Kamux: Strong earnings growth and big investment in car inventory
Kamux’s Q1 was again extremely strong (revenue +25% and adjusted EBIT +44%) and the figures exceeded our expectations. At the end of Q1, Kamux increased its car inventories clearly from the comparison period to prepare for the seasonally lively Q2. In our view, there is still a shortage of used cars on the market so a record-high inventory and favorable pricing environment due to the shortage generate in our opinion good preconditions for a strong Q2 for Kamux.
Kamux
Kamux is active in the automotive industry. Today, the company offers sales of cars and related car services, insurance, and loan financing. The sales of the cars take place via the company's physical stores but also via the E-commerce platform. The largest business operations are held around the Nordic market. The company was founded in 2003 and is headquartered in Hämeenlinna.
Read more on company pageKey Estimate Figures13.05.2021
2020 | 21e | 22e | |
---|---|---|---|
Revenue | 724.0 | 861.5 | 1,047.0 |
growth-% | 9.96 % | 18.99 % | 21.53 % |
EBIT (adj.) | 30.7 | 34.5 | 39.1 |
EBIT-% (adj.) | 4.24 % | 4.00 % | 3.74 % |
EPS (adj.) | 0.57 | 0.64 | 0.74 |
Dividend | 0.24 | 0.25 | 0.27 |
Dividend % | 1.76 % | 10.20 % | 11.02 % |
P/E (adj.) | 23.80 | 3.80 | 3.33 |
EV/EBITDA | 13.46 | 2.30 | 2.29 |