Finnish truck crane manufacturer Hiab recently became an independent listed company through a split from the engineering conglomerate Cargotec, of which Hiab was previously a part. Hiab appears to be a high-quality company. At the same time, its valuation is low compared to similar companies in Sweden. This was reported by Affärsvärlden in an analysis on Friday.
In its main scenario, the magazine sees a potential of 24 percent for the share over the next couple of years.
Affärsvärlden's conclusion is that Hiab appears to be a stock worth buying.
Hiab Oyj (formerly Cargotec Oyj) is the world leader in the design, manufacturing, and sale of container handling and load handling equipment. The group offers crane rails and mounts, winches, cranes, lift trucks, movable merchandise transport systems, grapple loaders, etc.
Net sales break down by source of income into sales of products (71.9%), and services (28.1%; including installation and maintenance services).
Net sales are distributed geographically as follows: Finland (2.6%), Europe/Middle East/Africa (46.2%), the United States and Canada (41.6%), Americas (3%) and Asia/Pacific (6.6%).
This super rating is the result of a weighted average of the rankings based on the following ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
