Edison Investment Research - Firstextile (FT8) Update: Exceeding guidance

Report

Edison Investment Research

Update: Exceeding guidance

Firstextileâ€™s preliminary announcement shows that the group has outperformed guidance on FY14 revenues and EBIT. With the sale of Varpum at the end of the year, Firstextile has focused its resources on its stronger and more profitable core businesses. The announcement of a share buyback programme indicates continuing financial strength. Yet the shares trade on an inexpensive 2.7x FY15e earnings.

03/03/2015 5 EN

Underlying

Firstextile

See profile

Germany

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

See profile

Other Reports on these Companies

Edison Investment Research

Update: Termination of coverage

Edison Investment Research is terminating coverage on Firstextile (FT8). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant.

March 11, 2016 March 11, 2016 1 EN

Edison Investment Research

Update: Guidance reaffirmed

At a time of heightened concerns about the Chinese economyâ€™s prospects, Firstextile has reported a decline in Q2 revenues and profitability. Unsurprisingly, the share price, already weaker after steep declines in June, has fallen further. Yet management confirms that capacity expansion is on schedule and on budget. It has reiterated its original FY15 guidance. On that basis, traditional metrics suggest the shares are inexpensive.

September 2, 2015 September 2, 2015 5 EN

Edison Investment Research

Outlook: New factory supports growth

Firstextile has built a leading position at the premium end of the Chinese yarn-dyed fabrics market. Its 2012 IPO raised the expansion capital to address capacity constraints. A new factory will commission in H2 this year, doubling capacity and enabling a period of sustained growth. The low valuation metrics appear to overlook this potential.

May 6, 2015 May 6, 2015 12 EN

Manx Financial Group - Termination of coverage

Edison Investment Research is terminating coverage on Manx Financial Group (MFX). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant. Previously published reports can still be accessed via our website.

March 10, 2025 March 10, 2025 1 EN

Kate Heseltine

Kate Heseltine

musicMagpie - Termination of coverage

Edison Investment Research is terminating coverage on musicMagpie (MMAG). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant. Previously published reports can still be accessed via our website.

March 5, 2025 March 5, 2025 1 EN

Kate Heseltine

Kate Heseltine

Topps Tiles - Accelerating growth through Q125

Topps Tiles (TPT) is enjoying a return to revenue growth following a very challenging FY24 due to wider macroeconomic weakness. The company’s recovery is clearly being boosted by new revenue streams from its self-help initiatives, notably from trade and online customers across all of its brands. While the macroeconomic environment remains uncertain, it is pleasing that the strategy is supporting growth. The valuation continues to look compelling, even with limited macroeconomic recovery included in management’s long-term financial goals. With the Q125 trading update, the CEO has announced his ...

January 10, 2025 January 10, 2025 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

Update: Exceeding guidance

Update: Termination of coverage

Update: Guidance reaffirmed

Outlook: New factory supports growth

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe