Kendrion (KENDR NA) Netherlands
Consumer Discretionary
The company has presented several mid-term strategic plans over the years, however, in virtually all cases the targets set were not achieved, so, why should an investor be enthusiastic this time? Analysts at the IDEA! argue that after having divested most of its automotive activities, the odds of KENDR realising its latest goals have increased strongly. Furthermore, even if history does repeat itself, at the current share price, the stock looks attractive. They see fair value at €17.15 (40% upside). If KENDR fails in growing revenue and improving profitability, the IDEA! expects the company to be delisted by means of a takeover and based on its current balance sheet an offer price would be significantly ahead of the €12.20 it trades at today.
Edition: 195
- 20 September, 2024