HKFoods: Cancellation of treasury shares has no impact on our estimates

Translation: Original published in Finnish on 03/21/2025 at 08:43 am EET
HKFoods announced on Thursday that it would cancel treasury shares. The measure does not affect our estimates, as we have incorporated the treasury shares in our estimate model as if the shares did not exist. The number of shares decreases by 9.14%. The number of series A shares will decrease by 8.95% and the number of series K shares by 12.31%. After the cancellation, the total number of shares in HKFoods is 89,910,373 shares. The majority of the canceled shares ended up with the company when it sold its Swedish subsidiary to Lantmännen in March 2024 and received a significant number of its own shares previously owned by Lantmännen as part of the purchase price.
HKFoods
HKFoods operates in the food industry. Within the Group, there are a number of subsidiaries with the business of selling, marketing, and producing meat products of pig, beef, and poultry. The Group operates the entire value chain, from slaughter, cutting to processing and resale of the raw materials. HKFoods has the largest operations in the Nordic market. The head office is located in Turku.
Read more on company pageKey Estimate Figures17.02
2024 | 25e | 26e | |
---|---|---|---|
Revenue | 1,001.8 | 1,047.3 | 1,068.3 |
growth-% | -13.9 % | 4.5 % | 2.0 % |
EBIT (adj.) | 27.7 | 28.8 | 29.6 |
EBIT-% (adj.) | 2.8 % | 2.8 % | 2.8 % |
EPS (adj.) | -0.05 | 0.02 | 0.07 |
Dividend | 0.09 | 0.00 | 0.06 |
Dividend % | 11.1 % | 4.6 % | |
P/E (adj.) | - | 76.69 | 17.60 |
EV/EBITDA | 4.09 | 4.37 | 4.17 |