Report
Martijn Den Drijver

AMG : Updating estimates after quarter end, no change to price target

>Updating estimates, WACC and EUR/USD, no impact price target - As is our practice we have updated our model at the end of 3Q22. Prices for vanadium, tantalum and graphite are lower than in the previous quarter but that is completely offset by the developments in lithium (materially higher prices for spodumene and to a lesser extent lithium carbonate and hydroxide) and better prospects in aerospace. We now forecast 2022 sales of $1.75bn, up from $1.72bn and EBITDA of ...
Underlying
AMG Advanced Metallurgical Group N.V.

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

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Martijn Den Drijver

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