Ponsse: Harvesters selling like hotcakes
In terms of order intake, Ponsse’s Q1 report was exceptionally strong, and in terms of both net sales and operational profitability in line with our expectations. The 2021 guidance was still cautious. Thanks to the strong order intake we have, however, raised our 2021-2023 net sales and result estimates clearly. The valuation is still attractive with various indicators.
Ponsse
Ponsse is an industrial company. The company is a supplier of machines for the forest industry. The company offers a number of products such as harvesters, dual machines, cranes and units. In addition to the main business, simulators and information systems used for educational purposes are also delivered to corporate customers. The largest presence is in the Nordic market. The company was originally founded in 1970 and is headquartered in Vieremä.
Read more on company pageKey Estimate Figures20.04.2021
2020 | 21e | 22e | |
---|---|---|---|
Revenue | 636.6 | 796.4 | 872.2 |
growth-% | -4.61 % | 25.10 % | 9.52 % |
EBIT (adj.) | 57.1 | 91.3 | 101.6 |
EBIT-% (adj.) | 8.98 % | 11.46 % | 11.65 % |
EPS (adj.) | 1.58 | 2.52 | 2.82 |
Dividend | 0.60 | 1.05 | 1.30 |
Dividend % | 2.05 % | 5.17 % | 6.40 % |
P/E (adj.) | 18.53 | 8.04 | 7.21 |
EV/EBITDA | 9.89 | 4.65 | 3.95 |