Scanfil: The year started in high gear
The overall picture of the Q1 report published by Scanfil yesterday was slightly positive, as the company achieved a very strong start in the current year. We only made marginal but positive estimate changes for the coming years after the report. We feel the short-term valuation of the share is rather neutral (2023:e P/E 14x, EV/EBIT 11x), although in the longer term, we feel Scanfil still offers a strong, profitable growth investment story.
Scanfil
Scanfil is an international electronics contract manufacturer specializing in industrial and B2B customers. Its service offering includes manufacturing of end-products and components such as PCBs. Manufacturing services are the core of the company supported by design, supply chain, and modernization services. It operates globally in Europe, the Americas, and Asia. Customers are mainly companies operating in process automation, energy efficiency, green transition, and medical segments.
Read more on company pageKey Estimate Figures26.04.2023
2022 | 23e | 24e | |
---|---|---|---|
Omsætning | 843,8 | 909,6 | 900,0 |
vækst-% | 21,29 % | 7,80 % | -1,06 % |
EBIT (adj.) | 45,4 | 61,1 | 61,5 |
EBIT-% (adj.) | 5,38 % | 6,72 % | 6,83 % |
EPS (adj.) | 0,54 | 0,71 | 0,72 |
Udbytte | 0,21 | 0,23 | 0,25 |
Udbytte % | 3,19 % | 3,09 % | 3,36 % |
P/E (adj.) | 12,11 | 10,53 | 10,31 |
EV/EBITDA | 8,10 | 6,63 | 6,05 |