Investors House
5.4
EUR
+0.37 %
Corporate customer
INVEST
NASDAQ Helsinki
Real Estate Management & Development
Real Estate
4,099 following
Income statement
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 6.4 | 8.3 | 11.5 | 9.5 | 9.8 | 7.6 | 6.9 | 10.0 | 11.1 | 11.4 | 11.7 |
growth-% | 28.3 % | 38.5 % | -17.4 % | 3.2 % | -22.1 % | -9.8 % | 46.2 % | 10.5 % | 2.6 % | 2.5 % | |
EBITDA | 6.0 | 4.9 | 4.0 | -1.0 | -0.5 | 4.3 | 3.9 | 10.9 | 5.2 | 5.4 | 5.5 |
EBIT (adj.) | 6.0 | 4.9 | 4.0 | -1.0 | -0.5 | 4.3 | 3.9 | 10.9 | 5.2 | 5.4 | 5.5 |
EBIT | 6.0 | 4.9 | 4.0 | -1.0 | -0.5 | 4.3 | 3.9 | 10.9 | 5.2 | 5.4 | 5.5 |
Profit before taxes | 5.6 | 4.3 | 2.7 | -2.2 | -1.1 | 4.0 | 3.5 | 9.4 | 3.7 | 4.1 | 4.3 |
Net income | 5.0 | 2.5 | 1.7 | -2.2 | -0.6 | 3.2 | 3.6 | 7.8 | 2.4 | 2.6 | 2.7 |
EPS (adj.) | 1.20 | 0.41 | 0.27 | -0.37 | -0.10 | 0.50 | 0.56 | 1.23 | 0.37 | 0.41 | 0.43 |
growth-% | -65.5 % | -33.7 % | -234.4 % | 11.5 % | 120.2 % | -69.6 % | 9.0 % | 5.4 % | |||
Dividend | 0.21 | 0.23 | 0.25 | 0.27 | 1.29 | 0.31 | 0.33 | 0.35 | 0.37 | 0.39 | 0.41 |
Dividend ratio | 24.9 % | 55.5 % | 89.3 % | -72.5 % | -1,282.0 % | 61.6 % | 59.1 % | 28.5 % | 99.1 % | 95.9 % | 95.6 % |
Profitability and return on capital
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|---|---|---|
EBITDA-% | 92.7 % | 59.5 % | 34.5 % | -11.0 % | -4.9 % | 56.0 % | 56.8 % | 108.7 % | 47.0 % | 47.2 % | 47.4 % |
EBIT-% (adj.) | 92.7 % | 59.5 % | 34.5 % | -11.0 % | -4.9 % | 56.0 % | 56.8 % | 108.7 % | 47.0 % | 47.2 % | 47.4 % |
EBIT-% | 92.7 % | 59.5 % | 34.5 % | -11.0 % | -4.9 % | 56.0 % | 56.8 % | 108.7 % | 47.0 % | 47.2 % | 47.4 % |
ROE | 5.4 % | 3.6 % | -5.3 % | -1.7 % | 9.4 % | 10.8 % | 21.5 % | 6.0 % | 6.5 % | 6.9 % | |
ROI | 6.2 % | 3.8 % | -1.2 % | -0.8 % | 7.8 % | 7.6 % | 16.2 % | 6.3 % | 6.5 % | 6.8 % |
Valuation
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|---|---|---|
Share price (EUR) | 6.44 | 5.22 | 5.89 | 5.70 | 5.58 | 4.80 | 5.20 | 5.40 | 5.40 | 5.40 | 5.40 |
Shares | 6.0 | 6.0 | 6.0 | 5.9 | 6.2 | 6.4 | 6.4 | 6.4 | 6.4 | 6.4 | 6.4 |
Market cap | 38.5 | 31.5 | 35.4 | 33.9 | 34.5 | 30.7 | 33.1 | 34.4 | 34.4 | 34.4 | 34.4 |
Enterprise value | 62.7 | 65.1 | 82.1 | 52.1 | 38.9 | 42.9 | 41.4 | 64.9 | 64.6 | 64.6 | 64.5 |
EV/S | 9.7 | 7.9 | 7.2 | 5.5 | 4.0 | 5.6 | 6.0 | 6.5 | 5.8 | 5.7 | 5.5 |
EV/EBITDA | 10.5 | 13.2 | 20.8 | - | - | 10.1 | 10.6 | 6.0 | 12.4 | 12.0 | 11.7 |
EV/EBIT (adj.) | 10.5 | 13.2 | 20.8 | - | - | 10.1 | 10.6 | 6.0 | 12.4 | 12.0 | 11.7 |
EV/EBIT | 10.5 | 13.2 | 20.8 | - | - | 10.1 | 10.6 | 6.0 | 12.4 | 12.0 | 11.7 |
P/E (adj.) | 5.4 | 12.6 | 21.5 | - | - | 9.6 | 9.3 | 4.4 | 14.5 | 13.3 | 12.6 |
P/E | 5.4 | 12.6 | 21.5 | - | - | 9.6 | 9.3 | 4.4 | 14.5 | 13.3 | 12.6 |
P/B | 0.8 | 0.7 | 0.8 | 0.9 | 1.0 | 1.0 | 1.0 | 0.9 | 0.9 | 0.9 | 0.9 |
P/S | 6.0 | 3.8 | 3.1 | 3.6 | 3.5 | 4.0 | 4.8 | 3.4 | 3.1 | 3.0 | 3.0 |
Dividend yield | 3.3 % | 4.4 % | 4.2 % | 4.7 % | 23.1 % | 6.5 % | 6.4 % | 6.5 % | 6.9 % | 7.2 % | 7.6 % |
Equity ratio | 61.0 % | 53.4 % | 47.5 % | 54.9 % | 57.8 % | 58.9 % | 63.4 % | 49.5 % | 49.7 % | 50.2 % | 50.9 % |
Gearing ratio | 52.6 % | 70.8 % | 77.4 % | 51.0 % | 12.1 % | 37.5 % | 24.4 % | 64.8 % | 64.0 % | 63.6 % | 63.2 % |
Quarter data
Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 1.8 | 6.9 | 1.6 | 3.1 | 2.4 | 2.9 | 10.0 | ||
EBITDA | 0.0 | 3.9 | 1.0 | 7.7 | 1.0 | 1.2 | 10.9 | ||
EBIT | 0.0 | 3.9 | 1.0 | 7.7 | 1.0 | 1.2 | 10.9 | ||
Profit before taxes | -0.1 | 3.5 | 0.8 | 7.1 | 0.7 | 0.8 | 9.4 | ||
Net income | 0.1 | 3.6 | 0.8 | 5.6 | 0.9 | 0.5 | 7.8 |