OM:ITAB Debt to Equity as at Sep 2024
Simply Wall St Value Rating: ★★★★★★
Overview: OEM International AB (publ), together with its subsidiaries, provides products and systems for industrial applications, and has a market cap of SEK16.28 billion.
Operations: The company’s revenue primarily comes from Sweden (SEK 3.28 billion), followed by Denmark, Norway, the British Isles, and East Central Europe (SEK 1.20 billion), and Finland, the Baltic States, and China (SEK 1.05 billion). Segment adjustments contribute SEK 136.10 million to the overall revenue while eliminations reduce it by SEK 504.60 million.
OEM International has seen its debt to equity ratio drop from 29.7% to 2% over the past five years, indicating a stronger balance sheet. Despite trading at 61.3% below its estimated fair value, recent earnings growth was negative at -5.9%, underperforming the industry average of 1.3%. The company reported SEK 1,331 million in sales for Q2 2024 and SEK 139 million in net income, down from SEK 157 million a year ago, with basic EPS dropping to SEK 1.01 from SEK 1.13.
OM:OEM B Earnings and Revenue Growth as at Sep 2024
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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 OM:CRED A OM:ITAB and OM:OEM B.
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Publish date : 2024-09-29 19:20:00
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