NX Filtration $NXFIL notes

First considered at EUR 10,70 https://sinaas.blogspot.com/2023/12/nx-filtration-share-price-down-41.html  

The stock seemed expensive at that price. 

Now at EUR 3,- it is 72% cheaper. 

Market cap EUR 177m  / 15 multiple is "needed" Net Earnings of EUR 12m

Loss last year EUR 25m , factory is now open. 

$54m in cash which they expect to be enough to get to a profit. 

It is unclear what the production capacity is of the factory and future expected profit. 

Book value: EUR 2,7 

Conclusion: Too difficult pile. Could be a buy at EUR 1,- per share.