Added to YB: 2024-06-13
Pitch date: 2024-06-12
ELO.OL [bullish]
Elopak ASA
+42.7%
current return
Author Info
Company Info
Elopak ASA manufactures and supplies paper-based packaging solutions for liquid food in Europe, the Middle East, Africa, Asia, the Americas, and internationally.
Market Cap
NOK 815.2M
Pitch Price
NOK 34.62
Price Target
33.00 (-33%)
Dividend
4.18%
Sector
Containers and Packaging
Category
growth
Solid as a brick - Elopak ASA
ELO.OL: Elopak, packaging co. Bricks for food & non-food. Wood fiber main material. Q1 strong: rev growth, record margins. US growth +13% '23, new AR plant '25. MENA region booming. Debt ratio improving. ROE 22%, ROCE 17%. Ferd AS 52% owner. CEO ex-Tetra Pak. Peers: Tetra Pak, SIG, Greatview. Trades at P/E 12x, P/FCF 9x. Green bonds issued. PT: NOK 33 for 15x P/E. Uptrend since Nov '23. Risks: material prices, debt.
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