Suominen: Withdrawing from the share as problems are prolonged
Suominen's Q4 report, published yesterday, was a major disappointment, as the Q4 result fell short of expectations and the company also predicted the downward earnings trend to continue in 2022 due to a tough start to the year. The valuation of the share is moderate in many respects, but due to the still unclear depth of the earnings slump, the expected return does not exceed our increased required return.
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 Figures2022-02-03
2021 | 22e | 23e | |
---|---|---|---|
Revenue | 443.2 | 471.1 | 485.0 |
growth-% | -3.42 % | 6.28 % | 2.96 % |
EBIT (adj.) | 26.9 | 19.4 | 24.8 |
EBIT-% (adj.) | 6.08 % | 4.11 % | 5.11 % |
EPS (adj.) | 0.31 | 0.19 | 0.28 |
Dividend | 0.20 | 0.20 | 0.20 |
Dividend % | 3.86 % | 8.00 % | 8.00 % |
P/E (adj.) | 16.75 | 12.98 | 8.85 |
EV/EBITDA | 7.35 | 4.33 | 3.52 |