Co. is a holding company. Through its subsidiaries, Co. is a supplier of paper and board machines, and process automation systems. Co.'s operations are divided into five segments: paper and board machinery, which makes paper, board and finishing machines; converting equipment, which supplies machinery for the packaging and printing industries; automation, which makes applications and solutions used for the measurement, control and information management of industrial processes; power transmission, which makes industrial gears and hydraulic motors, and automotive, which specializes in the production of cars.
  • TickerA1XA9J
  • ISINFI4000074984
  • ExchangeNasdaq Nordic Helsinki
  • SectorIndustrial Engineering
  • CountryFinland
Tomi Railo

Valmet (Buy, TP: EUR25.00) - Earnings quality shines

Post-Q2 we have raised our 2020–2022e clean EPS by an average of 1% (2020e up, 2021–2022e down). Q2 clean EBITA was much stronger than our estimate and consensus, and up YOY, as was H1. We expect a similar trend in H2 and therefore reiterate our BUY and EUR25 target price.

Tomi Railo

Valmet (Buy, TP: EUR25.00) - Strong orders

We have made only minor changes to our 2020–2022e EPS ahead of the Q2 report, mainly relating to orders and sales timing issues. We have raised our target price to EUR25 (23) and reiterate our BUY.

Tomi Railo

Valmet (Buy, TP: EUR23.00) - Short-term pain, long-term gain

We have lowered our 2020–2022e EPS by c3% on average, with the bigger decline in 2020e due to Covid-19 effects on Services and Automation. At the same time we highlight strong orders, which we believe offer room for a strong profit bounce later along with delivery and demand recovery. We reiterate our BUY and EUR23 target price.

Mattias Holmberg ...
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Tomi Railo

Northern Lights

Tomi Railo

Valmet (Buy, TP: EUR23.00) - Risks, but overall well-positioned

We have cut our 2020e EPS by 13% but left 2021– 2022e unchanged on average due to coronavirus-related equipment delivery, service and automation challenges, and delays to ordering decisions. We believe Valmet is in a strong position to weather the turmoil and its hard-hit shares have significant rerating potential. We reiterate our BUY recommendation with a EUR23 (27) target price.

Jon Masdal ...
  • Jørgen Lian
  • Martin Arnell
  • Martin Hoang Nguyen
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Tomi Railo

Northern Lights

Håkon Astrup ...
  • Joachim Gunell
  • Karl-Johan Bonnevier
  • Niclas Gehin
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Alexander Aukner ...
  • Christoffer Wang Bjørnsen
  • Jesper Ingildsen
  • Jimi Lehtonen
  • Joachim Gunell
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen
  • Tomi Railo

Northern Lights

Frank Maaø ...
  • Håkon Astrup
  • Helene Kvilhaug Brøndbo
  • Joachim Gunell
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Tomi Railo

Northern Lights

Eivind Sars Veddeng ...
  • Mattias Holmberg
  • Nicolas McBeath
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Rune Majlund Dahl
  • Simen Mortensen
  • Tomi Railo

Northern Lights

An increasingly favourable environment allows VALMET OYJ to improve to Neutral

The independent financial analyst theScreener just upgraded the general evaluation of VALMET OYJ (FI), a company active in the Industrial Machinery industry. As regards its fundamental valuation, the title confirms its rating of 3 out of 4 stars while its market behaviour remains as risky. theScreener believes, however, that a more enabling environment allows the title to increase its general evaluation to Neutral. As of the analysis date May 22, 2020, the closing price was EUR 22.24 and its expected value was estimated at EUR 19.98.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Valmet Corp – AGM 16 June 2020

In general, Valmet Corporation is in compliance with the Finnish regulations relating to the organization and procedures of the Annual General Meeting.   The AGM was initially called on March 19, and postponed to June 16. The Agenda remained the same, and the only change is represented by a lower number of shares to be repurchased under the authorization voted in ITEM 16 (from 6.7% to 3.3% of the share capital).   Under ITEM 8, the board of directors proposes to distribute a dividend of EUR 0.80 per shares on 2019 results. The proposed dividend distribution is equal to 59.6% of consolidate...

Expert Corporate Governance Service (ECGS)

Valmet, March 21 2019

In general, Valmet Corporation is in compliance with the Finnish regulations relating to the organization and procedures of the Annual General Meeting. Under ITEM 12, shareholders are called to appoint the members of the Board of Directors for a term of 1 year. All Directors are proposed for re-election, except for the Chairman. Concerns may arise over the aggregate time commitments of the new Chairman Mr. Mikael Mäkinen (President of the Marine Division of Rolls-Royce plc and non-executive Director of Finnlines Oyi). However, the overall composition of the Board is in line with our guideline...

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