Orthex: Growth efforts will eventually bear fruit
The revenue of Orthex, a manufacturer of everyday consumer goods, returned to clear growth in Q4, setting the stage for further earnings growth. In our view, the company's production facilities are capable of supporting a much higher revenue load than today, which means that revenue growth has the potential to increase the already high returns on capital.
Orthex
Orthex is a Finnish manufacturer and supplier of household products. The company offers a range of products such as plastic boxes for storage, cutting boards, pots, bowls, and other accessories for the kitchen. Most of the range is accessed digitally via the company's e-commerce platform, and the products are offered via licensed resellers. The largest operations are in the Nordic market.
Read more on company pageKey Estimate Figures21.04
2023 | 24e | 25e | |
---|---|---|---|
Revenue | 85.9 | 90.8 | 96.6 |
growth-% | 2.25 % | 5.60 % | 6.39 % |
EBIT (adj.) | 10.0 | 12.3 | 13.5 |
EBIT-% (adj.) | 11.69 % | 13.58 % | 14.00 % |
EPS (adj.) | 0.35 | 0.47 | 0.53 |
Dividend | 0.21 | 0.25 | 0.27 |
Dividend % | 3.89 % | 4.83 % | 5.21 % |
P/E (adj.) | 15.50 | 10.94 | 9.70 |
EV/EBITDA | 7.95 | 6.61 | 5.84 |