18 Aug 2021
Zotefoams - Earnings Inflection Point
Zotefoams recently reported a strong set of interim results for H1 ‘21 with the stock at an interesting potential inflection point in our view. Robust industrial markets, aviation recovery from 2020 trough, auto volume recovery in 2022, supply chain challenges now reflected in earnings and low capacity utilisation currently suggest to us that medium term earnings power of the Zotefoams business is materially above current levels. While valuation accounts for some growth, it does not adequately ....
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Zotefoams - Earnings Inflection Point
Zotefoams plc (ZTF:LON) | 391 11.7 0.8% | Mkt Cap: 191.0m
- Published:
18 Aug 2021 -
Author:
Andrew Simms | Philip Modu -
Pages:
11
Zotefoams recently reported a strong set of interim results for H1 ‘21 with the stock at an interesting potential inflection point in our view. Robust industrial markets, aviation recovery from 2020 trough, auto volume recovery in 2022, supply chain challenges now reflected in earnings and low capacity utilisation currently suggest to us that medium term earnings power of the Zotefoams business is materially above current levels. While valuation accounts for some growth, it does not adequately ....