Componenta: Over the pit onto firm ground
On Monday, Componenta issued its second profit warning for 2023 within three months. However, we did not consider the warning very dramatic and the reasons are largely non-recurring. In addition, a positive indication was given for the demand outlook for 2024. Our forecast cuts for 2024 and 2025 are minor and the stock's valuation has fallen to very attractive levels.
Componenta
Componenta is a manufacturing company. The company is a supplier of casting solutions that are also used in a number of industrial vehicles, mainly trucks and larger machines. In addition to the main business, associated engineering services are offered. Componenta operates worldwide with the largest presence around the European market. The head office is located in Vantaa.
Read more on company pageKey Estimate Figures15.01
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 109.1 | 101.0 | 107.0 |
growth-% | 25.02 % | -7.43 % | 5.96 % |
EBIT (adj.) | 1.8 | -0.6 | 2.5 |
EBIT-% (adj.) | 1.61 % | -0.61 % | 2.35 % |
EPS (adj.) | 0.03 | -0.28 | 0.10 |
Dividend | 0.00 | 0.00 | 0.05 |
Dividend % | 1.72 % | ||
P/E (adj.) | 90.55 | - | 30.43 |
EV/EBITDA | 3.89 | 6.71 | 4.02 |