Cargotec
74.95 EUR -0.07%Cargotec is active in the transport and logistics industry. The company specializes in cargo handling solutions where businesses are managed via most subsidiaries, each focused on automated terminal and cargo handling solutions, maritime transport, and offshore operations. The company is active on a global level with the largest presence in the European market. The head office is located in Helsinki, Finland.
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![Erkki Vesola Erkki Vesola](https://www.inderes.se/cdn-cgi/image/format=auto,width=128,height=128,quality=90,fit=cover/https://content.inderes.se/assets/98b6b51c-856e-4386-bff3-ed9549471502.png)
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Financial calendar
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Wipunen varainhallinta oy | 14.1 % | 23.7 % |
Mariatorp Oy (controlled by Niklas Herlin) | 12.3 % | 22.9 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Michel Van Roozendaal | 10.05.2023 | 519,252EUR |
Michel Van Roozendaal | 10.05.2023 | 21,752EUR |
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Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 3,263.5 | 3,315.1 | 4,088.5 | 2,519.2 | 2,468.7 | 2,468.5 | 2,519.4 | 2,577.3 |
growth-% | -11.4 % | 1.6 % | 23.3 % | -38.4 % | -2.0 % | -0.0 % | 2.1 % | 2.3 % |
EBITDA | 214.4 | 489.2 | 310.0 | 293.8 | 311.4 | 332.6 | 350.7 | 360.7 |
EBIT (adj.) | 203.6 | 215.6 | 316.3 | 236.7 | 251.8 | 276.2 | 293.7 | 302.4 |
EBIT | 70.4 | 355.8 | 106.1 | 236.0 | 250.3 | 276.2 | 293.7 | 302.4 |
Profit before taxes | 34.5 | 333.1 | 78.9 | 219.6 | 244.3 | 263.6 | 283.2 | 294.0 |
Net income | 8.1 | 246.9 | 23.8 | 162.4 | 177.3 | 190.8 | 205.1 | 212.9 |
EPS (adj.) | 1.68 | 2.22 | 3.08 | 2.52 | 2.77 | 2.97 | 3.19 | 3.31 |
growth-% | -23.3 % | 32.1 % | 38.9 % | -18.3 % | 10.1 % | 7.0 % | 7.5 % | 3.8 % |
Dividend | 1.08 | 1.08 | 1.35 | 2.15 | 1.38 | 1.48 | 1.59 | 1.65 |
Dividend ratio | 858.6 % | 28.2 % | 365.4 % | 85.6 % | 50.2 % | 50.0 % | 50.0 % | 50.0 % |
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Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 6.6 % | 14.8 % | 7.6 % | 11.7 % | 12.6 % | 13.5 % | 13.9 % | 14.0 % |
EBIT-% (adj.) | 6.2 % | 6.5 % | 7.7 % | 9.4 % | 10.2 % | 11.2 % | 11.7 % | 11.7 % |
EBIT-% | 2.2 % | 10.7 % | 2.6 % | 9.4 % | 10.1 % | 11.2 % | 11.7 % | 11.7 % |
ROE | 0.6 % | 17.4 % | 1.5 % | 9.9 % | 11.8 % | 14.7 % | 14.6 % | 14.0 % |
ROI | 2.9 % | 14.6 % | 4.4 % | 9.9 % | 12.4 % | 17.7 % | 17.8 % | 17.3 % |
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Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 33.82 | 43.84 | 41.32 | 52.70 | 74.95 | 74.95 | 74.95 | 74.95 |
Shares | 64.5 | 64.5 | 64.5 | 64.7 | 64.3 | 64.3 | 64.3 | 64.3 |
Market cap | 2,180.8 | 2,826.9 | 2,664.4 | 3,409.7 | 4,822.3 | 4,822.3 | 4,822.3 | 4,822.3 |
Enterprise value | 2,874.8 | 3,257.6 | 3,050.0 | 3,591.7 | 4,775.9 | 4,678.2 | 4,581.3 | 4,484.4 |
EV/S | 0.9 | 1.0 | 0.7 | 1.4 | 1.9 | 1.9 | 1.8 | 1.7 |
EV/EBITDA | 13.4 | 6.7 | 9.8 | 12.2 | 15.3 | 14.1 | 13.1 | 12.4 |
EV/EBIT (adj.) | 14.1 | 15.1 | 9.6 | 15.2 | 19.0 | 16.9 | 15.6 | 14.8 |
EV/EBIT | 40.8 | 9.2 | 28.7 | 15.2 | 19.1 | 16.9 | 15.6 | 14.8 |
P/E (adj.) | 20.1 | 19.8 | 13.4 | 20.9 | 27.0 | 25.3 | 23.5 | 22.7 |
P/E | 269.2 | 11.4 | 112.0 | 21.0 | 27.2 | 25.3 | 23.5 | 22.7 |
P/B | 1.7 | 1.8 | 1.7 | 1.9 | 3.9 | 3.6 | 3.3 | 3.1 |
P/S | 0.7 | 0.9 | 0.7 | 1.4 | 2.0 | 2.0 | 1.9 | 1.9 |
Dividend yield | 3.2 % | 2.5 % | 3.3 % | 4.1 % | 1.8 % | 2.0 % | 2.1 % | 2.2 % |
Equity ratio | 35.1 % | 40.6 % | 39.2 % | 43.8 % | 59.0 % | 60.9 % | 62.4 % | 63.8 % |
Gearing ratio | 53.3 % | 27.8 % | 25.2 % | 10.4 % | -3.7 % | -10.7 % | -16.5 % | -21.5 % |
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Quarter data
Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24e | Q3/24e | Q4/24e | 2024e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 648.0 | 598.0 | 684.2 | 2,519.2 | 617.3 | 631.2 | 588.7 | 631.5 | 2,468.7 |
EBITDA | 92.7 | 92.2 | 52.8 | 293.8 | 87.2 | 77.8 | 67.4 | 78.9 | 311.4 |
EBIT | 78.6 | 76.7 | 39.0 | 236.0 | 69.7 | 63.3 | 52.9 | 64.4 | 250.3 |
Profit before taxes | 74.0 | 73.9 | 36.2 | 219.6 | 68.2 | 61.8 | 51.4 | 62.9 | 244.3 |
Net income | 54.7 | 62.2 | 21.7 | 162.4 | 47.0 | 45.7 | 38.1 | 46.6 | 177.3 |
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Cargotec updates its outlook for 2024 due to the completion of the Kalmar demerger
Cargotec has decided to complete the partial demerger of Cargotec; trading in Kalmar’s class B shares is expected to commence on 1 July 2024
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Cargotec has applied for Kalmar to be listed on Nasdaq Helsinki
Cargotec's Board of Directors organising meeting 2024
Decisions taken at Cargotec's Annual General Meeting 2024
Kalmar CMD: Waiting for independence
![Hiab Capital Markets Day, 2024](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/23a193d6-2370-4800-bb49-ea7c3c8817be.png)
Hiab Capital Markets Day, 2024
Inside information: MacGregor settles the dispute with a monopile installation vessel customer and Cargotec starts the sales process of MacGregor
Cargotec publishes new long term financial targets for Hiab business area and information on planned management for standalone Hiab
Correction: The Finnish Financial Supervisory Authority has approved the prospectus concerning the partial demerger of Cargotec and listing of Kalmar
The Finnish Financial Supervisory Authority has approved the prospectus concerning the partial demerger of Cargotec and listing of Kalmar
Cargotec: Waiting for pieces to rearrange
![Cargotec Oyj, Interim report January–March 2024](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/de340123-54da-45c0-b63f-b6cfa469d436.png)