Ponsse: Machines are selling but share price has rocketed
The company's outlook is good from the viewpoint of market development, Ponsse’s own market position and profitability but we feel this is already fully discounted in the current share price. The share’s valuation level is challenging with various indicators and leaves no room for disappointments.
Ponsse is an industrial company. The company is a supplier of machinery for the forest industry, such as harvesters, dual machines, cranes and aggregates. In addition to its main business, it also supplies simulators and information systems that are used for training purposes by corporate customers. The largest operations are found in the Nordic market. The company was originally founded in 1970 and has its headquarters in Vieremä.
Read more on company pageKey Estimate Figures16.05.2021
| 2020 | 21e | 22e | |
|---|---|---|---|
| Revenue | 636.6 | 796.4 | 872.2 |
| growth-% | -4.6 % | 25.1 % | 9.5 % |
| EBIT (adj.) | 57.1 | 91.3 | 101.6 |
| EBIT-% (adj.) | 9.0 % | 11.5 % | 11.6 % |
| EPS (adj.) | 1.58 | 2.52 | 2.82 |
| Dividend | 0.60 | 1.05 | 1.30 |
| Dividend % | 2.1 % | 4.5 % | 5.5 % |
| P/E (adj.) | 18.5 | 9.3 | 8.3 |
| EV/EBITDA | 9.9 | 5.4 | 4.7 |
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