Latest news with #AlexanderSagel
Reuters
14-05-2025
- Automotive
- Reuters
Renk, Steyr set to step up production as Europe's arms spending fills order books
May 14 (Reuters) - Growing military spending in Europe drove double-digit sales growth for Rheinmetall suppliers Renk ( opens new tab and Steyr Motors ( opens new tab in the first quarter and filled out their order books for coming quarters. Their bloated order pipelines are similar to many defence sector peers that have been reporting solid results while flagging rising backlogs, as European governments scramble to increase defence budgets after decades of under-investment. Renk's and Steyr's piles of orders stand between four and five times their expected revenue this year, according to an LSEG poll of analysts. Renk CEO Alexander Sagel told Reuters that the German gearbox maker can digest the order backlog by changing the shift model at its main plant in Augsburg, rebuilding assembly lines to allow more flexibility and adjusting production at its European factories. "We do not need to build any new plant anywhere in the world, at least for the European market," Sagel said. LBBW analyst Stefan Maichl told Reuters that Renk's order backlog supported its growth ambitions and made planning for the future more secure. Renk, which makes gearboxes for Leopard 2 tanks and transmissions for Bradley fighting vehicles, reported a 14% rise in its quarterly revenue. Its smaller Austrian peer Steyr, which supplies engines to BAE Systems (BAES.L), opens new tab and the U.S. Navy Seals, saw its revenue grow by 26%. "We are in the ramp-up phase in order to work off the high order backlog. At the same time, we are continuing to see dynamic demand," Steyr CEO Julian Cassutti said in an earnings statement. Both companies confirmed their forecasts for the full year. Their Frankfurt-listed shares have more than tripled in value this year, as Western nations buy supplies to help Ukraine fight Russia's invasion and strengthen their own capabilities amid fears of waning protection from the United States. ($1 = 0.8918 euros)
14-02-2025
- Automotive
3 Stocks Estimated To Be Trading At Discounts Of Up To 49.5%
Amid recent fluctuations in global markets, driven by tariff uncertainties and mixed economic data, investors are increasingly focused on identifying opportunities that may offer value. In this environment, stocks perceived as undervalued can present potential for growth when their market prices do not fully reflect their intrinsic worth. Name Current Price Fair Value (Est) Discount (Est) DIP (TSE:2379) ¥2275.00 ¥4529.30 49.8% Atour Lifestyle Holdings (NasdaqGS:ATAT) US$29.57 US$58.94 49.8% Biotage (OM:BIOT) SEK138.70 SEK273.61 49.3% People & Technology (KOSDAQ:A137400) ₩41400.00 ₩81928.41 49.5% Solum (KOSE:A248070) ₩17570.00 ₩34836.48 49.6% Guangdong Fenghua Advanced Technology (Holding) (SZSE:000636) CN¥15.19 CN¥29.99 49.3% Canatu Oyj (HLSE:CANATU) €12.50 €24.79 49.6% RENK Group (DB:R3NK) €24.94 €49.37 49.5% Marcus & Millichap (NYSE:MMI) US$37.27 US$73.76 49.5% Kyndryl Holdings (NYSE:KD) US$41.54 US$82.14 49.4% Click here to see the full list of 906 stocks from our Undervalued Stocks Based On Cash Flows screener. Let's dive into some prime choices out of the screener. Overview: RENK Group AG specializes in the design, engineering, production, testing, and servicing of customized drive systems both in Germany and internationally, with a market cap of €2.39 billion. Operations: The company's revenue segments include the M&I Segment with €315.97 million, the VMS Segment with €631.93 million, and the Slide Bearings Segment with €119.59 million. Estimated Discount To Fair Value: 49.5% RENK Group is trading at €24.94, significantly below its estimated fair value of €49.37, indicating a potential undervaluation based on cash flows. Despite recent profit margin declines from 3.1% to 1.9%, the company's earnings are expected to grow by over 38% annually, outpacing the German market's growth rate of 19.2%. However, interest payments remain insufficiently covered by earnings, and leadership changes may impact future performance stability with Dr. Alexander Sagel taking over as CEO in February 2025. According our earnings growth report, there's an indication that RENK Group might be ready to expand. Click here to discover the nuances of RENK Group with our detailed financial health report. Overview: Nanya Technology Corporation is involved in the research, development, manufacturing, and sale of semiconductor products across various countries including Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, and Poland with a market cap of approximately NT$94.97 billion. Operations: Nanya Technology Corporation generates revenue through its semiconductor products business, serving markets in Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, Poland and beyond. Estimated Discount To Fair Value: 26.3% Nanya Technology is trading at NT$30.65, significantly below its estimated fair value of NT$41.58, highlighting potential undervaluation based on cash flows. Despite a volatile share price and recent quarterly sales decline to TWD 6.58 billion from TWD 8.70 billion, annual sales rose to TWD 34.13 billion from TWD 29.89 billion year-over-year, with net losses narrowing to TWD 5.08 billion from TWD 7.44 billion, reflecting improving financial health and future profitability prospects within three years. Our earnings growth report unveils the potential for significant increases in Nanya Technology's future results. Click here and access our complete balance sheet health report to understand the dynamics of Nanya Technology. Overview: Dino Polska S.A. operates a network of mid-sized grocery supermarkets under the Dino brand in Poland, with a market cap of PLN46.40 billion. Operations: Revenue Segments (in millions of PLN): Dino Polska's revenue is primarily generated through its network of mid-sized grocery supermarkets across Poland. Estimated Discount To Fair Value: 40.4% Dino Polska is trading at PLN473.3, significantly below its estimated fair value of PLN794.54, indicating potential undervaluation based on cash flows. Earnings have grown 25.7% annually over the past five years and are forecast to grow 18.38% per year, outpacing the Polish market's growth rate of 15.3%. Additionally, revenue growth is projected at 13.7% annually, exceeding the market average of 4.8%, supporting a positive investment outlook despite modest profit growth forecasts. The growth report we've compiled suggests that Dino Polska's future prospects could be on the up. Delve into the full analysis health report here for a deeper understanding of Dino Polska. Click through to start exploring the rest of the 903 Undervalued Stocks Based On Cash Flows now. Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments. Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include DB:R3NK TWSE:2408 and WSE:DNP. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
