Buy Or Sell Opportunity • Aug 19
Now 20% undervalued Over the last 90 days, the stock has risen 64% to €8.24. The fair value is estimated to be €10.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 92%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings are also forecast to by 0 per annum over the same time period. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €8.06, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Machinery industry in Finland. Total returns to shareholders of 181% over the past three years. New Risk • Jul 28
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (20% accrual ratio). Minor Risk Market cap is less than US$100m (€64.0m market cap, or US$72.9m). Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €5.94, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Machinery industry in Finland. Total returns to shareholders of 106% over the past three years. New Risk • May 24
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (€48.5m market cap, or US$56.3m). Price Target Changed • May 11
Price target increased by 17% to €5.50 Up from €4.70, the current price target is provided by 1 analyst. New target price is 12% above last closing price of €4.89. Stock is up 25% over the past year. The company is forecast to post earnings per share of €0.41 for next year compared to €0.83 last year. New Risk • May 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.5% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (€45.0m market cap, or US$52.6m). New Risk • Mar 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 8.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 8.1% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (€44.8m market cap, or US$52.0m). Reported Earnings • Mar 08
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: €0.83 (up from €0.021 in FY 2024). Revenue: €116.3m (up 20% from FY 2024). Net income: €8.04m (up €7.84m from FY 2024). Profit margin: 6.9% (up from 0.2% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 1.3%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Machinery industry in Finland. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Mar 04
Consensus EPS estimates increase by 271% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from €0.21 to €0.78. Revenue forecast unchanged at €113.0m. Net income forecast to grow 6.5% next year vs 8.5% growth forecast for Machinery industry in Finland. Consensus price target of €4.70 unchanged from last update. Share price fell 2.6% to €4.52 over the past week. Major Estimate Revision • Oct 28
Consensus EPS estimates increase by 27% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from €0.11 to €0.14. Revenue forecast steady at €114.6m. Net income forecast to shrink 30% next year vs 19% growth forecast for Machinery industry in Finland . Consensus price target of €4.30 unchanged from last update. Share price was steady at €4.14 over the past week. Tillkännagivande • Sep 25
Componenta Corporation, Annual General Meeting, Apr 14, 2026 Componenta Corporation, Annual General Meeting, Apr 14, 2026. Reported Earnings • Jul 25
First half 2025 earnings: EPS and revenues exceed analyst expectations First half 2025 results: EPS: €0.13 (up from €0.20 loss in 1H 2024). Revenue: €59.7m (up 19% from 1H 2024). Net income: €1.28m (up €3.27m from 1H 2024). Profit margin: 2.1% (up from net loss in 1H 2024). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 60%. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Finland. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Price Target Changed • May 12
Price target increased by 15% to €3.80 Up from €3.30, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of €3.92. Stock is up 62% over the past year. The company is forecast to post earnings per share of €0.10 for next year compared to €0.021 last year. New Risk • May 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Finnish stocks, typically moving 9.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (0.2% net profit margin). Market cap is less than US$100m (€37.2m market cap, or US$42.3m). Major Estimate Revision • May 06
Consensus EPS estimates fall by 100% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €116.0m to €112.0m. Losses expected to increase from €0.09 per share to €0. Machinery industry in Finland expected to see average net income growth of 16% next year. Consensus price target of €3.40 unchanged from last update. Share price fell 4.0% to €3.83 over the past week. Buy Or Sell Opportunity • Apr 03
Now 24% undervalued Over the last 90 days, the stock has risen 69% to €4.96. The fair value is estimated to be €6.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.3% per annum. Earnings are also forecast to grow by 46% per annum over the same time period. Reported Earnings • Mar 09
