Category

Earnings Alerts

Adyen BV (ADYEN) Earnings Soar with EU438M in 1Q Net Revenue and Strong Growth in Processed Volume

By | Earnings Alerts

• Adyen’s net revenue for the first quarter was EU 438 million.

• The company’s processed volumes hit EU 297.8 billion in this period.

• Adyen added 26 new joiners in the 1Q.

• Growth for this period largely came from existing customers, contributing over 80% to this period’s growth, with less than 1% of the volume churn.

• North America was Adyen’s fastest-growing region during this timeframe.

• The Digital processed volume increased by 51% Year-Over-Year (YOY).

• Moreover, Unified Commerce processed volume experienced a 30% annual growth.

• Platforms processed volume raised by 55% YOY. Showing a marked growth, the Platforms volume excluding eBay, surged by 116% YOY.

• Adyen maintained its financial objectives steady despite the challenging times.

• The company received 26 buy recommendations, 10 holds, and 2 sells from brokers.


A look at Adyen BV Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth4
Resilience5
Momentum5
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Adyen BV, a payment solutions provider, shows a promising long-term outlook based on its Smartkarma Smart Scores. With a strong focus on growth, resilience, and momentum, Adyen BV scores high on these key factors. The company’s platform facilitates online, mobile, and point-of-sale payment processing for merchants globally, offering a wide range of payment methods. While its value and dividend scores are not as high, the impressive scores in growth, resilience, and momentum suggest a positive trajectory for Adyen BV in the long run.

Adyen BV‘s Smartkarma Smart Scores reveal a company well-positioned for continued success in the payment solutions industry. Its emphasis on growth, resilience, and momentum, coupled with a global customer base, bodes well for its future performance. As Adyen BV continues to innovate and expand its payment processing capabilities, investors may find the company to be a compelling choice for long-term investment opportunities.


Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Pernod Ricard Sa (RI) Earnings: 3Q Organic Sales Fall Short, Aims for Improvement in 4Q

By | Earnings Alerts
  • Pernod Ricard’s Q3 organic sales showed no growth, missing the estimated rise of 2.82%
  • In the Americas, organic sales decreased by 7%, against the estimated decrease of 3.71%
  • Asia and the Rest of World saw organic sales increasing by 8%, but lower than the estimated 9.23%
  • Europe faced a slump in organic sales by 6%, double the estimated decrease of 2.97%
  • Foreign exchange impact was -5%, worse than the estimated impact of -4.01%
  • Sales in Europe were EU2.35 billion, down by 1.8% from the previous year, and short of the estimated EU2.48 billion
  • Americas saw sales of EU714 million, a drop of 4.5% from the previous year, and below the estimated EU784.9 million
  • Asia and the rest of the world reported sales of EU1.02 billion, a rise of 2% from the previous year, but fell short of the estimated EU1.06 billion
  • European sales were at EU617 million, a decrease of 4.6% from the previous year, and below the estimated EU 628.8 million
  • Nine-month results show an interim dividend per share of EU2.35
  • For the year, the company sees about 1% growth in profit from recurring operations, with an estimated growth of 0.77%
  • Expectations for Q4 net sales are dynamic, showing improvement over 9-month results, and leading to broadly stable FY organic net sales
  • The company expects to continue investing in strategic inventories at a similar level to FY23 and increasing spending on Capex to around €800m
  • Added expectation of negative FX impact partially offset by perimeter effect in FY24
  • Predicts FY free cash flow will reflect lower profit from recurring operations and an increase in strategic investments
  • The company plans to complete around €300m share buyback in FY, with about €150m completed in the first half
  • Company remains confident in a medium-term framework of 4% to 7% top line growth, leaning towards the upper end of the range

A look at Pernod Ricard Sa Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth4
Resilience3
Momentum3
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma’s Smart Scores, Pernod Ricard SA, a company that produces wines and spirits globally, shows a promising long-term outlook. With a Value score of 3, it indicates that the company is considered moderately valued relative to its peers. Additionally, Pernod Ricard scores a 4 in both Dividend and Growth, highlighting strong performance in providing dividends and potential for future growth. The Resilience and Momentum scores are at a decent level of 3, indicating stability and solid market performance.

