Small profit warning already priced in the stock
Q1 was weak as expected and the sluggish order intake did not improve the outlook for growth. The company's management seems to believe that growth will accelerate in H2 with the help of new customers, growing capacity and a new product portfolio. However, we estimate that it may take longer than expected for the market to recover, making it very difficult to achieve the guidance. In our view, a profit warning is already priced in at current levels, and the long-term outlook looks attractive.
Kempower
Kempower is active in the industrial sector. The company is a developer of charging solutions and services with a focus on the automotive sector. The range mainly includes charging posts, stations, sockets, and associated electronic equipment. In addition to the main business, various aftermarket services and technical support are offered. The largest operations are in the Nordic countries and Europe.
Read more on company pageKey Estimate Figures25.04.
2023 | 24e | 25e | |
---|---|---|---|
Revenue | 283.6 | 343.2 | 442.7 |
growth-% | 173.75 % | 21.00 % | 29.00 % |
EBIT (adj.) | 40.7 | 22.7 | 47.3 |
EBIT-% (adj.) | 14.35 % | 6.62 % | 10.69 % |
EPS (adj.) | 0.61 | 0.35 | 0.70 |
Dividend | 0.00 | 0.00 | 0.00 |
Dividend % | |||
P/E (adj.) | 51.96 | 63.96 | 32.10 |
EV/EBITDA | 35.76 | 35.02 | 19.12 |