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

Consti: Good progress but margin pressure ahead - Danske Bank

Consti

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

Download report (PDF)
We were impressed by Consti’s solid operative progress ahead of a more challenging
H2. In the bigger picture, we believe the final decision in the long-standing dispute is a
big step forward as it derisks the company. We see the current valuation as fair for
Consti, as it trades at 12.6x and 9.8x on on adjusted EBIT 2021E and 2022E, which is 12-
16% below Nordic constructor peers. We keep our fair valuation range at EUR12-14.
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
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.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team