🇳🇴 QFUEL - kursmål

AB20
10.09.2020 kl 09:38 938

Samleside for de ulike kursmålene. Link gjerne til analysene. Liste oppdatert 18.09.2020.

200 - Sparebank1 Markets (18.09.2020) Valuation – TP NOK200 equivalent to a P/E of 20x Our target priced of NOK200 per share is equivalent to a P/E of 20x once the first 6 facilities are operational, if we assume 50% ownership. The valuation range in QFUEL is wide given the strong growth opportunities, but we argue that it all breaks down to one thing: if you believe QFUEL will reach anything close to estimated production figures, the current share price is a highly attractive Buying opportunity.

131 - Danske Bank Markets (10.09.2020)

125 - Arctic Securities (04.09.2020)

100 - Pareto Securities (16.09.2020) We reiterate our BUY recommendation and increase our target price to NOK 100. As before, we see large upside potential to our target price if Quantafuel continues to deliver on the important milestones ahead.

84 - DNB Markets (08.09.2020)
Redigert 18.09.2020 kl 08:16 Du må logge inn for å svare

Når jeg var barn lekte vi med et spill som het Svarteper. Den som satt igjen med dette kortet når spillet
var slutt, tapte. Det samme spillet utøves nå med Quantafuel aksjen. Det er fullt mulig å være med
på oppgangen en stund, og tjene gode penger, men pass på å gå ut i tide. Grådighet er svært farlig
i aksjemarkedet, de som er grepet av det, sitter ofte igjen med svarteper, når raset i aksjen kommer.Når vekstkurven
på aksjen flater ut, antydninger om innsidesalg fremkommer, rykter om emisjon etc, dukker opp, pass på, da er det på
tide å komme seg ut. Dette er et vennlig råd fra en som har tjent en del på aksjer, men som også har vært med på stygge tap opp
gjennom årene. Selv om det kan være fristende, er det ofte ikke så lønnsomt å hoppe på en børsrakett som alt har tatt av.
europa
10.09.2020 kl 10:19 809

I en vekstaksje som QF er emisjon ingenting å frykte. Skal kjøpe det jeg kan få kjøpt.
Mr Big
10.09.2020 kl 10:24 782

Alt under 100 kr er billig. Fredag skal vi 100% sikkert se 100 kr. Fortsatt mulig for dere som ikke er inne å tjene noen kroner.

100% sikkert at kursen er 100 kr i morgen? Du har visst blitt truffet av noe som er verre enn gullrushet i Klondyke.

Johoooo.....TULLIPANER til folket...!!!
Mvh.
AB20
16.09.2020 kl 08:51 410

Pareto Securities med ny analyse i dag, kursmål 100. Noen utdrag:


Exciting times ahead – BUY/TP NOK 100
Following commencement of production from the first-ever large-scale plant for chemical recycling of plastic waste, Quantafuel has an exciting future with several triggers ahead. Upon a successful production ramp-up that remains the last milestone to prove its game changing technology, we find it difficult to overestimate the market size and potential scale of a rapid build out of plants to capitalize on the first mover advantage. We reiterate our BUY recommendation and increase our target price to NOK 100. As before, we see large upside potential to our target price if Quantafuel continues to deliver on the important milestones ahead.

BUY/TP NOK 100 – One additional plant adds NOK 20-30/share
We increase our TP to NOK 100 and reiterate our BUY recommendation on Quantafuel. The target reflects our ~30% risked DCF valuation of the current pipeline and a WACC of 7%. Importantly, we estimate that one additional large-scale plant adds NOK 20-30/share (valuation range depends among other factors upon how much it will be paid to take the plastic) and expect many more (beyond the current pipeline) to be sanctioned upon final prove of the technology. As such, we see substantial upside to our target price as further milestones are achieved while technological risk and operational issues during the ramp up production remains the key risks to our positive view on Quantafuel.
AB20
18.09.2020 kl 08:12 254

Sparebank1 Markets med ny analyse i dag - "Case significantly de-risked, target upped to 200"

Et utdrag:

We reiterate our Buy recommendation on QFUEL and increase our target price to NOK200 from NOK50 per share. Over the last month, the investment case has been significantly de- risked with 1) the first plant commencing production in Denmark, 2) the output quality being well within the expected range for BASF, and 3) QFUEL has raised c.NOK850m (c.USD95m) in two private placements resulting in a strong balance sheet. Going forward, the investment case will be all about growth, as we estimate that each new facility will have a very attractive ROE of >100% and a payback time of two years (USD100m capex and at least USD50m EBITDA). QFUEL targets to have 6 facilities in operation by 2023, and if we assume 50% ownership, the current share price of NOK66 is equivalent to a P/E of 6.4x. We find QFUEL highly attractive given the company’s rapid growth opportunities with sound economy, proprietary technology, ESG profile and three world class strategic partners.
• Growth at highly attractive plant economics – Two years payback time Together with Vitol, world’s largest oil trader, QFUEL has already commenced feasibility studies of two large scale facilities (100,000t plastic waste per year) in Antwerp and Amsterdam, and QFUEL aims to have 6 facilities in operation by 2023. We estimate that a plant cost approximately USD100m, and contributes with an EBITDA above USD50m, resulting in a highly attractive payback time of less than two years. If we take it one step further and assume 60% debt financing at 5% interest, the estimated net profit of c.USD40m gives an unparalleled ROE above 100%.
• QFUEL in a few years – P/E below 10x
QFUEL will probably grow for many years, and for example its strategic partner BASF consume naphtha every year equivalent to more than 2,000 times the estimated production capacity in Skive. Investing in just a fraction of those plants could give a value above NOK1,000 per share, but let’s focus on the short- to medium-term for now. Thus, we assume that QFUEL reach its target to have 6 facilities in production by 2023 at the abovementioned economics. Then QFUEL is estimated to have an EBITDA of NOK1.9bn and net profit of c.NOK1.3bn (EPS of NOK10), resulting in a highly attractive EV/EBITDA of 5.6x and P/E of 6.4x on the current share price of NOK66.
• Valuation – TP NOK200 equivalent to a P/E of 20x
Our target priced of NOK200 per share is equivalent to a P/E of 20x once the first 6 facilities are operational, if we assume 50% ownership. The valuation range in QFUEL is wide given the strong growth opportunities, but we argue that it all breaks down to one thing: if you believe QFUEL will reach anything close to estimated production figures, the current share price is a highly attractive Buying opportunity.