Loomis AB (Series B)

Loomis AB is a holding company. Through its subsidiaries, Co. provides solutions for cash handling in the U.S., majority parts of Europe and in Argentina. Co. provides cash in transit (CIT), cash management services (CMS) and solutions which integrate CIT with CMS. The CIT service transports cash to and from stores, banks and automated teller machines (ATMs). The CMS service counts, quality controls and packages bills and coins in Co.'s cash centers. Co. also provides solutions for retail outlets and for maintenance of ATMs, as well as analysis, forecasting and reporting of customers' cash flow. The services are targeted at banks, retailers, commercial enterprises and the public sector.
  • TickerLOOM B
  • ISINSE0002683557
  • ExchangeNasdaq Nordic Stockholm
  • SectorSupport Services
  • CountrySweden
Karl-Johan Bonnevier

Loomis (Buy, TP: SEK300.00) - Set for a weak Q2

With Loomis’ key markets facing lockdowns for most of Q2, we expect a weak quarterly report, despite signs of a recovery in May and June. Our revised forecasts of a longer-drawn-out normalisation post-Covid-19 and less favourable FX have led us to cut our target price to SEK300 (320). However, with strong financials and the share price in deep-value territory, we reiterate our BUY, noting Loomis has lagged peers in the recovery so far.

Karl-Johan Bonnevier ...
  • Nicolas McBeath
  • Ole-Andreas Krohn
  • Rune Majlund Dahl

Northern Lights

LOOMIS AB sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of LOOMIS AB (SE), a company active in the Business Support Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date June 2, 2020, the closing price was SEK 265.80 and its potential was estimated at SEK 295.02.

Casper Blom ...
  • Daniel Thorsson
  • Haakon Amundsen
  • Martin Melbye
  • Rickard Anderkrans
  • Tobias Kaj

Talking Points - Balder (Buy): Continues to outperform the sector

Elkem (Buy) Post-results: More than just the run-of-the-mill Good payment discipline also among hotel tenants Discount to sector despite the best growth record

Daniel Thorsson ...
  • Victor Forssell

Loomis - Delivers transparency when most needed

-25% organic growth in April should be the trough 2020e EBITA -7%, but +1% thereafter Confidence in improvements from hereon; BUY

Loomis Ab: 1 director bought

A director at Loomis Ab bought 1,000 shares at 377.000SEK and the significance rating of the trade was 52/100. 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 board me...

Karl-Johan Bonnevier

Loomis (Buy, TP: SEK300.00) - Set for a weak Q2

With Loomis’ key markets facing lockdowns for most of Q2, we expect a weak quarterly report, despite signs of a recovery in May and June. Our revised forecasts of a longer-drawn-out normalisation post-Covid-19 and less favourable FX have led us to cut our target price to SEK300 (320). However, with strong financials and the share price in deep-value territory, we reiterate our BUY, noting Loomis has lagged peers in the recovery so far.

Casper Blom ...
  • Daniel Thorsson
  • Haakon Amundsen
  • Martin Melbye
  • Rickard Anderkrans
  • Tobias Kaj

Talking Points - Balder (Buy): Continues to outperform the sector

Elkem (Buy) Post-results: More than just the run-of-the-mill Good payment discipline also among hotel tenants Discount to sector despite the best growth record

Daniel Thorsson ...
  • Victor Forssell

Loomis - Delivers transparency when most needed

-25% organic growth in April should be the trough 2020e EBITA -7%, but +1% thereafter Confidence in improvements from hereon; BUY

Karl-Johan Bonnevier

Loomis (Buy, TP: SEK320.00) - Best-in-class operating model

Loomis’ best-in-class operating model showed its strength versus peers in the early part of the Covid-19 adjustment phase, delivering strong Q1 FCF, allowing Loomis to face the Q2 challenge with solid financials. Our revised forecasts, and short valuation horizon, have led us to cut our target price to SEK320 (340), with the shares in deep-value territory, given the 2020–2022e FCF yields of 10–11%. We reiterate our BUY.

Karl-Johan Bonnevier

Loomis (Buy, TP: SEK340.00) - Essential services provider

Loomis has seen a limited impact from Covid-19 to date, but as peers expect lockdowns to hit some key client sectors hard. We see Loomis’s best-in-class operating model able to adjust to changing market conditions, while maintaining solid cash flow and financials. Our revised forecasts and shorter valuation horizon have led us to cut our target price to SEK340 (460), with the shares now in deep-value territory based on 2020–2022e FCF yields of 12–14%, and we reiterate our BUY.

Karl-Johan Bonnevier ...
  • Nicolas McBeath
  • Ole-Andreas Krohn
  • Rune Majlund Dahl

Northern Lights

Håkon Astrup ...
  • Jesper Ingildsen
  • Karl-Johan Bonnevier
  • Mattias Holmberg
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl

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 ...
  • Joachim Gunell
  • Karl-Johan Bonnevier
  • Niclas Gehin
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Alexander Aukner ...
  • Christoffer Wang Bjørnsen
  • Frank Maaø
  • Joachim Gunell
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Martin Huseby Karlsen
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl

Northern Lights

LOOMIS AB sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of LOOMIS AB (SE), a company active in the Business Support Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date June 2, 2020, the closing price was SEK 265.80 and its potential was estimated at SEK 295.02.

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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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