reports
- Jon Masdal
Earnings risk too high in 2018
We are in line with consensus for Q3e, and expect most focus in the report to be on the backlog and cost-cutting. Given what we believe has been a large backlog reduction, we see high earnings risk in Q4 and 2018 as we are 28% below consensus 2018e EBITDA after further cost-cutting. With the combination of a premium valuation, balance-sheet risk, and too-high consensus expectations for a recovery, we maintain our SELL recommendation and NOK13 target price.
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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