Redeye - Another piece of the puzzle for Hexatronic

Hexatronic presented a Q2-report mostly in-line with our estimates, still the reported organic growth was slightly lower than we had expected. We have made some adjustments to our estimates for the next quarter and the full year. We have revised down our full year estimated revenue with about -5% and we expect a EBITDA-margin in the region of 10% for the full year 2014/15. Our estimate revision affects our fair value negatively, however we have also made some rating adjustments affecting our WACC positively. Thus, our estimated fair value is unchanged. We regard the share as attractively priced with too low expectation of future value creation priced in at current levels. Read more in the analysis below. 

The full analysis in PDF-format: http://korta.nu/H-5 

This is a pressrelease from Redeye. Read more analysis at www.redeye.se.