Company Overview
Norrhydro Group Oyj is a Finnish company that specializes in designing, manufacturing, and delivering innovative hydraulic systems and energy-efficient solutions for various industries. With over 40 years of experience, Norrhydro has established itself as a leading player in the global market, providing high-quality products and services to customers worldwide.
The company's primary mission is to become the world's best sylinter valve manufacturer, while maintaining its commitment to Partner in Success, which emphasizes collaboration with customers to deliver exceptional performance and value. Norrhydro's core values include innovation, customer focus, quality, and sustainability.
Key Products/Services
Norrhydro offers a range of products and services that cater to various industries, including:
- Hydraulic systems for industrial applications
- Energetic efficient solutions for energy-intensive processes
- Digitalized hydraulics with NorrDigi EMA technology
- Sustainable and environmentally friendly products
The company's products are designed to provide exceptional performance, reliability, and efficiency, while minimizing environmental impact. By leveraging its expertise in hydraulic systems and energy-efficient solutions, Norrhydro helps customers reduce costs, increase productivity, and minimize their ecological footprint.
Benefits of Norrhydro's Products/Services
Norrhydro's products and services offer numerous benefits to customers, including:
- Improved performance and efficiency
- Increased reliability and reduced downtime
- Enhanced sustainability and environmental responsibility
- Cost savings and increased productivity
By partnering with Norrhydro, customers can tap into the company's expertise and experience to deliver exceptional results and achieve their business goals.
Valuation
| 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|
| Number of Shares (million) | 10.9 | 11.1 | 11.1 | 11.1 | 11.1 | 11.1 |
| Target Valuation (MEur) | 18.0 | 13.6 | 19.6 | 24.8 | 28.5 | 28.5 |
| Targer Price | 1.65 | 1.23 | 1.77 | 2.24 | 2.57 | 2.57 |
| Potential, % | -20.4 | -24.0 | 47.4 | 82.4 | 109.6 | 109.6 |
| Recommendation | Hold | Sell | Buy | Buy | Buy | Buy |
| MCAP (MEur) | 22.6 | 17.9 | 13.3 | 13.6 | 13.6 | 13.6 |
| Price | 2.07 | 1.61 | 1.2 | 1.23 | 1.23 | 1.23 |
| EV | 32.0 | 27.0 | 22.0 | 21.0 | 21.0 | 21.0 |
| P/S | 0.74 | 0.74 | 0.46 | 0.47 | 0.47 | 0.46 |
| EV/S | 1.06 | 1.13 | 0.78 | 0.72 | 0.72 | 0.69 |
| EV/EBIT | -125.3 | -323.5 | 16.57 | 13.96 | 14.06 | 13.01 |
| P/E | -15.64 | -13.55 | 57.1 | 15.46 | 11.46 | 10.82 |
| P/B | 2.54 | 2.26 | 1.63 | 1.54 | 1.36 | 1.21 |
| P/OCF | 73.74 | 20.39 | 12.59 | 6.0 | 20.98 | 13.11 |
| EV/OCF | 105.24 | 31.32 | 21.19 | 9.22 | 32.22 | 19.76 |
| P/FCF | 352.58 | -365.39 | 24.19 | 7.27 | 3408.95 | 34.61 |
| EV/FCF | 503.17 | -561.18 | 40.72 | 11.17 | 5235.7 | 52.15 |
Income Statement
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Revenue | 29.7 | 30.4 | 24.2 | 28.7 | 28.9 | 28.9 | 29.6 |
| Rev. Growth, % | 0.0 | 2.4 | -20.4 | 18.6 | 0.7 | 0.0 | 2.4 |
| Ebit | 0.8 | -0.3 | -0.1 | 1.4 | 1.5 | 1.5 | 1.6 |
| Ebit Growth, % | 0.0 | -137.5 | 66.7 | 1500.0 | 7.1 | 0.0 | 6.7 |
| Ebit, % | 2.7 | -1.0 | -0.4 | 4.9 | 5.2 | 5.2 | 5.4 |
| Profit | 0.0 | -1.4 | -1.3 | 0.2 | 0.9 | 1.2 | 1.3 |
| EPS | 0.0 | -0.13 | -0.12 | 0.02 | 0.08 | 0.11 | 0.12 |
| Profit Growth, % | 0.0 | 0.0 | 7.1 | 115.4 | 350.0 | 33.3 | 8.3 |
| Profit, % | 0.0 | -4.6 | -5.4 | 0.7 | 3.1 | 4.2 | 4.4 |
Balance Sheet
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Inventory | 8.8 | 8.0 | 7.4 | 8.2 | 7.0 | 7.6 | 7.8 |
| Acc. Receivable | 1.9 | 1.2 | 1.2 | 1.1 | 1.4 | 1.4 | 1.4 |
| Cash | 1.4 | 1.4 | 0.6 | 0.3 | 0.8 | 0.8 | 1.2 |
| Equity | 11.4 | 8.9 | 7.9 | 8.2 | 8.8 | 10.0 | 11.3 |
| ROE, % | 0.0 | -15.7 | -16.5 | 2.4 | 10.2 | 12.0 | 11.5 |
| ROCE, % | 3.8 | -1.5 | -0.6 | 8.0 | 8.9 | 8.3 | 8.2 |
| Net Debt | 8.0 | 9.6 | 9.6 | 9.1 | 7.3 | 7.3 | 6.9 |
| Gearing, % | 69.9 | 108.6 | 120.9 | 111.3 | 82.7 | 72.9 | 61.2 |
| Equity ratio, % | 40.9 | 35.0 | 33.1 | 34.5 | 37.8 | 41.9 | 46.9 |
| Acc. Payable | 5.5 | 5.5 | 5.8 | 6.1 | 5.7 | 5.1 | 5.0 |
| Total Assets | 27.9 | 25.4 | 24.0 | 23.6 | 23.4 | 23.9 | 24.1 |
| ROA, % | 0.0 | -5.5 | -5.4 | 0.8 | 3.8 | 5.0 | 5.4 |
Cash Flow
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -0.4 | 0.3 | 0.9 | 1.1 | 2.3 | 0.6 | 1.0 |
| Investment Cash Flow | -5.6 | -0.2 | -0.9 | -0.5 | -0.4 | -0.6 | -0.6 |
| Free Cash Flow | -6.0 | 0.1 | -0.0 | 0.5 | 1.9 | 0.0 | 0.4 |
| OCF/CAPEX | 0.0 | 1.26 | 0.95 | 2.08 | 5.72 | 1.01 | 1.61 |
| Financial Cash Flow | 2.8 | 0.1 | -0.8 | -0.8 | -1.4 | 0.0 | 0.0 |
Disclaimer
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