Several methods suggest patience despite the setback
Suominen’s Q2 result was better than we expected but due to the profit warning issued one day before the report the situation has clearly moved to the negative. We do not find the share valuation to be high despite estimate cuts. In addition, 4 % dividend yield encourages to look behind temporarily challenges.
Suominen
5.27
5.6
Accumulate
Accumulate
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 Figures2021-08-15
2020 | 21e | 22e | |
---|---|---|---|
Revenue | 458.9 | 425.1 | 459.0 |
growth-% | 11.54 % | -7.37 % | 7.98 % |
EBIT (adj.) | 39.5 | 32.5 | 31.3 |
EBIT-% (adj.) | 8.61 % | 7.64 % | 6.82 % |
EPS (adj.) | 0.52 | 0.37 | 0.35 |
Dividend | 0.20 | 0.20 | 0.22 |
Dividend % | 3.94 % | 7.81 % | 8.59 % |
P/E (adj.) | 9.69 | 6.85 | 7.38 |
EV/EBITDA | 5.49 | 3.45 | 3.14 |