Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markeder
    • Aktieoversigt
    • Finanskalender
    • Dividends Calendar
    • Research
    • Artikler
  • InderesTV
  • Forum
  • Om os
    • Fulgte selskaber
    • Team
Analyse

Anora: Cognac divestment creates clear value

Af Rauli JuvaAnalytiker
Anora Group
Download analyse (PDF)

Anora announced yesterday that it divests the cognac business for over EUR 50 million. The EBTDA of the divested operations has only been around EUR 2 million, so the multiples of the transaction are very high. Our estimates decreased only slightly, but Anora’s leverage decreases clearly with the transaction, which supports the value of the company’s share. We also believe that the transaction will bring out hidden value in Anora. We raise our target price to EUR 5.5 (was EUR 4.7) and raise our recommendation to Buy (was Accumulate).

Anora Group

4,74EUR06.09.2023, 18.00
5,50EURKursmål
Køb
Ændret fra:Akkumulér
Anbefaling opdateret:07.09.2023

Anora Group is a producer of alcoholic beverages. The product portfolio consists of wine and spirits marketed under various brands. The largest operations are found in the Nordics and the Baltics, and the company's products are exported to retailers in Europe and North America. The company was created through a merger of Altia and Arcus in 2021 and has its headquarters in Helsinki.

Read more on company page

Key Estimate Figures07.09.2023

202223e24e
Omsætning702,7746,2752,8
vækst-%5,7 %6,2 %0,9 %
EBIT (adj.)42,936,248,4
EBIT-% (adj.)6,1 %4,9 %6,4 %
EPS (adj.)0,390,170,40
Udbytte0,220,220,28
Udbytte %3,0 %6,8 %8,6 %
P/E (adj.)19,019,18,1
EV/EBITDA11,44,33,6
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Tag kontakt
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • Om os
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Servicevilkår
  • Privatlivspolitik
  • Disclaimer
Inderes’ ansvarsfraskrivelse kan findes her. Detaljeret information om hver aktie, der aktivt overvåges af Inderes og HC Andersen Capital, er tilgængelig på de virksomhedsspecifikke sider på Inderes' hjemmeside. © Inderes Oyj. All rights reserved.
  • Latest
  • Markeder
    • Aktieoversigt
    • Finanskalender
    • Dividends Calendar
    • Research
    • Artikler
  • InderesTV
  • Forum
  • Om os
    • Fulgte selskaber
    • Team