Alleima (OTC: SAMHF) ikambani ichangoburwa kubva kuSandvik (OTCPK:SDVKF) (OTCPK:SDVKY) muhafu yechipiri ya2022. Kuparadzaniswa kweAlleima kubva kuSandvik kuchagonesa wekutanga kuona kambani- yakananga hurongwa hwekukura vavariro uye kwete kungove kupatsanurwa kweboka rakakura reSandvik.
Alleima inogadzira simbi dzepamberi, alloys akakosha uye masisitimu ekudziya.Kunyange zvazvo misika yose yesimbi isina tsvina inogadzira mamiriyoni makumi mashanu emamiriyoni pagore, iyo inonzi "advanced" Stainless steel sector inongova 2-4 mamiriyoni ematani pagore, apo Alleima inoshanda.
Musika wehunyanzvi alloys wakaparadzaniswa nemusika wemhando yepamusoro simbi sezvo musika uyu unosanganisirawo alloys akadai setitanium, zirconium uye nickel.Alleima inotarisa pamusika niche wemaovheni emaindasitiri.Izvi zvinoreva kuti Alleima inotarisa kugadzirwa kwepombi dzisina musono uye pombi dzesimbi dzisina simbi, inova chikamu chemusika chaiwo (semuenzaniso, zvinopisa, mafuta uye gasi umbilicals kana kunyange simbi dzakakosha dzemapanga ekicheni).
Migove yeAlleima yakanyorwa paStockholm Stock Exchange pasi pechiratidzo cheticker ALLEI.Parizvino kune mashoma pasi pe251 miriyoni migove yakasarudzika, zvichiita kuti pari zvino musika capitalization yeSEK 10 bhiriyoni.Payezvino yekuchinjana kwe10.7 SEK kusvika ku1 USD, mari yemusika iripo ingangoita 935 miriyoni USD (Ndichashandisa SEK semari yekutanga muchinyorwa chino).Avhareji yemazuva ese yekutengesa vhoriyamu muStockholm ingangoita 1.2 miriyoni migove pazuva, ichipa kukosha kwemari inosvika zviuru zvishanu zvemadhora.
Nepo Alleima akakwanisa kukwidza mitengo, purofiti yayo yakaramba yakaderera.Muchikamu chechitatu, kambani yakashuma mari iri pasi peSEK 4.3 bhiriyoni, uye kunyangwe yaive yakakwira nechikamu chimwe muzvitatu zvichienzaniswa nekota yechitatu yegore rapfuura, mutengo wezvinhu zvakatengeswa wakawedzera neinopfuura 50%, izvo zvakakonzera kuderera kwepurofiti yose.
Nehurombo, mamwe mari akawedzerawo, zvichikonzera kurasikirwa kwekushanda kweSEK 26 miriyoni.Tichifunga nezvezvinhu zvakakosha zvisingadzokerike (kusanganisira spin-off mitengo inoenderana neiyo de facto spin-off yeAlleima kubva kuSandvik), Underlying and Adjusted EBIT yaive SEK 195 miriyoni, maererano naAlleima.Uyu ndiwo mubairo wakanaka kana uchienzaniswa nekota yechitatu yegore rapfuura, iyo inosanganisira imwe-off zvinhu zveSEK 172 miriyoni, zvichireva kuti EBIT muchikamu chechitatu che2021 inongove SEK 123 miriyoni.Izvi zvinosimbisa kuwedzera kunosvika makumi mashanu muzana muEBIT muchikamu chechitatu che2022 pane yakagadziridzwa.
Izvi zvinoreva zvakare kuti isu tinofanira kutora mambure kurasikirwa kweSEK 154m netsanga yemunyu sezvo mhedzisiro inogona kuve yekutyoka kana padyo nayo.Izvi zvakajairika, nekuti pane mhedzisiro yemwaka pano: sechinyakare, mwedzi yezhizha muAlleim ndiyo isina kusimba, sezvo iri zhizha kuchamhembe kwehemisphere.
Izvi zvinokanganisawo kushanduka kwemari yekushanda sezvo Alleima achigara achivaka mazinga muhafu yekutanga yegore obva aita mari izvo zvinhu muhafu yechipiri.
Ndosaka tisingakwanise kungowedzera mhedzisiro yekota, kana kunyange 9M 2022 zvawanikwa, kuverenga kuita kwegore rakazara.
Izvo zviri kutaurwa, iyo 9M 2022 Cash Flow Statement inopa inonakidza nzwisiso yemabatiro anoita kambani pahwaro hwakakosha.Chati iri pazasi inoratidza chirevo chekuyerera kwemari uye iwe unogona kuona kuti iyo yakashumwa kubuda kwemari kubva kumabasa kwanga kwakaipa paSEK 419 miriyoni.Iwe zvakare unoona kushanda kwemari kuunganidzwa kweinenge SEK 2.1 bhiriyoni, zvinoreva kuti yakagadziridzwa yekushandisa mari inoyerera inosvika SEK 1.67 bhiriyoni uye ichangopfuura SEK 1.6 bhiriyoni mushure mekubvisa mari yekurenda.
