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Bullboard - Stock Discussion Forum NFI Group Inc T.NFI

Alternate Symbol(s):  NFYEF | T.NFI.DB

Industrials
NFI Group Inc. is a Canada-based independent bus and coach manufacturer. The Company specializes in zero-emission electric mass mobility solutions. Its segments include Manufacturing Operations and Aftermarket Operations. Manufacturing Operations segment includes design, manufacture, service and support of new transit buses, motor coaches, medium-duty, cutaway buses, and installation of... see more

TSX:NFI - Post Discussion

NFI Group Inc > National Bank increase target price to $12.00
View:
Post by 1northumberland on Jun 07, 2023 12:28pm

National Bank increase target price to $12.00

These instalment receipts are a huge deal
Comment by pibopibopibopib on Jun 07, 2023 2:35pm
Valuation We previously valued the stock by applying a 7.0x EV/EBITDA multiple to our 2024 forecast. However, with NFI’s credit agreements now renewed and the equity overhang in the rearview mirror, we are comfortable increasing our valuation multiple to 7.5x, highlighting that 2024 will still be a relatively depressed earnings year for the company. Our target is therefore $12.00 (versus ...more  
Comment by pibopibopibopib on Jun 07, 2023 2:42pm
The reason than Cameron Doerksen is lower on the stock is about dilution and some problems continu in earlier 2023 (suplychain and inflation). But the valuation higher 7.50x EV/EBITDA multiple compensatate for.
NFI Group Inc
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