Risk factor
Strong & resilient to price shocks
Profitability factor
Solid dividends
About
Cargotec Corporation serves as a global provider of advanced solutions for cargo and load management. The company's business activities are structured into three main operating divisions: Kalmar, Hiab, and MacGregor. The Kalmar segment delivers robust cargo handling equipment, state-of-the-art automated terminal systems, specialized software, and a range of supportive services. These offerings cater to a wide array of clients, including seaports, shipping terminals, distribution centers, and various industrial sectors. Its extensive product lineup features heavy machinery such as ship-to-shore cranes, gantry cranes (both rubber-tyred and rail-mounted), straddle and shuttle carriers, reachstackers, container handlers (for empty units), terminal tractors, versatile forklift trucks, and automated guided vehicles. Kalmar further enhances its portfolio with comprehensive automation systems, Bromma brand spreaders, and essential after-sales services like maintenance agreements, expert technical support, spare parts supply, training courses, and crane upgrade projects. Hiab is focused on providing a diverse selection of on-road load handling equipment. This includes its well-known loader cranes, available under the HIAB, EFFER, and ARGOS brands; practical truck-mounted forklifts, branded MOFFETT and PRINCETON; specialized cranes for forestry and recycling operations, offered as LOGLIFT and JONSERED; MULTILIFT brand hooklifts and skiploaders; and reliable tail lifts, distributed under the ZEPRO, DEL, and WALTCO names. Furthermore, Hiab supports its products with the HiConnect digital platform, Hiab ProCare maintenance programs, and the innovative HiVision crane operating system. The MacGregor division concentrates on delivering marine cargo and load handling solutions, complemented by vital maintenance services for maritime applications. Cargotec Corporation was established in 2005, and its corporate headquarters are located in Helsinki, Finland.
Company Valuation
From both historical and forecast perspectives, the stock is fairly priced compared to similar stocks. In particular, the stock is reasonably priced on P/E, of fair value
Target Price
The average target price of HIAB.HE is 62 and suggests 14% upside potential. Usually, this means a HOLD recommendation among investment firms. This neutral recommendation