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ABGSC Capital Goods Research ... (+2)
  • ABGSC Capital Goods Research
  • Stefan Knutsson

The recovery continues

Optimism running high after another solid quarter. Positive long-term revisions, '26e EBIT up 1%. We raise our fair value range slightly.

ABGSC Capital Goods Research ... (+2)
  • ABGSC Capital Goods Research
  • Stefan Knutsson

Addmaster continues its resurgence

On the right track after a challenging 2023. Positive revisions, >10% EBIT margins looks achievable. We raise our fair value range to reflect estimate revisions.

Stefan Knutsson
  • Stefan Knutsson

Polygiene Group - Q2 weakness worsens in Q3

Cautious distributors cause large sales miss Re-setting expectations, still generating FCF Company says Q4 has started strong

Polygiene AB: 2 directors

Two Directors at Polygiene AB bought 21,381 shares at between 10.490SEK and 10.760SEK. The significance rating of the trade was 67/100. 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 l...

Johan Brown ... (+2)
  • Johan Brown
  • Stefan Knutsson

Polygiene Group - Promising signs for H2 with orders picking up

Q2 still faced operational headwinds Revisions from lower organic growth assumption Fair value range of SEK 21-34 (22-35)

Johan Brown ... (+2)
  • Johan Brown
  • Stefan Knutsson

Polygiene - External factors continue to be problematic

Q1 performance OK given the circumstances Resetting growth expectations Comforting words on use of silver

Johan Brown ... (+2)
  • Johan Brown
  • Stefan Knutsson

Polygiene - Article in Sydsvenskan sends share down 42%

Svenskt Vatten calls the company a scam… …we think it is too drastic The silver debate has been ongoing for over 20 years

Johan Brown ... (+2)
  • Johan Brown
  • Stefan Knutsson

Polygiene - Some concerns going into Q2e

Direct and indirect effects from the war in Ukraine COVID lockdowns in Asia also a worry We lower estimates for ‘22e

Johan Brown ... (+2)
  • Johan Brown
  • Stefan Knutsson

Polygiene - Temporary headwinds hit Q4

Delayed orders caused lower sales growth Negative revisions from Q4 headwinds New fair value range of SEK 35-55 (39-59)

Johan Brown ... (+2)
  • Johan Brown
  • Stefan Knutsson

Polygiene - Several headwinds hit Q4

Polymer shortage and supply chain issues Mgmt. sees a stepwise improvement in 2022 Despite challenges, adj. EBIT margin of 15.4% (0.9%)

Johan Brown ... (+2)
  • Johan Brown
  • Stefan Knutsson

Polygiene - Aims for SEK 1bn in net sales 2026

New financial targets for ’22-’26 Completes acquisition of SteriTouch New fair value range of SEK 39-59 (31-49)

Johan Brown ... (+2)
  • Johan Brown
  • Stefan Knutsson

Polygiene - Impressive profitability in Q3

Q3: Sales growth of 129% y-o-y (31% organic) Higher EBIT margins offset sales revisions DCF valuation range of SEK 31-49 (27-45)

Johan Brown ... (+2)
  • Johan Brown
  • Stefan Knutsson

Polygiene - The positive momentum continues

Mgmt. indicates that Q3 has started well Revisions from ongoing issues with freight costs A new business plan to be communicated in Q4

Johan Brown ... (+2)
  • Johan Brown
  • Stefan Knutsson

Polygiene - Sales momentum continues in Q2

Q2 sales of SEK 46.7m (17.3m), +169% y-o-y EBIT of SEK 10.1m (-1.1m), 21.6% EBIT margin Pressure on the gross margin due to several reasons

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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