Earnings Poll: Norway's Stolt-Nielsen Q1 EBIT seen up 5 pct

Stolt-Nielsen

09/04/2018 14:54

* Stolt-Nielsen first-quarter results
    * Due on April 12

    OSLO, April 9 (Reuters) - Following is a summary of analyst estimates for Oslo-listed chemical tanker firm
Stolt-Nielsen's  SNI.OL  results in the first quarter of 2018, and full years 2018, 2019 and 2020 (in millions of
dollars, except earnings per share and dividend which are in dollars, and target share price in Norwegian crowns):  
 2017/18:Q1                                                                                Yr Ago    Change%    Prev.Q
                                                     Mean   Median     High     Low  No                       
 Revenue                                              508      515      529     471   5       476       6.79       507
 EBITDA                                               120      121      132     106   4       116       3.27       122
 EBIT (Excl. Non-recurring Items)                    51.0     51.0     63.0    41.5   5      50.5       0.91      52.7
 Non-recurring items                                 0.00     0.00     0.00    0.00   5     -2.00        n/a     -14.4
 EBIT                                                51.0     51.0     63.0    41.5   5      48.4       5.29      38.3
  - Parcel Tankers                                   26.8     27.4     32.0    20.4   4      28.5      -6.04      20.4
  - Terminals                                        15.3     15.4     18.0    12.4   4      16.7      -8.38      5.40
  - Tank Containers                                  15.5     16.5     17.0    12.1   4      9.00      72.56      17.0
  - Sea farm                                         0.03     0.55     2.00   -3.00   4     -1.20        n/a      4.90
  - Eliminations, Corporate & other businesses      -6.68    -6.50    -3.90   -9.80   4     -4.40     -51.82     -9.40
 Pretax Profit                                       17.4     17.0     32.0    8.40   5      17.6      -1.14      4.20
 Net Profit                                          39.7     40.0     52.0    32.7   5      15.2     161.05      1.10
 EPS                                                 0.64     0.65     0.84    0.53   5      0.25        156      0.02
                                                                                                                      
 2017/18                                                                                   Yr Ago    Change%          
                                                     Mean   Median     High     Low  No                       
 Revenue                                            2 096    2 102    2 126   2 052   4     1 997       4.95          
 EBITDA                                               495      487      534     473   4       473       4.67          
 EBIT (Excl. Non-recurring Items)                     225      216      262     208   4       210       7.04          
 Non-recurring items                                 0.00     0.00     0.00    0.00   4     -15.8        n/a          
 EBIT                                                 225      216      262     208   4       194      15.74          
 Pretax Profit                                       96.8     85.5      144    72.0   4      62.4      55.05          
 Net Profit                                           107     99.5      143    86.0   4      50.3     112.72          
 EPS                                                 1.73     1.61     2.31    1.39   4      0.81     113.58          
 Dividend per share                                  0.75     0.75     1.00    0.50   4      0.75          0          
 Net Debt                                           2 342    2 345    2 407   2 272   4     2 562      -8.59          
                                                                                                                      
 2018/19                                                                                                              
                                                     Mean   Median     High     Low  No                       
 Revenue                                            2 169    2 170    2 210   2 127   4                               
 EBITDA                                               534      536      570     492   4                               
 EBIT (Excl. Non-recurring Items)                     266      276      298     216   4                               
 Non-recurring items                                 0.00     0.00     0.00    0.00   4                               
 EBIT                                                 266      276      298     216   4                               
 Pretax Profit                                        144      153      189    81.0   4                               
 Net Profit                                           125      138      155    68.0   4                               
 EPS                                                 2.02     2.23     2.50    1.10   4                               
 Dividend per share                                  0.88     1.00     1.00    0.50   4                               
 Net Debt                                           2 185    2 132    2 422   2 055   4                               
                                                                                                                      
 2019/20                                                                                                              
                                                     Mean   Median     High     Low  No                       
 Revenue                                            2 247    2 259    2 307   2 174   3                               
 EBITDA                                               558      573      601     500   3                               
 EBIT (Excl. Non-recurring Items)                     279      296      317     224   3                               
 Non-recurring items                                 0.00     0.00     0.00    0.00   3                               
 EBIT                                                 279      296      317     224   3                               
 Pretax Profit                                        166      196      213    88.0   3                               
 Net Profit                                           143      175      180    75.0   3                               
 EPS                                                 2.32     2.83     2.91    1.21   3                               
 Dividend per share                                  1.17     1.00     2.00    0.50   3                               
 Net Debt                                           1 966    1 749    2 419   1 730   3                               
    
    NOTES:
    - Data provided by Inquiry Financial Europe AB (http://www.consensusestimates.com)
    - "No." denotes the number of estimates
    - The following brokerages and investment banks participated:
    
 Firm                           Target price  Outlook
 Norne Securities               125           Buy
 Clarksons Platou Securities    157           Buy
 DNB Markets                    143           Buy
 Pareto Securities              130           Buy
 SEB Equities                   n/a           n/a
 
 (Reporting by Camilla Knudsen)
 ((camilla.knudsen@thomsonreuters.com; +47 2331 6595; Reuters Messaging:
camilla.knudsen.thomsonreuters.com@reuters.net))