Fodelia
6.12
EUR
+0.33 %
FODELIA
First North Finland
Food & Beverage
Consumer Goods & Services
3,552 following
+0.33%
-2.86%
-0.97%
+11.68%
+9.29%
+10.87%
+42.99%
-27.66%
-
+17.71%
www.fodelia.fi
Fodelia is run as a holding company with operations in the food industry. Within the Group, there are a number of subsidiaries, each with a business focus, that offers a range of snacks and ready-made meals. The products are sold through most retailers and wholesalers. The largest operations are in the Nordic market. The head office is located in Pyhäntä.
P/E (adj.) (24e)
20.02
EV/EBIT (adj.) (24e)
14.55
P/B (24e)
3.63
Dividend yield-% (24e)
1.63 %
Target price
6.80 EUR
Recommendation
Accumulate
Updated
23.10.2024
First North Finland
FODELIA
Daily low / high price
6.04 / 6.14
EUR
Market cap
49.88M EUR
Turnover
21K EUR
Volume
3.5K
Business risk
Valuation risk
Current
Previous
Analyst
Pauli Lohi
Analyst
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 23.0 | 35.1 | 41.6 | 49.0 | 53.0 | 56.9 | 62.4 | 67.3 |
| growth-% | 16.8 % | 52.8 % | 18.6 % | 17.6 % | 8.2 % | 7.4 % | 9.8 % | 7.7 % |
| EBITDA | 1.7 | 2.7 | 2.8 | 4.6 | 5.3 | 6.4 | 7.2 | 7.9 |
| EBIT (adj.) | 1.0 | 1.8 | 1.4 | 3.0 | 3.7 | 4.6 | 5.2 | 5.7 |
| EBIT | 0.8 | 1.5 | 1.1 | 2.5 | 2.0 | 4.2 | 4.8 | 5.3 |
| Profit before taxes | 0.7 | 1.1 | 0.0 | 1.7 | 1.8 | 3.9 | 4.6 | 5.3 |
| Net income | 0.6 | 0.8 | -0.1 | 1.2 | 0.8 | 3.2 | 3.7 | 4.3 |
| EPS (adj.) | 0.11 | 0.15 | 0.04 | 0.20 | 0.31 | 0.44 | 0.51 | 0.58 |
| growth-% | -49.0 % | 44.1 % | -72.6 % | 387.7 % | 50.2 % | 44.4 % | 15.1 % | 14.0 % |
| Dividend | 0.07 | 0.04 | 0.06 | 0.08 | 0.10 | 0.13 | 0.16 | 0.20 |
| Dividend ratio | 79.4 % | 36.9 % | -468.1 % | 53.7 % | 99.3 % | 33.2 % | 34.9 % | 37.8 % |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 7.4 % | 7.7 % | 6.8 % | 9.3 % | 10.1 % | 11.2 % | 11.5 % | 11.7 % |
| EBIT-% (adj.) | 4.2 % | 5.2 % | 3.4 % | 6.1 % | 6.9 % | 8.2 % | 8.3 % | 8.4 % |
| EBIT-% | 3.6 % | 4.3 % | 2.6 % | 5.2 % | 3.8 % | 7.5 % | 7.7 % | 7.9 % |
| ROE | 8.0 % | 8.5 % | -0.9 % | 9.1 % | 6.0 % | 21.4 % | 21.4 % | 21.3 % |
| ROI | 5.9 % | 7.7 % | 2.9 % | 10.9 % | 10.6 % | 21.5 % | 23.3 % | 24.8 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 8.42 | 7.74 | 4.25 | 5.52 | 6.12 | 6.12 | 6.12 | 6.12 |
| Shares | 7.1 | 7.3 | 8.0 | 8.1 | 8.1 | 8.1 | 8.1 | 8.1 |
| Market cap | 59.4 | 56.4 | 34.2 | 44.7 | 49.5 | 49.5 | 49.5 | 49.5 |
| Enterprise value | 65.7 | 68.0 | 39.9 | 51.0 | 53.3 | 51.9 | 50.3 | 48.2 |
| EV/S | 2.9 | 1.9 | 1.0 | 1.0 | 1.0 | 0.9 | 0.8 | 0.7 |
| EV/EBITDA | 38.7 | 25.2 | 14.1 | 11.2 | 10.0 | 8.1 | 7.0 | 6.1 |
| EV/EBIT (adj.) | 68.3 | 37.5 | 28.1 | 17.2 | 14.6 | 11.2 | 9.7 | 8.5 |
| EV/EBIT | 78.4 | 45.6 | 37.6 | 20.2 | 26.6 | 12.2 | 10.5 | 9.1 |
| P/E (adj.) | 79.6 | 50.8 | 101.8 | 27.1 | 20.0 | 13.9 | 12.0 | 10.6 |
| P/E | 95.5 | 71.4 | - | 37.1 | 60.8 | 15.6 | 13.3 | 11.6 |
| P/B | 6.8 | 5.7 | 2.7 | 3.3 | 3.6 | 3.1 | 2.7 | 2.3 |
| P/S | 2.6 | 1.6 | 0.8 | 0.9 | 0.9 | 0.9 | 0.8 | 0.7 |
| Dividend yield | 0.8 % | 0.5 % | 1.4 % | 1.5 % | 1.6 % | 2.1 % | 2.6 % | 3.3 % |
| Equity ratio | 42.0 % | 37.5 % | 46.9 % | 50.4 % | 51.0 % | 56.4 % | 61.6 % | 67.7 % |
| Gearing ratio | 72.3 % | 117.2 % | 45.5 % | 47.7 % | 28.3 % | 15.6 % | 4.4 % | -5.7 % |
Quarter data
| Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 12.5 | 49.0 | 13.7 | 13.5 | 12.9 | 12.8 | 53.0 | ||
| EBITDA | 1.1 | 4.6 | 1.4 | 1.0 | 1.5 | 1.4 | 5.3 | ||
| EBIT | 0.5 | 2.5 | 0.8 | -0.7 | 1.0 | 0.9 | 2.0 | ||
| Profit before taxes | 0.1 | 1.7 | 0.7 | -0.8 | 1.0 | 0.8 | 1.8 | 0.0 | 0.0 |
| Net income | -0.1 | 1.2 | 0.6 | -1.2 | 0.7 | 0.7 | 0.8 | 0.0 | 0.0 |
ShowingAll content types
Fodelia, Q2'24
Fodelia Oyj: Share Repurchase 18.1.2024
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