Duell

0.039 EUR

-2.5 %

DUELL

First North Finland

Retailers

Consumer Goods & Services

1,779 following

-2.5%

-13.14%

+11.11%

+8.33%

+14.04%

+38.99%

-92.71%

investors.duell.eu/en

Duell is an import company. The company's own and imported products are sold through a distribution network covering the European markets. Duell’s range of imported products includes equipment, accessories and spare parts for motorcycling, snowmobiling. boating, bicycling, ATVs/UTVs, mopeds and scooters. The company was founded in 1983 and its headquarters is located in Mustasaari, Finland.

P/E (adj.) (25e)

9.4

EV/EBIT (adj.) (25e)

7.91

P/B (25e)

0.76

Dividend yield-% (25e)

2.56 %

Target price

0.05 EUR

Recommendation

Accumulate

Updated

10.10.2024

First North Finland

DUELL

Daily low / high price

0.038 / 0.041 EUR

Market cap

40.5M EUR

Turnover

12.1K EUR

Volume

304K

Business risk

Valuation risk

Current

Tommi Saarinen

Analyst

Petri Gostowski

Co. Head of Research

Latest videos

Duell, Q4'24

09.10.2024

Duell Q2'24 – Thursday, Apr. 4 at 10:30 am EEST

04.04.2024

Duell Q4'23 – Monday, Oct. 9 at 10:30 am EEST

09.10.2023

Financial calendar

Business review

16.01.2025

Interim report

10.04.2025

Business review

03.07.2025

Annual report

16.10.2025

General meeting

25.11.2025

Income statement

	2021	2022	2023	2024	2025e	2026e	2027e	2028e
Revenue	76.8	124.0	118.8	124.7	129.5	134.7	138.7	142.9
growth-%	29.1 %	61.5 %	-4.2 %	4.9 %	3.9 %	4.0 %	3.0 %	3.0 %
EBITDA	8.3	7.4	4.3	4.6	8.1	9.0	9.1	9.4
EBIT (adj.)	8.0	8.7	4.6	6.2	7.4	8.3	8.3	8.5
EBIT	7.3	4.9	1.0	0.8	4.4	5.5	5.5	5.7
Profit before taxes	4.6	3.0	-2.4	-1.7	2.8	4.3	4.5	4.8
Net income	3.3	1.9	-2.8	-2.6	1.3	2.5	2.6	2.8
EPS (adj.)	0.16	0.23	0.04	0.00	0.00	0.01	0.01	0.01
growth-%		40.4 %	-81.5 %	-93.7 %	57.5 %	21.8 %	3.0 %	3.7 %
Dividend	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend ratio					78.4 %	63.2 %	59.4 %	62.5 %

Profitability and return on capital

	2021	2022	2023	2024	2025e	2026e	2027e	2028e
EBITDA-%	10.8 %	6.0 %	3.6 %	3.7 %	6.2 %	6.7 %	6.6 %	6.6 %
EBIT-% (adj.)	10.5 %	7.0 %	3.9 %	5.0 %	5.7 %	6.1 %	6.0 %	6.0 %
EBIT-%	9.5 %	4.0 %	0.9 %	0.7 %	3.4 %	4.1 %	4.0 %	4.0 %
ROE	37.8 %	9.1 %	-8.2 %	-5.9 %	2.5 %	4.6 %	4.8 %	5.0 %
ROI	17.8 %	7.4 %	1.3 %	1.1 %	5.4 %	6.8 %	6.9 %	7.2 %

Valuation

	2021	2022	2023	2024	2025e	2026e	2027e	2028e
Share price (EUR)	5.16	2.25	1.03	0.03	0.04	0.04	0.04	0.04
Shares	25.4	25.4	30.5	1,038.6	1,038.6	1,038.6	1,038.6	1,038.6
Market cap	131.3	57.3	31.5	36.0	40.5	40.5	40.5	40.5
Enterprise value	170.0	101.8	69.7	55.6	58.2	56.5	54.7	52.8
EV/S	2.2	0.8	0.6	0.4	0.4	0.4	0.4	0.4
EV/EBITDA	20.4	13.8	16.2	12.2	7.2	6.2	6.0	5.6
EV/EBIT (adj.)	21.1	11.7	15.2	9.0	7.9	6.8	6.6	6.2
EV/EBIT	23.3	20.8	67.0	66.1	13.3	10.3	9.9	9.2
P/E (adj.)	32.1	10.0	24.7	13.2	9.4	7.7	7.5	7.2
P/E	39.4	29.7	-	-	30.6	16.4	15.4	14.3
P/B	12.5	1.8	0.9	0.7	0.8	0.7	0.7	0.7
P/S	1.7	0.5	0.3	0.3	0.3	0.3	0.3	0.3
Dividend yield					2.6 %	3.9 %	3.9 %	4.4 %
Equity ratio	15.2 %	33.4 %	38.6 %	55.0 %	56.4 %	57.6 %	58.8 %	60.2 %
Gearing ratio	367.6 %	139.9 %	103.7 %	37.9 %	33.3 %	29.3 %	25.6 %	21.7 %

Quarter data

	Q1/24	Q2/24	Q3/24	Q4/24	2024	Q1/25e	Q2/25e	Q3/25e	Q4/25e
Revenue	27.0	28.2	37.9	31.6	124.7	27.8	28.8	40.0	32.8
EBITDA	-0.2	-0.6	3.2	2.1	4.6	0.5	1.6	3.9	2.0
EBIT	-1.1	-1.4	2.2	1.2	0.8	-0.4	0.7	3.0	1.1
Profit before taxes	-1.8	-2.3	1.5	0.9	-1.7	-0.9	0.3	2.6	0.8
Net income	-1.8	-2.5	0.8	0.9	-2.6	-0.8	0.0	1.7	0.4

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Regulatory press releaseyesterday

Duell

0.039

EUR