Konecranes Oyj

Konecranes reports two business areas, Service and Equipment, as its primary business segments. Co.'s Service business area provides maintenance and modernization services for all types and brands of industrial cranes, lifting equipment, and machine tools. Co.'s service offering covers inspections, preventive maintenance programs, repairs and improvements, on-call service, spare parts, modernizations, and a range of consultation services. Co.'s Equipment business area provides components, cranes, and material handling solutions for a range of customers. As its secondary segments, Co. reports three geographical areas: Europe, Middle East and Africa; Americas; and Asia-Pacific.
  • TickerKCR
  • ISINFI0009005870
  • ExchangeNasdaq Nordic Helsinki
  • SectorIndustrial Engineering
  • CountryFinland
Joachim Gunell ...
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Mats Bye
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Simen Mortensen
  • Tomi Railo

Northern Lights

Tomi Railo

Konecranes (Buy, TP: EUR28.00) - Quality at a discount

Following the Q2 results, we have raised our 2020–2022e clean EPS by c11% on average and expect even greater consensus revisions closer to our estimates. We reiterate our BUY with a new EUR28 (25) target price. We believe Konecranes offers good quality at an attractive valuation discount.

Thanks to a better fundamental star rating, KONECRANES sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to KONECRANES (FI), active in the Commercial Vehicles & Trucks industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 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 July 17, 2020, the closing price was EUR 21.78 and its expected value was estimated at EUR 20.30.

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

Tomi Railo

Konecranes (Buy, TP: EUR25.00) - Strong Q2 earnings pre-released

Konecranes today pre-released headline Q2 numbers, including substantially stronger clean EBITA than we and consensus had expected. In addition, the company guided for 2020 sales and clean EBITA margin to decrease YOY. There were no details provided ahead of the full Q2 report due on 24 July.

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Add exposure to cyclicals Our positive outlook on global equities (both the MSCI ACWI and ACWI ex-US) remains intact and we believe a “buy the dip” strategy is warranted. We recommend taking advantage of recent weakness -- where applicable -- by adding exposure to cyclical Sectors. • Actionable Sectors: Consumer Discretionary and Manufacturing. Today's recommendations focus on autos, auto parts, and machinery which span the Discretionary and Manufacturing Sectors. We initially recommended adding exposure to autos and auto parts in our 3/14/19 Int'l Compass, and we view the recent mild pullb...

Tomi Railo

Konecranes (Buy, TP: EUR28.00) - Quality at a discount

Following the Q2 results, we have raised our 2020–2022e clean EPS by c11% on average and expect even greater consensus revisions closer to our estimates. We reiterate our BUY with a new EUR28 (25) target price. We believe Konecranes offers good quality at an attractive valuation discount.

Tomi Railo

Konecranes (Buy, TP: EUR25.00) - Strong Q2 earnings pre-released

Konecranes today pre-released headline Q2 numbers, including substantially stronger clean EBITA than we and consensus had expected. In addition, the company guided for 2020 sales and clean EBITA margin to decrease YOY. There were no details provided ahead of the full Q2 report due on 24 July.

Tomi Railo

Konecranes (Buy, TP: EUR25.00) - Looking for signs of stabilisation

Ahead of the Q2 results, we have cut our 2020–2022e clean EPS by c6% on average. We expect the company to highlight relatively unchanged market conditions and we will be looking for signs of stabilisation. We reiterate our BUY and EUR25 target price.

Anders Idborg ...
  • Karl Bokvist
  • Olof Cederholm

Konecranes - Terminating coverage

ABGSC ceases coverage of Konecranes SELL is our final recommendation EUR 16 is our final target price

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.

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

Håkon Astrup ...
  • Jon Masdal
  • Martin Arnell
  • Martin Huseby Karlsen
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Christoffer Wang Bjørnsen ...
  • Joachim Gunell
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole-Andreas Krohn
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen
  • Tomi Railo

Northern Lights

Frank Maaø ...
  • Jørgen Lian
  • Martin Arnell
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Tomi Railo

Northern Lights

Thanks to a better fundamental star rating, KONECRANES sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to KONECRANES (FI), active in the Commercial Vehicles & Trucks industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 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 July 17, 2020, the closing price was EUR 21.78 and its expected value was estimated at EUR 20.30.

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)

Konecranes, March, 28 2019

In general, Konecranes is in compliance with the Finnish regulations relating to the organization and procedures of the Annual General Meeting. Under ITEM 8, the Board of Directors proposes to distribute a dividend of EUR 1.20 per share. The proposed dividend distribution (EUR 94.6 million) is fully covered by consolidated net earnings (pay-out of 96.2%), but it is not fully covered by cash generation (FCF was EUR 73.1 million in 2018). We also note that dividends were not covered by FCF in fiscal years 2017 and 2016. As Konecranes has a solid financial situation (net debt was 26.2% of market...

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