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Gea Group

  G1A GR

Additional cost reductions necessary and announced
Updates
02/08/2010EPS change
30/07/2010Earnings/sales releasesFor the first time since Q2 08 GEA sho...
06/05/2010Earnings/sales releasesGEA’s Q1 10 profit numbers fell slightl...
11/03/2010Earnings/sales releasesGEA missed our 2009 expectations. ...
29/10/2009Earnings/sales releasesGEA's 9M09 revenue number of €3.2b...
22/09/2009Other news/commentsGEA has announced that instead of ju...
30/07/2009LatestThe company's H1 09 sales and profit ...
23/04/2009LatestGEA will release Q1 2009 numbers on...
Summary Key Data
  12/08A
12/09A
12/10E
12/11E
12/12E
AlphaValue P/E (x) 10.1 13.1
Dividend yield (%) 2.13 2.68
EV/EBITDA (x) 7.36 7.55
AlphaValue EPS (€) 1.87 0.85
Dividend (€) 0.40 0.30
Sales (€M) 5,179 4,411
EBITDA (€M) 599 358
Attributable net profit (€M) 100 161
ROE (after tax) (%) 24.3 10.1
ROCE (%) 15.7 9.80
Gearing (%) 2.93 3.29
Next Div. Indic € 0.30 payment
Target
Price (€) 17.4
Market Cap (€M) 3,191
Perf. 1W: 2.12 %
Perf. 1M: -2.75 %
Perf. 3M: 10.4 %
Perf Ytd: 11.6 %
Rating
  • Strong momentum corresponding to a continuous and overall positive moving average trend confirmed by volumes
  • Relatively good momentum corresponding to a positively-oriented moving average, but offset by an overbought pattern or lack of confirmation from volumes
  • Relatively unfavorable momentum with a neutral or negative moving average trend, but offset by an oversold pattern or lack of confirmation from volumes
  • Strongly negative momentum corresponding to a continuous and overall negative moving average trend confirmed by volumes
VALUE
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GOVERNANCE
RANKING
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Worst
Businesses & Trends
GEA supplies a huge variety of industries. Among others, the company’s products range from cooling towers and heat exchangers ... Read More
Money Making
With the disposal of non-core operations and the exclusion of losses from discontinued operations, GEA has again been genuinely ... Read More
Valuation
As this year’s earnings in heat exchangers will be burdened by additional restructuring charges, we multiply this division’s 2011 a... Read More
Analyst: Hans-Peter Wodniok
Concepts
Business concepts
  • CF funded capacity exp...
  • Strong position in "food ...
  • Structural growth
Investment Concepts
  • Acquisition based growth
  • Execution risk
Story Trigger
  • Execution hiccup
  • M&A related
  • Order intake shift
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