A director at Nexam Chemical Holding AB bought 100,000 shares at 3.500SEK and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two y...
Nexam Chemical continues to deliver on our forecasts and we are gaining confidence in its profitable growth journey. Growth remained impressive in Q4 at 46%, which we believe highlights the company’s significant potential beyond its 2022 sales target, driven by a good business case for the plastic industry to increase recyclability and better use of plastic materials. The stock is selling at a 2022e EV/sales of 2.6x. We have lifted our fair value to SEK13–17 (10–14).
We find the Q3 report encouraging as the company has returned to impressive growth with 89% YOY sales growth in Performance Chemical providing confidence that the company can deliver on its 2022 sales target. EBITDA was positive for the third consecutive quarter, signalling that the company has now reached break-even volumes and we expect the gross margin contribution to drive margins higher into 2022. On its 2022 financial target, we have raised our fair value to SEK10–14 and we note that the s...
Nexam Chemical reported Q2 sales 9% below our forecast driven mainly by lower than expected growth of 34% in Performance Chemicals (our estimate: 60%). However, we note that growth has historically been volatile between quarters and we still believe the company is well positioned to deliver on its growth potential while expanding margins. We note the valuation is at a 44% discount versus our peer group. Fair value maintained at SEK8–12.
Offering a strong sustainability and economic business case, Nexam Chemical is exposed to structural growth, and has already built strong relationships with market leaders in its focus areas. We believe the runway for growth and improving margins as early as 2022 is not reflected in the valuation, with the stock trading at a 40% discount to our peer group. We initiate coverage with a fair value of SEK8–12.
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...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.