FERRONORDIC AB (PUBL)

(FNM)
  Report
Delayed Nasdaq Stockholm  -  05/23 11:29:32 am EDT
41.10 SEK   -1.56%
05/20Changes in Ferronordic's Management
AQ
05/20Ferronordic AB Announces Resignation of Ceren Wende as Director of Marketing and Communication and Member of Executive Management
CI
05/12Bulletin from Ferronordic's annual general meeting (AGM) 2022
AQ
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Ferronordic AB (publ) : Close to new upside potential

12/30/2021 | 02:51am EDT
long trade
Stop-loss triggered
Entry price : 347.5SEK | Target : 400SEK | Stop-loss : 310SEK | Potential : 15.11%
Ferronordic AB (publ) is close to a major resistance level, whereby the breach of this level could be considered as a buy signal. This reflects our preferred scenario in light of the stock's current technical chart pattern.
Investors have an opportunity to buy the stock and target the SEK 400.
Ferronordic AB (publ) : Ferronordic AB (publ) : Close to new upside potential
Summary
  • The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
  • The company presents an interesting fundamental situation from a short-term investment perspective.

Strengths
  • The earnings growth currently anticipated by analysts for the coming years is particularly strong.
  • The company shows low valuation levels, with an enterprise value at 0.8 times its sales.
  • This company will be of major interest to investors in search of a high dividend stock.
  • Over the last twelve months, the sales forecast has been frequently revised upwards.
  • Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
  • For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
  • For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.
  • Over the past four months, analysts' average price target has been revised upwards significantly.
  • Considering the small differences between the analysts' various estimates, the group's business visibility is good.
  • Analysts' price targets are all relatively close, reflecting good visibility on the company's valuation.

Weaknesses
  • In relation to the value of its tangible assets, the company's valuation appears relatively high.
  • The group usually releases earnings worse than estimated.

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Financials
Sales 2022 5 118 M 514 M 514 M
Net income 2022 131 M 13,1 M 13,1 M
Net Debt 2022 40,5 M 4,07 M 4,07 M
P/E ratio 2022 4,64x
Yield 2022 2,06%
Capitalization 607 M 60,9 M 60,9 M
EV / Sales 2022 0,13x
EV / Sales 2023 0,11x
Nbr of Employees 1 804
Free-Float 47,6%
Upcoming event on FERRONORDIC AB (PUBL)
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Last Close Price 41,75 SEK
Average target price 120,00 SEK
Spread / Average Target 187%
EPS Revisions
Managers and Directors
Lars Corneliusson President, Chief Executive Officer & Director
Erik Danemar Chief Financial Officer & Head-IR
Staffan Jufors Chairman
Erik Eberhardson Independent Director
Magnus Brännström Independent Director
Sector and Competitors