Leading player in the Nordic waterproofing market

NORDIC WATERPROOFING

Nordic Waterproofing’s business model is to develop, manufacture, market and distribute a complete range of products and solutions to protect buildings and infrastructure. The company has two business areas, Products & Solutions, which produces products for the waterproofing market, and Installation Services, which does business in installation and contracting.



Key Figures

NORDIC WATERPROOFING

2017 2018e 2019e
Sales MSEK
2186,8 2659,2 2723,3
Revenue growth
20,6% 21,6% 2,4%
Operating income MSEK
198,7 228,7 289,3
Operating margin
9,1% 8,6% 10,6%
Earnings per share SEK
5,92 7,16 9,29
Dividend per share SEK
3,75 4,00 4,25
Equity MSEK
1009,8 1136,4 1263,8
Solidity
57,5% 61,1% 62,7%
Net debt MSEK
203,5 245,4 45,2
No. of shares (m)
24,1 24,1 24,1

Valuation

NORDIC WATERPROOFING

2016 2017 2018e 2019e
P/E adj.(x) 11,8 11,8 11,0 8,8
P/BV (x) 2,2 1,9 1,7 1,6
EV/S (x) 1,2 1,0 0,8 0,7
EV/EBITDA (x) 8,5 8,3 7,7 5,7
EV/EBIT (x) 9,4 9,8 9,7 7,0
Yield (%) 4,3% 4,8% 4,9% 5,2%

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