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DE0006200108
Mon, 18.11.2024
INDUS Holding AG
Company Name:
INDUS Holding AG
ISIN:
DE0006200108
Reason for the research:
Update Q3 2024
Recommendation:
Buy
from:
18.11.2024
Target price:
34.30
Target price on sight of:
12 month
Last rating change:
no change
Analyst:
Daniel Großjohann, Thomas Schießle
2024 guidance after Q3 confirmed in key points, public share [ … ]
Wed, 13.11.2024
INDUS Holding AG
Company Name:
INDUS Holding AG
ISIN:
DE0006200108
Reason for the research:
Update
Recommendation:
Buy
from:
13.11.2024
Target price:
EUR 34.00
Target price on sight of:
12 months
Last rating change:
Analyst:
Christian Sandherr
Final Q3 results out // 2nd buyback offer announced; chg. est.
Topic: INDUS released its final Q3 nu [ … ]
Mon, 04.11.2024
INDUS Holding AG
Company Name:
INDUS Holding AG
ISIN:
DE0006200108
Reason for the research:
Update
Recommendation:
Buy
from:
04.11.2024
Target price:
EUR 34.00
Target price on sight of:
12 months
Last rating change:
Analyst:
Christian Sandherr
Case fully intact despite PW; chg. est.
Topic: On Thursday, INDUS released its preliminary Q3 sales [ … ]
Wed, 15.05.2024
INDUS Holding AG
Mixed Q1 results // strong FCF generation; chg. est.
Topic: INDUS reported a mixed Q1 with sales below but EBIT above estimates
as well as strong free cashflow supported by a lower seasonal working
capital increase.
Q1 sales decreased by 9% yoy to € 410m (eNuW: € 434m) due to customers’
current reluctance to buy and spend as a [ … ]
Fri, 22.03.2024
INDUS Holding AG
Strong FCF supports further growth; chg.
Topic: INDUS reported solid FY23 figures especially in light of the
currently challenging macro environment. Results are in line with the
preliminary numbers and FY23 guidance. Further, INDUS had its capital
markets day yesterday in Frankfurt. Here are the key takeaways:
FY23 sales came in at € 1. [ … ]
Fri, 15.03.2024
INDUS Holding AG
Bolt-on acquisitions into global megatrends; chg.
Topic: INDUS successfully completed the share repurchase program announced
on February 21st. Further, the German conglomerate expanded their portfolio
in the field of infrastructure networks and AI-based industrial automation.
Share buyback at an attractive price: During the period from Februa [ … ]
Thu, 22.02.2024
INDUS Holding AG
Solid FY23 prelims // focus on strong FCF & share buyback; chg.
Topic: While prelim. FY23 sales and EBIT came in largely as expected, the
strong FCF generation of € 190m is well above expectations. On top, INDUS
announced a 4.1% share buyback at € 23.
Preliminary FY23 sales remained stable yoy at € 1.80bn (eNuW: € 1.82 [ … ]
Wed, 17.01.2024
INDUS Holding AG
Another promising year for INDUS
Topic: While INDUS should experience some margin pressure in 2024e, the
EBIT margin is still seen to come in at 8.0%, which is the highest
operating margin since 2017. With an appealing dividend yield of 5.5%
(eNuW) and an attractive valuation of only 4.6x EV/EBITDA, the stock
remains a buy.
Normalizing margin [ … ]
Mon, 20.11.2023
INDUS Holding AG
RS feedback: Strong free cashflows to support new investments
Topic: On Friday, we hosted a digital roadshow with the CEO of INDUS. Here
are the key takeaways:
Free cashflow from continuing operations more than quadrupled yoy with €
106.1m at 9M 2023 (9M 2022: € 22.2m). Going forward, management aims to
further reduce the working ca [ … ]
Wed, 15.11.2023
INDUS Holding AG
Mixed Q3, Infrastructure affected by weak economy; chg. est.
Topic: INDUS reported mixed results for Q3 with sales above but margins
below estimates. Management cut the guidance to adjust for a soft
construction sector, which is still impacted by a weaker economic
environment.
Q3 sales grew by 0.2% yoy to € 460m (eNuW: € 446m) as En [ … ]