Etteplan
10.5
EUR
-0.94 %
Corporate customer
ETTE
NASDAQ Helsinki
Industrial Goods & Services
Industrials
4,876 following
Income statement
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 214.8 | 236.5 | 263.3 | 259.7 | 300.1 | 350.2 | 360.0 | 363.3 | 368.0 | 391.9 | 415.5 |
growth-% | 10.1 % | 11.3 % | -1.4 % | 15.6 % | 16.7 % | 2.8 % | 0.9 % | 1.3 % | 6.5 % | 6.0 % | |
EBITDA | 20.8 | 26.0 | 37.5 | 40.4 | 43.7 | 48.6 | 44.4 | 37.1 | 46.6 | 58.9 | 61.7 |
EBIT (adj.) | 17.8 | 22.9 | 24.9 | 27.1 | 30.8 | 35.0 | 32.6 | 27.2 | 31.9 | 39.6 | 42.9 |
EBIT | 15.5 | 20.2 | 22.8 | 22.4 | 25.8 | 28.6 | 25.5 | 18.6 | 26.6 | 34.3 | 37.6 |
Profit before taxes | 14.7 | 19.4 | 21.9 | 21.1 | 24.9 | 22.4 | 20.8 | 13.9 | 22.2 | 30.4 | 34.4 |
Net income | 11.5 | 15.3 | 17.4 | 17.1 | 20.0 | 18.2 | 16.6 | 10.3 | 17.3 | 23.7 | 26.8 |
EPS (adj.) | 0.54 | 0.70 | 0.76 | 0.84 | 0.96 | 1.10 | 0.89 | 0.68 | 0.85 | 1.11 | 1.23 |
growth-% | 28.5 % | 9.1 % | 9.9 % | 14.6 % | 14.2 % | -19.0 % | -23.2 % | 25.2 % | 29.6 % | 11.1 % | |
Dividend | 0.23 | 0.30 | 0.35 | 0.34 | 0.40 | 0.36 | 0.30 | 0.18 | 0.34 | 0.47 | 0.53 |
Dividend ratio | 49.2 % | 49.0 % | 50.3 % | 49.5 % | 50.1 % | 49.7 % | 45.2 % | 45.0 % | 49.0 % | 50.0 % | 50.0 % |
Profitability and return on capital
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|---|---|---|
EBITDA-% | 9.7 % | 11.0 % | 14.3 % | 15.6 % | 14.6 % | 13.9 % | 12.3 % | 10.2 % | 12.7 % | 15.0 % | 14.9 % |
EBIT-% (adj.) | 8.3 % | 9.7 % | 9.4 % | 10.4 % | 10.3 % | 10.0 % | 9.1 % | 7.5 % | 8.7 % | 10.1 % | 10.3 % |
EBIT-% | 7.2 % | 8.5 % | 8.7 % | 8.6 % | 8.6 % | 8.2 % | 7.1 % | 5.1 % | 7.2 % | 8.8 % | 9.0 % |
ROE | 24.4 % | 24.1 % | 20.8 % | 21.6 % | 17.7 % | 15.1 % | 9.0 % | 14.1 % | 17.3 % | 17.6 % | |
ROI | 20.6 % | 19.9 % | 16.0 % | 15.6 % | 15.3 % | 13.1 % | 9.1 % | 12.6 % | 16.1 % | 17.4 % |
Valuation
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|---|---|---|
Share price (EUR) | 7.78 | 7.94 | 10.15 | 12.95 | 16.90 | 14.60 | 13.80 | 10.50 | 10.50 | 10.50 | 10.50 |
Shares | 24.5 | 25.0 | 25.0 | 24.9 | 25.1 | 25.0 | 25.1 | 25.3 | 25.3 | 25.3 | 25.3 |
Market cap | 190.9 | 198.2 | 253.4 | 322.3 | 423.9 | 365.6 | 346.4 | 265.1 | 265.1 | 265.1 | 265.1 |
Enterprise value | 215.8 | 218.3 | 293.8 | 362.8 | 472.0 | 436.6 | 409.5 | 342.5 | 328.8 | 313.9 | 301.3 |
EV/S | 1.0 | 0.9 | 1.1 | 1.4 | 1.6 | 1.2 | 1.1 | 0.9 | 0.9 | 0.8 | 0.7 |
EV/EBITDA | 10.4 | 8.4 | 7.8 | 9.0 | 10.8 | 9.0 | 9.2 | 9.2 | 7.1 | 5.3 | 4.9 |
EV/EBIT (adj.) | 12.1 | 9.5 | 11.8 | 13.4 | 15.3 | 12.5 | 12.6 | 12.6 | 10.3 | 7.9 | 7.0 |
EV/EBIT | 13.9 | 10.8 | 12.9 | 16.2 | 18.3 | 15.3 | 16.0 | 18.5 | 12.3 | 9.2 | 8.0 |
P/E (adj.) | 14.3 | 11.4 | 13.3 | 15.5 | 17.6 | 13.3 | 15.5 | 15.4 | 12.3 | 9.5 | 8.5 |
P/E | 16.6 | 13.0 | 14.6 | 18.9 | 21.1 | 20.0 | 20.8 | 25.6 | 15.3 | 11.2 | 9.9 |
P/B | 3.3 | 2.9 | 3.3 | 3.7 | 4.3 | 3.4 | 3.0 | 2.3 | 2.0 | 1.8 | 1.7 |
P/S | 0.9 | 0.8 | 1.0 | 1.2 | 1.4 | 1.0 | 1.0 | 0.7 | 0.7 | 0.7 | 0.6 |
Dividend yield | 3.0 % | 3.8 % | 3.5 % | 2.6 % | 2.4 % | 2.5 % | 2.2 % | 1.8 % | 3.2 % | 4.5 % | 5.1 % |
Equity ratio | 40.9 % | 42.9 % | 38.9 % | 40.5 % | 39.7 % | 38.2 % | 40.9 % | 39.6 % | 43.9 % | 47.8 % | 51.5 % |
Gearing ratio | 43.0 % | 29.8 % | 52.6 % | 46.6 % | 48.6 % | 66.8 % | 55.3 % | 66.2 % | 49.1 % | 33.7 % | 22.6 % |
Quarter data
Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 95.2 | 360.0 | 97.1 | 92.6 | 80.0 | 93.6 | 363.3 | 91.5 | 94.2 |
EBITDA | 13.1 | 44.4 | 11.6 | 9.7 | 5.9 | 9.9 | 37.1 | 10.8 | 12.1 |
EBIT | 8.2 | 25.5 | 6.7 | 5.3 | 1.3 | 5.2 | 18.6 | 5.8 | 7.1 |
Profit before taxes | 6.6 | 20.8 | 5.6 | 4.1 | 0.1 | 4.0 | 13.9 | 4.7 | 6.0 |
Net income | 5.9 | 16.6 | 4.0 | 3.4 | -0.1 | 3.1 | 10.3 | 3.7 | 4.7 |