Alma Media
11.3
EUR
+0.89 %
ALMA
NASDAQ Helsinki
Media & Entertainment
Consumer Goods & Services
5,594 following
+0.89%
+0.89%
+9.18%
+7.62%
+17.71%
+27.83%
-2.59%
+43.77%
+88.33%
www.almamedia.fi
Alma Media operates in the media sector. Within the company, the main focus is on digital media, where the offer consists of news content that concerns lifestyle, career, and finances. The group has a number of brands, the more well-known of which include Kauppalehti. The customers are located in the Nordic countries, the Baltics, and Europe and consist of private consumers. The head office is located in Helsinki.
P/E (adj.) (24e)
16.74
EV/EBIT (adj.) (24e)
13.94
P/B (24e)
3.91
Dividend yield-% (24e)
4.07 %
Target price
11.00 EUR
Recommendation
Reduce
Updated
20.10.2024
NASDAQ Helsinki
ALMA
Daily low / high price
11.15 / 11.35
EUR
Market cap
930.93M EUR
Turnover
25.1K EUR
Volume
2.2K
Business risk
Valuation risk
Current
Previous
Latest research
Extensive report
Inderes' extensive report is an investor's handbook on customer companies covered by our research.
The latest extensive report was released
Read the reportAnalyst
Petri Gostowski
Co. Head of Research
Latest videos
Financial calendar
Annual report
05.02.2025
General meeting
10.04.2025
Interim report
25.04.2025
Interim report
17.07.2025
Interim report
31.10.2025
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 230.2 | 275.4 | 308.8 | 304.9 | 313.1 | 322.2 | 331.6 | 339.9 |
| growth-% | -8.0 % | 19.6 % | 12.1 % | -1.3 % | 2.7 % | 2.9 % | 2.9 % | 2.5 % |
| EBITDA | 58.9 | 73.5 | 97.2 | 90.6 | 91.4 | 96.7 | 103.8 | 109.1 |
| EBIT (adj.) | 45.3 | 61.1 | 73.4 | 73.6 | 76.4 | 79.6 | 85.1 | 90.4 |
| EBIT | 43.1 | 56.8 | 80.0 | 73.0 | 74.6 | 79.1 | 84.6 | 89.9 |
| Profit before taxes | 42.2 | 56.3 | 86.9 | 68.5 | 67.4 | 73.8 | 80.8 | 86.7 |
| Net income | 27.5 | 43.6 | 72.4 | 56.2 | 53.6 | 57.7 | 63.2 | 67.8 |
| EPS (adj.) | 0.36 | 0.58 | 0.72 | 0.66 | 0.68 | 0.71 | 0.78 | 0.83 |
| growth-% | -3.4 % | 61.4 % | 23.5 % | -8.7 % | 3.0 % | 5.0 % | 9.4 % | 7.3 % |
| Dividend | 0.30 | 0.35 | 0.44 | 0.45 | 0.46 | 0.47 | 0.48 | 0.50 |
| Dividend ratio | 89.9 % | 66.1 % | 50.0 % | 65.7 % | 70.5 % | 66.8 % | 62.4 % | 60.5 % |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 25.6 % | 26.7 % | 31.5 % | 29.7 % | 29.2 % | 30.0 % | 31.3 % | 32.1 % |
| EBIT-% (adj.) | 19.7 % | 22.2 % | 23.8 % | 24.1 % | 24.4 % | 24.7 % | 25.7 % | 26.6 % |
| EBIT-% | 18.7 % | 20.6 % | 25.9 % | 23.9 % | 23.8 % | 24.6 % | 25.5 % | 26.5 % |
| ROE | 15.4 % | 25.1 % | 39.3 % | 26.5 % | 23.4 % | 23.4 % | 23.5 % | 22.9 % |
| ROI | 17.4 % | 17.8 % | 20.6 % | 18.4 % | 17.9 % | 19.0 % | 20.2 % | 21.2 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 8.92 | 10.82 | 9.40 | 9.60 | 11.30 | 11.30 | 11.30 | 11.30 |
| Shares | 82.3 | 82.4 | 82.2 | 82.1 | 82.1 | 82.1 | 82.1 | 82.1 |
| Market cap | 733.8 | 891.4 | 772.5 | 787.9 | 927.4 | 927.4 | 927.4 | 927.4 |
| Enterprise value | 755.7 | 1,058.9 | 919.6 | 924.8 | 1,065.9 | 1,047.5 | 1,020.8 | 990.4 |
| EV/S | 3.3 | 3.8 | 3.0 | 3.0 | 3.4 | 3.3 | 3.1 | 2.9 |
| EV/EBITDA | 12.8 | 14.4 | 9.5 | 10.2 | 11.7 | 10.8 | 9.8 | 9.1 |
| EV/EBIT (adj.) | 16.7 | 17.3 | 12.5 | 12.6 | 13.9 | 13.2 | 12.0 | 11.0 |
| EV/EBIT | 17.5 | 18.7 | 11.5 | 12.7 | 14.3 | 13.2 | 12.1 | 11.0 |
| P/E (adj.) | 24.7 | 18.6 | 13.1 | 14.6 | 16.7 | 15.9 | 14.6 | 13.6 |
| P/E | 26.7 | 20.4 | 10.7 | 14.0 | 17.3 | 16.1 | 14.7 | 13.7 |
| P/B | 4.0 | 5.4 | 3.8 | 3.6 | 3.9 | 3.6 | 3.3 | 3.0 |
| P/S | 3.2 | 3.2 | 2.5 | 2.6 | 3.0 | 2.9 | 2.8 | 2.7 |
| Dividend yield | 3.4 % | 3.2 % | 4.7 % | 4.7 % | 4.1 % | 4.2 % | 4.3 % | 4.4 % |
| Equity ratio | 63.7 % | 34.7 % | 45.8 % | 46.3 % | 49.6 % | 53.7 % | 58.1 % | 62.6 % |
| Gearing ratio | -3.1 % | 109.7 % | 69.8 % | 65.8 % | 60.3 % | 48.6 % | 35.0 % | 22.1 % |
Quarter data
| Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 77.9 | 304.9 | 76.3 | 80.0 | 75.1 | 81.8 | 313.1 | 77.3 | 82.7 |
| EBITDA | 20.5 | 90.6 | 19.1 | 23.3 | 26.0 | 23.1 | 91.4 | 20.9 | 24.5 |
| EBIT | 15.9 | 73.0 | 15.0 | 19.2 | 21.5 | 19.0 | 74.6 | 16.5 | 20.1 |
| Profit before taxes | 11.6 | 68.5 | 13.6 | 18.1 | 18.8 | 17.0 | 67.4 | 16.5 | 20.1 |
| Net income | 10.7 | 56.2 | 10.8 | 14.5 | 15.0 | 13.3 | 53.6 | 16.5 | 20.1 |
ShowingAll content types
Alma Media: Alma News Media realises changes in product portfolio - change negotiations to decision
Alma Media Corporation: Share repurchase 19.11.2024
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