No fast way out of profitability problems
Suominen’s Q3-report appeared once again as a disappointment to us due to very weak margin performance. We argue that volume and balance sheet based valuation should give some support for the share at this stage but there is no reason to buy the share before the profitability will be on the right path.
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Suominen
2.3
2.2
Reduce
Sell
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 Figures26.10.2018
2017 | 18e | 19e | |
---|---|---|---|
Revenue | 426.0 | 427.4 | 440.0 |
growth-% | 2.19 % | 0.33 % | 2.95 % |
EBIT (adj.) | 15.0 | 9.3 | 14.9 |
EBIT-% (adj.) | 3.52 % | 2.17 % | 3.39 % |
EPS (adj.) | 0.27 | 0.05 | 0.14 |
Dividend | 0.11 | 0.02 | 0.05 |
Dividend % | 2.49 % | 0.75 % | 1.94 % |
P/E (adj.) | 16.37 | 53.64 | 18.71 |
EV/EBITDA | 9.93 | 7.72 | 6.11 |
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