Equita Sim analyst maintained a Buy rating on Sabaf Technology and Safety today and set a price target of €18.00.
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analyst has given his Buy rating due to a combination of factors, primarily the company’s resilience in a difficult market and attractive valuation. Sabaf reported only a slight decline in first-quarter sales and margins despite facing its toughest comparison base, adverse currency effects, and weak appliance demand in North America, underscoring solid competitive positioning and ongoing market share gains.
Management’s indication of a broad-based recovery in April sales and May orders supports expectations for revenue growth and stable profitability for the full year, allowing the analyst to keep estimates unchanged. With the stock trading at modest EV/EBITDA and P/E multiples under still-depressed demand in EMEA and North America, the unchanged €18 price target reflects upside potential when the sector normalizes and Sabaf can leverage its higher market share into stronger operating results.