2024-02-08 22:02:46 ET
Summary
- Nokian Renkaat has faced significant challenges after exiting its manufacturing operations in Russia.
- To recover the company's manufacturing capacity, Nokian Renkaat is building a new factory in Romania, with commercial production expected to begin in 2025.
- The investments in new capacity are accompanied by targets for a gradual revenue recovery and stronger margins.
- The targets seem to provide a good amount of upside for investors, as my DCF model estimates significant upside for the stock.
Nokian Renkaat ( NKRKF ) manufactures tires with three segments – Passenger Car Tyres offering summer & winter tires for cars, Heavy Tyres offering tires for machinery for forestry, agricultural, and industrial purposes, and Vianor offering passenger tires....
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Nokian Renkaat: Upside Left With Gradual Earnings Recovery