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
    }
  }
}


__typename

title

isPremium

lang

htmlBody

companies

createdAt

publishers

authors

reactionGroups

availableLanguages

pageUrl

imgUrl

description

Head of Research

Antti Viljakainen

Valmet is a technical supplier in the pulp, paper, and energy industries. Services and products offered include printing machines, spare equipment, condition testing of machines, and automation service solutions. In addition to the main business, aftermarket service and training are also offered. Businesses are conducted on a global level, with the largest domestic market in the Nordic region. The company has its headquarters in Espoo.

Jag har läst om företaget och investerares tankar. Inspirerad av dem: De bästa avkastningarna uppstår när ett företag kan öka sitt resultat och samtidigt har utrymme för värderingsmultiplar att stiga. Jag ser en sådan möjlighet i Valmet, trots osäkra kortsiktiga utsikter. Om man tittar fem år framåt kan man förvänta sig att Valmets resultat förbättras, särskilt tack vare en mer lönsam utveckling av intäktsmixen. Valmet drar nytta av sina kunder, som verkar på stabila marknader med stora anläggningar och kapitalintensiva branscher. Marknaden underskattar Valmets omvandling till ett stabilare industriföretag. De senaste förvärven har stärkt företagets position, och orderböckerna visar att Valmet klarar sig väl även i en investeringssvacka. Den nuvarande aktiekursen erbjuder ett bra förhållande mellan avkastning och risk, även om kortsiktiga kursrörelser kan variera. Valmets ledning behöver fortfarande visa vad de går för, men företagets långsiktiga utveckling skapar grunden för att värderingsmultiplarna ska närma sig nivåerna hos konkurrenterna. För en investerare kan detta vara ett lockande tillfälle. Om man ser framåt – är inte det här ganska billigt?

Just some small reflections…  I see strong growth potential in Valmet as orders begin to recover. The pulp sector is already on solid ground, with a billion-euro order expected in Q4. There are also potential orders from North America in the board sector, though some uncertainty remains in decision-making. Board orders are supported by increasing productivity and improved energy and water efficiency. Valmet’s business remains stable, even though the paper and pulp markets are in a downturn. Their strategy has proven effective. In my opinion, the current stock price doesn’t fully reflect this recovery, but as the market gains a better understanding, the valuation could improve.

Isa intervjuade analytikern Antti Viljakainen från Valmet.                   Inderes              Valmet Q3'24: Clarifying the tangle of profit warnings - Inderes    Time: 2024-11-12 09:46 When we discussed Valmet in the beginning of Oct, we used terms like: “There would have to happen a lot in order to reach the forecasts” and the fac that the bar, at that point, was high for H2 revenue and results. Now we know...                             Content: 00:00 Intro  00:09 Profit warning  01:58 Metsä Fibre  04:30 Q3  05:52 Expectations for the rest of the year

Valmets resultat för det tredje kvartalet var lägre än investerarnas förväntningar, och bolaget gav en negativ resultatvarning före rapporten. Den nya vd Thomas Hinnerskovs tid vid rodret började utmanande, då orderstocken försvagades och vissa kunder skjuter upp sina investeringar, särskilt inom kartong- och pappersteknologier. Även om Valmets tjänster och automationslösningar är stabila, har marknadens kortsiktiga utsikter försvagats, särskilt inom pappers- och tjänstesektorerna. Lönsamheten var dock på en bra nivå, och den kommande miljardordern från Brasilien kan stärka orderstocken. Hinnerskov betonar vikten av tillväxt inom Valmets stabila affärsområden, och trots att aktiens kortsiktiga drivkrafter har försvagats kan aktien fortfarande vara intressant för investerare på lång sikt. Hur ser ni på Valmets långsiktiga utveckling?

