AMG - Drop in lithium price continues to hurt
• Q4-23 was surprisingly strong, but mainly due to one-offs. • The painful drop in the lithium price results in another warning for 2024. We will lower our EBITDA estimates by USD 65-70m p/a for 2024/2025.• Our 2025E based SOTP now arrives at EUR 18 p/s with a target EV/EBITDA of 6x (was EUR 22 p/s). Hold maintained.AMG Advanced Metaurgical Group NV is a holding company. Through its subsidiaries Co. creates and applies metallurgical solutions to the global trend of sustainable development of natural resources and CO2 reduction. Co. operates in three business segments: the Advanced Materials segment is engaged in the production of specialty metals and alloys; the Engineering Systems segement consists of proprietary technologies for the design and engineering of vacuum furnaces and related equipment used in the production and treatment of metals and alloys; and the Graphit Kropfmuhl's segment extracts, processes and refines natural crystalline graphite
We are an investment house with Belgian roots founded on more than 150 years of trust.
As a private company owned by long-term committed shareholders, we are independent. Naturally and structurally. Our experts have the knowledge to think and act without bias, and to make decisions that benefit our clients. Today and tomorrow.
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.