OPINION CHANGE
CHANGE IN OPINION Buy vs Add
CHANGE IN EPS
2021 : € 0.76 vs 0.69 +9.44 %
2022 : € 0.85 vs 0.79 +8.28 %
Following a good set of H1 results, along with strong demand momentum and updated guidance, we have revised our estimates upwards. We now assume the FY21 revenue and EBITDA to be €1.35bn and €297m respectively, and estimate them to grow by 6.3% and 7.7% CAGR respectively over 2020-23. As a result, our EPS for FY21 and FY22 have been positively impacted.
29 Jul 2021
Opinion change, from Add to Buy (Cementir Holding)
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Opinion change, from Add to Buy (Cementir Holding)
- Published:
29 Jul 2021 -
Author:
Sejal Varshney -
Pages:
2
OPINION CHANGE
CHANGE IN OPINION Buy vs Add
CHANGE IN EPS
2021 : € 0.76 vs 0.69 +9.44 %
2022 : € 0.85 vs 0.79 +8.28 %
Following a good set of H1 results, along with strong demand momentum and updated guidance, we have revised our estimates upwards. We now assume the FY21 revenue and EBITDA to be €1.35bn and €297m respectively, and estimate them to grow by 6.3% and 7.7% CAGR respectively over 2020-23. As a result, our EPS for FY21 and FY22 have been positively impacted.