Overall, Pernod Ricard SA seems well-positioned for the future based on the Smart Scores analysis. With a good balance across key factors such as Dividend, Growth, as well as Resilience and Momentum, the company appears to have a positive trajectory ahead in the competitive wines and spirits market.


Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Earnings Update: Teck Resources (TECK/B) 1Q Revenue Falls Short of Estimates

By | Earnings Alerts

Teck Resources records a lower than projected Revenue in the first quarter, with a total of C$3.99 billion against the estimated C$4.1 billion.

• Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is also lower than expected, coming in at C$1.69 billion compared to the estimate of C$1.74 billion.

• The market sentiment towards Teck Resources among analysts is primarily positive, with 17 “buy” ratings. However, 1 analyst has given a “hold” rating and 2 have issued “sell” ratings.


A look at Teck Resources Smart Scores

FactorScoreMagnitude
Value4
Dividend2
Growth5
Resilience2
Momentum4
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Teck Resources Ltd., an integrated natural resource group, has seen a positive long-term outlook based on their Smartkarma Smart Scores. With a strong emphasis on growth and value, Teck Resources received high scores in these areas, indicating promising future prospects for the company. Their operations in mining zinc, copper, molybdenum, gold, and metallurgical coal across various countries position them well for sustainable growth.

However, the company’s lower scores in dividend and resilience suggest areas that may require attention to further improve their overall performance. Despite these challenges, the momentum score of 4 reflects the company’s current positive trajectory. Overall, with a strategic focus on growth and value, Teck Resources appears to be poised for success in the long run.


Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Swedbank AB (SWEDA) Earnings: 1Q Net Interest Income Misses Estimates Despite Profit Rise

By | Earnings Alerts
  • Swedbank’s net interest income for the first quarter landed at SEK12.60 billion, falling short of the estimate of SEK12.81 billion.
  • The bank achieved a higher-than-predicted net fee & commission income, recording SEK3.98 billion as against the estimated SEK3.8 billion.
  • Total income matched the estimated SEK18.09 billion.
  • Impairments on credit loans were significantly less than expected – SEK144 million compared to an estimate of SEK517.2 million.
  • Total expenses for the period stood at SEK6.19 billion, coming in below the estimated SEK6.24 billion.
  • Swedbank’s profit before impairments, Swedish bank tax, and resolution fees outperformed expectations, totaling SEK11.90 billion against the SEK11.88 billion estimate.
  • The bank’s common equity Tier 1 ratio was 19.3%, slightly below the estimated 19.4%.
  • Gross stage 3 ratio, which measures the quality of a bank’s credit portfolio, increased to 0.52%, going over the 0.43% estimate based on two estimates.
  • Earnings per share (EPS) amounted to SEK7.47, exceeding the SEK7.24 estimation.
  • The financial condition of Swedbank drew mixed appraisals, resulting in 13 buys, 9 holds, and 3 sells.

A look at Swedbank AB Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth5
Resilience2
Momentum4
OVERALL SMART SCORE4.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Swedbank AB, a financial institution offering a range of services including retail banking, asset management, and more, has received positive Smart Scores across the board. With strong ratings in Dividend and Growth, the company is positioned well for long-term success. Its high Value score indicates solid financial health and attractive investment potential, while the Momentum score suggests a positive trend in the company’s performance.

Despite a lower score in Resilience, Swedbank AB‘s overall outlook appears promising. Investors may find the combination of strong dividends, robust growth prospects, and solid value metrics appealing. With a diverse range of financial services on offer, the company seems well-positioned to navigate market challenges and capitalize on future opportunities.


Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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BNP Paribas Earnings Review: 1Q FICC Sales & Trading Revenue Misses Estimates Amid Positive Outlook

By | Earnings Alerts

BNP Paribas 1Q net income came in at EU3.10 billion, down 30% year-on-year, surpassing an estimate of EU2.48 billion

• Revenue grew by 3.7% year-on-year to EU12.48 billion, slightly higher than the estimated EU12.23 billion

• Corporate and Institutional Banking (CIB) revenue amounted to EU4.68 billion, down by 4% year-on-year, beating an estimate of EU4.66 billion

• Global Markets revenue amounted to EU2.44 billion, constituting a year-on-year drop of 12%, and came shy of the estimate of EU2.5 billion

• Fixed Income, Currencies, and Commodities (FICC) sales and trading revenue was reported at EU1.60 billion, 20% lower than last year and below the estimated EU1.74 billion

• Equity and Prime Services revenue rose by 11% from last year to EU830 million, surpassing the estimated EU793.5 million

• Investment and Protection Services revenue edged up by 0.8% year-on-year to EU1.42 billion, slightly below the estimated EU1.45 billion

• The common equity Tier 1 ratio was 13.1%, slightly lower than the estimated 13.2%

• Return on Tangible Equity was reported at +12.4% versus +14.1% year-on-year

• Pre-tax income surged by 84% from last year to EU4.36 billion, significantly higher than the estimated EU3.5 billion

• Provision for loan losses amounted to EU640 million, up by 8.1% from last year, but lower than the estimated EU858 million

• The Cost to Income Ratio was reported at 63.6%, lower than last year’s 76.4% and the estimated 66.2%

• Non-interest expenses dropped by 14% from the previous year to EU7.94 billion, below the estimated EU8.15 billion

BNP Paribas expects FY revenue to be more than 2% higher than 2023 distributable revenue

• The bank anticipates a positive jaws effect for FY

• It also forecasts a FY cost of risk below 40 basis points

• The bank still anticipates FY net income to be higher than 2023 distributable net income

• It also continues to see a 2025 cost of risk below 40 basis points.


A look at BNP Paribas Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE3.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

BNP Paribas, a multinational bank, has received a mix of Smart Scores across different factors. With a strong focus on dividends, the company has been rated the highest score of 5, indicating a favorable outlook for dividend payouts. Additionally, BNP Paribas also scores well in value and growth categories, receiving scores of 4 in both areas, signifying a solid performance in terms of value and growth potential. Momentum is another positive factor for the company, with a score of 4 suggesting a good trend in the company’s market performance.

However, BNP Paribas faces a challenge in the resilience aspect, as it has been rated a score of 2, indicating some vulnerabilities in this area. Despite this, the overall outlook for BNP Paribas appears bright, with strong scores in dividend, value, growth, and momentum, showcasing the company’s potential for long-term success in the banking sector.

Summary: BNP Paribas S.A. is a leading bank offering a wide range of banking services, asset management, and investment advisory services to clients across Europe, the United States, Asia, and Emerging Markets.


Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Tokyo Gas (9531) Earnings: FY Operating Income and Net Sales Forecast Misses Estimates

By | Earnings Alerts

Tokyo Gas‘ operating income forecast for the fiscal year is 113.00 billion yen, lower than the estimated 155.39 billion yen.

• The net income forecast is also less than estimated at 80.00 billion yen instead of 106.41 billion yen.

Tokyo Gas predicts net sales to reach 2.64 trillion yen, short of the predicted 2.78 trillion yen.

• The dividend is considered to be 70.00 yen, which is slightly less than the estimated 71.00 yen.

• As for the fourth-quarter results, the operating income stands at 57.44 billion yen, a significant decrease of 69% year-on-year, yet it surpassed the estimated 23.57 billion yen.

• The net income for the fourth quarter is 54.38 billion yen, falling 52% year-on-year, but still beating the 36.52 billion yen estimate.

• The net sales during the fourth quarter amounted to 761.90 billion yen, showing a 23% decrease compared to the previous year, and fell short of the estimated 885.94 billion yen.

• At this point, there are zero buys, five holds, and zero sells on Tokyo Gas‘ stocks.

• The comparison of predictions and outcomes is based on the values reported by the company in its original disclosures.


A look at Tokyo Gas Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth5
Resilience2
Momentum4
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Smartkarma’s Smart Scores provide an optimistic long-term outlook for Tokyo Gas. With a strong score of 5 in Growth, the company is expected to experience significant expansion and development in the future. This indicates potential for increased profitability and market presence over time. Additionally, Tokyo Gas received high scores in Value and Momentum, showing that the company is positioned well for potential growth and has positive market momentum supporting its future prospects.

