SinterCast AB: 1 director

A director at SinterCast AB sold 2,784 shares at 108.607SEK and the significance rating of the trade was 52/100. 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 years clearly s...

Meeting expectations in a tough market

Q2 in line, but automotive uncertainty continues

Market weakness persists, but strong pipeline

2025 looks back-half loaded

Engine equivalents not back to growth yet

FX boosts Q1e margin, but hurts '25e-'27e

Strong installations to drive '25e-'27e growth

Underlying result in line, reiterates targets

Triple headwinds in Q4, but recovery in '25

Near-term headwinds, strong mid-term outlook

Better than feared, strong installation outlook

Double headwinds in H2, but strong pipeline

Strong Q2 with guidance on H2 shutdown

In-line report, guides for 3.7m EEs in '24

EEs announced, est. sales +11%, 38% margin

Q2e: 4.0m EEs, 58k SCs pre-announced, expect SEK 13m EBIT. Cut sales by ~4%, EBIT by ~6% on lower EE volume vs. our estimate. End-of-life programme in H2, estimate -10% impact, H2 EEs -2.5%.

Another decade of growth ahead

Enviable financials: 10% sales and 20% 10-year EPS CAGR. Shunned by funds, but ESG and electrification risks overblown. We forecast 8% sales and 13% EPS CAGR over coming decade.

Marks three years of y-o-y growth

Strong y-o-y growth: EEs +18%, SCs +36%, sales +22%. EBIT margin 23% (25%), ~33% adjusted for FX effects. End-of-life programme in H2 will be partly offset by others ramping.

Revaluation of hedge contracts weigh on EBIT

Q1'24 results fast comment

SinterCast - A slight bump in the revenue growth road

Growth of 18% y-o-y, but 11% miss on our estimates We reduce estimates, but maintain positive outlook FV range of SEK 110-200 per share maintained