Huhtamäki
34.86
EUR
-0.85 %
HUH1V
NASDAQ Helsinki
Paper & Forest Products
Basic Materials
11,769 following
Income statement
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 2,988.7 | 3,103.6 | 3,399.0 | 3,301.8 | 3,574.9 | 4,479.0 | 4,168.9 | 4,123.6 | 4,328.0 | 4,605.0 | 4,836.0 |
growth-% | 3.8 % | 9.5 % | -2.9 % | 8.3 % | 25.3 % | -6.9 % | -1.1 % | 5.0 % | 6.4 % | 5.0 % | |
EBITDA | 386.3 | 390.3 | 448.7 | 464.5 | 469.7 | 616.5 | 630.0 | 590.8 | 645.9 | 710.8 | 760.8 |
EBIT (adj.) | 267.7 | 251.0 | 293.1 | 302.1 | 315.3 | 395.1 | 392.6 | 412.1 | 452.0 | 493.0 | 533.0 |
EBIT | 264.3 | 225.5 | 285.5 | 265.3 | 296.0 | 405.3 | 380.9 | 370.8 | 419.0 | 477.0 | 527.0 |
Profit before taxes | 246.8 | 194.4 | 256.7 | 237.1 | 263.0 | 352.1 | 311.9 | 301.9 | 357.0 | 417.3 | 474.5 |
Net income | 193.1 | 155.4 | 190.1 | 176.7 | 199.0 | 276.2 | 206.2 | 214.9 | 251.8 | 296.0 | 338.8 |
EPS (adj.) | 1.90 | 1.70 | 1.89 | 1.94 | 2.07 | 2.49 | 2.32 | 2.37 | 2.65 | 2.95 | 3.28 |
growth-% | -10.6 % | 11.2 % | 2.8 % | 6.6 % | 20.1 % | -6.8 % | 2.4 % | 11.7 % | 11.1 % | 11.5 % | |
Dividend | 0.80 | 0.84 | 0.89 | 0.92 | 0.94 | 1.00 | 1.05 | 1.10 | 1.15 | 1.20 | 1.25 |
Dividend ratio | 43.1 % | 56.2 % | 48.7 % | 54.3 % | 49.3 % | 37.8 % | 53.2 % | 53.5 % | 47.8 % | 42.4 % | 38.6 % |
Profitability and return on capital
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|---|---|---|
EBITDA-% | 12.9 % | 12.6 % | 13.2 % | 14.1 % | 13.1 % | 13.8 % | 15.1 % | 14.3 % | 14.9 % | 15.4 % | 15.7 % |
EBIT-% (adj.) | 9.0 % | 8.1 % | 8.6 % | 9.1 % | 8.8 % | 8.8 % | 9.4 % | 10.0 % | 10.4 % | 10.7 % | 11.0 % |
EBIT-% | 8.8 % | 7.3 % | 8.4 % | 8.0 % | 8.3 % | 9.0 % | 9.1 % | 9.0 % | 9.7 % | 10.4 % | 10.9 % |
ROE | 13.1 % | 14.8 % | 13.4 % | 14.2 % | 16.4 % | 11.2 % | 11.4 % | 12.5 % | 13.7 % | 14.3 % | |
ROI | 10.4 % | 11.7 % | 10.4 % | 10.1 % | 11.6 % | 10.4 % | 10.5 % | 11.7 % | 13.2 % | 14.6 % |
Valuation
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|---|---|---|
Share price (EUR) | 35.00 | 27.07 | 41.38 | 42.26 | 38.89 | 32.00 | 36.73 | 34.86 | 34.86 | 34.86 | 34.86 |
Shares | 104.0 | 104.0 | 104.0 | 104.4 | 104.4 | 104.4 | 104.5 | 104.5 | 104.5 | 104.5 | 104.5 |
Market cap | 3,639.6 | 2,815.0 | 4,303.0 | 4,409.8 | 4,058.2 | 3,339.7 | 3,838.2 | 3,644.2 | 3,644.2 | 3,644.2 | 3,644.2 |
Enterprise value | 4,312.7 | 3,756.2 | 5,224.2 | 5,287.3 | 5,582.3 | 4,826.2 | 5,144.0 | 4,896.6 | 4,833.2 | 4,674.7 | 4,469.8 |
EV/S | 1.4 | 1.2 | 1.5 | 1.6 | 1.6 | 1.1 | 1.2 | 1.2 | 1.1 | 1.0 | 0.9 |
EV/EBITDA | 11.2 | 9.6 | 11.6 | 11.4 | 11.9 | 7.8 | 8.2 | 8.3 | 7.5 | 6.6 | 5.9 |
EV/EBIT (adj.) | 16.1 | 15.0 | 17.8 | 17.5 | 17.7 | 12.2 | 13.1 | 11.9 | 10.7 | 9.5 | 8.4 |
EV/EBIT | 16.3 | 16.7 | 18.3 | 19.9 | 18.9 | 11.9 | 13.5 | 13.2 | 11.5 | 9.8 | 8.5 |
P/E (adj.) | 18.4 | 15.9 | 21.9 | 21.7 | 18.8 | 12.9 | 15.8 | 14.7 | 13.1 | 11.8 | 10.6 |
P/E | 18.8 | 18.1 | 22.6 | 25.0 | 20.4 | 12.1 | 18.6 | 17.0 | 14.5 | 12.3 | 10.8 |
P/B | 3.1 | 2.3 | 3.2 | 3.4 | 2.7 | 1.8 | 2.1 | 1.9 | 1.8 | 1.6 | 1.5 |
P/S | 1.2 | 0.9 | 1.3 | 1.3 | 1.1 | 0.7 | 0.9 | 0.9 | 0.8 | 0.8 | 0.8 |
Dividend yield | 2.3 % | 3.1 % | 2.2 % | 2.2 % | 2.4 % | 3.1 % | 2.9 % | 3.2 % | 3.3 % | 3.4 % | 3.6 % |
Equity ratio | 41.2 % | 39.1 % | 39.8 % | 37.9 % | 35.2 % | 39.9 % | 41.3 % | 42.8 % | 44.7 % | 47.9 % | 52.1 % |
Gearing ratio | 58.5 % | 74.3 % | 64.1 % | 64.3 % | 95.4 % | 77.3 % | 67.8 % | 62.0 % | 55.1 % | 44.2 % | 32.4 % |
Quarter data
Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 1,032.8 | 4,168.9 | 1,003.9 | 1,037.5 | 1,026.3 | 1,056.0 | 4,123.6 | 1,031.0 | 1,090.0 |
EBITDA | 207.8 | 630.0 | 137.7 | 158.1 | 148.5 | 146.5 | 590.8 | 149.0 | 163.5 |
EBIT | 146.0 | 380.9 | 77.6 | 104.6 | 95.1 | 93.5 | 370.8 | 95.0 | 108.5 |
Profit before taxes | 128.3 | 311.9 | 56.3 | 88.6 | 80.0 | 77.0 | 301.9 | 79.0 | 93.0 |
Net income | 87.1 | 206.2 | 36.3 | 65.1 | 59.2 | 54.4 | 214.9 | 56.3 | 66.3 |