Elekta
Note: This is a daily stock update and the information stands true as of 26/11/25, 09:00 CET.
Expert Opinion:
Elekta still has a fantastic set of products. However, the momentum has been weak for years, notably with a poor performance in China, because of the anti-corruption probe that froze all orders, especially from foreign companies. Valuation is now extremely attractive with PE 26 (April) at 12.6x down to 105x for 2027. Furthermore, the company pays a c6% dividend yield.
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Company Update:
Elekta posted Q2 results that came ahead of expectations.
Elekta posted Q2 results that came ahead of expectations.
Sales were a 1.6% miss due to forex impact but EBIT came in 6.5% better than expected.
Interestingly, although sales were weak in China, the P/Book ratio stood at 1.3x, showing first signs of recovery and the management expects H2 sales in China to grow, which would be great news.
The new CEO started a restructuring plan and cut 450 jobs to streamline the company and restore profitability.
Expert Opinion:
Elekta still has a fantastic set of products. However, the momentum has been weak for years, notably with a poor performance in China, because of the anti-corruption probe that froze all orders, especially from foreign companies. Valuation is now extremely attractive with PE 26 (April) at 12.6x down to 105x for 2027. Furthermore, the company pays a c6% dividend yield.
Our expert expects stock to recover gradually and trade back to valuation levels more in line with historical valuation, ie slightly above the 20x mark.
For daily updates, subscribe to our newsletter and for detailed information, reach out to us at sales@alphavalue.eu
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