Bufab (Hold, TP: SEK425.00) - One C-part at a time
We forecast flat organic growth in Q4, following six consecutive quarters of negative growth. We expect a gradual organic improvement in 2025–2026 and believe Bufab is well positioned to stand out in the current challenging market given its leading position. Following a change of analyst, we have made minor divisional estimate changes and increased our EBITA for 2025e by 4% and 2026e by 9%. We have increased our target price to SEK425 (415) to align with historical multiples, but reiterate our HOLD.Bufab is a trading company that offers its customers a full-service solution as a Supply Chain Partner for sourcing, quality control and logistics for C-Parts (screws, nuts, washers, etc.). Co.'s customer offering, Global Parts Productivity™, aims to enhance the productivity of the customer's C-Parts value chain, reducing their total costs related to C-Parts. Co. has a diversified customer base in several geographies and sectors within the manufacturing industry.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.