Alfa Laval AB

Alfa-Laval AB is a supplier of products and solutions in the technologies of heat transfer, separation and fluid handling. Co.'s equipment is used to heat, cool, separate and transport products in industries that produce food, beverages, fuel, chemicals, pharmaceuticals, starch, sugar and ethanol. They are also used aboard vessels, in power plants, in the engineering industry, for treating sludge and wastewater, for heating and cooling, and others. Co.'s products include: air heat exchangers, plate heat exchangers, shell-and-tube heat exchangers, thermal fluid systems, boilers, decanters, belt filter presses, high-speed separators, membrane filtration, pumps and valves, and tank equipment.
  • TickerALFA
  • ISINSE0000695876
  • ExchangeNasdaq Nordic Stockholm
  • SectorIndustrial Engineering
  • CountrySweden

Analysts

Increased risk weighs on ALFA LAVAL AB, penalising its rating down to Slightly Negative

The independent financial analyst theScreener just lowered the general evaluation of ALFA LAVAL AB (SE), active in the Industrial Machinery industry. As regards its fundamental valuation, the title still shows 2 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date February 25, 2020, the closing price was SEK 226.70 and its target price was estimated at SEK 211.57.

Anders Idborg ...
  • Karl Bokvist
  • Olof Cederholm

Powerpoint Sector Report - The Capital Goods Data Miner – February 2020

Q4 results were close to expectations, with continued impressive margin resilience. There were some hopeful cyclical signals in January, although the coronavirus in China has introduced new risks to a potential recovery. Valuations remain elevated and make it difficult to find value, particularly at the higher end of the quality spectrum. Our key long ideas are: Alfa Laval, Metso, Volvo We are cautious on: ABB, Dometic, Kone

Christer Magnergård ...
  • Christoffer Wang Bjørnsen
  • Jesper Ingildsen
  • Jon Masdal
  • Martin Arnell
  • Martin Hoang Nguyen
  • Mattias Holmberg
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Rune Majlund Dahl
  • Tomi Railo

Northern Lights

Mattias Holmberg

Alfa Laval (Hold, TP: SEK260.00) - Looking fairly valued

Given we are broadly in line with consensus for 2020–2021e and we see limited potential upside in the shares following the recent re-rating, we have downgraded Alfa Laval to HOLD (BUY). However, we have raised our target price to SEK260 (255) based on peer multiples and our DCF. We have trimmed our 2020–2021e adj. EBIT by c2%, and see a neutral near-/medium-term risk/reward after the Q4 report and the 2020 guidance.

Anders Idborg ...
  • Olof Cederholm

Alfa Laval - Reaping the rewards of the backlog

Strong deliveries boost Q4 results and cash flow EPS +1%; Marine to drive order recovery from Q2 Good exposure at reasonable valuation, keep BUY

Anders Idborg ...
  • Karl Bokvist
  • Olof Cederholm

Powerpoint Sector Report - The Capital Goods Data Miner – February 2020

Q4 results were close to expectations, with continued impressive margin resilience. There were some hopeful cyclical signals in January, although the coronavirus in China has introduced new risks to a potential recovery. Valuations remain elevated and make it difficult to find value, particularly at the higher end of the quality spectrum. Our key long ideas are: Alfa Laval, Metso, Volvo We are cautious on: ABB, Dometic, Kone

Mattias Holmberg

Alfa Laval (Hold, TP: SEK260.00) - Looking fairly valued

Given we are broadly in line with consensus for 2020–2021e and we see limited potential upside in the shares following the recent re-rating, we have downgraded Alfa Laval to HOLD (BUY). However, we have raised our target price to SEK260 (255) based on peer multiples and our DCF. We have trimmed our 2020–2021e adj. EBIT by c2%, and see a neutral near-/medium-term risk/reward after the Q4 report and the 2020 guidance.

Anders Idborg ...
  • Olof Cederholm

Alfa Laval - Reaping the rewards of the backlog

Strong deliveries boost Q4 results and cash flow EPS +1%; Marine to drive order recovery from Q2 Good exposure at reasonable valuation, keep BUY

Anders Idborg ...
  • Olof Cederholm

Alfa Laval - Strong delivery quarter, in-line outlook

Orders -2%, EBITA +12% on high deliveries Strong cash, outlook in line; limited estimate changes Has performed strongly, but still looks solid into 2020

Anders Idborg ...
  • Olof Cederholm

Alfa Laval - Heads-up for report

Alfa Laval will report its Q4 on Tuesday 4 February at 7.30 CET. Conference call at 8.30 CET, register at /registration/745933

Alfa Laval Ab: 1 director bought

A director at Alfa Laval Ab bought 10,000 shares at 231.000SEK and the significance rating of the trade was 51/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of boa...

Christer Magnergård ...
  • Christoffer Wang Bjørnsen
  • Jesper Ingildsen
  • Jon Masdal
  • Martin Arnell
  • Martin Hoang Nguyen
  • Mattias Holmberg
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Rune Majlund Dahl
  • Tomi Railo

Northern Lights

Mattias Holmberg ...
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Simen Mortensen

Northern Lights

Eivind Sars Veddeng ...
  • Frank Maaø
  • Håkon Astrup
  • Joachim Gunell
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Martin Hoang Nguyen
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Christer Magnergård ...
  • Jon Masdal
  • Martin Arnell
  • Martin Hoang Nguyen
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Olof Larshammar

Northern Lights

Eivind Sars Veddeng ...
  • Frank Maaø
  • Håkon Astrup
  • Joachim Gunell
  • Karl-Johan Bonnevier
  • Mattias Holmberg
  • Nicolas McBeath
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Simen Mortensen
  • Stefan Gauffin

Nothern Lights

Increased risk weighs on ALFA LAVAL AB, penalising its rating down to Slightly Negative

The independent financial analyst theScreener just lowered the general evaluation of ALFA LAVAL AB (SE), active in the Industrial Machinery industry. As regards its fundamental valuation, the title still shows 2 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date February 25, 2020, the closing price was SEK 226.70 and its target price was estimated at SEK 211.57.

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Summary Marketline's Indutrade AB Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Indutrade AB since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlight...

Expert Corporate Governance Service (ECGS)

Alfa Laval - AGM 24 April 2019

In general, Alfa Laval is in compliance with the Swedish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 14, the nomination committee seeks approval of the (re-)election of the board of directors and the statutory auditor. Although ECGS has no concerns over the (re-)election of the auditor, it does not approve of the (proposed) composition of the board of directors, in view of concerns over aggregate time commitments of no less than 4 directors. Accordingly, ECGS recommends to vote OPPOSE. Under ITEM 15, the board of directors seeks approval ...

Alfa Laval – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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