Report
(Sponsored) Cabka - Profit growth about to come out of the box
Encouraging underlying trend in H1-24Cabka's H1 results showed encouraging underlying trends, despite headwinds from declining raw material prices and clearly weaker demand in two segments. Management confirmed its guidance for an EBITDA-margin of 13-15% (2023: 12%), with ongoing growth in the strategic segments. Buy with EUR 4.60 target priceBased on the peer group comparison (EUR 4.40) and DCF (EUR 4.80), we come to a target price of EUR 4.60. We also apply a rating to Cabka for the first time, rating it a Buy. We see the following drivers for the share price:Increasing production efficiency. In the past two years, Cabka
Underlying
CABKA N.V.
Provider
Degroof Petercam
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.
Luuk Van Beek
Other Reports on these Companies
Other Reports from Degroof Petercam
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.