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FormerXBC Inc XEBEQ

Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification, associated gas, engineering services, and air dryers. The company's geographical segments are United States, Canada, China, Other, Korea, Italy, and France.


GREY:XEBEQ - Post by User

Post by tamaracktopon Jan 28, 2022 7:26am
168 Views
Post# 34370127

Toronto Dominion on Xebec a year ago

Toronto Dominion on Xebec a year agoTo be fair January 14, 2021:

  Rating and Target Price Changes Our rating and target price changes are summarized in Exhibit 2, and we note the following: Ballard (BLDP-Q, HOLD, US$40.00 TP): We are increasing our target price to US$40.00 from US$27.00 previously. Our revised target price contemplates a 25.0x terminal multiple (15.0x previously) for both its core operations and its Weichai joint venture and inconsequential changes to our WACC calculation. The current share price implies a 9.4% return to target and, as a result, we are downgrading the stock to HOLD (from Speculative Buy previously). See Exhibit 3 for details.

Xebec (XBC-T, BUY, $17.50 TP): We are increasing our target price to $17.50 from $12.50 previously. Our revised target price contemplates a 25.0x terminal multiple (15.0x previously) for its Cleantech Systems segment, with our Industrial Service and Support (10.0x) and Infrastructure (15.0x) segment multiples remaining unchanged. See Exhibit 4 for details.
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