Exel reported a weaker-than-expected Q3 report with revenue and operating profit below our estimates. In the report, the company reiterated its guidance for the current year and sees no reason to change it at this time, which was disappointing given our expectations prior to the report. In light of this and the prevailing uncertainty, we made negative changes to our estimates for the coming years.
Exel Composites
Exel Composites is a manufacturing company. The company manufactures and markets compound composites that are used in demanding industrial environments. In addition to the main business, lamination and extrusion are also performed. The largest presence is in Europe and Asia with customers in the manufacturing and aerospace industries. Exel Composites was founded in 1960 and is headquartered in Vantaa.
Read more on company pageKey Estimate Figures03.11.2022
2021 | 22e | 23e | |
---|---|---|---|
Revenue | 134.4 | 139.9 | 136.2 |
growth-% | 23.75 % | 4.15 % | -2.70 % |
EBIT (adj.) | 6.0 | 9.0 | 9.1 |
EBIT-% (adj.) | 4.49 % | 6.45 % | 6.69 % |
EPS (adj.) | 0.29 | 0.74 | 0.45 |
Dividend | 0.20 | 0.22 | 0.24 |
P/E (adj.) | 27.53 | 2.81 | 4.61 |
EV/EBITDA | 11.20 | 3.03 | 3.50 |