Inderes repeats reduce for Koskisen, target price EUR 9.00
Inderes repeats its reduce recommendation for the wood products company Koskisen and the target price of EUR 9.00.
ANNONS
The analysis states that Koskisen is expected to move from an intensive investment phase to a period of more profitable growth, while a recovery in the construction sector could lift results. The stock is considered fairly valued based on several valuation methods.
The company’s EV/EBITDA multiples for 2026 and 2027 are approximately 7 and 6 times, respectively, and the P/B ratio (2026e) is approximately 1.3 times.
"The multiples are within the ranges we have approved, which take into account the company’s estimated return on capital and risk profile," Inderes writes.
On the outlook, Inderes has the following to say: "Consequently, we expect Koskisen's earnings development, which turned upward last year, to continue to rise over the next few years. However, we have slightly lowered our estimates due to volume and cost pressure that is likely to arise this year as a result of the war in Iran".
Revenue is expected to grow by about 8 percent annually through 2028 and the EBITDA margin to rise from 8 to around 11 percent.
