Kalmar
27 EUR +2.27%694 investors are following this company
Kalmar operates in freight handling for ports, terminals, distribution centers and heavy industry. The company develops various solutions, and provides, among other things, border tractors, terminal tractors, reach stackers, empty container handlers and forklifts. Kalmar is a spin-off of the Cargotec group. The company has its headquarters in Helsinki.
P/E (24e)
11.17
EV/EBIT (adj.) (24e)
8.91
P/B (24e)
2.82
Dividend yield-% (24e)
3.7 %
Target price
36.00 EUR
Recommendation
Buy
Updated
1.7.2024
NASDAQ Helsinki
KALMAR
Daily low / high price
26.91 / 28.98
EUR
Market cap
1.74B EUR
Turnover
25.01M EUR
Volume
911K
Business risk
Valuation risk
Current
Previous
Latest research
Extensive report
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Read the reportAnalyst
Erkki Vesola
Analyst
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 1,529.1 | 1,512.2 | 1,942.8 | 2,049.6 | 1,741.6 | 1,818.5 | 1,949.3 | 2,108.3 |
growth-% | -11.3 % | -1.1 % | 28.5 % | 5.5 % | -15.0 % | 4.4 % | 7.2 % | 8.2 % |
EBITDA | 165.3 | 373.7 | 170.6 | 297.3 | 223.3 | 278.6 | 313.2 | 353.1 |
EBIT (adj.) | 154.5 | 79.5 | 118.3 | 254.7 | 203.5 | 224.1 | 254.7 | 289.3 |
EBIT | 21.3 | 320.8 | 118.3 | 240.2 | 166.8 | 224.1 | 254.7 | 289.3 |
Profit before taxes | -14.6 | 319.0 | 117.5 | 241.5 | 168.1 | 211.5 | 244.3 | 280.7 |
Net income | -41.0 | 261.5 | 92.6 | 193.8 | 126.1 | 162.8 | 188.1 | 216.2 |
EPS (adj.) | 0.92 | 0.31 | 1.44 | 3.17 | 2.42 | 2.53 | 2.92 | 3.36 |
growth-% | -9.2 % | -65.9 % | 358.4 % | 121.1 % | -23.9 % | 4.7 % | 15.5 % | 14.9 % |
Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 1.30 | 1.45 | 1.70 |
Dividend ratio | 50.9 % | 51.3 % | 49.5 % | 50.5 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 10.8 % | 24.7 % | 8.8 % | 14.5 % | 12.8 % | 15.3 % | 16.1 % | 16.7 % |
EBIT-% (adj.) | 10.1 % | 5.3 % | 6.1 % | 12.4 % | 11.7 % | 12.3 % | 13.1 % | 13.7 % |
EBIT-% | 1.4 % | 21.2 % | 6.1 % | 11.7 % | 9.6 % | 12.3 % | 13.1 % | 13.7 % |
ROE | 67.4 % | 11.4 % | 23.2 % | 17.6 % | 24.5 % | 24.5 % | 24.6 % | |
ROI | 66.4 % | 12.3 % | 23.2 % | 16.4 % | 23.0 % | 25.4 % | 27.2 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 27.00 | 27.00 | 27.00 | 27.00 | ||||
Shares | 64.5 | 64.5 | 64.5 | 64.7 | 64.3 | 64.3 | 64.3 | 64.3 |
Market cap | 1,736.8 | 1,736.8 | 1,736.8 | 1,736.8 | ||||
Enterprise value | 1,812.3 | 1,735.1 | 1,664.8 | 1,580.2 | ||||
EV/S | - | - | - | - | 1.0 | 1.0 | 0.9 | 0.7 |
EV/EBITDA | - | - | - | - | 8.1 | 6.2 | 5.3 | 4.5 |
EV/EBIT (adj.) | - | - | - | - | 8.9 | 7.7 | 6.5 | 5.5 |
EV/EBIT | - | - | - | - | 10.9 | 7.7 | 6.5 | 5.5 |
P/E (adj.) | - | - | - | - | 11.2 | 10.7 | 9.2 | 8.0 |
P/E | - | - | - | - | 13.8 | 10.7 | 9.2 | 8.0 |
P/B | - | - | - | - | 2.8 | 2.4 | 2.1 | 1.8 |
P/S | - | - | - | - | 1.0 | 1.0 | 0.9 | 0.8 |
Dividend yield | 3.7 % | 4.8 % | 5.4 % | 6.3 % | ||||
Equity ratio | 44.1 % | 44.8 % | 44.3 % | 36.7 % | 41.6 % | 45.6 % | 48.9 % | |
Gearing ratio | -11.5 % | -22.1 % | -14.4 % | 12.3 % | -0.2 % | -8.8 % | -16.6 % |
Quarter data
Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24e | Q3/24e | Q4/24e | 2024e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 551.7 | 503.0 | 509.6 | 2,049.6 | 439.1 | 424.3 | 437.9 | 440.3 | 1,741.6 |
EBITDA | 85.9 | 73.6 | 68.0 | 297.3 | 61.2 | 41.1 | 58.1 | 62.8 | 223.3 |
EBIT | 71.6 | 59.4 | 53.3 | 240.2 | 45.8 | 27.4 | 44.4 | 49.1 | 166.8 |
Profit before taxes | 71.9 | 59.9 | 54.1 | 241.5 | 47.7 | 27.2 | 44.3 | 48.9 | 168.1 |
Net income | 58.1 | 48.4 | 42.5 | 193.8 | 33.4 | 20.9 | 34.1 | 37.7 | 126.1 |
ShowingAll content types
Kalmar Corporation, Managers’ Transactions: Keskinen, Arto
Kalmar Corporation, Managers’ Transactions: Kemppi-Vasama, Teresa
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