Daily Brief Industrials: J&T Global Express , Comer Industries SpA, Norcros PLC, Emerson Electric Co, Controladora Vuela Cia-Adr, Lassila & Tikanoja Oyj, Lsi Industries and more

• On April 9, J&T disclosed operating stats from Q124 — a positive surprise
• We welcome the disclosure, but J&T should also explain X-border’s demise
• We believe J&T’s China operation remains far less profitable than its peers’

• Comer Industries, an Italian family-owned company, specializes in producing mission-critical components for agricultural and construction vehicles.

• Operating under an asset-light assembler business model in an industry marked by consolidation and significant barriers to entry, Comer Industries has consistently delivered impressive returns on capital, boasting a ROCE exceeding 20% for the past three years.

• Despite its strong performance, the company’s shares trade at a normalized 12.4% free cash flow yield and a 7.2 EV/EBIT, considerably lower than industry peers.

• Norcros plc is a United Kingdom-based supplier of bathroom and kitchen products.
• The principal activities of the Company and its subsidiaries are the design, manufacture, and distribution of a range of bathroom and kitchen products, mainly in the United Kingdom and South Africa.
• In the United Kingdom, it offers a range of bathroom and kitchen products for domestic and commercial applications.

• Emerson has undergone significant portfolio transformations, reducing from five business lines to two by 2021
• Incoming CEO Lal Karsanbhai announced strategic actions including selling InSinkErator and a majority stake in Climate Tech, while acquiring stakes in AspenTech and National Instruments
• These moves aimed to further position Emerson as a provider of commercial refrigeration systems, consumer controls, software for process industries, and digital test equipment.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• VLRS is Mexico’s largest ultra-low-cost carrier with Indigo Partners as a key shareholder, benefiting from favorable negotiated aircraft pricing with Airbus
• Despite a decline in stock price, the company’s business model and profit profile remain unchanged
• VLRS has faced temporary challenges but is positioned to benefit from a more rational airline market in Mexico following the demise of Interjet

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• L&T has expanded its focus to waste and environmental services, as well as facility services
• Despite temporary issues and lack of guidance, L&T remains competitively positioned in the local market
• The company plans to sell its low-margin Facility Services businesses, which could drive value realization and make it an attractive investment opportunity with potential for buyout interest.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• LSI Industries, Inc. (LYTS) provides corporate visual image solutions in various markets through its Lighting and Graphic segments
• The company focuses on maintaining a strong balance sheet and generating sustainable free cash flow to drive up share price
• Management’s dedication to shareholder value makes LSI Industries an attractive investment opportunity with a double-digit FCF yield

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.