Third party research

Scanfil: Strong prospects intact amid Middle East uncertainty - Nordea

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

Oil prices do not immediately drive Scanfil's sales volumes or EBIT margin. Logistics costs are increasing, but this is not the major concern for the company. However, component availability and overall business confidence could affect Scanfil's growth and profitability if geopolitical uncertainties persist. Nevertheless, we sill stick to our view that 2026 will be very good for Scanfil. Our fair value range remains at EUR 10.4-12.7, based on an equal weighting of three valuation methods: DCF, EV/EBITDA and P/E. Based on our estimates, Scanfil's EV/EBIT multiple for 2026E is now 2% above the peer group average.