3 Undiscovered European Gems With Strong Potential

ENXTLS:SNC Debt to Equity as at Jun 2025

Simply Wall St Value Rating: ★★★★☆☆

Overview: Idun Industrier AB (publ) is an investment holding company that focuses on the manufacture and sale of glass fiber reinforced fat- and oil separators in Sweden, with a market capitalization of approximately SEK4.13 billion.

Operations: Idun generates revenue primarily through its Manufacturing segment, contributing SEK1.35 billion, and its Service & Maintenance segment, adding SEK863.34 million.

Idun Industrier, a smaller player in the Industrials sector, has shown impressive earnings growth of 25.6% over the past year, outpacing the industry’s -0.4%. Its debt to equity ratio has improved significantly from 220.7% to 119.7% in five years, though its net debt to equity remains high at 74.7%. Trading at about 8% below estimated fair value suggests potential undervaluation. Recent financials highlight a solid performance with Q1 revenue reaching SEK 572 million and net income jumping from SEK 3.47 million to SEK 10.65 million compared to last year, reflecting strong operational efficiency and profitability improvements.

OM:IDUN B Debt to Equity as at Jun 2025

Simply Wall St Value Rating: ★★★★★☆

Overview: Meko AB (publ) operates in the automotive aftermarket across several Nordic and Baltic countries, with a market capitalization of approximately SEK6.61 billion.

Operations: Meko AB generates revenue primarily from its operations in Sweden/Norway (SEK6.99 billion), Poland/The Baltics (SEK4.87 billion), and Denmark (SEK4.37 billion). The company’s financial performance is influenced by its diverse geographic presence, with significant contributions also coming from Finland and Sørensen Og Balchen in Norway.

Meko, a nimble player in the European market, shows potential with its strategic moves like warehouse automation in Scandinavia and integration of Elit Polska. Their debt to equity ratio has impressively dropped from 95% to 52.9% over five years, though it remains high at 48.3%. Despite this leverage, Meko’s interest payments are comfortably covered by EBIT at 4.1 times. The company trades significantly below its estimated fair value and boasts a solid earnings growth of 9.7%, outpacing the industry average of -1.7%. Recent bond issuance aims to refinance existing debt while supporting corporate goals and enhancing financial flexibility.

OM:MEKO Debt to Equity as at Jun 2025

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include ENXTLS:SNC OM:IDUN B and OM:MEKO.

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