Suominen's Q1 was below both expectations and the comparison period. Although the full-year guidance was repeated, the situation early in the year seems clearly weaker than expected. Thus, we cut our 2023 estimates clearly and somewhat also for the coming years. We feel the share valuation already prices a normalizing performance, which we see only in 2024. Thus, the share's expected return is weak.
Suominen
Suominen is a manufacturing company. The company manufactures and develops a wide range of napkins, hygiene products, and medical applications. The production is based on non-woven fabrics that can be used for various purposes. Customers are found in a number of industries, with the largest operations in Europe and North America. The company is headquartered in Helsinki.
Read more on company pageKey Estimate Figures04.05.2023
2022 | 23e | 24e | |
---|---|---|---|
Omsætning | 493,3 | 475,8 | 471,0 |
vækst-% | 11,30 % | -3,55 % | -1,00 % |
EBIT (adj.) | -4,2 | 8,6 | 20,7 |
EBIT-% (adj.) | -0,84 % | 1,81 % | 4,38 % |
EPS (adj.) | -0,16 | 0,07 | 0,24 |
Udbytte | 0,10 | 0,10 | 0,15 |
Udbytte % | 3,34 % | 3,72 % | 5,58 % |
P/E (adj.) | - | 39,18 | 11,11 |
EV/EBITDA | 15,83 | 9,22 | 5,60 |