Exel Composites
0.286
EUR
-2.72 %
EXL1V
NASDAQ Helsinki
Construction & Materials
Industrials
5,536 following
-2.72%
-4.03%
-24.74%
-18.29%
-25.61%
-52.55%
-55.53%
-83.35%
-76.37%
-74.59%
investors.exelcomposites.com
Exel Composites is a manufacturing company. The company manufactures and markets compound composites that are used in demanding industrial environments. In addition to the main business, lamination and extrusion are also performed. The largest presence is in Europe and Asia with customers in the manufacturing and aerospace industries. Exel Composites was founded in 1960 and is headquartered in Vantaa.
P/E (adj.) (24e)
-31.14
EV/EBIT (adj.) (24e)
19.13
P/B (24e)
0.84
Dividend yield-% (24e)
-
Target price
0.35 EUR
Recommendation
Reduce
Updated
31.10.2024
NASDAQ Helsinki
EXL1V
Daily low / high price
0.28 / 0.294
EUR
Market cap
30.52M EUR
Turnover
21.49K EUR
Volume
75K
Business risk
Valuation risk
Current
Previous
Latest research
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 reportAnalyst
Aapeli Pursimo
Analyst
Financial calendar
Annual report
14.02.2025
General meeting
26.03.2025
Business review
08.05.2025
Interim report
14.08.2025
Business review
06.11.2025
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 108.6 | 134.4 | 137.0 | 96.8 | 99.9 | 104.4 | 125.2 | 136.5 |
| growth-% | 4.6 % | 23.7 % | 1.9 % | -29.3 % | 3.2 % | 4.4 % | 20.0 % | 9.0 % |
| EBITDA | 15.3 | 11.9 | 10.1 | 3.8 | 8.0 | 10.1 | 12.7 | 14.9 |
| EBIT (adj.) | 9.7 | 6.0 | 8.0 | -2.4 | 2.4 | 4.1 | 7.0 | 9.1 |
| EBIT | 9.4 | 3.7 | 3.0 | -4.9 | 2.1 | 4.1 | 7.0 | 9.1 |
| Profit before taxes | 7.1 | 4.2 | 3.6 | -8.3 | -1.2 | 2.4 | 5.5 | 7.6 |
| Net income | 5.4 | 1.7 | 2.3 | -9.1 | -1.3 | 1.5 | 3.6 | 5.1 |
| EPS (adj.) | 0.47 | 0.29 | 0.61 | -0.56 | -0.01 | 0.01 | 0.03 | 0.05 |
| growth-% | 38.5 % | -37.5 % | 108.7 % | -191.9 % | 143.1 % | 41.5 % | ||
| Dividend | 0.20 | 0.20 | 0.20 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Dividend ratio | 44.3 % | 143.3 % | 103.8 % | 20.9 % |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 14.1 % | 8.9 % | 7.4 % | 4.0 % | 8.0 % | 9.6 % | 10.1 % | 10.9 % |
| EBIT-% (adj.) | 8.9 % | 4.5 % | 5.9 % | -2.5 % | 2.4 % | 3.9 % | 5.6 % | 6.7 % |
| EBIT-% | 8.7 % | 2.8 % | 2.2 % | -5.0 % | 2.1 % | 3.9 % | 5.6 % | 6.7 % |
| ROE | 19.5 % | 5.6 % | 7.6 % | -38.5 % | -4.8 % | 4.0 % | 9.1 % | 11.7 % |
| ROI | 13.9 % | 4.8 % | 3.7 % | -6.9 % | 3.3 % | 6.4 % | 10.2 % | 12.3 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 7.38 | 7.10 | 5.42 | 2.54 | 0.29 | 0.29 | 0.29 | 0.29 |
| Shares | 11.9 | 11.9 | 11.9 | 11.9 | 106.7 | 106.7 | 106.7 | 106.7 |
| Market cap | 87.8 | 84.5 | 64.5 | 30.2 | 30.5 | 30.5 | 30.5 | 30.5 |
| Enterprise value | 119.0 | 121.9 | 95.6 | 63.1 | 45.2 | 46.0 | 48.0 | 46.1 |
| EV/S | 1.1 | 0.9 | 0.7 | 0.7 | 0.5 | 0.4 | 0.4 | 0.3 |
| EV/EBITDA | 7.8 | 10.2 | 9.4 | 16.4 | 5.6 | 4.6 | 3.8 | 3.1 |
| EV/EBIT (adj.) | 12.3 | 20.2 | 11.9 | - | 19.1 | 11.2 | 6.9 | 5.1 |
| EV/EBIT | 12.6 | 32.6 | 31.8 | - | 21.9 | 11.2 | 6.9 | 5.1 |
| P/E (adj.) | 15.7 | 24.1 | 8.8 | - | - | 20.5 | 8.4 | 6.0 |
| P/E | 16.4 | 50.9 | 28.1 | - | - | 20.5 | 8.4 | 6.0 |
| P/B | 3.0 | 2.8 | 2.2 | 1.7 | 0.8 | 0.8 | 0.7 | 0.7 |
| P/S | 0.8 | 0.6 | 0.5 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 |
| Dividend yield | 2.7 % | 2.8 % | 3.7 % | 3.5 % | ||||
| Equity ratio | 29.8 % | 26.5 % | 26.9 % | 20.9 % | 41.6 % | 42.0 % | 41.6 % | 43.7 % |
| Gearing ratio | 107.9 % | 119.9 % | 102.4 % | 185.7 % | 40.1 % | 40.6 % | 42.0 % | 33.4 % |
Quarter data
| Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 22.1 | 96.8 | 23.4 | 26.6 | 24.6 | 25.4 | 99.9 | 24.1 | 26.1 |
| EBITDA | -0.2 | 3.8 | 0.9 | 2.6 | 2.2 | 2.3 | 8.0 | 1.9 | 2.8 |
| EBIT | -3.7 | -4.9 | -0.6 | 1.2 | 0.6 | 0.8 | 2.1 | 0.4 | 1.3 |
| Profit before taxes | -5.7 | -8.3 | -0.6 | 0.8 | -1.8 | 0.3 | -1.2 | -0.1 | 0.9 |
| Net income | -5.6 | -9.1 | -0.5 | 0.7 | -1.7 | 0.3 | -1.3 | 0.0 | 0.6 |
ShowingAll content types
Exel Composites' financial calendar and Annual General Meeting in 2025
Exel Composites' Business Review Q1-Q3 2024: Turnaround progressing - Revenue and profitability increased significantly in the third quarter
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