However, Tokyo Gas lags in Resilience with a score of 2, suggesting that the company may face some challenges in terms of withstanding economic downturns or unforeseen events. Despite this, with solid scores in other key areas like Dividend and overall positive outlook in Growth and Momentum, Tokyo Gas appears to be a promising investment option with good potential for long-term success.


Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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LG Electronics (066570) Earnings: 1Q Net Misses Estimates, Unveiling Operating Profit and Sales Figures

By | Earnings Alerts
  • LG Electronics missed net estimates for 1Q, recording 474.8 billion won instead of the estimated 669.87 billion won.
  • The reported operating profit for the company stands at 1.34 trillion won.
  • LG Electronics sales totalled at 21.10 trillion won.
  • As per current ratings, LG Electronics has received 27 buy recommendations, 4 hold recommendations, and zero sell recommendations.

A look at LG Electronics Smart Scores

FactorScoreMagnitude
Value4
Dividend2
Growth3
Resilience3
Momentum3
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

LG Electronics Inc., known for its wide range of digital display equipment and home appliances, has received a promising overall outlook based on the Smartkarma Smart Scores. While the company’s Value score is high at 4, indicating a good value perspective, its Dividend score lags behind at 2. On the growth front, LG Electronics has scored a respectable 3, highlighting moderate growth potential. Additionally, the company has demonstrated resilience with a score of 3 and maintained a decent momentum score of 3 as well.

Given LG Electronics‘ strong value proposition and moderate growth prospects, investors may view the company as a solid long-term investment opportunity. Despite the lower dividend score, the company’s diverse product portfolio, including flat panel televisions, home appliances, and telecommunications equipment like smartphones and tablets, positions it well for sustained growth and market presence in the years to come.


Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Dassault Systemes 1Q Non-IFRS Earnings: Highlights and In-depth Analysis On Estimates Hit and Misses

By | Earnings Alerts
  • Dassault Systemes’ 1Q Non-IFRS revenue, at constant currencies, increased by 6%, which was lower than the estimated increase of 7.6%
  • Non-IFRS EPS was EU0.30 compared to the previous year’s EU0.28, beating the estimated EU0.29
  • The company’s Non-IFRS net was EU397.2 million, a year-on-year increase of 8%, exceeding the estimate of EU383.1 million
  • Non-IFRS operating margin was 31.1%, slightly higher than the previous year’s and also higher than the estimated 30.7%
  • Non-IFRS operating income amounting to EU466.5 million, marked a year-on-year growth of 4.9%, surpassing the estimate
  • Non-IFRS revenue was EU1.50 billion, a year-on-year increase of 4.6%, though lower than the estimated EU1.51 billion
  • Non-IFRS Software revenue was on par with the estimated EU1.35 billion, reflecting a growth of 5% compared to the previous year
  • Non-IFRS licenses and other software revenue increased by 3.6% year-on-year to EU218.5 million, significantly higher than the estimated EU205.7 million
  • Non-IFRS services revenue saw a minimal increase of 0.5% year-on-year to EU146.8 million, lower than the estimate of EU149.5 million
  • Non-IFRS Industrial Innovation software revenue increased by 6.8% year-on-year to EU731.4 million, but missed the estimate of EU771.7 million
  • Non-IFRS Mainstream Innovation software revenue rose by 8.6% year-on-year to EU336.7 million, exceeding the estimate
  • Cash provided by operating activities declined by 14% year-on-year to EU670.9 million, missing the estimated EU748.1 million
  • For the second quarter, Dassault Systemes predicts a non-IFRS operating margin of 31.3% to 31.5%, non-IFRS EPS growth of 8% to 10%, non-IFRS revenue of EU1.53 billion to EU1.56 billion, and non-IFRS EPS at constant FX growth of 10% to 12%
  • The company expects the year 2024 to be ‘back-end loaded’

A look at Dassault Systemes Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience4
Momentum3
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Looking at the Smartkarma Smart Scores for Dassault Systemes, the company seems to have a positive long-term outlook. With a Growth score of 4 and a Resilience score of 4, Dassault Systemes appears to be well-positioned for future expansion and able to weather potential challenges. The company’s Momentum score of 3 indicates a decent performance trend, showing some positive market support. Although the Value and Dividend scores are both at 2, suggesting moderate ratings in these areas, the overall picture painted by the Smart Scores points towards a promising trajectory for Dassault Systemes in the software industry.

