bronchalo33
27/07/19 20:36
Ha respondido al tema Nicolas Correa (NEA)
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I would like to introduce you a very high propective company. Its name is NEA (formerly name was Nicolás Correa). NEA is an Spanish industrial group (Burgos) and offers the widest range of milling solutions on the market, including bed machines, gantry machines, floor type machines and machines with a T-shaped configuration, with over 800 bridge type machines and over 600 floor type machines installed all over the world, it is one of Europe's leading companies in the field of milling solutions designed to work in the most demanding production environments, such as the power generation, automotive, aerospace and railway industries. The milling machines are manufactured in its Burgos plants (Spain). Nicolás Correa currently exports around 90% of its production to over 20 different countries: Europa (55%), China (18%).
The main aspects of the company are:
Per:7.8.
Net profit 2018: 8 millions of euros.
EPS:0.65 euros/share.
Net cash: 5 million of euros.
Dividen:
0.15 euros/share.
The CEO, Carmen Pinto, said is expected a 10% growth in the Net Profit 2019.
-The 2018 net profit is
8 million of euros.This is the best historical performance of NEA. The company multipled 3x the net profit in compare with the 2017 annual report. In 2017 the net profit was 2.4 million of euros.
-The
Q1 2019 results was better than the Q1 2018 and Q2 2019 is expected much better than Q2 2018.
-The company no longer has debt, on the contrary, It has a
net cash of 5 millions of euros. The company had 1 millon of cash and the sell of a unused factory for 4 millons made the company reach 5 million in net cash.
-In addition, the company paid a
dividend this year (0.15 euros/share). The company canceled the dividend long time ago and now recovered it.
-The board of directors do not plan to buy-out others companies so it seems
the net cash is going to increase much more the following quarters hence the dividend might be higher next years and the stock price is sure to go up/rocket
Why the company is so cheap?
First reason, the company is in a cyclic sector. Second reason, the company went through a hard time during the 2008 crisis and Spanish investors do not apreciate yet the value of the company. Third reason, the stock volume is really low
Source:
https://www.nicolascorrea.com/en
Shareholding structure (%)
Nicolás-Correa family 31,8
Desmasa 3,0
Board (Excl. Nicolás-Correa) 2,0
Free Float 63,2
You can follow the company in Spanish in the following links:
https://www.rankia.com/foros/bolsa/temas/1945066-nicolas-correa-nea?page=491
https://pcbolsa.com/Foros/Nicolas_Correa
Mi inglés no es bueno del todo. Si alguien quiere corregir algo de lo que he puesto. En principio lo quiero poner en foros extranjeros. Y si alguno sabe de foros que lo diga.