Suominen: Clearly better things to come towards next year
Suominen's Q3 performance remained at a weak level despite good growth and was below our expectations. However, the company's problems seem to slowly start alleviating and we expect it to reach its normal performance next year. Considering this earnings level, the valuation (P/E 10x, EV/EBIT 9x) already starts looking favorable.
Suominen
2.48
3
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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 Figures2022-10-26
2021 | 22e | 23e | |
---|---|---|---|
Revenue | 443.2 | 497.9 | 527.7 |
growth-% | -3.42 % | 12.33 % | 6.00 % |
EBIT (adj.) | 26.9 | -2.2 | 21.0 |
EBIT-% (adj.) | 6.08 % | -0.45 % | 3.97 % |
EPS (adj.) | 0.31 | -0.07 | 0.24 |
Dividend | 0.20 | 0.00 | 0.10 |
Dividend % | 3.86 % | 3.91 % | |
P/E (adj.) | 16.75 | - | 10.62 |
EV/EBITDA | 7.35 | 12.42 | 4.55 |