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: €0.02 (down from €0.16 in FY 2023). Revenue: €97.1m (down 4.9% from FY 2023). Net income: €204.0k (down 87% from FY 2023). Profit margin: 0.2% (down from 1.5% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Finland. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. New Risk • Feb 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (€28.2m market cap, or US$29.1m). Price Target Changed • Nov 29
Price target decreased by 12% to €2.90 Down from €3.30, the current price target is provided by 1 analyst. New target price is 16% above last closing price of €2.50. Stock is up 7.3% over the past year. The company is forecast to post a net loss per share of €0.08 compared to earnings per share of €0.16 last year. New Risk • Nov 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Market cap is less than US$100m (€23.6m market cap, or US$25.0m). Tillkännagivande • Oct 02
Componenta Corporation (HLSE:CTH1V) completed the acquisition of Marine and Energy business in Kalajoki and Sepänkylä from Fortaco Oy. Componenta Corporation (HLSE:CTH1V) has signed an agreement to acquire Marine and Energy business in Kalajoki and Sepänkylä from Fortaco Oy for approximately €2.8 million on July 22, 2024. Under the terms of agreement, the transaction will be carried out in two stages, so that first Componenta Manufacturing Oy acquires the operations of Kalajoki and Sepänkylä, including their inventories and fixed assets, excluding real estate, €1.8 million at the purchase price from Fortaco Group approximately on October 1, 2024. In the second phase, Componenta Manufacturing Oy buys the properties used by the Kalajoki and Sepänkylä businesses from Fortaco Oy no later than one year after the completion of the first phase. Until then, Componenta pays rent to Fortaco for the properties in Kalajoki and Sepänkylä. The paid rent is deducted from the purchase price of the real estate from €1 million. Componenta finances the transactions with its internal financing and the financing limits at its disposal. For the period ending June 30, 2024, Marine and Energy business in Kalajoki and Sepänkylä reported total revenue of €7 million and EBITDA of €0.025 million. The acquired functions employ a total of about 60 employees. In connection with the closing of the transaction, the employees will transfer to Componenta as old employees.
The final closing of the transaction will depend on the usual terms and conditions of the acquisitions. The parties aim to implement the implementation of the transaction on October 1, 2024, and the business operations will become part of Componenta as of the closing date of the transaction. Componenta will publish a separate release on the final closing of the transaction. The strategic evaluation concerning Fortaco’s marine and energy business in Serbia is still ongoing. Fortaco expects to complete the evaluation during 2024. The transaction if realized, the transaction will not have an impact on Componenta's profit guidance for 2024.
Componenta Corporation (HLSE:CTH1V) completed the acquisition of Marine and Energy business in Kalajoki and Sepänkylä from Fortaco Oy on October 1, 2024. All the customary closing conditions have been met, Tillkännagivande • Sep 26
Componenta Corporation, Annual General Meeting, Apr 23, 2025 Componenta Corporation, Annual General Meeting, Apr 23, 2025. Reported Earnings • Jul 24
First half 2024 earnings released: €0.20 loss per share (vs €0.15 profit in 1H 2023) First half 2024 results: €0.20 loss per share (down from €0.15 profit in 1H 2023). Revenue: €50.0m (down 17% from 1H 2023). Net loss: €1.99m (down 239% from profit in 1H 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Machinery industry in Finland. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Price Target Changed • Jun 09
Price target increased by 20% to €3.60 Up from €3.00, the current price target is provided by 1 analyst. New target price is 11% above last closing price of €3.25. Stock is up 12% over the past year. The company is forecast to post earnings per share of €0 for next year compared to €0.16 last year. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €3.46, the stock trades at a trailing P/E ratio of 21.7x. Average forward P/E is 15x in the Machinery industry in Finland. Total loss to shareholders of 1.1% over the past three years. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €2.68, the stock trades at a trailing P/E ratio of 16.8x. Average forward P/E is 15x in the Machinery industry in Finland. Total loss to shareholders of 22% over the past three years. Tillkännagivande • Apr 10
