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
Anders Idborg ...
  • Erik Moberg
  • Haakon Amundsen
  • Karl Bokvist
  • Mads Thinggaard
  • Peter Kurt Nielsen
  • Tobias Kaj
  • Victor Forssell

Talking Points - FLSmidth (Hold): No longer deep value, down to HOLD

Retail: SWE food retail (sector report): slower momentum ahead Expect orders -22%, margin 3.1% (8.9%) Execution remains a question mark, down to HOLD

Anders Idborg ...
  • Karl Bokvist
  • Olof Cederholm

Sector Report - Tough Q2, but June the start of the recovery

Q2 results on 22 July at 7:00 CET Expect orders -14%, margin 7.9% (11.5%) Ambitious targets, high all-in valuation

Anders Idborg

FLSmidth - No longer deep value, down to HOLD

Q2 results on 4 August Expect orders -22%, margin 3.1% (8.9%) Execution remains a question mark, down to HOLD

Anders Idborg ...
  • Erik Moberg
  • Haakon Amundsen
  • Karl Bokvist
  • Mads Thinggaard
  • Peter Kurt Nielsen
  • Tobias Kaj
  • Victor Forssell

Talking Points - FLSmidth (Hold): No longer deep value, down to HOLD

Retail: SWE food retail (sector report): slower momentum ahead Expect orders -22%, margin 3.1% (8.9%) Execution remains a question mark, down to HOLD

Anders Idborg ...
  • Karl Bokvist
  • Olof Cederholm

Sector Report - Tough Q2, but June the start of the recovery

Q2 results on 22 July at 7:00 CET Expect orders -14%, margin 7.9% (11.5%) Ambitious targets, high all-in valuation

Anders Idborg

FLSmidth - No longer deep value, down to HOLD

Q2 results on 4 August Expect orders -22%, margin 3.1% (8.9%) Execution remains a question mark, down to HOLD

Anders Idborg ...
  • Karl Bokvist
  • Olof Cederholm

Powerpoint Sector Report - The Capital Goods Data Miner - June 2020

While China is approaching normality, Europe and North America will be grim in Q2, and the severity of the demand drop is less important than what companies can do to safeguard cash flow and the balance sheet. We advise sticking with companies with low funding risk and end-markets which are not permanently damaged. We continue to see relative attraction in mining equipment. Our key long ideas are: Sandvik, Volvo, Metso, Electrolux. We are cautious on: Cargotec, Konecranes, Wärtsilä.

Anders Idborg ...
  • Karl Bokvist
  • Olof Cederholm

Powerpoint Sector Report - The Capital Goods Data Miner - May 2020

While China is approaching normality, Europe and North America will be grim in Q2, and the severity of the demand drop is less important than what companies can do to safeguard cash flow and the balance sheet. We advise sticking with companies with low funding risk – if things normalise there will be upside also in the more stable names. Our key long ideas are: Sandvik, Volvo, Metso, Electrolux We are cautious on: Cargotec, Konecranes, Wärtsilä

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

Eivind Sars Veddeng ...
  • Håkon Astrup
  • Jimi Lehtonen
  • Karl-Johan Bonnevier
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Simen Mortensen
  • Tomi Railo

Northern Lights

Alexander Aukner ...
  • Christoffer Wang Bjørnsen
  • Eivind Sars Veddeng
  • Håkon Astrup
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Arnell
  • Martin Hoang Nguyen
  • Martin Huseby Karlsen
  • Niclas Gehin
  • Nicolay Dyvik
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Rune Majlund Dahl
  • Tomi Railo

Northern Lights

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

Alexander Aukner ...
  • Christoffer Wang Bjørnsen
  • Håkon Astrup
  • Jon Masdal
  • Marius Knudssøn
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Nicolas McBeath
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Tomi Railo

Northern Lights

An increasingly favourable environment allows FLSMIDTH & CO.'B' A/S to improve to Neutral

The independent financial analyst theScreener just upgraded the general evaluation of FLSMIDTH & CO.'B' A/S (DK), a company active in the Building Materials & Fixtures 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 DKK 176.60 and its expected value was estimated at DKK 169.39.

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...

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