![Glaston Corporation’s Q1/2024 Interim Report](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/3009f50f-b2c3-421c-b6fb-dcd0412dae31.png)
Glaston
0.876 EUR -0.45%4,961 investors are following this company
Glaston is an industrial company with specialist expertise in glass technology. The products include a wide range of glass refinements that involve lamination, tempering, and bending. In addition, associated aftermarket service is offered. The company operates worldwide, with the Nordic region as its home market. The customers consist of private actors. Glaston is headquartered in Helsinki.
P/E (24e)
10.34
EV/EBIT (adj.) (24e)
6.9
P/B (24e)
1.03
Dividend yield-% (24e)
5.71 %
Target price
1.00 EUR
Recommendation
Accumulate
Updated
6.5.2024
NASDAQ Helsinki
GLA1V
Daily low / high price
0.87 / 0.88
EUR
Market cap
73.84M EUR
Turnover
11.47K EUR
Volume
13K
Business risk
Valuation risk
Current
Previous
Analyst
![Erkki Vesola Erkki Vesola](https://www.inderes.se/cdn-cgi/image/format=auto,width=128,height=128,quality=90,fit=cover/https://content.inderes.se/assets/98b6b51c-856e-4386-bff3-ed9549471502.png)
Erkki Vesola
Analyst
Latest videos
Financial calendar
Interim report
09.08.2024
Interim report
30.10.2024
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Ahlstrom Capital Bv | 26.4 % | 26.4 % |
Hymy Lahtinen Oy | 12.2 % | 12.2 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Veli-matti Reinikkala | 28.03.2024 | 16,400EUR |
Veli-matti Reinikkala | 19.02.2024 | 16,066EUR |
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Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 170.1 | 182.7 | 213.5 | 219.7 | 221.2 | 237.0 | 250.9 | 264.1 |
growth-% | -6.0 % | 7.4 % | 16.9 % | 2.9 % | 0.7 % | 7.2 % | 5.9 % | 5.3 % |
EBITDA | 7.6 | 13.0 | 15.3 | 15.7 | 19.5 | 21.2 | 23.6 | 25.3 |
EBIT (adj.) | 3.2 | 6.6 | 9.9 | 11.4 | 12.2 | 13.5 | 15.4 | 16.4 |
EBIT | -0.5 | 5.1 | 7.6 | 8.1 | 11.6 | 13.5 | 15.4 | 16.4 |
Profit before taxes | -3.3 | 1.2 | 4.7 | 6.9 | 10.0 | 11.8 | 13.9 | 15.1 |
Net income | -5.5 | 1.1 | 3.1 | 5.0 | 6.6 | 8.1 | 9.6 | 10.4 |
EPS (adj.) | -0.02 | 0.05 | 0.06 | 0.10 | 0.08 | 0.10 | 0.11 | 0.12 |
growth-% | -186.3 % | 17.3 % | 59.5 % | -14.2 % | 13.3 % | 18.9 % | 8.5 % | |
Dividend | 0.02 | 0.03 | 0.04 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 |
Dividend ratio | -30.9 % | 227.6 % | 109.0 % | 83.6 % | 64.1 % | 52.1 % | 52.6 % | 48.4 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 4.4 % | 7.1 % | 7.2 % | 7.1 % | 8.8 % | 9.0 % | 9.4 % | 9.6 % |
EBIT-% (adj.) | 1.9 % | 3.6 % | 4.6 % | 5.2 % | 5.5 % | 5.7 % | 6.1 % | 6.2 % |
EBIT-% | -0.3 % | 2.8 % | 3.6 % | 3.7 % | 5.3 % | 5.7 % | 6.1 % | 6.2 % |
ROE | -7.7 % | 1.6 % | 4.5 % | 7.3 % | 9.3 % | 11.0 % | 12.3 % | 12.5 % |
ROI | -0.5 % | 4.6 % | 6.5 % | 8.8 % | 11.9 % | 13.5 % | 15.2 % | 16.1 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 0.89 | 1.14 | 0.90 | 0.74 | 0.88 | 0.88 | 0.88 | 0.88 |
Shares | 84.3 | 84.3 | 84.3 | 84.3 | 84.3 | 84.3 | 84.3 | 84.3 |
Market cap | 75.0 | 96.1 | 76.0 | 62.0 | 73.8 | 73.8 | 73.8 | 73.8 |
Enterprise value | 108.5 | 114.4 | 89.3 | 73.0 | 84.1 | 80.3 | 74.7 | 68.8 |
EV/S | 0.6 | 0.6 | 0.4 | 0.3 | 0.4 | 0.3 | 0.3 | 0.3 |
EV/EBITDA | 14.3 | 8.8 | 5.8 | 4.6 | 4.3 | 3.8 | 3.2 | 2.7 |
EV/EBIT (adj.) | 33.6 | 17.4 | 9.0 | 6.4 | 6.9 | 6.0 | 4.9 | 4.2 |
EV/EBIT | - | 22.4 | 11.7 | 9.0 | 7.2 | 6.0 | 4.9 | 4.2 |
P/E (adj.) | - | 21.6 | 14.6 | 7.5 | 10.3 | 9.1 | 7.7 | 7.1 |
P/E | - | 86.5 | 24.6 | 12.3 | 11.2 | 9.1 | 7.7 | 7.1 |
P/B | 1.1 | 1.4 | 1.1 | 0.9 | 1.0 | 1.0 | 0.9 | 0.9 |
P/S | 0.4 | 0.5 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 |
Dividend yield | 2.3 % | 2.6 % | 4.4 % | 6.8 % | 5.7 % | 5.7 % | 6.9 % | 6.9 % |
Equity ratio | 41.2 % | 42.3 % | 44.0 % | 45.2 % | 46.1 % | 47.3 % | 49.6 % | 51.9 % |
Gearing ratio | 48.7 % | 26.9 % | 19.5 % | 15.8 % | 14.3 % | 8.5 % | 1.1 % | -5.8 % |
Quarter data
Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24e | Q3/24e | Q4/24e | 2024e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 55.2 | 53.4 | 59.8 | 219.7 | 55.8 | 55.1 | 53.9 | 56.3 | 221.2 |
EBITDA | 3.8 | 3.5 | 4.8 | 15.7 | 4.1 | 4.5 | 4.8 | 6.2 | 19.5 |
EBIT | 1.9 | 1.7 | 2.7 | 8.1 | 1.9 | 2.6 | 2.9 | 4.3 | 11.6 |
Profit before taxes | 1.8 | 1.1 | 2.5 | 6.9 | 1.3 | 2.2 | 2.5 | 4.0 | 10.0 |
Net income | 0.9 | 0.8 | 2.3 | 5.0 | 0.8 | 1.4 | 1.7 | 2.7 | 6.6 |
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![Glaston Corporation’s Q1/2024 Interim Report](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/3009f50f-b2c3-421c-b6fb-dcd0412dae31.png)
Glaston Oyj: Glaston's interim report January─March 2024: Net sales and comparable EBITA improved, markets remained challenging
Glaston Oyj: Glaston makes change to the Executive Leadership Team
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