contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment CompanyTagList on Company {
  pageUrl
  name
  viewerIsFollowing
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    ...CompanyTagList
    id
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  availableLanguages
  pageUrl
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      defaultInstrument {
        isin
        id
      }
      id
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    id
    name
    viewerIsFollowing
    defaultInstrument {
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


relais-group-vehicle-aftermarket-consolidator

__typename

title

isPremium

lang

htmlBody

companies

createdAt

publishers

authors

reactionGroups

availableLanguages

pageUrl

imgUrl

description

Co. Head of Research

Petri Gostowski

Relais Group is an importer and wholesaler for the automotive industry. The Group focuses mainly on the development of vehicle electronic equipment for trucks. Examples of products that the company delivers include lighting products, applications for warning lights, lighting and camera systems, as well as other spare parts for heavy vehicles. The largest operations are in the Nordic and Baltic markets, with customers in the aftermarket industry.

Inderes analysts have produced a high-quality and realistic analysis of this interesting company. The Q2 report released by Relais on Thursday was better than we expected, with revenue and especially profitability exceeding our estimates. Against this backdrop, our raised profitability forecasts and a recent small acquisition, our estimates for this and next year increased. The stock valuation is not high, but we believe the recent price rise has dismantled the most blatant undervaluation. As a result, we raise our target price to EUR 16.5 (was EUR 15.0) but lower the recommendation to Accumulate (was Buy).                   Inderes              Relais Q2'24: A record H1 - Inderes    The Q2 report released by Relais on Thursday was better than we expected, with revenue and especially profitability exceeding our estimates. Against this backdrop, our raised profitability forecasts and a recent small acquisition, our estimates for...

Intervju med Relais VD Arni Ekholm om Q2-resultatet                  Inderes              Relais Q2’24: Stark utveckling och bra utsikter - Inderes    Time: 2024-08-15 12:05 God efterfrågan på marknaden bidrog till Relais starka resultatutveckling. I intervjun berättar VD Arni Ekholm om koncernens verksamhet, tillväxtutsikter och planer.

Relais stärker sitt verkstadsnätverk i Sverige med förvärv.                    Inderes              Relais strengthens its workshop network in Sweden with acquisition - Inderes    In a transaction that is small for its size, Relais will acquire two commercial vehicle repair shops in Sweden, near Gothenburg. In our view, the value creation conditions for the acquisition as set out in the strategy are valid.

Detta är det bästa som investeringsvärlden kan erbjuda en investerare: Mycket omfattande och lättläst högkvalitativ analys!  Relais’ value creation model is based on owning and developing businesses, and consolidating the vehicle aftermarket. Raw material for this, i.e. cash flow, is produced by its current businesses, which, according to our estimate, will grow in the long run roughly at the pace of economic growth. We consider the current valuation of the stock moderate, whereas the risk level of the company’s defensive business is quite reasonable in our opinion. Thus, we consider the share’s risk/reward ratio attractive, and reiterate our EUR 15.0 target price and Buy recommendation.                   Inderes              Relais extensive report: Vehicle aftermarket consolidator - Inderes    Relais' value creation model is based on owning and developing businesses, and consolidating the vehicle aftermarket.

RELAIS -påminnelse: vi översätter analyser löpande !  Den senaste är publicerad 10 maj! Direktlänken till hela analysen hittar du här:                   Inderes              Fast and furious - Inderes    Relais' Q1 figures beat our forecasts by a wide margin, driven by a much better-than-expected organic growth in the Technical Wholesale and Products business.                             I dag har vi grottat ner oss i bolaget med hjälp av @petri.gostowski !!  Osexigt, men stämplat med köprekommendation i nuläget!  Om bolaget på några minuter:               Även  kortkommentarer på Youtube:

Relais Group är en importör och grossist för fordon.  Koncernen fokuserar på utveckling av fordonselektronik för tunga fordon, såsom belysningsprodukter, varningsljusapplikationer, belysning och kamerajärjestelmä samt andra reservdelar för tunga fordon. Huvuddelen av verksamheten sker på Nordens och Baltikums marknader, med kunder inom eftermarknadsindustrin.  Det bästa sättet att lära känna ett företag är att läsa en omfattande och högkvalitativ rapport skriven av huvudanalytikern Gostowski och analytikern Saarinen. Efter att ha läst den kommer du att ha mycket kunskap om företaget, men kom ihåg att rapporten är ett år gammal, så vissa saker kan ha förändrats.                   Inderes              Relais Group: Vehicle aftermarket consolidator - Inderes    Relais' value creation model is based on owning and developing businesses, and consolidating the vehicle aftermarket. The company's track record of this is good for the past few years and we...                             Den här ‘rapporten’ innehåller en enorm mängd information:    Samma duo har också gjort en färsk analys av detta företag. Och titeln på denna analys är enligt min åsikt fantastisk, gissa varför?                         Inderes              Fast and furious - Inderes    Relais' Q1 figures beat our forecasts by a wide margin, driven by a much better-than-expected organic growth in the Technical Wholesale and Products business.

Relais Group

Relais' value creation model is based on owning and developing businesses, and consolidating the vehicle aftermarket. The company's track record of this is good for the past few years and we...

<p>Relais' value creation model is based on owning and developing businesses, and consolidating the vehicle aftermarket. The company's track record of this is good for the past few years and we expect capital allocation to be a key value driver for the company also in the future. In our view, the current share valuation is moderate from several different angles. Thus, we consider the share’s risk/return ratio good.</p> 

	2022	23e	24e
Revenue	260.7	277.5	289.6
growth-%	9.62 %	6.45 %	4.36 %
EBIT (adj.)	23.0	29.8	31.9
EBIT-% (adj.)	8.81 %	10.74 %	11.03 %
EPS (adj.)	0.80	1.00	1.12
Dividend	0.40	0.42	0.44
Dividend %	3.92 %	3.15 %	3.30 %
P/E (adj.)	12.67	13.41	11.92
EV/EBITDA	8.96	8.49	7.91

Relais Group

Key Estimate Figures2023-05-29

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