Added to YB: 2024-08-22
Pitch date: 2024-08-20
DWL.L [bullish]
Dowlais Group plc
+41.7%
current return
Author Info
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Company Info
Dowlais Group plc manufactures and sells automotive parts in the United Kingdom, Rest of Europe, North America, South America, Asia, and Africa.
Market Cap
GBP 1.0B
Pitch Price
GBP 0.59
Price Target
N/A
Dividend
5.28%
EV/EBITDA
5.41
P/E
-12.39
EV/Sales
0.53
Sector
Automobile Components
Category
turnaround
Dowlais: Spinning Wheels?
DWL.L: H1-24 results disappoint: rev -9% to £2.57bn, EBITDA -8% to £291m, FCF -70% to £10m due to EV slowdown. FY24 guidance lowered: mid-high single-digit rev decline, 6-7% margin. Positives: GKN Hydrogen disposal saves £15m/yr, strategic review of PowderMet could unlock value. Key catalyst materializing.
Read full article (2 min)