Cargotec
45.12 EUR -4.32%11,121 investors are following this company
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 (24e)
16.27
EV/EBIT (adj.) (24e)
12.26
P/B (24e)
2.88
Dividend yield-% (24e)
3.07 %
Target price
39.00 EUR
Recommendation
Sell
Updated
1.7.2024
NASDAQ Helsinki
CGCBV
Daily low / high price
43.4 / 45.95
EUR
Market cap
2.92B EUR
Turnover
15.28M EUR
Volume
342K
Business risk
Valuation risk
Current
Previous
Latest research
Analyst
Erkki Vesola
Analyst
Latest videos
Financial calendar
Interim report
08.08.2024
Interim report
23.10.2024
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Wipunen varainhallinta oy | 14.1 % | 23.7 % |
Mariatorp Oy (controlled by Niklas Herlin) | 12.3 % | 22.9 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Michel Van Roozendaal | 10.05.2023 | 519,252EUR |
Michel Van Roozendaal | 10.05.2023 | 21,752EUR |
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This content is for our Premium customers only.
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 3,263.5 | 3,315.1 | 2,145.8 | 2,519.2 | 2,468.7 | 2,468.5 | 2,519.4 | 2,577.3 |
growth-% | -11.4 % | 1.6 % | -35.3 % | 17.4 % | -2.0 % | -0.0 % | 2.1 % | 2.3 % |
EBITDA | 214.4 | 489.2 | 167.9 | 293.8 | 311.4 | 330.0 | 348.4 | 358.8 |
EBIT (adj.) | 203.6 | 215.6 | 174.2 | 236.7 | 251.8 | 276.2 | 293.7 | 302.4 |
EBIT | 70.4 | 355.8 | -36.0 | 236.0 | 250.3 | 276.2 | 293.7 | 302.4 |
Profit before taxes | 34.5 | 333.1 | -63.2 | 219.6 | 244.3 | 257.6 | 277.9 | 288.9 |
Net income | 8.1 | 246.9 | -118.3 | 162.4 | 177.3 | 186.5 | 201.2 | 209.2 |
EPS (adj.) | 1.68 | 2.22 | -0.04 | 2.52 | 2.77 | 2.90 | 3.13 | 3.25 |
growth-% | -23.3 % | 32.1 % | -102.0 % | 10.1 % | 4.5 % | 7.9 % | 4.0 % | |
Dividend | 1.08 | 1.08 | 1.35 | 2.15 | 1.38 | 1.45 | 1.56 | 1.62 |
Dividend ratio | 858.6 % | 28.2 % | -73.5 % | 85.6 % | 50.2 % | 49.9 % | 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 % | 12.6 % | 13.4 % | 13.8 % | 13.9 % |
EBIT-% (adj.) | 6.2 % | 6.5 % | 8.1 % | 9.4 % | 10.2 % | 11.2 % | 11.7 % | 11.7 % |
EBIT-% | 2.2 % | 10.7 % | -1.7 % | 9.4 % | 10.1 % | 11.2 % | 11.7 % | 11.7 % |
ROE | 0.6 % | 17.4 % | -7.7 % | 13.2 % | 18.3 % | 17.7 % | 17.4 % | 16.5 % |
ROI | 2.9 % | 14.6 % | -1.4 % | 12.7 % | 17.1 % | 19.5 % | 20.2 % | 19.7 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 32.56 | 42.20 | 39.78 | 50.73 | 45.12 | 45.12 | 45.12 | 45.12 |
Shares | 64.5 | 64.5 | 64.5 | 64.7 | 64.3 | 64.3 | 64.3 | 64.3 |
Market cap | 2,099.4 | 2,721.3 | 2,564.9 | 3,282.4 | 2,903.0 | 2,903.0 | 2,903.0 | 2,903.0 |
Enterprise value | 2,793.4 | 3,152.0 | 2,950.5 | 3,582.2 | 3,088.0 | 2,997.3 | 2,904.4 | 2,811.1 |
EV/S | 0.9 | 1.0 | 1.4 | 1.4 | 1.3 | 1.2 | 1.2 | 1.1 |
EV/EBITDA | 13.0 | 6.4 | 17.6 | 12.2 | 9.9 | 9.1 | 8.3 | 7.8 |
EV/EBIT (adj.) | 13.7 | 14.6 | 16.9 | 15.1 | 12.3 | 10.9 | 9.9 | 9.3 |
EV/EBIT | 39.7 | 8.9 | - | 15.2 | 12.3 | 10.9 | 9.9 | 9.3 |
P/E (adj.) | 19.4 | 19.0 | - | 20.1 | 16.3 | 15.6 | 14.4 | 13.9 |
P/E | 259.2 | 11.0 | - | 20.2 | 16.4 | 15.6 | 14.4 | 13.9 |
P/B | 1.6 | 1.8 | 1.7 | 3.5 | 2.9 | 2.6 | 2.4 | 2.2 |
P/S | 0.6 | 0.8 | 1.2 | 1.3 | 1.2 | 1.2 | 1.2 | 1.1 |
Dividend yield | 3.3 % | 2.6 % | 3.4 % | 4.2 % | 3.1 % | 3.2 % | 3.5 % | 3.6 % |
Equity ratio | 35.1 % | 40.6 % | 39.2 % | 43.4 % | 50.1 % | 54.8 % | 57.9 % | 59.7 % |
Gearing ratio | 53.3 % | 27.8 % | 25.2 % | 32.0 % | 18.3 % | 8.5 % | 0.1 % | -6.9 % |
Quarter data
Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24e | Q3/24e | Q4/24e | 2024e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 648.0 | 598.0 | 684.2 | 2,519.2 | 617.3 | 631.2 | 588.7 | 631.5 | 2,468.7 |
EBITDA | 92.7 | 92.2 | 52.8 | 293.8 | 87.2 | 77.8 | 67.4 | 78.9 | 311.4 |
EBIT | 78.6 | 76.7 | 39.0 | 236.0 | 69.7 | 63.3 | 52.9 | 64.4 | 250.3 |
Profit before taxes | 74.0 | 73.9 | 36.2 | 219.6 | 68.2 | 61.8 | 51.4 | 62.9 | 244.3 |
Net income | 54.7 | 62.2 | 21.7 | 162.4 | 47.0 | 45.7 | 38.1 | 46.6 | 177.3 |
ShowingAll content types
Positive revisions to Kalmar's 2024 guidance
The partial demerger of Cargotec has been registered – Kalmar to be listed on Nasdaq Helsinki
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