A director at Atlas Copco AB bought 50,000 shares at 139.522SEK and the significance rating of the trade was 100/100. 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 clea...
Summary Wirtgen 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 Wirtgen GmbH (Wirtgen), a member of Wirtgen Group, is a provider of construction machinery. Its portfolio of products include cold milling machines, cold recyclers, soil stabilizers, binding agent spreader...
Summary Stanley Black & Decker Inc - 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 Stanley Black & Decker Inc (Stanley) is a global provider of industrial equipment. The company's primary activities involve the manufacturing, marketing, and selling of a wide range of tools,...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Atlas Copco's results were broadly in line with our expectations on a reported basis, but with stronger underlying growth. Margins remained stable. The company is planning to spin off the mining and civil engineering divisions in June, and the remaining core of the business increased revenue organically by 7%-15%, with orders outpacing revenue, leading to a book/bill ratio above 1 time, positive for growth in the next quarter. We expect to revise our forecasts and our SEK 272 fair value estimate...
Atlas Copco's results were broadly in line with our expectations on a reported basis, but with stronger underlying growth. Margins remained stable. The company is planning to spin off the mining and civil engineering divisions in June, and the remaining core of the business increased revenue organically by 7%-15%, with orders outpacing revenue, leading to a book/bill ratio above 1 time, positive for growth in the next quarter. We expect to revise our forecasts and our SEK 272 fair value estimate...
High operating leverage helped narrow-moat Atlas Copco's third-quarter results surprise on the upside on margins. Around 9% year-to-date volume growth across its portfolio of mining, tooling, and excavation equipment has expanded the company's nine-month EBIT margin by 180 basis points year over year. Nine-month sales growth matched the volume increase, as the company has not increased prices across most of its divisions since 2015. We expect to make changes to our model with an impact of no mor...
Atlas Copco recently announced the appointment of Per Lindberg to lead its spin-off company, Epiroc, which will include the infrastructure and mining businesses. We believe Lindberg's record reflects solid performance in improving underlying operations but is less impressive in delivering acquisition-related synergies. We retain our narrow moat rating but are increasing our fair value estimate to SEK 250 from SEK 230 for the local shares and to $31 from $26 for the ADRs, adjusting for a series o...
Atlas Copco's first-quarter 2017 results were largely helped by easy year-over-year comparables. First-quarter revenue grew by 11% versus the year-ago quarter, which saw a 2% decline. Volumes, not price, drove revenue growth, and so the EBIT margin remained stable at 20%. While we welcome the rebound in volumes, there are no signs yet of increasing pricing power or cost improvements to change our long-term outlook on the company. We are maintaining our narrow moat rating and our fair value estim...
Atlas Copco's first-quarter 2017 results were largely helped by easy year-over-year comparables. First-quarter revenue grew by 11% versus the year-ago quarter, which saw a 2% decline. Volumes, not price, drove revenue growth, and so the EBIT margin remained stable at 20%. While we welcome the rebound in volumes, there are no signs yet of increasing pricing power or cost improvements to change our long-term outlook on the company. We are maintaining our narrow moat rating and our fair value estim...
Atlas Copco reported fiscal 2017 results that were slightly below consensus expectations; however, the focus going forward will be on the 2018 spin-off of the mining/civil engineering business and valuation of the remaining, and more interesting, vacuum and compressor businesses. The company has not yet released full financials for the two businesses, and so we cannot make a full assessment at this point. However, volumes in these two businesses were up 3% for the fourth quarter of 2016, and wit...
Atlas Copco reported fiscal 2017 results that were slightly below consensus expectations; however, the focus going forward will be on the 2018 spin-off of the mining/civil engineering business and valuation of the remaining, and more interesting, vacuum and compressor businesses. The company has not yet released full financials for the two businesses, and so we cannot make a full assessment at this point. However, volumes in these two businesses were up 3% for the fourth quarter of 2016, and wit...
Atlas Copco reported fiscal 2017 results that were slightly below consensus expectations; however, the focus going forward will be on the 2018 spin-off of the mining/civil engineering business and valuation of the remaining, and more interesting, vacuum and compressor businesses. The company has not yet released full financials for the two businesses, and so we cannot make a full assessment at this point. However, volumes in these two businesses were up 3% for the fourth quarter of 2016, and wit...
We welcome the Atlas Copco board's decision to focus the company by spinning off the mining and civil engineering divisions. Under the current structure, management’s plate is full with the ongoing integration of the vacuum business, on the one hand, and managing the negative effects from the cyclical headwinds in mining and construction, on the other. In our view, the vacuum business has greater longer-term promise and overlap with the company’s core, and moaty, compressor business than the...
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...
Atlas Copco's third-quarter results indicate that the company is on track to meet our full-year expectations, the company continues to use its innovation to create pricing power and that while still mixed, mining related equipment weakness has troughed. Reflecting this improvement, we have increased our fair value estimate to SEK 212 per share for the local shares and USD 24 per share for the ADR, from SEK 191 and SEK 22 per share, respectively. Even with this increase the shares look signif...
We think Atlas Copco's shares are currently overvalued, with volume weakness in construction and mining equipment stunting chances for revenue growth. We are likely to lower our forecasts to reflect a disappointing first half of 2016, with volume in mining and construction down 6%-7% year over year. Group revenue was down 4% in the first half, and the company is unlikely to meet our full-year forecast for flat revenue year over year. However, we don't anticipate reducing our fair value estimate....
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