Great! The following figures might sound high at first, but Arvo should be able to achieve earnings of 10 EUR/share quite easily. And that wouldn’t even need to be a peak exit period (when it should make 15-18 EUR). Arvo achieves that 10 EUR/share with a return on equity of just over 8% (equity per share is approx. 120 EUR). In addition to strong dividend payments, the board should get share buybacks moving to address the overcapitalization.
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