Working toward the better side of the business cycle
In our view, LapWall's Q1 report can be interpreted as a slight defensive win given the challenging overall picture for the construction sector. We have not made any material changes to our near-term outlook for LapWall, but the strong start to the year and the guidance provided have lowered the risk level of the stock. We continue to expect LapWall to deliver rapid earnings growth over the construction cycle.
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 Figures29.04
2023 | 24e | 25e | |
---|---|---|---|
Revenue | 41.9 | 46.2 | 53.8 |
growth-% | -20.25 % | 10.44 % | 16.28 % |
EBIT (adj.) | 3.9 | 4.6 | 6.8 |
EBIT-% (adj.) | 9.36 % | 9.87 % | 12.63 % |
EPS (adj.) | 0.22 | 0.24 | 0.35 |
Dividend | 0.13 | 0.13 | 0.15 |
Dividend % | 4.18 % | 3.59 % | 4.14 % |
P/E (adj.) | 14.16 | 15.10 | 10.31 |
EV/EBITDA | 8.01 | 9.38 | 6.74 |