Valmet utfärdade en negativ resultatvarning, vilket var överraskande eftersom företaget fortfarande i juni hade höjt sin resultatprognos. Omsättningsprognosen förblir oförändrad, men resultatet förväntas inte längre öka. Marknaden för tjänster har utvecklats långsammare än förväntat, särskilt i EMEA-regionen och Asien, och efterfrågan på kartong- och pappersteknologier har varit svag. Dessutom har vissa kunder skjutit upp sina investeringsbeslut. Investerarna blev överraskade av varningen, och aktiekursen sjönk med nästan 7,8 %. Orderstocken är stark, och den stabila verksamheten utgör nu en betydligt större del av företagets order jämfört med för tio år sedan.                   Inderes              Valmet Oyj: Inside information, negative profit warning: Valmet estimates...    Inside information, negative profit warning: Valmet estimates that Comparable EBITA in 2024 will remain at the previous year's levelValmet Oyj's stock exchange release (inside information) on...                             Inside information, negative profit warning: Valmet estimates that Comparable EBITA in 2024 will remain at the previous year’s level Valmet Oyj’s stock exchange release (inside information) on October 11, 2024 at 4:05 p.m. EEST  Valmet changes its Comparable EBITA guidance for 2024. For net sales, the guidance remains unchanged. The services market has developed somewhat slower in EMEA, China and Asia-Pacific than Valmet earlier expected. Furthermore, the market activity in board and paper process technologies has been slower than earlier expected and some customers have postponed their final investment decisions. New guidance for 2024: Valmet estimates that net sales in 2024 will remain at the previous year’s level in comparison with 2023 (EUR 5,532 million) and Comparable EBITA in 2024 will remain at the previous year’s level in comparison with 2023 (EUR 619 million). Previous guidance for 2024, issued on June 13, 2024: Valmet estimates that net sales in 2024 will remain at the previous year’s level in comparison with 2023 (EUR 5,532 million) and Comparable EBITA in 2024 will increase in comparison with 2023 (EUR 619 million). Thomas Hinnerskov, President and CEO: “While we expect net sales and Comparable EBITA to remain at last year’s level in 2024, we are fully committed to continuing the journey towards reaching Valmet’s financial target of 12-14% Comparable EBITA.”

Vi pratade Valmet igår!                   Inderes              Valmet: Reasonably priced - Inderes    Time: 2024-10-03 12:40 Valmet announced a huge 1 BNEUR deal in Brazil. In the interview analyst Antti Viljakainen explains what this means for the company.

Intervju med Antti Viljakainen om Valmet                  Inderes              Valmet Q2’24: New orders increased - Inderes    Time: 2024-07-29 08:52 Valmet’s Q2 was neutral as a whole but since the result was weaker than expected, H2 needs to be strong for the company to reach its guidance. In the interview, analyst Antti Viljakainen comments on this, as well as the shorter...

Valmet

We find the overall picture of Valmet’s Q1 report neutral, even though there was strong discord in the businesses, especially in terms of orders and demand outlook. 


<p>We find the overall picture of Valmet&rsquo;s Q1 report neutral, even though there was strong discord in the businesses, especially in terms of orders and demand outlook. However, we prefer to see the glass as half full, as the stable businesses that are important for Valmet's result and value develop at least reasonably, which compensates for the headwind caused by the weakness of the device businesses' orders and order outlook, especially for next year. After the report, the decreases in earnings forecasts were minor at Group level. We believe that the upside in Valmet's low valuation and the good dividend yield of nearly 6% still generate a higher expected return than the required return on a one-year scope.</p>

	2023	24e	25e
Revenue	5,532.0	5,404.3	5,049.1
growth-%	9.03 %	-2.31 %	-6.57 %
EBIT (adj.)	598.0	599.4	597.9
EBIT-% (adj.)	10.81 %	11.09 %	11.84 %
EPS (adj.)	2.31	2.22	2.23
Dividend	1.35	1.40	1.45
Dividend %	5.17 %	6.48 %	6.72 %
P/E (adj.)	11.32	9.71	9.69
EV/EBITDA	8.35	6.87	6.47

The glass is half full

Valmet

Key Estimate Figures24/04

Valmet

Key Estimate Figures24/04

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