I got in on Monday. But I bought more by chance because my share screener spit out the company. My quarterly figures are 23.04.26. I'm also a bit surprised.
@Dirty30 yes 23.04 is also in the report. The current ones are provisional. A few days ago I also suggested the share to someone who was looking for a European defense stock
@Tenbagger2024 Sure, the figures and backlog are absolutely good.
The picture (from the mildef publication, right?) is charming, by the way, I suspect that a not inconsiderable proportion of the new customers and employees listed there come from the takeover.
Other things are more unpleasant, which of course are not included in the IR presentation when announcing preliminary figures. But let's wait for the final figures and take a look at the overall picture.😉
1.4 on a forward basis, perhaps.🤷🏼♂️ And that is just within the bounds of what is justifiable. However, the takeover will not only have a positive impact financially and operationally.
@Get_Rich_or_Die_Tryin says the screener. But even if you calculate this manually, it makes sense. the forward P/E is 16-17, which means that even a generous calculation results in 0.5.
@Dirty30 in the bull case yes. In the base case you will be above 1 in any case, with a tendency of between 1.4-1.7. Bull requires immediate synergies from the takeover, margin scaling to max. etc. I find it difficult to swallow the bull case, especially when it comes to margins, because the product mix with roda spoils the gross margin, because the trading business brings worse margins, and the FCF due to the takeover. I'm sticking with the base. And then, unfortunately, the value is not dirt cheap, but rather expensive, even if not exorbitantly expensive.
