Kempower: Strong earnings development raised share price enough
By Pauli Lohi
The Q2 report brought limited new information to the preliminary information given on July 18. Despite our strong earnings growth estimates, we no longer see significant upside in the share valuation. We lower our recommendation to Reduce (previous Accumulate), with an unchanged target price of EUR 43.
Kempower
42.84
43
Reduce
Accumulate
Kempower is active in the industrial sector. The company is a developer of charging solutions and services with a focus on the automotive sector. The range mainly includes charging posts, stations, sockets, and associated electronic equipment. In addition to the main business, various aftermarket services and technical support are offered. The largest operations are in the Nordic countries and Europe.
Read more on company pageKey Estimate Figures2023-07-25
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 103.6 | 295.3 | 457.7 |
growth-% | 278.10 % | 185.00 % | 55.00 % |
EBIT (adj.) | 6.7 | 39.2 | 65.0 |
EBIT-% (adj.) | 6.47 % | 13.28 % | 14.19 % |
EPS (adj.) | 0.07 | 0.56 | 0.90 |
Dividend | 0.00 | 0.00 | 0.00 |
Dividend % | |||
P/E (adj.) | 283.31 | 39.09 | 24.44 |
EV/EBITDA | 117.92 | 26.07 | 14.68 |
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