Valmet: The stock is still not expensive
The overall picture in Valmet's Q4 report turned positive thanks to surprisingly strong guidance for the current year. We made slight organic upgrades to our forecasts for this year and included the acquisition of Siemens' gas chromatography business, which is expected to be completed in early Q2.
Valmet
Valmet is a technical supplier in the pulp, paper, and energy industries. Services and products offered include printing machines, spare equipment, condition testing of machines, and automation service solutions. In addition to the main business, aftermarket service and training are also offered. Businesses are conducted on a global level, with the largest domestic market in the Nordic region. The company has its headquarters in Espoo.
Read more on company pageKey Estimate Figures08.02
2023 | 24e | 25e | |
---|---|---|---|
Revenue | 5,532.0 | 5,423.5 | 5,267.2 |
growth-% | 9.03 % | -1.96 % | -2.88 % |
EBIT (adj.) | 598.0 | 593.5 | 611.0 |
EBIT-% (adj.) | 10.81 % | 10.94 % | 11.60 % |
EPS (adj.) | 2.31 | 2.19 | 2.30 |
Dividend | 1.35 | 1.40 | 1.45 |
Dividend % | 5.17 % | 6.47 % | 6.70 % |
P/E (adj.) | 11.32 | 9.89 | 9.40 |
EV/EBITDA | 8.35 | 6.63 | 6.07 |