Smurfit Kappa Share Discussion Threads

[philanderer] 08/2/2017 12:57

Smurfit Kappa invests in new C&T Channel Matrix kit

[philanderer] 08/2/2017 12:03

Smurfit Kappa CEO: 2017 is looking reasonably good

Smurfit Kappa CEO Tony Smurfit outlines the key takeaways from the company’s latest earnings report.

VIDEO INTERVIEW:

[moorsie2] 08/2/2017 11:03

Davy valuation update 32 Euros. At the moment the share is below 26 Euros so quite a significant value gap between now and 32E

DAVY VIEW

Smurfit Kappa Group’s outlook commentary on both demand growth and containerboard inventory levels should result in the recently announced price increases being successful. This will likely result in upside to earnings and cash flow forecasts. Strong cash generation is one of the key attractions of this business. Management’s confidence in the sustainability of this cash flow is demonstrated in a 20% increase in the final dividend. We reiterate our ‘Outperform217; rating and 3200c price target.

[moorsie2] 08/2/2017 10:51

22 is a psychological ceiling here - if it breaks through and holds for a few days then a new floor is set and I expect to see 23 quickly as predicted just last week

[moorsie2] 08/2/2017 07:59

a consistently growing ebitda company
dividend of 80c and growing every year
market leading positions in a growing market place
geographically diversified for managing shocks
Unrivalled integration model that secures earnings
debt to 2.4 times ebitda
latest debt refinancing at company record low rates
In the FTSE 100 big league with a historical valuation gap to peers of which one is in FTSE 100 and the other only FTSE 250

Watch that gap close

[ygor706] 08/2/2017 07:56

Eps easily ahead of the number on my consensus forecast sheet which was for negative growth in 2016! Generous dividend increase also indicates confidence going forward. The Board have made a pretty clear statement with the publication of these figures..........they want SK to get noticed. Lets hope that the correct response from the market is forthcoming.

[capercaillie] 08/2/2017 07:34

Very encouraging. 20% lift in the dividend

[soundbuy] 08/2/2017 07:30

That'll do me.........

[moorsie2] 08/2/2017 07:23

Excellent set of results

2 key stand outs is the record Ebitda & ROCE and, the confidence in the latest round of containerboard increases

Based on yesterday's report in the FT this should drive a closing of the valuation gap between SKG and Mondi and DSS. SKG will be seen as a previously undervalued share that is now in the FTSE 100 limelight. A typical Warren Buffet play if you will!

[philanderer] 07/2/2017 16:39

Cardboard packaging shares revival puts Smurfit Kappa in box seat

Consumer goods groups start to appreciate importance of getting the wrapping right

[philanderer] 05/2/2017 23:45

Smurfit Kappa to report fourth-quarter and full-year results

Paper-based packaging company Smurfit Kappa is due to report fourth-quarter and full-year results to end-December this Wednesday.

Davy Stockbrokers is forecasting the company to report group earnings before interest, taxes, depreciation, and amortisation (EBITDA) of €312 million for the fourth quarter, 4 per cent below the same period last year, and €1.2 billion for the full-year 2016.

Davy analyst Barry Dixon said he expects EBITDA of €237 million for European operations in the fourth quarter, driven by corrugated volume growth, a positive contribution from the Townsend Hook mill in the UK and the benefits of cost-saving programmes.

This would be marginally below the €238 million reported in Q4 2015.
For the Americas division, Davy is forecasting EBITDA of €84 million, down from the €89 million reported in the final quarter of 2015. The main driver of the decline is a negative foreign exchange impact, primarily from the weakness in the Mexican peso.
Last month, Smurfit announced plans to increase the price of a recycled containerboard, used to make cardboard boxes.

The company said a €60 a tonne increase in recycled containerboard prices would become effective from this month across all its main continental European markets.

[moorsie2] 03/2/2017 08:15

Cheers Philanderer

Results on Wednesday. I would expect virtually all positive noise and very favourable market conditions. Only some of this is priced in based on my analysis. So a run to 23 is very possible and likely

[philanderer] 02/2/2017 16:58

Moorsie , that was a top call , nice one :-)


edit: updated..

1st feb Numis add tp 2400p
17th jan Goldmans buy tp 2460p
16th jan Jefferies hold tp 2080p
3rd nov Deutsche buy -

[moorsie2] 02/2/2017 10:15

Only a matter of days before this not just breaks through 21 but 22 and possibly 23

[philanderer] 02/2/2017 00:04

'3 FTSE 100 growth stocks I'd buy before it's too late'


....... I believe Smurfit Kappa Group's (LSE: SKG) share price could receive fresh fuel following its own full-year results, currently scheduled for Wednesday, February 8.

Smurfit Kappa rose to record peaks late last month after raising the price of its new and recycled container board, a move that follows those of its industry rivals in recent months.

And demand remains strong for Smurfit Kappa's packaging solutions -- the Dublin business announced in November that volumes rose by 5% during January-September -- enabling the business to force through such price hikes.

Unsurprisingly the City expects earnings at the business to keep trekking higher, and has chalked-in earnings expansion of 4% in both 2017 and 2018, resulting in P/E ratios of just 11.3 times and 10.8 times. I reckon this is a steal given Smurfit Kappa's robust position in a growing market.

[philanderer] 31/1/2017 11:23

Smurfit Kappa ‏@smurfitkappa 19 minutes ago

Seen this fab #packaging for Wild Bags that resembles a zoo? Gives you a glimpse of the product and makes you smile!

[philanderer] 30/1/2017 13:32

Manufacturers announce price hike for kraftliner as from March

[moorsie2] 30/1/2017 10:06

7 trading days to results

I am looking for,

- record Ebitda
- Good cash generation
- Dividend improvement
- Debt close to 2x ebitda
- Market update that paper prices will be going up in Feb and March as indicated by the markets

If we get all 5 of those things then this needs a further upgrade to 23-25 stg

[philanderer] 26/1/2017 17:07

Here`s the cause , several large trades , shares being dumped through the day. Hope they don`t know something we don't :-S

138,207 @ 2081.4509
44,849 @ 2076.1948
8,083 @ 2079.8430
7,374 @ 2107.3867
3,979 @ 2079.9077
2,985 @ 2123.6663
1,373 @ 2099.9377

[moorsie2] 26/1/2017 14:46

Looks like a classic shake out of weak holders going on

I expect good news in the results and in the general market sentiment. So nothing stopping it bouncing back to a 2250-2350

[philanderer] 26/1/2017 13:10

26 January 2017

As the leading supplier in Europe, 13 countries from Smurfit Kappa’s global network are showcasing their packaging expertise in the agricultural sector at the Fruit Logistica event in Berlin on 8-10th February.