Je vous propose cette piste : Sabaf, entreprise côtée à Milan et spécialisé dans les brûleurs à gaz et charnières pour cuisine.
L'entreprise côte à 9 fois les bénéfices et quasiment au niveau de ses fonds propres.
Elle est en croissance et a connu un bénéfice record en 2021. Ce dernier est passé de 23,9M€ en 2021 à 15,69M€ en 2022. Le cours en a souffert.
Selon le rapport de décembre 2022, la situation devrait s'améliorer :
"The first weeks of 2023 show an improving trend in sales and orders. The destocking
that characterised the second half of 2022 now is over, although sales in the first half of
the year will remain lower than the record levels of early 2022. The Group expects a
recovery of profitability made possible by the recovery of production volumes, lower
energy and raw material prices, and actions taken to contain energy consumption.
1 Net working capital is the sum of Inventories, Trade receivables, Tax receivables, Other current
receivables, Trade payables, Tax payables and Other payables.
2 Free cash flow is the difference between Cash flows from operations and Net Investments
Sabaf Group | Interim management statement at 31 December 2022 18
Initiatives for product diversification and internationalisation are advancing according to
the plans. These will contribute to improving economic performance and ensuring the
sustainable growth of the Group in the medium and long term,. Specifically:
- efforts were further intensified in the development of induction cooking components
(the first deliveries are forthcoming);
- the technical and commercial integration of P.G.A. continues with the aim of
strengthening its presence in the smart appliances and IoT sector for household
appliances;
- the ramp-up of the production of gas components in India continues;
- construction of the plant in Mexico is nearing completion, where production of
burners, highly anticipated by the North American market, will begin;
- works for the production of a 2 MW photovoltaic plant are about to start at the
Ospitaletto factory which will be able to cover a significant portion of the facility’s
energy needs"
https://www.sabafgroup.com/sites/defaul ... 22-ing.pdf
L'entreprise est présente à l'international.