Cornerstone components with quality edge
Ringmetall’s position as a leading global packaging specialist has evolved both organically and through acquisitions, as exemplified in its 2016 results where EBITDA more than doubled, boosted by the late 2015 acquisition of Self Industries. In a challenging global macro environment with slowing Chinese growth, 2017 will be a year of more limited progress. Guidance still implies a 7.8% increase in EBITDA driven by market share gain in China, organic growth and margin expansion from internal efficiencies. The company’s valuation multiples have expanded recently, but an FY18e P/E of 14.3x represents a significant discount to its peers.Ringmetall AG is a Germany-based company engaged in the investment in medium-sized manufacturing companies located in Germany, France, the United Kingdom, the Netherlands, Slovakia, the United States and Spain. The Company is mainly specialized in the metal processing and mechanical engineering industries. In the metal processing sector, the Company operates through its wholly owned subsidiary August Berger Metallwarenfabrik GmbH, which produces clamping rings. In the mechanical engineering sector, it operates through its wholly owned subsidiary Zimmer & Kreim GmbH & Co KG, which produces handling systems and offers software solutions for metal erosion machines. Further subsidiaries include Berger Metallwarenfabrik GmbH, Berger Verwaltungs GmbH, ZK (China) Company Ltd, Self Industries Inc., and Fidum Verwaltungs GmbH, among others.
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.
.
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.