Betolar
0.78
EUR
+4 %
BETOLAR
First North Finland
Industrial Goods & Services
Industrials
1,242 following
+4%
-8.24%
-22.77%
-33.9%
-24.64%
-39.77%
-23.9%
-
-
-88.11%
www.betolar.com/investors
Betolar is a pioneering materials technology company focusing on turning industrial side streams into value. Betolar offers continuous competitive edge to the construction industry and enable the transition towards a sustainable built environment - socially, environmentally and economically.
P/E (adj.) (24e)
-2.12
EV/EBIT (adj.) (24e)
-1.63
P/B (24e)
2.1
Dividend yield-% (24e)
-
Target price
1.00 EUR
Recommendation
Reduce
Updated
4.11.2024
First North Finland
BETOLAR
Daily low / high price
0.75 / 0.78
EUR
Market cap
16.82M EUR
Turnover
3.16K EUR
Volume
4.1K
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
Antti Viljakainen
Head of Research
Tommi Saarinen
Analyst
Latest videos
Financial calendar
Annual report
05.02.2025
General meeting
27.03.2025
Business review
24.04.2025
Interim report
18.07.2025
Business review
28.10.2025
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.0 | 0.0 | 0.3 | 0.5 | 1.0 | 3.1 | 9.1 | 12.8 |
| growth-% | -14.3 % | 66.7 % | 2,770.0 % | 79.4 % | 84.9 % | 223.5 % | 195.5 % | 40.6 % |
| EBITDA | -1.1 | -4.8 | -10.0 | -11.2 | -6.0 | -3.6 | -1.2 | 0.8 |
| EBIT (adj.) | -1.4 | -5.5 | -11.5 | -13.3 | -8.0 | -5.0 | -2.7 | -0.7 |
| EBIT | -1.4 | -5.5 | -11.5 | -13.3 | -8.0 | -5.0 | -2.7 | -0.7 |
| Profit before taxes | -1.4 | -5.6 | -11.9 | -13.2 | -7.9 | -5.6 | -3.3 | -1.0 |
| Net income | -1.4 | -4.1 | -11.8 | -13.2 | -7.9 | -5.6 | -3.3 | -1.0 |
| EPS (adj.) | -0.07 | -0.21 | -0.61 | -0.67 | -0.37 | -0.26 | -0.15 | -0.05 |
| growth-% | ||||||||
| Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend ratio |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | -17,550.0 % | -47,770.0 % | -3,480.1 % | -2,171.1 % | -632.2 % | -118.0 % | -12.9 % | 6.5 % |
| EBIT-% (adj.) | -22,883.3 % | -55,130.0 % | -4,013.2 % | -2,574.8 % | -843.8 % | -161.9 % | -29.3 % | -5.1 % |
| EBIT-% | -22,883.3 % | -55,130.0 % | -4,013.2 % | -2,574.8 % | -843.8 % | -161.9 % | -29.3 % | -5.1 % |
| ROE | -148.6 % | -20.7 % | -36.4 % | -65.4 % | -72.8 % | -105.9 % | -406.6 % | -679.5 % |
| ROI | -147.2 % | -27.4 % | -33.7 % | -53.7 % | -44.6 % | -37.5 % | -30.6 % | -7.9 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 5.74 | 6.30 | 3.05 | 1.20 | 0.78 | 0.78 | 0.78 | 0.78 |
| Shares | 19.4 | 19.4 | 19.5 | 19.6 | 21.6 | 21.6 | 21.6 | 22.0 |
| Market cap | 111.6 | 122.5 | 59.5 | 23.4 | 16.8 | 16.8 | 16.8 | 17.2 |
| Enterprise value | 111.0 | 85.5 | 35.9 | 14.7 | 13.1 | 18.8 | 22.6 | 22.4 |
| EV/S | 18,494.1 | 8,551.8 | 125.1 | 28.6 | 13.8 | 6.1 | 2.5 | 1.7 |
| EV/EBITDA | - | - | - | - | - | - | - | 27.0 |
| EV/EBIT (adj.) | - | - | - | - | - | - | - | - |
| EV/EBIT | - | - | - | - | - | - | - | - |
| P/E (adj.) | - | - | - | - | - | - | - | - |
| P/E | - | - | - | - | - | - | - | - |
| P/B | 79.0 | 3.2 | 2.2 | 1.7 | 2.1 | 6.8 | - | 15.1 |
| P/S | 18,601.4 | 12,249.7 | 207.4 | 45.5 | 17.7 | 5.5 | 1.8 | 1.3 |
| Dividend yield | ||||||||
| Equity ratio | 77.8 % | 91.4 % | 83.2 % | 64.9 % | 46.7 % | 21.0 % | -9.6 % | 10.4 % |
| Gearing ratio | -45.6 % | -96.3 % | -88.8 % | -63.2 % | -46.3 % | 78.4 % | -686.2 % | 456.8 % |
Quarter data
| Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24e | Q4/24e | 2024e | Q1/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.4 | 0.5 | 0.3 | 0.7 | 1.0 | ||||
| EBITDA | -5.0 | -11.2 | -3.6 | -2.4 | -6.0 | ||||
| EBIT | -6.2 | -13.3 | -4.7 | -3.4 | -8.0 | ||||
| Profit before taxes | -6.1 | -13.2 | -4.6 | -3.4 | -7.9 | ||||
| Net income | -6.2 | -13.2 | -4.6 | -3.4 | -7.9 |
ShowingAll content types
Betolar Q3'24: Long road to commercial breakthrough
Betolar Oyj: Correction: Betolar Plc's Business Review 1-9/2024: New partnerships in the mining business
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Betolar Q3, Webcast, 2024
Betolar Oyj: Betolar Plc's Business Review 1-9/2024: New partnerships in the mining business
Betolar Oyj: Betolar Plc: Publishing of Business Review for January-September 2024 and invitation to online briefing
Betolar Oyj: Betolar and Hycamite have signed a commercial agreement to test carbon nanofibers as concrete additive
Betolar Oyj: Betolar Plc - Managers' Transactions (Wirkkala, Mikko)
Betolar Oyj: Betolar Plc - Managers' Transactions (Söderström, Soila)
Betolar Oyj: Betolar Plc - Managers' Transactions (Kalpala, Tuija)
Betolar Oyj: Betolar executes MoU with Latitude 66 to collaborate on sustainable mining in Finland
Betolar Oyj: Change in the Composition of Betolar Plc's Shareholders' Nomination Board
Betolar Oyj: Betolar Plc: Managers' Transactions - Voima Ventures Fund II Ky
Betolar Oyj: Betolar Plc: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (Ahlström Invest B.V.)
Betolar Oyj: Betolar Plc: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (Nidoco AB)
Betolar Oyj: New shares subscribed for in Betolar Plc's directed share issue have been registered with the Finnish Trade Register
Betolar Oyj: Betolar Plc: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (Nidoco AB)
Betolar Oyj: Inside information: Betolar Plc successfully completes directed share issue of 1,960,688 new shares raising EUR 2.35 million
Betolar H1'24: Sales efforts must be prioritized
