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1. Company Snapshot

1.a. Company Description

engcon AB (publ) manufactures and sells tiltrotators.It offers quick couplers; EC-oil, which reduces the oil spillage and the time for changing equipment; control and safety systems comprise Q-Safe control locking system that standardizes the use of quick couplers; MIG2 joystick, which enables end-users to customize the joystick's functions; control system DC2, which is used to control the tiltrotators and the excavator's ground movements and boom swing; locking systems; positioning systems; and warning light and sound modules.The company also offers hydraulic tools, such as pallet forks, timber and combi grabs, ground compactors, sweeper rollers, Stone and sorting grabs, and detachable grippers and sweepers; and mechanical tools, including grading beams, tarmac cutters, deep-digging buckets, pallet forks, cable and grading buckets, rippers, water/sewerage buckets, and riddle buckets.


It operates in Sweden, Denmark, Norway, Finland, North and South America, Japan, South Korea, Australia, New Zealand, and internationally.The company's products have applications in pipelines, road works, water and sewerage work, railway constructions, electrical works, and telecom and broadband works, as well as work on construction sites and landscaping.engcon AB (publ) was founded in 1990 and is headquartered in Strömsund, Sweden.

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1.b. Last Insights on ENGCON

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1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (5.15%)

6. Segments

Excavator Tools

Expected Growth: 5.15%

Engcon AB's 5.15% growth in Excavator Tools is driven by increasing demand for efficient trenching and excavation solutions in the construction industry, coupled with the company's strategic expansion into new markets and regions. Additionally, investments in R&D have led to innovative product offerings, enhancing customer loyalty and attracting new clients.

7. Detailed Products

Tiltrotators

A hydraulic excavator attachment that combines the functions of a tilt unit and a rotator, allowing for precise control and flexibility in excavation and material handling.

Quick hitches

A mechanical device that enables quick and safe attachment and detachment of excavator attachments, improving productivity and reducing downtime.

Ground engaging tools

A range of tools and attachments designed for excavators, including buckets, grapples, and thumbs, for efficient material handling and excavation.

Railway attachments

Specialized attachments designed for railway maintenance and construction, including rail cutters, rail drills, and rail saws.

Demolition attachments

A range of attachments designed for demolition and deconstruction projects, including demolition robots, breakers, and pulverizers.

Sorting grapples

Hydraulic grapples designed for material handling and sorting, featuring a rotating and tilting function for precise control.

8. engcon AB (publ)'s Porter Forces

Forces Ranking

Threat Of Substitutes

Engcon AB (publ) operates in a niche market with specialized products, reducing the threat of substitutes. However, the company's dependence on a few large customers increases the threat of substitutes.

Bargaining Power Of Customers

Engcon AB (publ) has a few large customers that account for a significant portion of its revenue, giving them bargaining power. This increases the company's dependence on these customers and reduces its negotiating power.

Bargaining Power Of Suppliers

Engcon AB (publ) has a diversified supplier base, reducing its dependence on individual suppliers. This gives the company more negotiating power and reduces the bargaining power of suppliers.

Threat Of New Entrants

The construction equipment industry has high barriers to entry, including significant capital requirements and regulatory hurdles. This reduces the threat of new entrants and gives Engcon AB (publ) a competitive advantage.

Intensity Of Rivalry

The construction equipment industry is highly competitive, with several established players. However, Engcon AB (publ) has a niche market position and a strong brand, reducing the intensity of rivalry.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 18.32%
Debt Cost 9.00%
Equity Weight 81.68%
Equity Cost 9.00%
WACC 9.00%
Leverage 22.42%

11. Quality Control: engcon AB (publ) passed 6 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Wacker Neuson

A-Score: 6.0/10

Value: 6.8

Growth: 4.8

Quality: 4.1

Yield: 6.9

Momentum: 8.5

Volatility: 4.7

1-Year Total Return ->

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Stock-Card
Ponsse

A-Score: 5.5/10

Value: 6.0

Growth: 3.4

Quality: 6.5

Yield: 3.8

Momentum: 8.5

Volatility: 4.7

1-Year Total Return ->

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Stock-Card
Exel

A-Score: 5.3/10

Value: 9.3

Growth: 4.8

Quality: 3.6

Yield: 5.0

Momentum: 1.5

Volatility: 7.3

1-Year Total Return ->

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Stock-Card
Rosenbauer

A-Score: 4.6/10

Value: 6.1

Growth: 5.1

Quality: 2.4

Yield: 1.2

Momentum: 8.5

Volatility: 4.3

1-Year Total Return ->

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Stock-Card
AKVA group

A-Score: 4.6/10

Value: 4.9

Growth: 5.4

Quality: 4.4

Yield: 0.6

Momentum: 10.0

Volatility: 2.0

1-Year Total Return ->

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Stock-Card
Engcon

A-Score: 2.7/10

Value: 0.2

Growth: 4.2

Quality: 7.8

Yield: 0.6

Momentum: 1.0

Volatility: 2.3

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

77.5$

Current Price

77.5$

Potential

-0.00%

Expected Cash-Flows