Dassault Systemes operates in the software sector, providing a 3Dexperience platform for creating new products and services through virtual experiences. Serving a diverse range of industries such as aerospace, construction, healthcare, and energy, the company’s innovative approach caters to a broad market spectrum. With its Smartkarma Smart Scores highlighting strengths in growth potential and resilience, Dassault Systemes appears to be on a stable growth path with the capacity to adapt to changing market conditions, which may bode well for its long-term outlook.


Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Holcim (HOLN) Earnings: 1Q Recurring Ebit Surpasses Expectations Amid Unstable Organic Sales

By | Earnings Alerts
  • Holcim’s first quarter recurring Ebit was CHF532 million, an increase of 7.9% from the previous year, which beat estimates of CHF501.9 million.
  • The recurring Ebit for Europe was CHF116 million, a 20% increase from the previous year, surpassing estimates of CHF98 million.
  • In contrast, North America’s recurring Ebit was CHF35 million, a decrease of 2.8% from the previous year, marginally below estimates of CHF37.1 million.
  • Latin America’s recurring Ebit was CHF252 million, marking a 3.7% increase from the previous year and beating estimates of CHF237.2 million.
  • The recurring Ebit for Asia, the Middle East, and Africa (AMEA) was CHF180 million.
  • Total sales were CHF5.59 billion, down 2.4% from the previous year and slightly lower than the estimated CHF5.64 billion.
  • European sales stood at CHF1.6 billion, 5.5% lower from the previous year and matching the estimated amount.
  • North American revenue was CHF1.13 billion, a 5.7% decrease from the previous year and slightly under the estimated CHF1.15 billion.
  • Latin American revenue was CHF691 million, a 0.7% increase from the previous year, surpassing the estimated CHF668.9 million.
  • AMEA brought in net sales of CHF874 million, marking a 14% decrease from the previous year.
  • The organic sales remained stagnant at 0%, falling short of the estimated growth of 1.76%.
  • Still, Holcim forecasts the organic sales above +4%, beating the estimated +3.65%, for the full year.
  • The company also maintains its projection for a recurring Ebit margin of 18%, matching the estimated projection.
  • Also worth noting is that Holcim currently holds 13 buys, 10 holds, and 2 sells.

Holcim on Smartkarma

Analysts on Smartkarma, like Jesus Rodriguez Aguilar, are bullish on Holcim as the company plans to spin off and list its North American business in the US. This move is expected to be value accretive and could result in a 25.7% upside. Despite lagging behind competitors in share price performance since the Holcim/Lafarge merger, the announcement of the spin-off on 29 January has generated optimism among investors. The infrastructure and housing sectors in the US have contributed to higher valuations compared to European counterparts, with the potential for significant value creation from this strategic decision.

Jesus Rodriguez Aguilar‘s research report titled “Value from US Spin-Off” emphasizes the potential benefits of this strategic move by Holcim. With a fair value estimate of CHF 84.47/share, representing a considerable upside, investors are closely watching the developments surrounding the spin-off. The higher valuation multiples in the US market compared to Europe indicate a positive outlook for Holcim’s North American business post-spin-off. This analysis highlights the growth prospects and value creation opportunities that this strategic decision could unlock for Holcim and its shareholders.


A look at Holcim Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth4
Resilience3
Momentum5
OVERALL SMART SCORE4.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Holcim shows a positive long-term outlook. With strong scores in Value, Dividend, and Growth, the company is positioned well for future growth and potential returns for investors. Additionally, its high Momentum score suggests that Holcim is currently in a strong position in the market. While its Resilience score is slightly lower, overall, Holcim’s smart scores indicate a promising future ahead.

