The report was promising sign regarding longer term
Suominen’s Q1-report was significantly better than we expected, and company also revised its FY20 guidance upwards. Coronavirus pandemic will give some short-term tailwind but based on Q1-report, we also believe that Suominen has been able to improve its performance in commercial frontier as well as within its production sites at least in US before the pandemic’s outburst. Suominen’s cash flow valuation is cheap and we consider next 12 months risk adjusted TSR to be adequate
Suominen
Suominen is a manufacturing company. The company manufactures and develops a wide range of napkins, hygiene products, and medical applications. The production is based on non-woven fabrics that can be used for various purposes. Customers are found in a number of industries, with the largest operations in Europe and North America. The company is headquartered in Helsinki.
Read more on company pageKey Estimate Figures2020-04-24
2019 | 20e | 21e | |
---|---|---|---|
Revenue | 411.4 | 419.4 | 427.7 |
growth-% | -4.57 % | 1.93 % | 1.99 % |
EBIT (adj.) | 8.1 | 19.5 | 21.9 |
EBIT-% (adj.) | 1.98 % | 4.64 % | 5.13 % |
EPS (adj.) | 0.00 | 0.18 | 0.22 |
Dividend | 0.05 | 0.10 | 0.13 |
Dividend % | 2.16 % | 3.91 % | 5.08 % |
P/E (adj.) | 592.65 | 13.84 | 11.70 |
EV/EBITDA | 6.06 | 4.85 | 4.21 |