Summary

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.

● The stock, which is currently worth 2020 to 0.47 times its sales, is clearly overvalued in comparison with peers.

● With a P/E ratio at 10.68 for the current year and 8.53 for next year, earnings multiples are highly attractive compared with competitors.


Weaknesses

● The company sustains low margins.

● For the past year, analysts have significantly revised downwards their profit estimates.

● The technical configuration over the long term remains negative on the weekly chart below the resistance level at 22.5 EUR