Added to YB: 2024-07-24
Pitch date: 2024-07-23
DANR.MI [bullish]
Danieli & C. Officine Meccaniche S.p.A.
+37.07%
current return
Author Info
Company Info
Danieli & C. Officine Meccaniche S.p.A. designs, builds, and sells plants for the iron and steel industry in Europe, Russia, the Middle East, the Americas, and South East Asia.
Market Cap
EUR 1.7B
Pitch Price
EUR 26.02
Price Target
N/A
Dividend
1.23%
EV/EBITDA
-0.98
P/E
7.75
EV/Sales
-0.09
Sector
Machinery
Category
value
A strategy made of hardened steel
DANR.MI: Italian steel plant maker & producer. 2 segments: Plant making (growing) & Steel making (declining). FY24 guidance: €4-4.3B rev, €400-430M EBITDA. Strong order book €6B. 71% mkt cap in cash. 9% ROE. Trades at 6.8x P/E, 0.6x P/S. Risks: EU energy prices, management changes. Bull case: decarbonization trend, attractive valuation. PT: 15x P/E
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