reports
VA TECH WABAG receives a double requalification that leads to a downgr...
VA TECH WABAG (IN), a company active in the Waste & Disposal Services industry, sees its general evaluation downgraded to Neutral on account of a double requalification. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour has also deteriorated and is evaluated as moderately risky. theScreener believes that the loss of a star(s) and the increased risk justifies the general evaluation downgrade, which passes to Neut...
MOSL: VA TECH WABAG (Neutral)-Disappointing operational performance bu...
VA TECH WABAG: Disappointing operational performance but revenue visibility robust (VATW IN, Mkt Cap USD0.1b, CMP INR178, TP INR195, 10% Upside, Neutral) performance below expectations: 2QFY20 consol. sales declined 15% YoY to INR6.4b (v/s est. INR8.3b). The sales disappointment was due to key overseas projects, such as AMAS and RAPID, getting completed, whereas Europe recorded subdued performance. Consol. EBITDA was up 23% YoY to INR615m, 13% below our est. EBITDA margin stood at 9.7% (...
MOSL: VA TECH WABAG (Neutral)-Miss on all fronts, but order backlog pr...
Va Tech Wabag: Miss on all fronts, but order backlog provides strong revenue visibility (VATW IN, Mkt Cap USD0.2b, CMP INR300, TP INR331, 10% Upside, Neutral) performance below expectations: Consol. sales declined 35% YoY to INR6.8b (below our expectation of INR13.8b) in 4QFY19. Standalone sales were down 19% YoY to INR4.4b, while subsidiary sales fell 52% YoY to INR2.4b. The decline can be attributed to multiple projects reaching a near-completion stage and the lack of a meaningful pi...
MOSL: VA TECH WABAG (Neutral)-Performance below expectations on all fr...
Va Tech Wabag: Performance below expectations on all fronts (VATW IN, Mkt Cap USD0.2b, CMP INR274, TP INR300, 10% Upside, Neutral) Operational performance below estimate: Consol. sales declined 24% YoY to INR6.6b (below our expectation of INR9.5b). Standalone sales declined 2% YoY to INR4.5b, while subsidiary sales declined 48% YoY to INR2.1b. The revenue decline was on account of multiple projects reaching near-completion stage, while new projects are yet to pick up meaningfully. Consol....
MOSL: VA TECH WABAG (Buy)-Exceeds expectations led by strong show by s...
Va Tech Wabag: Exceeds expectations led by strong show by subs; guidance maintained (VATW IN, Mkt Cap USD0.3b, CMP INR378, TP INR450, 18% Upside, Buy) Beat estimates on strong show by overseas subsidiaries: sales grew 3% YoY to INR6.9b (in-line). Standalone sales declined 4% YoY to INR3.4b, while subsidiary sales grew 11% YoY to INR3.5b. Consol. EBITDA rose 59% YoY to INR646m, with the margin of 9.4% (+330bp YoY) above our estimate of 7% due to a sharp jump in profitability of subsidiarie...
MOSL VA TECH WABAG: Operating performance below expectations; misses g...
Va Tech Wabag: Operating performance below expectations; misses guidance on all fronts (VATW IN, Mkt Cap USD0.4b, CMP INR452, TP INR575, 27% Upside, Buy) Results below expectations: sales declined 8% YoY to INR10.4b, below our estimate of INR14.3b. Revenue was impacted by weak execution of projects domestically. Domestic sales were hurt by GST implementation. Standalone sales declined 24% YoY to INR5.3b, while subsidiary sales grew 18% YoY to INR5b. Consol. EBITDA fell 28% YoY to INR0.95b...
MOSL: VA TECH WABAG (Buy)-Operating performance below expectations
Va Tech Wabag: Operating performance below expectations; orders disappoint (VATW IN, Mkt Cap USD0.5b, CMP INR562, TP INR700, 24% Upside, Buy) A miss on estimates: sales grew 20% YoY to INR8.7b, below our estimate of INR9.3b. Revenue growth was supported by a pick-up in execution of key orders like Petronas (Malaysia), Polghawela (Sri Lanka), Koyambedu (Chennai), AP Genco and AMAS (Bahrain). Standalone sales rose 21% YoY to INR4.6b, while subsidiary sales grew 20% YoY to INR4b. Consol. EBI...
MOSL: VA TECH WABAG (Buy)-Operating performance broadly in-line
​Va Tech Wabag: Operating performance broadly in-line(VATW IN, Mkt Cap USD0.5b, CMP INR583, TP INR745, 28% Upside, Buy)Results in-line at operating level: Consol. sales grew 14% YoY to INR8.9b, below our estimate of INR9.7b. Revenue growth was supported by a pick-up in execution of key orders like Petronas, Polgawela and AMAS (Bahrain). Standalone sales rose 12% YoY to INR5.1b, while subsidiary sales grew 17% YoY to INR3.8b. Consol. EBITDA grew 41% YoY to INR0.8b, with the margin of 9.3% (+181...
MOSL: VA TECH WABAG (Buy)-Operating performance above expectations
​Va Tech Wabag: Operating performance above expectations(vatw IN, Mkt Cap USD0.5b, CMP INR611, TP INR800, 31% Upside, Buy)Result above estimates at operating level: Consol. sales grew 15% YoY to INR6.7b, in line with our estimate of INR6.6b, led by pick-up in execution of key orders like Petronas, Polgawela and AMAS (Bahrain). Standalone sales rose 36% YoY to INR3.5b, while subsidiary sales were muted at INR3.1b. Consol. EBITDA grew 52% YoY to INR0.4b, with the margin of 6.3% (+152bp YoY) abov...
MOSL: VA TECH WABAG (Buy)-Operating performance in-line-plans to raise...
​Va Tech Wabag: Operating performance in-line; plans to raise funds to meet equity requirement in upcoming Namami Gange projects(VATW IN, Mkt Cap USD0.5b, CMP INR663, TP INR800, 20% Upside, Buy)4QFY17 results in line with estimates at operating level: Consolidated sales grew 33% YoY to INR11.3b, in line with our estimate of INR11.1b. The strong revenue growth can be ascribed to pick-up in execution of key orders like Petronas, Polgawela, Amas and Bahrain projects. Standalone sales rose 28% YoY...
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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