Alexandria Group

8.5 EUR

ALEX

First North Finland

Financial Services

Financials

1,515 following

-1.16%

-0.58%

+5.59%

+36.22%

+41.67%

+3.28%

+4.05%

www.alexandria.fi/sijoittajat/tietoa-sijoittajille

Alexandria Group is active in the financial sector. The company provides investment and savings solutions with associated financial services. Furthermore, the services are offered via the digital platform, mainly aimed at private investors. The company conducts business operations in the Nordic market with the largest presence in Finland. The company was founded in 1996 and is headquartered in Helsinki.

P/E (adj.) (24e)

10.79

EV/EBIT (adj.) (24e)

8.01

P/B (24e)

2.62

Dividend yield-% (24e)

7.11 %

Target price

8.50 EUR

Recommendation

Reduce

Updated

22.8.2024

First North Finland

ALEX

Daily low / high price

Market cap

88.57M EUR

Turnover

Volume

Business risk

Valuation risk

Current

Kasper Mellas

Analyst

Latest videos

Alexandria H1 2024 tulosjulkistus

22.08.2024

Financial calendar

Annual report

13.02.2025

Income statement

	2020	2021	2022	2023	2024e	2025e	2026e	2027e
Revenue	34.8	47.7	38.2	44.4	45.8	46.7	49.7	52.0
growth-%	16.4 %	37.1 %	-19.9 %	16.2 %	3.2 %	2.1 %	6.4 %	4.5 %
EBITDA	9.7	14.6	8.7	13.2	13.0	12.6	13.4	13.8
EBIT (adj.)	7.2	13.1	6.2	11.0	10.8	10.4	11.2	11.4
EBIT	6.8	11.6	5.5	10.3	10.0	9.6	10.4	10.6
Profit before taxes	6.8	11.6	5.5	10.3	10.0	9.6	10.4	10.6
Net income	3.9	8.7	3.9	8.1	7.3	7.0	7.5	7.7
EPS (adj.)	0.46	1.02	0.44	0.84	0.79	0.75	0.79	0.80
growth-%	848.1 %	122.5 %	-56.7 %	89.8 %	-6.3 %	-5.1 %	5.9 %	1.3 %
Dividend	0.32	0.62	0.37	0.78	0.60	0.64	0.65	0.69
Dividend ratio	77.4 %	71.0 %	100.1 %	100.9 %	85.0 %	96.0 %	91.4 %	94.6 %

Profitability and return on capital

	2020	2021	2022	2023	2024e	2025e	2026e	2027e
EBITDA-%	27.8 %	30.6 %	22.7 %	29.8 %	28.5 %	27.0 %	27.0 %	26.6 %
EBIT-% (adj.)	20.6 %	27.4 %	16.3 %	24.8 %	23.6 %	22.3 %	22.4 %	22.0 %
EBIT-%	19.4 %	24.2 %	14.3 %	23.2 %	21.9 %	20.6 %	20.8 %	20.4 %
ROE	22.9 %	34.6 %	13.4 %	26.1 %	21.7 %	20.7 %	21.8 %	21.8 %
ROI	35.8 %	43.8 %	18.2 %	30.0 %	25.6 %	24.7 %	26.4 %	27.0 %

Valuation

	2020	2021	2022	2023	2024e	2025e	2026e	2027e
Share price (EUR)	6.47	8.05	6.28	6.24	8.50	8.50	8.50	8.50
Shares	9.3	10.0	10.4	10.4	10.3	10.4	10.5	10.6
Market cap	60.5	80.5	65.4	65.0	87.7	88.6	89.4	90.3
Enterprise value	48.9	63.4	53.7	60.9	86.6	81.4	81.0	80.4
EV/S	1.4	1.3	1.4	1.4	1.9	1.7	1.6	1.5
EV/EBITDA	5.1	4.3	6.2	4.6	6.6	6.5	6.0	5.8
EV/EBIT (adj.)	6.8	4.9	8.6	5.5	8.0	7.8	7.3	7.0
EV/EBIT	7.2	5.5	9.8	5.9	8.7	8.4	7.8	7.6
P/E (adj.)	14.1	7.9	14.2	7.4	10.8	11.4	10.7	10.6
P/E	15.6	9.2	17.0	8.1	12.0	12.7	11.9	11.7
P/B	2.9	2.7	2.4	1.9	2.6	2.6	2.6	2.5
P/S	1.7	1.7	1.7	1.5	1.9	1.9	1.8	1.7
Dividend yield	5.0 %	7.7 %	5.9 %	12.5 %	7.1 %	7.6 %	7.7 %	8.1 %
Equity ratio	61.2 %	70.2 %	69.7 %	76.1 %	74.4 %	76.1 %	77.1 %	78.7 %
Gearing ratio	-55.8 %	-62.5 %	-48.6 %	-18.7 %	-18.3 %	-21.0 %	-24.1 %	-27.5 %

Quarter data

	Q4/23	2023	Q2/24	Q4/24e	2024e
Revenue	24.1	44.4	23.6	22.2	45.8
EBITDA	8.3	13.2	6.9	6.2	13.0
EBIT	6.8	10.3	5.4	4.7	10.0
Profit before taxes	6.8	10.3	5.4	4.7	10.0
Net income	5.7	8.1	3.9	3.5	7.3

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Regulatory press release18 hours ago