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Metso

  MEO1V FH

Machinery-Heavy Equipt, Industry Spe...
 /  Finland 
A call on new orders acceleration from BRICS
Updates
05/08/2010EPS change
Change in EPS2010 : € 1.87 vs 1.43+30.5 %
2011 : € 2.28 vs 1.76+29.7 %

We are revising our EPS sharply, after the unexpected growth in orders and sales reported by the company in Q2 10. This is due to the dramatic traction of mining equipment in emerging markets.

A call on new orders acceleration from...
29/07/2010Earnings/sales releases
Metso reported a huge increase in ord...
04/05/2010Earnings/sales releases
Order intake increased 45% yoy in Q1...
08/02/2010Earnings/sales releases
Metso reported FY09 figures in line wit...
02/11/2009Earnings/sales releases
Metso reported good profitability and c...
24/07/2009Latest
Metso reported degraded figures for Q...
10/06/2009Latest
Metso announced it has made a place...
28/04/2009Latest
Metso reports a strong decrease in pr...
17/03/2009Latest
Metso announced a reduction of 718 e...
Summary Key Data
  12/08A
12/09A
12/10E
12/11E
12/12E
AlphaValue P/E (x) 8.57 13.0
Dividend yield (%) 2.97 5.08
EV/EBITDA (x) 6.25 7.44
AlphaValue EPS (€) 2.75 1.06
Dividend (€) 0.70 0.70
Sales (€M) 6,400 5,016
EBITDA (€M) 775 437
Attributable net profit (€M) 389 150
ROE (after tax) (%) 25.5 9.28
ROCE (%) 15.4 6.83
Gearing (%) 56.8 54.6
Next Div. Indic € 0.85 payment
Target
Price (€) 30.1
Market Cap (€M) 4,259
Perf. 1W: 5.58 %
Perf. 1M: -1.57 %
Perf. 3M: 16.6 %
Perf Ytd: 22.2 %
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
RISK
GOVERNANCE
RANKING
Best
Worst
Businesses & Trends
A highly cyclical company. Metso is the worldwide leader (20% market share) in Pulp & Paper Technology (30% of sales), systems ... Read More
Money Making
Metso Mining represented 68% of the EBIT in 2009. This division enjoyed a 14% operating margin in 2008 (top of the cycle) thanks ... Read More
Valuation
Our DCF and NAV computation suggest limited potential on current valuation. In our DCF computation we forecast a double digit gr... Read More
Analyst: Lionel Pellicer
Concepts
Business concepts
  • Labour intensive
Investment Concepts
  • Order book story
Story Trigger
  • Order intake shift
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