Exel Composites: Wind in the sails and order books
Exel published its Q1 report on Friday. The company's operational performance was slightly better than we expected. The key causes of joy in the report were in our opinion related to excellently developed new orders, record-high order book, and, thus, the short-term order situation that seems good. The longer-term outlook is also great, and Exel’s own competitiveness is not reprehensible either. The annual return expectation consisting of expected earnings growth and a small dividend is, in our opinion, still sufficient considering the risks.
Exel Composites
Exel Composites is a manufacturing company. The company manufactures and markets compound composites that are used in demanding industrial environments. In addition to the main business, lamination and extrusion are also performed. The largest presence is in Europe and Asia with customers in the manufacturing and aerospace industries. Exel Composites was founded in 1960 and is headquartered in Vantaa.
Read more on company pageKey Estimate Figures2021-05-01
2020 | 21e | 22e | |
---|---|---|---|
Revenue | 108.6 | 116.3 | 121.0 |
growth-% | 4.63 % | 7.11 % | 4.00 % |
EBIT (adj.) | 9.7 | 10.8 | 12.3 |
EBIT-% (adj.) | 8.94 % | 9.27 % | 10.16 % |
EPS (adj.) | 0.47 | 0.65 | 0.73 |
Dividend | 0.20 | 0.22 | 0.24 |
Dividend % | 2.71 % | 13.66 % | 14.91 % |
P/E (adj.) | 15.67 | 2.49 | 2.21 |
EV/EBITDA | 7.79 | 2.86 | 2.16 |