LapWall: No signs of a market turnaround yet
LapWall's Q4 report was slightly weaker than expected as a whole, due to lower order backlog than we predicted, the increasingly bleak outlook for residential construction, and the slight Q4 earnings miss. However, the report had a limited impact on LapWall’s overall picture, and we still expect the company to achieve significant earnings growth with its competitive advantages as the construction cycle turns. A market turnaround is unlikely this year and the outlook is still uncertain, but the stock is reasonably priced even with the poor current performance considering the company’s potential.
LapWall
LapWall operates in the building products industry and has three factories. The company manufactures wooden wall and ceiling elements in factory conditions for construction companies. The product selection includes numerous standard products that the customer receives delivered and installed. The company's market area is Finland. LapWall was founded in 2011 and its head office is located in Pyhäntä.
Read more on company pageKey Estimate Figures08.02
2023 | 24e | 25e | |
---|---|---|---|
Revenue | 41.9 | 45.2 | 53.8 |
growth-% | -20.25 % | 7.89 % | 19.03 % |
EBIT (adj.) | 3.9 | 4.7 | 6.9 |
EBIT-% (adj.) | 9.36 % | 10.51 % | 12.76 % |
EPS (adj.) | 0.22 | 0.25 | 0.37 |
Dividend | 0.13 | 0.13 | 0.15 |
Dividend % | 4.18 % | 3.54 % | 4.09 % |
P/E (adj.) | 14.16 | 14.56 | 9.83 |
EV/EBITDA | 8.26 | 7.95 | 5.21 |