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Scanfil

8.98

 

EUR

 

+0.56 %

5,384 following

SCANFL

NASDAQ Helsinki

Software

Technology

Scanfil is an international electronics contract manufacturer specializing in industrial and B2B customers. Its service offering includes manufacturing of end-products and components such as PCBs. Manufacturing services are the core of the company supported by design, supply chain, and modernization services. It operates globally in Europe, the Americas, and Asia. Customers are mainly companies operating in process automation, energy efficiency, green transition, and medical segments.

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Market cap
586.84M EUR
Turnover
12.64K EUR
P/E (adj.) (25e)
13.06
EV/EBIT (adj.) (25e)
9.81
P/B (25e)
1.84
EV/S (25e)
0.71
Dividend yield-% (25e)
2.78 %
Coverage
Recommendation
Reduce
Target price
9.00 EUR
Updated
24.04.2025
Disclaimer
Antti Viljakainen
Antti Viljakainen

Head of Research

Latest research

Latest analysis report

Released: 25.04.2025

Latest extensive report

Released: 10.04.2025

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
17.7
2025

Interim report Q2'25

24.10
2025

Interim report Q3'25

Risk
Business risk
Valuation risk
Low
High
ShowingAll content types
Scanfil's press conference of ADCO Circuits acquisition
Webcast

Scanfil's press conference of ADCO Circuits acquisition

Scanfil is acquiring 80% of ADCO Circuits Inc. (“ADCO”), an Electronics Manufacturing Service company (“EMS”) based in the Greater Detroit area, the USA. This strategic acquisition accelerates Scanfil’s growth in the Americas region and the Aerospace & Defense industry, where ADCO generates 37% of its turnover.

Scanfil
Analyst Comment by
Antti Viljakainen

Scanfil continues its inorganic growth in the US with a small but promising acquisition

Scanfil announced yesterday that it will acquire 80% of ADCO Circuits, an electronics contract manufacturer located in the Greater Detroit area of the United States. The strategic acquisition will accelerate Scanfil's growth in the Americas business segment and in the aerospace and defense industry, which accounts for 37% of ADCO's revenue.

Scanfil

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Third party research

Scanfil: Acquisition in the US will increase net sales by 4% - Nordea

Scanfil buys 80% of the US based subcontractor ADCO Circuits. Transaction indicates debt free EV value of EUR 21.7m for 100% of the company, giving EV/EBIT of 7x (Scanfil 9.7x) taking into account EUR 0.4m IFRS 16 related depreciations. Acquisition will...

Scanfil
Third party research

Scanfil: Guidance indicates gradual improvement in 2025 - Nordea

Revenue was down 3% y/y in Q1, but Scanfil kept its full-year revenue guidance unchanged and expects a gradual q/q improvement in Q2-Q4 2025. The company has not seen any order cancellations due to the trade war or a possible downturn. We calculate that...

Scanfil
Scanfil Q1'25: Share price has reached neutral zone
Research by
Antti Viljakainen

Scanfil Q1'25: Share price has reached neutral zone

In our view, the overall picture of Scanfil's Q1 report published yesterday was rather neutral, and we did not make any changes to our forecasts following the report. In our view, the stock is reasonably valued (2025e: P/E 13x, EV/EBIT 10x), but the expected return no longer exceeds the sustainable required return on a 12-month horizon due to elevated macro risks. Hence, we reiterate our target price of EUR 9.00 on Scanfil and lower our recommendation to Reduce (previously Accumulate) as the stock's upside narrows.

Scanfil
Third party research

Scanfil: Q1 numbers below consensus - FY guidance unchanged - Nordea

Net sales and EBIT were below market consensus (LSEG) in Q1. Reported revenue growth was -3% and organic growth -7% in Q1 y/y. Weakness is coming from Central Europe and from Energy & Cleantech customers. Moreover, new projects won in Q4 were not yet...

Scanfil
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