2024-03-27 03:57:20 ET
Summary
- Dynacor Group booked record sales of $250.2 million for 2023 and I expect the net income to be around $15 million.
- Dynacor Group expects to generate sales of $265-$285 million and a net income of $12-$15 million for 2024, and I think this seems conservative.
- In my view, operating margin improvements from the expansion of Veta Grande haven't been priced in by the market yet.
- With 2024 shaping up as a good year, I’m optimistic that Dynacor Group could be trading at above 10x P/E by the end of the year.
Investment thesis
Read the full article on Seeking Alpha
For further details see:
Dynacor Group: 2024 Is Shaping Up As A Good Year