ODDO BHF Small & MIDCAP MORNING NEWS – 12/13/2024

ODDO BHF Small & MIDCAP MORNING NEWS – 13/12/2024

Krones AG : We continue to like defensive growth going into 2025

We reiterate our positive view on Krones and set our TP to € 157. We like 1/ its defensive growth profile (beverage related), 2/ its net cash balance sheet (2024e: € 405m before leases and financial assets), 3/ its high FCF yields. (7.6-10.6% for 2024-2026e). Krones is undervalued with an EV/EBIT of 8.7x, while ~11x is fair value, in our view. With this note, given a change in analyst responsibility, Krones’ coverage has been transferred and the estimates have been updated.

Zignago Vetro: 2 directors

Two Directors at Zignago Vetro sold/bought 40,147 shares at 9.470EUR. The significance rating of the trade was 64/100. 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 cle...

GBC Italian Champions english - 12.11.2024

Dear investors, For the second year in a row, we have selected 13 Italian small and mid-caps that we consider to be particularly promising as part of GBC’s “Italian Champions” study. As in the previous year, our selection is highly diversified across a range of sectors and covers a broad spectrum of market capitalisations, ranging from €32 million to €5.3 bn. Eight companies from last year's study have been included in this year's selection, leaving us with five new investment ideas. Over...

GBC Italian Champions - 12.11.2024

Liebe Investoren, im zweiten Jahr in Folge haben wir im Rahmen der hier vorliegenden Studie „GBC Italian Champions“ 13 aus unserer Sicht besonderes vielversprechende italienische Small- und Midcaps ausgewählt. Wie auch schon im letzten Jahr weist unsere Auswahl eine hohe Branchendiversifikation auf und deckt mit einer Marktkapitalisierung von 32 Mio. € bis 5,3 Mrd. € ein breites Größenspektrum auf. Acht Unternehmen der Vorjahresstudie haben es erneut in dies diesjährige Auswahl geschafft und ...

Focke & Co - Company Profile and SWOT Analysis

Summary Focke & Co - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Focke & Co (Focke) is a manufacturer of packaging machinery, equipment, and systems. The company's product offerings include hinge lid packer, carton handling, and case packing, shoulder box, soft cup packer...

Gerhard Schubert GmbH - Company Profile and SWOT Analysis

Summary Gerhard Schubert GmbH - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Gerhard Schubert GmbH (Gerhard) manufactures packaging machinery that supports flexible packaging, filling, thermoforming and closing activities. It specializes in offering top-line machine (TLM) ...

Krones AG: 1 director

A director at Krones AG bought 1,660 shares at 119.400EUR and the significance rating of the trade was 70/100. 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 sho...

ODDO BHF Small & MIDCAP MORNING NEWS - 05/07/2024 Date Performance sin...

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ODDO BHF Small & MIDCAP MORNING NEWS - 07/05/2024 Date Performance dep...

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Krones AG : Strong EBITDA growth trajectory & M&A track record, >40% d...

>Q1 review - Strong order intake momentum continued in Q1 and EBITDA margin improvement is progressing as planned (>10%) - In Q1, the order intake once again showed no signs of weakness (almost flat y-o-y) at a level of € 1,483m (against a tough base). The book-to-bill was maintained at >1.0x in Q1 2024 (as guided for FY 2024), which led to a continued surge in the order backlog to € 4,358m (+€ 236m q-o-q). Krones is still detached from any negative trends in the cap...

ODDO BHF Small & MIDCAP MORNING NEWS - 03/05/2024

Founded in 1959, Leifheit AG is one of the leading European brand suppliers of household items. The group divides its operating business into the household, wellbeing and private label segments. In view of its growing turnover (CAGR of +2.8% for 2023 to 2026e) and EBIT margins (+290bp to 5.2% in 2026e vs 2023), as well as its solid financial profile (equity ratio of about 50%, average net cash position of c. € 40m for 2024e to 2026e, average positive FCF of c. € 11m for 2024e to 2026e...

ODDO BHF Small & MIDCAP MORNING NEWS - 05/03/2024

Founded in 1959, Leifheit AG is one of the leading European brand suppliers of household items. The group divides its operating business into the household, wellbeing and private label segments. In view of its growing turnover (CAGR of +2.8% for 2023 to 2026e) and EBIT margins (+290bp to 5.2% in 2026e vs 2023), as well as its solid financial profile (equity ratio of about 50%, average net cash position of c. € 40m for 2024e to 2026e, average positive FCF of c. € 11m for 2024e to 2026e...