LapWall: Positive drivers may need time to mature
The overall picture of the Q3 report published yesterday by LapWall was disappointing as new orders remained low. Due to the Q3 numbers and the prolonged weak market outlook for (housing) construction, we also cut our forecasts for LapWall clearly, although we still expect the company to gain market shares in the current industry turbulence and be in a good position when the next upward cycle starts.
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 Figures31.10.2023
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 52.5 | 41.0 | 45.0 |
growth-% | 8.62 % | -21.84 % | 9.55 % |
EBIT (adj.) | 8.3 | 4.1 | 5.1 |
EBIT-% (adj.) | 15.78 % | 10.05 % | 11.30 % |
EPS (adj.) | 0.42 | 0.23 | 0.27 |
Dividend | 0.19 | 0.12 | 0.13 |
Dividend % | 5.31 % | 3.27 % | 3.54 % |
P/E (adj.) | 8.56 | 16.23 | 13.49 |
EV/EBITDA | 4.76 | 9.57 | 7.93 |