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Posted by
Two Blokes Jun 22 -
Filed in
Stock
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3 views
Fugro's Q1 2024 results showed weaker revenue and margins, but management remains confident in achieving mid-term EBIT margin targets. Strong free cash flow generation and a healthy balance sheet position Fugro well, with net debt at just 0.5x trailing EBITDA despite heavy capex. Current valuation is attractive, with Fugro trading at a low EV/EBITDA multiple and consensus estimates projecting significant EBITDA growth by 2027.
