Company Overview
Saga Furs is a leading international fur trading company that specializes in the supply of high-quality Turkish mohair and cashmere products to fashion designers, manufacturers, and retailers worldwide.
The company was founded in 1938 and has since established itself as a trusted partner for the global textile industry, with a strong presence in Europe, Asia, and North America.
Saga Furs is committed to providing exceptional quality, service, and value to its customers, while maintaining a strong commitment to sustainability, social responsibility, and environmental stewardship.
The company's mission is to be the leading provider of premium fur products, while promoting innovation, creativity, and excellence in all aspects of its business.
Saga Furs is dedicated to building long-term relationships with its customers, suppliers, and partners, based on trust, integrity, and mutual respect.
To be the leading provider of premium fur products, while promoting innovation, creativity, and excellence in all aspects of our business.
Core Values
- Quality: Committed to providing exceptional quality products that meet the highest standards of excellence.
- Innovation: Strive to stay at the forefront of textile innovation, using the latest technologies and techniques to create unique and sustainable products.
- Sustainability: Dedicated to reducing our environmental footprint and promoting sustainable practices throughout our operations.
- Customer Focus: Prioritize building long-term relationships with our customers, based on trust, integrity, and mutual respect.
- Excellence: Strive for excellence in all aspects of our business, from product quality to customer service and operational efficiency.
Key Products/Services
Saga Furs offers a wide range of premium fur products, including:
- Mohair and cashmere yarns and fabrics for fashion designers and manufacturers.
- Fur trimmings and embellishments for clothing, accessories, and home textiles.
- Customized fabric solutions for fashion brands and textile companies.
- Fur sourcing and procurement services for retailers and wholesalers.
Benefits
Saga Furs' premium fur products offer numerous benefits to customers, including:
- Exceptional quality and durability.
- Innovative designs and sustainable materials.
- Customized solutions for fashion brands and textile companies.
- Convenient sourcing and procurement services for retailers and wholesalers.
Valuation
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Number of Shares (million) | 3.6 | 3.6 | 3.6 | 3.6 | 3.6 | 3.6 | 3.6 |
| Target Valuation (MEur) | 57.5 | 47.3 | 65.0 | 121.1 | 193.7 | 251.7 | 251.7 |
| Targer Price | 15.96 | 13.15 | 18.06 | 33.63 | 53.81 | 69.91 | 69.91 |
| Potential, % | 52.1 | 46.4 | 113.8 | 422.0 | 268.3 | 378.5 | 378.5 |
| Recommendation | Buy | Buy | Buy | Buy | Buy | Buy | Buy |
| MCAP (MEur) | 37.8 | 32.3 | 30.4 | 23.2 | 52.6 | 52.6 | 52.6 |
| Price | 10.5 | 8.97 | 8.44 | 6.44 | 14.61 | 14.61 | 14.61 |
| EV | 24.0 | -12.0 | -14.0 | -29.0 | -15.0 | -32.0 | -48.0 |
| P/S | 0.92 | 0.79 | 0.54 | 0.5 | 1.07 | 1.14 | 1.14 |
| EV/S | 0.59 | -0.3 | -0.25 | -0.63 | -0.31 | -0.69 | -1.04 |
| EV/EBIT | 98.86 | -18.01 | 6.78 | -7.6 | -6.84 | -30.54 | -44.29 |
| P/E | 14.35 | 26.54 | 30.36 | 4.03 | 24.01 | 62.57 | 61.12 |
| P/B | 0.45 | 0.36 | 0.34 | 0.26 | 0.58 | 0.58 | 0.57 |
| P/OCF | 2.37 | 1.33 | 1.92 | 0.87 | 2.37 | 2.83 | 3.01 |
| EV/OCF | 1.52 | -0.5 | -0.88 | -1.08 | -0.69 | -1.73 | -2.74 |
| P/FCF | 2.29 | 1.48 | 2.34 | 0.85 | 2.53 | 3.12 | 3.33 |
| EV/FCF | 1.47 | -0.56 | -1.08 | -1.05 | -0.73 | -1.9 | -3.03 |
Income Statement
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Revenue | 41.3 | 40.7 | 55.8 | 46.1 | 49.3 | 46.2 | 46.1 |
| Rev. Growth, % | -8.4 | -1.5 | 37.1 | -17.4 | 6.9 | -6.3 | -0.2 |
| Ebit | 0.2 | 0.7 | -2.1 | 3.8 | 2.2 | 1.0 | 1.1 |
| Ebit Growth, % | -97.5 | 250.0 | -400.0 | 281.0 | -42.1 | -54.5 | 10.0 |
| Ebit, % | 0.5 | 1.7 | -3.8 | 8.2 | 4.5 | 2.2 | 2.4 |
| Profit | 2.6 | 1.2 | 1.0 | 5.8 | 2.2 | 0.8 | 0.9 |
| EPS | 0.72 | 0.33 | 0.28 | 1.61 | 0.61 | 0.22 | 0.25 |
| Profit Growth, % | -68.7 | -53.8 | -16.7 | 480.0 | -62.1 | -63.6 | 12.5 |
| Profit, % | 6.3 | 2.9 | 1.8 | 12.6 | 4.5 | 1.7 | 2.0 |
Balance Sheet
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Inventory | 8.8 | 10.1 | 10.1 | 7.4 | 7.2 | 7.1 | 6.9 |
| Acc. Receivable | 40.4 | 20.0 | 20.0 | 21.4 | 26.2 | 33.1 | 35.9 |
| Cash | 25.3 | 46.7 | 36.3 | 60.2 | 82.2 | 99.1 | 114.8 |
| Equity | 84.9 | 88.8 | 88.8 | 89.8 | 90.4 | 91.2 | 92.1 |
| ROE, % | 3.1 | 1.4 | 1.1 | 6.5 | 2.4 | 0.9 | 1.0 |
| ROCE, % | 0.2 | 0.8 | -2.6 | 3.9 | 2.1 | 0.9 | 1.0 |
| Net Debt | -13.6 | -44.4 | -44.4 | -52.1 | -67.8 | -84.6 | -100.4 |
| Gearing, % | -16.0 | -50.0 | -50.0 | -58.0 | -75.0 | -92.8 | -109.0 |
| Equity ratio, % | 66.4 | 75.3 | 75.3 | 75.3 | 66.3 | 61.2 | 57.9 |
| Acc. Payable | 17.6 | 11.7 | 11.7 | 13.1 | 13.3 | 12.9 | 14.9 |
| Total Assets | 127.8 | 118.0 | 118.0 | 119.2 | 136.2 | 149.1 | 159.0 |
| ROA, % | 2.0 | 1.0 | 0.8 | 4.9 | 1.6 | 0.5 | 0.6 |
Cash Flow
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 15.9 | 24.3 | 15.8 | 26.8 | 22.1 | 18.5 | 17.5 |
| Investment Cash Flow | 0.6 | -2.5 | -2.9 | 0.6 | -1.4 | -1.7 | -1.7 |
| Free Cash Flow | 16.5 | 21.8 | 13.0 | 27.4 | 20.8 | 16.8 | 15.8 |
| OCF/CAPEX | 0.0 | 9.62 | 5.54 | 0.0 | 16.27 | 10.9 | 10.26 |
| Financial Cash Flow | -14.1 | -4.3 | -5.1 | -3.4 | 1.2 | 0.0 | 0.0 |
Disclaimer
Risk Disclosure: Trading in financial instruments involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
The data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
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