Professional
Added to YB: 2024-01-25
Pitch date: 2024-01-25
SCA-B.ST [bearish]
Svenska Cellulosa Aktiebolaget SCA (publ)
+5.14%
current return
Author Info
NINGI Research publishes research reports and notes on publicly traded companies in the US and Europe. The research is sector-agnostic and tends to be focused on forensic accounting. Sign up for the newsletter.
Company Info
Svenska Cellulosa Aktiebolaget SCA (publ), a forest products company, develops, manufactures, and sells forest, wood, pulp, and containerboard products in Sweden, the United States, Germany, the United Kingdom, rest of Europe, Asia, and internationally.
Market Cap
SEK 86.6B
Pitch Price
SEK 126.76
Price Target
N/A
Dividend
2.43%
EV/EBITDA
18.64
P/E
23.71
EV/Sales
4.38
Sector
Paper and Forest Products
Category
special_situation
[SHORT] RESEARCH REPORT: SVENSKA CELLULOSA AB SCA (SFB: SCA.B)
SCA-B.ST: Serious issues - undisclosed debt of SEK3.6-5.1B, EBITDA inflated by SEK6.2B non-cash gains since '19 (29% overstatement), implies net debt understatement of SEK7B & 3.3x debt/EBITDA. CFO resignation, odd GC changes, scandals, weak audit cmte, Lundberg control signal high risk.
Read full article (2 min)