Anticipated Jump in Potential: Expected Timeline for the Ignition
Befesa: Analysts Predict Strong Growth and Attractive Valuation
Befesa, a company specializing in the recycling of partly hazardous industrial waste from steel and aluminum production, is currently holding a promising outlook, according to various analysts.
The company's stock is held in a real-time account at Boersenmedien AG, but the most recent analyst forecasts for Befesa's financials, including revenue, operating result, earnings per share (EPS), and stock price projections for the remainder of 2022 and for 2026, are not accessible to us at this time.
However, current EPS estimates stand at €2.12, and analysts anticipate revenue of €1.3 billion for the current year, with an operating result of €251 million. For 2026, experts expect an increase in EPS to €2.50, corresponding to a Price/Earnings (P/E) ratio of 11.
Several analysts have positive sentiments towards Befesa. Berenberg analyst Lasse Stueben gives a thumbs up to the company, sees it as well-positioned for strong growth in the second half, and sets a price target of €34. Jefferies analyst Fabian Piasta maintains a "Buy" rating for Befesa with a price target of €37, while Hauck Aufhäuser Investment Banking has raised its price target for Befesa to €40.40, with a potential upside of 50%.
Deutsche Bank rates Befesa as a "Hold" with a price target of €32, but Grupo Santander sees Befesa's stock as fairly valued at €40. Notably, no sell recommendations have been issued for Befesa.
The average price target for Befesa stands at €36.35, representing an over 35% upside. If the business pick-up forecast by management materializes in the coming months, the stock could approach these analysts' price targets.
CEO Asier Zarraonandia expects a business pick-up in the second half of the year, and Befesa has already completed major maintenance work in the first two quarters. Annual investment expenditure is expected to be between €80 and €90 million.
Analyst Jorge Gonzalez Sadornil slightly raised his annual forecast for Befesa due to pleasantly surprising margins. For those interested in more specific estimates or reports, it is recommended to consult Befesa’s official investor relations website, financial news platforms such as Bloomberg, Reuters, or Yahoo Finance for consensus estimates, or brokerage firms or financial data providers that track the stock and publish detailed forecasts.
Investing in Befesa could be an attractive opportunity, given analysts' positive sentiments and high price targets. Notably, Berenberg, Jefferies, Hauck Aufhäuser Investment Banking, and several others have set price targets ranging from €34 to €40.40, representing an over 35% upside. Furthermore, if the business growth forecast by the company's CEO materializes, the stock is likely to approach these analysts' price targets, making it a potential investment in the finance sector.
