Professional
Added to YB: 2024-10-21
Pitch date: 2024-10-16
DAN.MI [bullish]
Danieli & C. Officine Meccaniche S.p.A.
+94.02%
current return
Author Info
No bio for this author
Company Info
Danieli & C. Officine Meccaniche S.p.A. designs, builds, and sells plants for the iron and steel industry in Europe, Russia, the Middle East, the Americas, and South East Asia.
Market Cap
EUR 1.7B
Pitch Price
EUR 26.39
Price Target
N/A
Dividend
1.23%
EV/EBITDA
-0.98
P/E
7.75
EV/Sales
-0.09
Sector
Machinery
Category
growth
Palm Harbour Capital Portfolio Holding: Danieli & C. Officine Meccaniche S.p.A.
DAN.MI: Steel plant maker & producer. Plant making rev +17%, EBITDA +25%. Steel making rev -13%, EBITDA -56% on energy costs. Targeting volume increase. Chinese exports threat, but EU protection likely. Plant making division has 2yr backlog, benefiting from steel industry greening - multi-decade tailwind.
Read full article (1 min)