Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
    • Transcripts
  • inderesTV
  • Portfolio
  • Forum
  • Q&A
  • About Us
    • Our Coverage
    • Team
Third party research

Scanfil: H1 2024 revenue growth could be negative y/y - Nordea

Scanfil

This is a third party research report and does not necessarily reflect our views or values

Download report (PDF)
Scanfil's valuation is 20% below the peer group median, but a small discount may be justified as long as earnings growth is absent. Relative profitability cannot improve much from current levels, making earnings growth more dependent on sales growth. Its long-term average annual revenue growth target is 10% (including acquisitions), although revenue growth could be close to zero for this year. For Q1, our revenue growth forecast is -3% y/y. Scanfil's long-term EBIT margin target is 7-8% and we expect the lower range of 7% to be achievable. Our fair value range for Scanfil remains EUR 8.0-9.8, based on three equally-weighted valuation approaches (DCF, EV/EBITDA and P/E). Sales growth might speed up again if the destocking effects seen in several sectors come to an end.
Find us on social media
  • Inderes Forum
  • Youtube
  • Instagram
  • Facebook
  • X (Twitter)
Get in touch
  • info@inderes.se
  • +46 8 411 43 80
  • Vattugatan 17, 5tr
    111 52 Stockholm
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.