Holcim Ltd., a company providing building materials worldwide, has garnered impressive scores across various factors. With a notable focus on value, dividend, and growth, Holcim demonstrates a solid foundation for continued success in the industry. Moreover, its momentum score indicates strong market performance, highlighting the company’s current strength. Although resilience is rated slightly lower, Holcim’s overall outlook appears robust, positioning it well for long-term sustainability and growth.


Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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BASF 1Q Earnings Surpass Estimates: Comprehensive Analysis of Robust Adjusted Ebitda and FY Forecast Affirmation

By | Earnings Alerts

BASF 1Q Adjusted Ebitda was EU2.71 billion, marking a decrease of 5.3% compared to the previous year’s first quarter. The result was better than the estimated EU2.56 billion.

• The company’s Adjusted Ebit was EU1.75 billion, a decrease of 9.2% year-on-year, surpassing the estimated EU1.54 billion.

• Sales for BASF amounted to EU17.55 billion, showing a decrease of 12% year-on-year. This figure was lower than the estimated EU18.4 billion.

• Chemicals revenue hit EU2.76 billion, recording a decrease of 2.4% year-on-year, closely matching the estimated EU2.79 billion.

• Materials sales summed up to EU3.44 billion, registering a decrease of 10% year-on-year, which was lower than the estimated EU3.66 billion.

• Industrial Solutions sales were EU2.06 billion, a decrease of 4% year-on-year, slightly under the estimated EU2.08 billion.

• Surface Technologies sales saw a decrease of 27% year-on-year totaling EU3.35 billion, lower than the estimated EU3.68 billion.

• Nutrition & Care sales amounted to EU1.73 billion, marking a decrease of 5.3% year-on-year, closely meeting the estimated EU1.76 billion.

• Agricultural Solutions sales totaled EU3.48 billion, showing a decrease of 11% year-on-year and slightly under the estimated EU3.55 billion.

• Adjusted EPS stood at EU1.68 versus EU1.93 year-on-year, higher than the estimated EU1.39.

• Net debt stood at EU18.18 billion at period end, less than the estimated EU18.62 billion.

• Negative free cash flow was EU1.46 billion, representing a year-on-year decrease of 23%.

• Net income was marked at EU1.37 billion which was 12% less than last year’s first quarter but higher than the estimated EU1.13 billion.

• R&D expenses stood at EU490 million, marking an 8.9% decrease year-on-year and a considerable decrease from the estimated EU562.3 million.

BASF forecast adjusted Ebitda for the year between EU8 billion to EU8.6 billion.

BASF also still expects to raise free cash flow to between EU0.1 billion to EU0.6 billion for the 2024 business year.

• The global chemical industry experienced a slight recovery in the first quarter of 2024, experiencing a faster growth rate than the overall industrial production due to customer industries replenishing their extremely low inventories.


BASF on Smartkarma

Analyst coverage of BASF on Smartkarma by Joe Jasper reveals a bullish outlook on global equities despite some market dynamics in early November 2023. Jasper suggests treating pullbacks as buying opportunities in the market. He emphasizes buys in global Materials, Energy, Consumer Discretionary, and Industrials, indicating a positive sentiment towards BASF.

Jasper’s research report titled “Bullish Outlook Intact; Downgrading India; Buys in Materials, Energy, Discretionary, Industrials” provides actionable themes for investors to consider. With a focus on key sectors like Materials and Energy, this coverage on BASF offers valuable insights for those interested in understanding the investment landscape on Smartkarma.


A look at BASF Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience3
Momentum4
OVERALL SMART SCORE4.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, BASF shows a positive long-term outlook. The company scores high in Dividend and Value, indicating strong financial performance and returns for investors. With a solid score in Growth and Momentum, BASF is positioned well for future expansion and market traction. Although Resilience scored slightly lower, the overall outlook for BASF remains promising.

BASF SE, a chemical company, operates across various segments, offering products and solutions for industries such as chemicals, plastics, agriculture, and oil. Known for its diverse product range and system solutions, BASF caters to a wide range of sectors, including automotive, construction, and electronics. With its strong performance in Dividend, Value, Growth, and Momentum, BASF holds a solid position for long-term growth and sustainability in the market.


Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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