1 | 385.3 | 399.2 | 393.9 |
| EBIT (adj.) | 203.6 | 215.6 | 174.2 | 236.7 | 305.8 | 331.4 | 340.6 | 332.9 |
| EBIT | 70.4 | 355.8 | -36.0 | 236.0 | 271.7 | 331.4 | 340.6 | 332.9 |
| Profit before taxes | 34.5 | 333.1 | -63.2 | 219.6 | 263.9 | 331.4 | 337.9 | 332.7 |
| Net income | 8.1 | 246.9 | -118.3 | 164.2 | 193.1 | 241.4 | 242.8 | 239.0 |
| EPS (adj.) | 1.68 | 2.22 | -0.04 | 2.55 | 3.40 | 3.78 | 3.80 | 3.74 |
| growth-% | -23.3 % | 32.1 % | -102.0 % | 33.4 % | 11.2 % | 0.6 % | -1.5 % | |
| Dividend | 1.08 | 1.08 | 1.35 | 2.15 | 1.70 | 1.89 | 1.90 | 1.87 |
| Dividend ratio | 858.6 % | 28.2 % | -73.5 % | 84.7 % | 56.1 % | 50.0 % | 50.0 % | 50.0 % |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 6.6 % | 14.8 % | 7.8 % | 11.7 % | 13.2 % | 14.2 % | 14.2 % | 14.2 % |
| EBIT-% (adj.) | 6.2 % | 6.5 % | 8.1 % | 9.4 % | 12.2 % | 12.2 % | 12.1 % | 12.0 % |
| EBIT-% | 2.2 % | 10.7 % | -1.7 % | 9.4 % | 10.9 % | 12.2 % | 12.1 % | 12.0 % |
| ROE | 0.6 % | 17.4 % | -7.7 % | 13.3 % | 18.3 % | 19.4 % | 17.7 % | 16.0 % |
| ROI | 2.9 % | 14.6 % | -1.4 % | 12.7 % | 18.4 % | 22.5 % | 22.4 % | 21.7 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 33.82 | 43.84 | 41.32 | 52.70 | 53.90 | 53.90 | 53.90 | 53.90 |
| Shares | 64.5 | 64.5 | 64.5 | 64.7 | 63.9 | 63.9 | 63.9 | 63.9 |
| Market cap | 2,180.8 | 2,826.9 | 2,664.4 | 3,409.7 | 3,445.5 | 3,445.5 | 3,445.5 | 3,445.5 |
| Enterprise value | 2,874.8 | 3,257.6 | 3,050.0 | 3,709.5 | 3,420.7 | 3,328.2 | 3,226.3 | 3,108.9 |
| EV/S | 0.9 | 1.0 | 1.4 | 1.5 | 1.4 | 1.2 | 1.1 | 1.1 |
| EV/EBITDA | 13.4 | 6.7 | 18.2 | 12.6 | 10.4 | 8.6 | 8.1 | 7.9 |
| EV/EBIT (adj.) | 14.1 | 15.1 | 17.5 | 15.7 | 11.2 | 10.0 | 9.5 | 9.3 |
| EV/EBIT | 40.8 | 9.2 | - | 15.7 | 12.6 | 10.0 | 9.5 | 9.3 |
| P/E (adj.) | 20.1 | 19.8 | - | 20.7 | 15.9 | 14.3 | 14.2 | 14.4 |
| P/E | 269.2 | 11.4 | - | 20.8 | 17.8 | 14.3 | 14.2 | 14.4 |
| P/B | 1.7 | 1.8 | 1.7 | 3.7 | 2.9 | 2.6 | 2.4 | 2.2 |
| P/S | 0.7 | 0.9 | 1.2 | 1.4 | 1.4 | 1.3 | 1.2 | 1.2 |
| Dividend yield | 3.2 % | 2.5 % | 3.3 % | 4.1 % | 3.2 % | 3.5 % | 3.5 % | 3.5 % |
| Equity ratio | 35.1 % | 40.6 % | 39.2 % | 43.4 % | 56.0 % | 59.0 % | 63.0 % | 68.4 % |
| Gearing ratio | 53.3 % | 27.8 % | 25.2 % | 32.0 % | -2.1 % | -8.9 % | -15.3 % | -21.7 % |
Quarter data
| Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 684.2 | 2,519.2 | 617.3 | 624.7 | 590.6 | 666.8 | 2,499.4 | 647.0 | 694.5 |
| EBITDA | 52.8 | 293.8 | 87.2 | 63.1 | 81.6 | 97.2 | 329.1 | 88.7 | 104.9 |
| EBIT | 39.0 | 236.0 | 69.8 | 51.9 | 67.1 | 82.9 | 271.7 | 75.2 | 91.4 |
| Profit before taxes | 36.2 | 219.6 | 68.3 | 51.4 | 64.2 | 80.0 | 263.9 | 75.2 | 91.4 |
| Net income | 23.5 | 164.2 | 47.0 | 30.9 | 50.6 | 64.6 | 193.1 | 54.9 | 66.7 |
ShowingAll content types
Cargotec Q3'24: Happy mood and MacGregor to be sold soon
Cargotec Oyj, Interim report January–September 2024
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