Tomra Systems ASA

Tomra Systems is a creator of sensor-based solutions for optimal resource productivity within the business streams of reverse vending, material recovery, compaction, recycling, mining, and food. Co.'s operating structure comprises two business areas and six business streams. The TOMRA Collection Solutions businesss area consists of three business streams: reverse vending, material recovery, as well as compaction. The TOMRA Sorting Solutions, business area consists of three business streams: food, recycling, and mining.
  • TickerTOM
  • ISINNO0005668905
  • ExchangeOslo Bors
  • SectorIndustrial Engineering
  • CountryNorway
André Thormann ...
  • Martin Melbye
  • Øystein Elton Lodgaard

Talking Points - Tomra (Hold): Headwinds from North America

Lower Q2 order intake, but high backlog creates a buffer Stick to HOLD and TP of NOK 340

Daniel Vårdal Haugland ...
  • Øystein Elton Lodgaard

Tomra - Headwinds from North America

We expect EBITA of NOK 256m, 7% below consensus Lower Q2 order intake, but high backlog creates a buffer Stick to HOLD and TP of NOK 340

Ragnhild Støer

Tomra (Hold, TP: NOK350.00) - None to some Covid-19 impact

We have cut our 2020–2021e EBITA by 2–4% on the stronger NOK and a minor gross margin effect from Covid-19. We believe consensus is slightly optimistic as Tomra is challenged by lockdowns in US Collection, plus travel restrictions and less activity in Sorting. Despite the short-term headwinds, we remain positive on 2021e EBITA (7% above post-Q1 company-compiled consensus) and following a change of analyst, we reiterate our HOLD and NOK350 target price.

Håkon Astrup ...
  • Joachim Gunell
  • Jørgen Lian
  • Ole-Andreas Krohn
  • Patrik Ling
  • Ragnhild Støer

Northern Lights

Jørgen Lian

Tomra (Hold, TP: NOK350.00) - HOLD through Covid-19 headwinds

We have updated our estimates on the back of Tomra’s Q1 report, and incorporate the latest FX effects and our view on near-term Covid-19 headwinds, which are set to plague Q2 and potentially Q3. We have cut our 2020e EBITA by 10% but believe strong underlying momentum in Sorting will recoup the losses by 2021e, resulting in limited changes to our longer-term estimates. Following a change of analyst, we reiterate our HOLD and NOK350 target price.

2 directors bought/sold

Two Directors at Tomra Systems Asa bought/sold 15,500 shares at between 260.000NOK and 261.000NOK. The significance rating of the trade was 63/100. 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 l...

André Thormann ...
  • Martin Melbye
  • Øystein Elton Lodgaard

Talking Points - Tomra (Hold): Headwinds from North America

Lower Q2 order intake, but high backlog creates a buffer Stick to HOLD and TP of NOK 340

Daniel Vårdal Haugland ...
  • Øystein Elton Lodgaard

Tomra - Headwinds from North America

We expect EBITA of NOK 256m, 7% below consensus Lower Q2 order intake, but high backlog creates a buffer Stick to HOLD and TP of NOK 340

Ragnhild Støer

Tomra (Hold, TP: NOK350.00) - None to some Covid-19 impact

We have cut our 2020–2021e EBITA by 2–4% on the stronger NOK and a minor gross margin effect from Covid-19. We believe consensus is slightly optimistic as Tomra is challenged by lockdowns in US Collection, plus travel restrictions and less activity in Sorting. Despite the short-term headwinds, we remain positive on 2021e EBITA (7% above post-Q1 company-compiled consensus) and following a change of analyst, we reiterate our HOLD and NOK350 target price.

Jørgen Lian

Tomra (Hold, TP: NOK350.00) - HOLD through Covid-19 headwinds

We have updated our estimates on the back of Tomra’s Q1 report, and incorporate the latest FX effects and our view on near-term Covid-19 headwinds, which are set to plague Q2 and potentially Q3. We have cut our 2020e EBITA by 10% but believe strong underlying momentum in Sorting will recoup the losses by 2021e, resulting in limited changes to our longer-term estimates. Following a change of analyst, we reiterate our HOLD and NOK350 target price.

Casper Blom ...
  • Jannick Lindegaard Denholt
  • Mads Thinggaard
  • Olof Cederholm
  • Øystein Elton Lodgaard
  • Patrik Brattelius
  • Petter Nystrøm

Talking Points - NKT (Hold): German award paving the way for debt fix

Tomra (Hold) Post-results comment: Order backlog creates a buffer Q1 2020 was better than expected Looking to strengthen its balance sheet

Håkon Astrup ...
  • Joachim Gunell
  • Jørgen Lian
  • Ole-Andreas Krohn
  • Patrik Ling
  • Ragnhild Støer

Northern Lights

Eivind Sars Veddeng ...
  • Håkon Astrup
  • Jimi Lehtonen
  • Joachim Gunell
  • Martin Arnell
  • Nicolai Farstad Olsen
  • Nicolas McBeath
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Christoffer Wang Bjørnsen ...
  • Eivind Sars Veddeng
  • Jimi Lehtonen
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Nicolay Dyvik
  • Niklas Wetterling
  • Ole-Andreas Krohn
  • Patrik Ling

Northern Lights

Eivind Sars Veddeng ...
  • Martin Arnell
  • Ole-Andreas Krohn
  • Patrik Ling

Northern Lights

Christer Magnergård ...
  • Eivind Sars Veddeng
  • Joachim Gunell
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Arnell
  • Martin Hoang Nguyen
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

A double requalification allows TOMRA SYSTEMS ASA to improve to Slightly Positive

TOMRA SYSTEMS ASA (NO), a company active in the Industrial Machinery industry, has received a double requalification by the independent financial analyst theScreener. Its fundamental valuation is now 3 out of 4 stars while its market behaviour can be considered as defensive. theScreener believes that the gain of a star(s) and an improvement in the market risk perception allows upgrading the general evaluation to Slightly Positive. As of the analysis date February 21, 2020, the closing price was NOK 333.60 and its potential was estimated at NOK 350.28.

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)

Tomra Systems – AGM 4 May 2020

In general, Tomra Systems ("Tomra") is in compliance with the Norwegian regulations relating to the organisation and procedures of the Annual General Meeting.   Under ITEM 7 and ITEM 8, shareholders are called to approve, respectively, the remuneration guidelines (advisory vote) and the long-term incentive scheme (binding vote). Even though beneficiaries are required to invest 25% of the long-term incentive in Tomra shares, the incentive is 100% paid in cash and it depends on only one absolute performance metric (EPS). ECGS is not in favour of "cash-based" long-term incentives, and it consid...

Expert Corporate Governance Service (ECGS)

Tomra Systems - AGM 06 May 2019

In general, Tomra Systems ("Tomra") is in compliance with the Norwegian regulations relating to the organisation and procedures of the Annual General Meeting.Under ITEM 7 and ITEM 8, shareholders are called to approve, respectively, the remuneration guidelines (advisory vote) and the long-term incentive scheme (binding vote). Even though beneficiaries are required to invest 25% of the long-term incentive in Tomra shares, the incentive is 100% paid in cash and it depends on only one absolute performance metric (EPS). ECGS is not in favour of "cash-based" long-term incentives, and it considers t...

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