Scanfil: Component availability will remain a problem - Nordea
Q3 was a slight disappointment in terms of profitability. High component prices have been passed onto end-product prices but Scanfil has not received an ordinary margin for this excess revenue. Cash flow has also suffered from this extraordinary situation. There is a risk that the poor availability of materials will eventually restrict volume growth, but current end demand looks healthy for Scanfil. Our fair value range for Scanfil remains at EUR 6.9-8.4, based on three equally weighted valuation approaches (DCF, EV/EBITDA and P/E). Marketing material commissioned by Scanfil Oyj.
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