2025-06-11-Jefferies-安百拓（EPIA）_邀请_山特维克矿山和岩石技术公司炉边谈话-_2025年结构性赢家系列_7页_195kb

Epiroc Equity Research Summary

Key Points

• Company Overview: Epiroc AB is a Swedish manufacturer specializing in mining and infrastructure equipment, including drill rigs, loaders, and rock drilling tools. Headquartered in Stockholm with manufacturing facilities in multiple countries.

• Rating and Price Target: Analysts at Jefferies rate Epiroc "BUY" with a 12-month price target of SEK 250.00, representing a +17% potential increase from the current SEK 214.10. Valued based on 18.5x 2025 EBITDA.

• Strengths:

  • Market leader in critical mining niches.
  • High aftermarket exposure.
  • Innovation-driven culture supporting productivity in the shift to electric and autonomous mining equipment.
  • Identified as a structural winner in recent reports.

• Risks:

  • Potential for subdued construction and aggregates markets.
  • Weaker mining production, especially in gold and copper sectors.
  • Risk if capital allocation strategy fails to deliver targeted growth or returns.

• Upcoming Event: Invitation for a fireside chat with CEO Helena Hedblom on June 13, 2025, at 14:00 BST, discussing the company's position in the evolving mining industry. Registration required via provided link.

• Additional Context: Epiroc's stock has a 52-week high of SEK 225.70 and low of SEK 167.55. Analysts emphasize independence and no compensation ties to recommendations.