FCF
Forestry, Paper & Packaging Market Study

FCF regularly engages in research on the forestry, paper and packaging sector based on available data from European timber, paper and packaging manufacturers. The findings are regularly published in the

FCF FORESTRY, PAPER & PACKAGING MARKET STUDY

The FCF Forestry, Paper & Packaging Market Study includes:

Market Fundamentals: Development of key P&L metrics (revenue, EBITDA, EBIT) and profitability metrics (EBITDA-/ EBIT margin)

Market Valuation: Development of valuation multiples (EV / EBITDA, EV / EBIT)

Credit Statistics: Development of relevant credit metrics (net leverage ratio, equity ratio, EBITDA interest cover ratio and loan-to-value ratios), market rating and implied cost of capital (WACC)

Key findings of the FCF Forestry, Paper & Packaging Market Study (July 2023):

  • Revenue Development ’22: +35.3%
  • EBITDA Development ’22: +58.3%
  • EBITDA Margin ‘22: 19.8%
  • EV / EBITDA-Multiple ‘22: 4.9x
  • Net Leverage ’22: 1.5x
  • Equity Ratio ’22: 49.0%
  • Rating ’22: A-
  • WACC ’22: 7.7%

Key findings of the FCF Forestry, Paper & Packaging Market Study (October 2022):

  • Revenue Development ’20-’21: -13.7%
  • EBITDA Development ’20-’21: 26.2%
  • EBITDA Margin ’21: 18.5%
  • EV / EBITDA-Multiple ’21: 9.5x
  • Net Leverage ’21: 1.9x
  • Equity Ratio ’21: 48.2%
  • Rating ’21: BXX
  • WACC ’21: 9.2%
  • Private Equity Deal Count ’21: 32
  • M&A Deal Count ’21: 113

MIDCAP RESEARCH SERIES

Market Research

The FCF market research covers e.g. fundamental analysis of interest rate and margin development in the German corporate lending / debt market, development of the rating and credit standing of banks addressing the German MidCap corporate lending market, etc.

Bank Monitor
Analysis of the historic and current spreads of credit default swaps for banks most active in the German corporate lending market.

Valuation Monitor
The FCF Valuation Monitor is a comprehensive quarterly valuation analysis (e.g. ratios and multiples) for the German small / midcap market segment of selected industry sectors.

Credit Monitor
Comprehensive analysis of the interest rate environment and loan market for corporates in Germany.

Sector Monitor
Research on European listed companies from selected sectors (Automotive Suppliers, Construction Materials, Forestry, Paper & Packaging, Food & Beverages, Logistic & Transportation, Industrial Machinery, Pharma, Recycling, Software, TMT)

NEWS & PRESS

thumbnail of FCF Bank Monitor – Q3 2024

FCF Bank Monitor – Q3 2024 published

On a biannual basis, FCF publishes its FCF Bank-Monitor.  The FCF Bank-Monitor is a research report, based on publicly available data, on the most active and largest 22 banking institutions addressing the German and Austrian

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FCF Bank Monitor – Q1 2024 published

On a quarterly basis, FCF publishes its FCF Bank Monitor. The FCF Bank-Monitor is a research report, based on publicly available data, on the most active and largest 22 banking institutions addressing the German and

Read More »