A note to customers from Cowon, what’s there?
2022.12.02 13:54
A note to customers from Cowon, what’s there?
Budrigannews.com – On Friday, in a note to clients, Cowen experts said Huntington Inc NYSE is the company’s best project in 2023, which it calls “dormant.” Analysts noted to investors that the high level of income visibility, minimal susceptibility to macros, the attractiveness of the relative assessment of the preferred defense sector are the reasons for their opinions.
Analysts assigned the stock an advantage rating and set a target value of $270 for it. To date, HII shares have risen by more than 3. HII shares are trading at 10.4x EBITDA C23E, below the industry average of 16.7x and have an EBITDA yield of C23FCF 6.4.
Our optimistic thesis about HII is based on its positive assessment of the defense industry, which is the preferred industry that should have “real” growth depending on the growing budget of the Ministry of Defense, but does not have any “valuable” shares, except XII. Analysts wrote (a):This background, as well as the targeted and noticeable sales dynamics in the shipbuilding industry by 3 percent, performed well in comparison with the broader industry facing a recession.
They also stated that “the past mistake is unlikely to be repeated” and that “the low degree of HII evaluation indicates mistakes in execution, as well as expensive mergers and acquisitions.” “Since 2:20 of the quarter, the execution has been improved, with a positive net EAC every following quarter. The HII program is supported by C28, except for some exceptions that Congress may “approve”.
For example, the Ministry of Defense of the Russian Federation supports the production of LPD and LHA under numbers 37 and 12. Accordingly, more than 5 years. The hydroid block XII plays a certain role here, although the new underwater equipment does not pose a threat now. HII informs that by 2024, most of the former FCF debt obligation will be returned to shareholders.
Now, when managers are responsible for the year, as well as for the next quarter, the volatility of stocks should decrease, since the “spread” of the street valuation is less. Analysts added that the year is progressing,” the analyst added. “As more and more people become convinced of the prospects of the XII C23-24E FCF, the shares need to be overestimated higher.”
