Exel Composites
0.278
EUR
-0.71 %
EXL1V
NASDAQ Helsinki
Construction & Materials
Industrials
5,536 following
-0.71%
-4.79%
-26.84%
-23.2%
-31.7%
-53.88%
-55.79%
-83.59%
-77.03%
-75.3%
investors.exelcomposites.com
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.
P/E (adj.) (24e)
-30.27
EV/EBIT (adj.) (24e)
18.77
P/B (24e)
0.82
Dividend yield-% (24e)
-
Target price
0.35 EUR
Recommendation
Reduce
Updated
31.10.2024
NASDAQ Helsinki
EXL1V
Daily low / high price
0.275 / 0.284
EUR
Market cap
29.67M EUR
Turnover
10.83K EUR
Volume
39K
Business risk
Valuation risk
Current
Previous
Latest research
Extensive report
Inderes' extensive report is an investor's handbook on customer companies covered by our research.
The latest extensive report was released
Read the reportAnalyst
Aapeli Pursimo
Analyst
Financial calendar
Annual report
2025-02-14
General meeting
2025-03-26
Business review
2025-05-08
Interim report
2025-08-14
Business review
2025-11-06
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 108.6 | 134.4 | 137.0 | 96.8 | 99.9 | 104.4 | 125.2 | 136.5 |
| growth-% | 4.6 % | 23.7 % | 1.9 % | -29.3 % | 3.2 % | 4.4 % | 20.0 % | 9.0 % |
| EBITDA | 15.3 | 11.9 | 10.1 | 3.8 | 8.0 | 10.1 | 12.7 | 14.9 |
| EBIT (adj.) | 9.7 | 6.0 | 8.0 | -2.4 | 2.4 | 4.1 | 7.0 | 9.1 |
| EBIT | 9.4 | 3.7 | 3.0 | -4.9 | 2.1 | 4.1 | 7.0 | 9.1 |
| Profit before taxes | 7.1 | 4.2 | 3.6 | -8.3 | -1.2 | 2.4 | 5.5 | 7.6 |
| Net income | 5.4 | 1.7 | 2.3 | -9.1 | -1.3 | 1.5 | 3.6 | 5.1 |
| EPS (adj.) | 0.47 | 0.29 | 0.61 | -0.56 | -0.01 | 0.01 | 0.03 | 0.05 |
| growth-% | 38.5 % | -37.5 % | 108.7 % | -191.9 % | 143.1 % | 41.5 % | ||
| Dividend | 0.20 | 0.20 | 0.20 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Dividend ratio | 44.3 % | 143.3 % | 103.8 % | 20.9 % |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 14.1 % | 8.9 % | 7.4 % | 4.0 % | 8.0 % | 9.6 % | 10.1 % | 10.9 % |
| EBIT-% (adj.) | 8.9 % | 4.5 % | 5.9 % | -2.5 % | 2.4 % | 3.9 % | 5.6 % | 6.7 % |
| EBIT-% | 8.7 % | 2.8 % | 2.2 % | -5.0 % | 2.1 % | 3.9 % | 5.6 % | 6.7 % |
| ROE | 19.5 % | 5.6 % | 7.6 % | -38.5 % | -4.8 % | 4.0 % | 9.1 % | 11.7 % |
| ROI | 13.9 % | 4.8 % | 3.7 % | -6.9 % | 3.3 % | 6.4 % | 10.2 % | 12.3 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 7.38 | 7.10 | 5.42 | 2.54 | 0.28 | 0.28 | 0.28 | 0.28 |
| Shares | 11.9 | 11.9 | 11.9 | 11.9 | 106.7 | 106.7 | 106.7 | 106.7 |
| Market cap | 87.8 | 84.5 | 64.5 | 30.2 | 29.7 | 29.7 | 29.7 | 29.7 |
| Enterprise value | 119.0 | 121.9 | 95.6 | 63.1 | 44.3 | 45.1 | 47.1 | 45.3 |
| EV/S | 1.1 | 0.9 | 0.7 | 0.7 | 0.4 | 0.4 | 0.4 | 0.3 |
| EV/EBITDA | 7.8 | 10.2 | 9.4 | 16.4 | 5.5 | 4.5 | 3.7 | 3.0 |
| EV/EBIT (adj.) | 12.3 | 20.2 | 11.9 | - | 18.8 | 10.9 | 6.7 | 5.0 |
| EV/EBIT | 12.6 | 32.6 | 31.8 | - | 21.5 | 10.9 | 6.7 | 5.0 |
| P/E (adj.) | 15.7 | 24.1 | 8.8 | - | - | 19.9 | 8.2 | 5.8 |
| P/E | 16.4 | 50.9 | 28.1 | - | - | 19.9 | 8.2 | 5.8 |
| P/B | 3.0 | 2.8 | 2.2 | 1.7 | 0.8 | 0.8 | 0.7 | 0.6 |
| P/S | 0.8 | 0.6 | 0.5 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 |
| Dividend yield | 2.7 % | 2.8 % | 3.7 % | 3.6 % | ||||
| Equity ratio | 29.8 % | 26.5 % | 26.9 % | 20.9 % | 41.6 % | 42.0 % | 41.6 % | 43.7 % |
| Gearing ratio | 107.9 % | 119.9 % | 102.4 % | 185.7 % | 40.1 % | 40.6 % | 42.0 % | 33.4 % |
Quarter data
| Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 22.1 | 96.8 | 23.4 | 26.6 | 24.6 | 25.4 | 99.9 | 24.1 | 26.1 |
| EBITDA | -0.2 | 3.8 | 0.9 | 2.6 | 2.2 | 2.3 | 8.0 | 1.9 | 2.8 |
| EBIT | -3.7 | -4.9 | -0.6 | 1.2 | 0.6 | 0.8 | 2.1 | 0.4 | 1.3 |
| Profit before taxes | -5.7 | -8.3 | -0.6 | 0.8 | -1.8 | 0.3 | -1.2 | -0.1 | 0.9 |
| Net income | -5.6 | -9.1 | -0.5 | 0.7 | -1.7 | 0.3 | -1.3 | 0.0 | 0.6 |
ShowingAll content types
Exel Composites' financial calendar and Annual General Meeting in 2025
Exel Composites' Business Review Q1-Q3 2024: Turnaround progressing - Revenue and profitability increased significantly in the third quarter
Join Inderes community
Don't miss out - create an account and get all the possible benefits
Inderes account
Followings and notifications on followed companies
Analyst comments and recommendations
Stock comparison tool & other popular tools