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 | |
---|---|---|---|
Omsætning | 85,9 | 90,8 | 96,6 |
vækst-% | 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 |
Udbytte | 0,21 | 0,25 | 0,27 |
Udbytte % | 3,89 % | 4,72 % | 5,09 % |
P/E (adj.) | 15,50 | 11,19 | 9,92 |
EV/EBITDA | 7,95 | 6,73 | 5,96 |