FLSmidth & Co. A/S

FLSmidth & Co. is a supplier of equipment and services to the global cement and minerals industries with a local presence in 50 countries including project and technology centers in Denmark, India, USA and Germany. Co. supplies everything from single machinery to complete cement plants and minerals processing solutions including services before, during and after the construction. Co.'s in-house resources are primarily engineers who develop, plan, design, install and service equipment, with most of the manufacturing being outsourced to subcontractors.
  • TickerFLS
  • ISINDK0010234467
  • ExchangeNasdaq Nordic Copenhagen
  • SectorConstruction & Materials
  • CountryDenmark

Thanks to a better fundamental star rating, FLSMIDTH & CO A/S sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to FLSMIDTH & CO A/S (DK), active in the Building Materials & Fixtures industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 3 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date September 11, 2020, the closing price was DKK 198.30 and its expected value was estimated at DKK 193.26.

Alexander Aukner ...
  • Joachim Gunell
  • Jon Masdal
  • Martin Hoang Nguyen
  • Ole-Andreas Krohn
  • Tomi Railo

Northern Lights

Tomi Railo

FLSmidth (Hold, TP: DKK195.00) - Challenges remain

Post the reinstated 2020 guidance, which fell short of our estimates and consensus, we have cut our 2020–2022e EBITA by 8% on average. We reiterate our HOLD, but have cut our target price to DKK195 (200).

FLSmidth & Co AS: 2 directors bought

Two Directors at FLSmidth & Co AS bought 3,693 shares at between 185.437DKK and 187.000DKK. The significance rating of the trade was 68/100. 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 ...

FLSmidth & Co AS: 2 directors bought

Two Directors at FLSmidth & Co AS bought 3,693 shares at between 185.437DKK and 187.000DKK. The significance rating of the trade was 68/100. 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 ...

Tomi Railo

FLSmidth (Hold, TP: DKK195.00) - Challenges remain

Post the reinstated 2020 guidance, which fell short of our estimates and consensus, we have cut our 2020–2022e EBITA by 8% on average. We reiterate our HOLD, but have cut our target price to DKK195 (200).

Karl Bokvist ...
  • Olof Cederholm

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

Q2 surprised positively, adj. EBIT 44% was above expectations. On average, we left 2020-2021e EBIT unchanged, with good upgrades in Volvo, ABB, Alfa Laval. PMI’s are indicating a return to organic growth in Q4’20, we see upside to forecasts in some of the short-cycle names. The stronger SEK is a headwind and a risk to 2021e adj. EBIT of 4-7% for most companies. We continue to see attraction in mining equipment. Our key long ideas are: Sandvik, Volvo, Metso Outotec, Electrolux We are cautious on: Assa Abloy, Kone, Wärtsilä

Anders Idborg ...
  • Casper Blom
  • Jan Erik Gjerland
  • Jannick Lindegaard Denholt
  • Olof Cederholm
  • Petter Nystrøm
  • Tobias Kaj

Talking Points - Bank Norwegian (Buy): Credit card lending book still to be valued

Lundbeck (Buy) Preview: All promising journeys have challenges Q2’20e PTP NOK 826m, boosted by LLP and trading TP up to NOK 79 (64) to reflect EPS chg./credit card book

Tomi Railo

FLSmidth (Hold, TP: DKK200.00) - Mixed qualities

We have cut our 2020–2022e clean EPS by an average of c4%. Compared with the pre-announced Q2 headline figures, the full report revealed stronger than expected Mining EBITA offset by weaker than expected Cement EBITA, as well as soft H2 comments. As the investment case is mixed and the outlook uncertain, we reiterate our HOLD and DKK200 target price.

Alexander Aukner ...
  • Joachim Gunell
  • Jon Masdal
  • Martin Hoang Nguyen
  • Ole-Andreas Krohn
  • Tomi Railo

Northern Lights

Helene Kvilhaug Brøndbo ...
  • Jon Masdal
  • Jørgen Lian
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Ragnhild Støer
  • Rune Majlund Dahl
  • Simen Mortensen
  • Tomi Railo

Northern Lights

Joachim Gunell ...
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Mats Bye
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Simen Mortensen
  • Tomi Railo

Northern Lights

Christer Magnergård ...
  • Christoffer Wang Bjørnsen
  • David Martinsson
  • Håkon Astrup
  • Jimi Lehtonen
  • Karl-Johan Bonnevier
  • Mattias Holmberg
  • Niclas Gehin
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo
  • Viktor Trollsten

Northern Lights

Helene Kvilhaug Brøndbo ...
  • Jesper Ingildsen
  • Joachim Gunell
  • Jon Masdal
  • Jørgen Lian
  • Karl-Johan Bonnevier
  • Martin Huseby Karlsen
  • Mats Bye
  • Mattias Holmberg
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Paul Harper
  • Rune Majlund Dahl
  • Simen Mortensen
  • Tomi Railo
  • Viktor Trollsten

Northern Lights

Thanks to a better fundamental star rating, FLSMIDTH & CO A/S sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to FLSMIDTH & CO A/S (DK), active in the Building Materials & Fixtures industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 3 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date September 11, 2020, the closing price was DKK 198.30 and its expected value was estimated at DKK 193.26.

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 we...

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