Iko mari yegore negore yekudyara (kuchengetedza + kukura) inofungidzirwa pamamiriyoni mazana matanhatu eSEK, zvinoreva kuti iyo yakajairwa mari yekudyara kwezvikamu zvitatu zvekutanga inofanira kunge iri 450 miriyoni SEK, zvishoma kudarika 348 miriyoni SEK yakashandiswa chaizvo nekambani.Zvichienderana nemhedzisiro iyi, yakajairwa yemahara kuyerera kwemari kwemwedzi mipfumbamwe yekutanga yegore yakatenderedza SEK 1.15 bhiriyoni.
Chikamu chechina chinogona kuramba chiine hunyengeri sezvo Alleima achitarisira kuti SEK 150m kuve nemhedzisiro yakaipa pamhedzisiro yechina nekuda kwemitengo yekuchinjana, mazinga ezvese uye mitengo yesimbi.Nekudaro, pane kazhinji kune kuyerera kwakasimba kwemirairo uye miganho yepamusoro nekuda kwechando kuchamhembe kwehemisphere.Ini ndinofunga tinogona kumirira kusvika 2023 (pamwe kunyangwe kupera kwa2023) kuti tione mabatiro anoita kambani iyo yenguva pfupi musoro.
Izvi hazvirevi kuti Alleima ane chimiro chakaipa.Pasinei nemhepo dzenguva pfupi, ndinotarisira kuti Alleima ichaita pundutso muchikamu chechina nemari yekuwana SEK 1.1-1.2 bhiriyoni, yakakwira zvishoma mugore razvino rezvemari.Mari yese yeSEK 1.15 bhiriyoni inomiririra mihoro pachikamu chese inosvika SEK 4.6, zvichiratidza kuti zvikamu zviri kutengeserana zvakapetwa kasere.
Chimwe chezvinhu izvo zvandinonyanya kukoshesa ndeye Alleima yakasimba kwazvo.Sandvik akaita zvakaringana musarudzo yake yekubvisa Alleima, aine chiyero cheSEK 1.1 bhiriyoni mumari uye SEK bhiriyoni 1.5 muchikwereti chazvino uye chenguva refu pakupera kwekota yechitatu.Izvi zvinoreva kuti chikwereti chese chinongotenderedza SEK mazana mana emamiriyoni, asi Alleima inosanganisirawo zvikwereti zvekurenda nepenjeni mukupa kwayo kambani.Chikwereti chakakwana chinofungidzirwa paSEK 325 miriyoni, maererano nekambani.Ndakamirira mushumo wakazara wepagore kuti ndiongorore muchikwereti che “official”, uye ndinodawo kuona kuti shanduko yemubereko ingakanganisa sei kushomeka kwepenjeni.
Chero zvazvingava, nzvimbo yezvemari yaAlleima (kusingasanganisire zvikwereti zvepenjeni) ingangoratidza nzvimbo yakanaka yemari (kunyangwe izvi zvichiramba zvichikonzerwa nekuchinja kwemari yekushandisa).Kumhanyisa kambani isina chikwereti kunosimbisawo Alleima's dividend policy yekugovera 50% yemapurofiti akajairwa.Kana fungidziro dzangu dzeFY 2023 dzakarurama, isu tinotarisira kugoverwa kwezvikamu zveSEK 2.2–2.3 pamugove, zvichiita kuti mugove we5.5–6%.Mutero wemutero wakajairwa pazvikamu zvevaSweden vasiri vagari i30%.
Kunyangwe zvingatora nguva kuti Alleima anyatso ratidza musika iyo yemahara mari inoyerera yaanogona kugadzira, iyo stock inoita seinoyevedza.Tichitora chinzvimbo chemari cheSEK 500 miriyoni pakupera kwegore rinouya uye yakajairwa uye yakagadziridzwa EBITDA yeSEK 2.3 bhiriyoni, kambani iri kutengeserana paEBITDA iri pasi peka 4 EBITDA yayo.Mhedzisiro yemahara yekuyerera kwemari inogona kudarika SEK 1 bhiriyoni panosvika 2023, iyo inofanirwa kuvhura nzira yezvinokwezva migove uye nekumwe kusimbaradza kwebalance sheet.
Ini parizvino handina chinzvimbo kuAlleima, asi ndinofunga kuti pane zvakanakira kuruka Sandvik sekambani yakazvimirira.
Chiziviso cheMhariri: Chinyorwa ichi chinokurukura chengetedzo imwe kana kupfuura iyo isingatengeswi pakuchinjana kukuru kweUS.Ziva njodzi dzine chekuita nekusimudzira uku.
Funga kujoinha European Diki-Cap Mazano ekuwana yakasarudzika yekutsvagisa inoyevedza pane inoyevedza Europe-yakatarisana nemikana yekudyara uye shandisa iyo yekurarama chat chimiro kukurukura mazano nevanhu vane pfungwa dzakafanana!
Kuzivisa: Ini / isu hatina stock, sarudzo kana zvakafanana zvinobva kune chero emakambani ari pamusoro uye isu hatironge kutora zvinzvimbo zvakadaro mukati meanotevera 72 maawa.Nyaya iyi yakanyorwa neni uye inotaura maonero angu.Ini handina kuwana muripo (kunze kweKutsvaga Alpha).Ini handina hukama hwebhizinesi nechero yemakambani akanyorwa muchinyorwa chino.
Nguva yekutumira: Jan-09-2023