Componenta Corporation Elects Lars Wrebo as New Member of the Board of Directors Componenta Corporation announced that at its AGM held on 10 April 2024, The AGM elected Lars Wrebo as a new member of the board of directors. Reported Earnings • Mar 03
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: €0.16 (up from €0.01 in FY 2022). Revenue: €102.6m (down 6.0% from FY 2022). Net income: €1.55m (up €1.50m from FY 2022). Profit margin: 1.5% (up from 0% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Machinery industry in Finland. Over the last 3 years on average, earnings per share has increased by 132% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. New Risk • Feb 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (€22.6m market cap, or US$24.4m). Major Estimate Revision • Jan 17
Consensus EPS estimates fall by 41% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €104.6m to €101.0m. EPS estimate also fell from €0.27 per share to €0.16 per share. Net income forecast to grow 13% next year vs 13% growth forecast for Machinery industry in Finland. Consensus price target of €3.00 unchanged from last update. Share price rose 4.7% to €2.47 over the past week. Tillkännagivande • Jan 16
Componenta Revises Sales Guidance for 2023 Componenta's preliminary, unaudited figures the net sales in 2023 is estimated to be approximately EUR 101 million – EUR 102 million. Previously the company expects the Group’s net sales to be EUR 100 million – EUR 105 million in 2023. Major Estimate Revision • Sep 28
Consensus EPS estimates increase by 269% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €0.16 to €0.59. Revenue forecast unchanged at €113.7m. Net income forecast to grow 306% next year vs 62% growth forecast for Machinery industry in Finland. Consensus price target of €3.20 unchanged from last update. Share price fell 3.7% to €2.83 over the past week. Tillkännagivande • Jul 26
Componenta Corporation Provides Group Sales Guidance for the Full Year 2023 Componenta Corporation provided group sales guidance for the full year 2023. The company expected the Group’s net sales to be EUR 110-120 million in 2023. Reported Earnings • Jul 26
First half 2023 earnings released: EPS: €0.15 (vs €0.04 in 1H 2022) First half 2023 results: EPS: €0.15 (up from €0.04 in 1H 2022). Revenue: €60.2m (up 11% from 1H 2022). Net income: €1.42m (up 243% from 1H 2022). Profit margin: 2.4% (up from 0.8% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 150% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 04
Full year 2022 earnings released: EPS: €0.01 (vs €0.04 loss in FY 2021) Full year 2022 results: EPS: €0.01 (up from €0.04 loss in FY 2021). Revenue: €109.4m (up 25% from FY 2021). Net income: €52.0k (up €457.0k from FY 2021). Profit margin: 0% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 22
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €146.0k from profit in 1H 2021). Profit margin: (down from 0.3% in 1H 2021). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 05
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: €0.04 loss per share (up from €0.67 loss in FY 2020). Revenue: €87.6m (up 25% from FY 2020). Net loss: €405.0k (loss narrowed 87% from FY 2020). Revenue missed analyst estimates by 11%. Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 27% per year. Reported Earnings • Nov 06
Third quarter 2021 earnings released: €0.14 loss per share The company reported a solid third quarter result with improved revenues and control over costs, although losses increased. Third quarter 2021 results: Revenue: €18.5m (up 17% from 3Q 2020). Net loss: €1.34m (loss widened 11% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Reported Earnings • Jul 24
Second quarter 2021 earnings released: €0.03 loss per share (vs €0.28 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: €23.1m (up 35% from 2Q 2020). Net loss: €146.0k (loss narrowed 89% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 120 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 28
Full year 2020 earnings released: €0.20 loss per share (vs €0.52 loss in FY 2019) The company reported a mediocre full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: €70.5m (up 39% from FY 2019). Net loss: €3.18m (loss widened 59% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 25
New 90-day high: €3.48 The company is up 13% from its price of €3.09 on 27 November 2020. The Finnish market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 8.0% over the same period. Is New 90 Day High Low • Jan 28
New 90-day low: €2.98 The company is down 23% from its price of €3.88 on 30 October 2020. The Finnish market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 7.0% over the same period.