Back to the track - Accummulate
​We retain target price 4,50 euros and recommendation accumulate for Suominen. The company is executing its credible organic growth strategy for the strategy period of 2015-2017, which growing nonwoven markets support decently. Despite recent headwind, we estimate that Suominen’s earnings will stay on uphill track in the upcoming years driven especially by net sales growth and slight gross-margin expansion. Given the profit growth outlook, we consider that there is decent upside in the share price as the company trades at P/E-ratio 11x FY’16 and 10x FY’17 based on our estimates.
Inderes was founded 2009 and is a company that focuses on equity research. Our goal is to contribute to the functioning of the capital markets by acting as an information link between companies and investors. We are one of the largest equity research teams in Helsinki with the strength of 9 professionals. Inderes Equity Research is an award-winning equity research team, which is independent from banking activities. Several of our analysts are top ranked on the Bloomberg BARR-ranking and have won several Starmine rewards. Our company is majority-owned by the staff.
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.