Kesko
16.555 EUR -0.3%14,188 investors are following this company
Kesko is active in the retail industry. The company offers services primarily focused on the food, construction and technology industries. The greatest competence is found in the development of store concepts, channel sales, e-commerce sites and business models. The majority of the operations are located in the Nordic and Baltic markets. The head office is located in Helsinki.
P/E (24e)
15.58
EV/EBIT (adj.) (24e)
15.35
P/B (24e)
2.37
Dividend yield-% (24e)
4.49 %
Target price
18.00 EUR
Recommendation
Accumulate
Updated
26.4.2024
NASDAQ Helsinki
KESKOB
Daily low / high price
16.405 / 16.635
EUR
Market cap
6.62B EUR
Turnover
7.53M EUR
Volume
455K
Business risk
Valuation risk
Current
Previous
Analyst
Arttu Heikura
Analyst
Latest videos
Financial calendar
Quarterly dividend
15.07.2024
Interim report
23.07.2024
Quarterly dividend
14.10.2024
Interim report
30.10.2024
Quarterly dividend
13.01.2025
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
K-retailers´ Association | 5.3 % | 13.7 % |
Ilmarinen Mutual Pension Insurance Company | 3.5 % | 3.5 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Sami Kiiski | 30.04.2024 | 24,188EUR |
Peter Fagernäs | 25.04.2024 | 4,739EUR |
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This content is for our Premium customers only.
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 10,669.2 | 11,300.2 | 11,808.9 | 11,783.9 | 11,923.9 | 12,651.2 | 13,325.4 | 13,745.2 |
growth-% | -0.5 % | 5.9 % | 4.5 % | -0.2 % | 1.2 % | 6.1 % | 5.3 % | 3.2 % |
EBITDA | 1,096.0 | 1,275.2 | 1,322.1 | 1,231.2 | 1,194.9 | 1,359.9 | 1,416.2 | 1,458.7 |
EBIT (adj.) | 567.5 | 775.5 | 815.1 | 710.4 | 625.2 | 741.3 | 810.5 | 841.9 |
EBIT | 600.0 | 775.2 | 816.5 | 707.3 | 625.2 | 741.3 | 810.5 | 841.9 |
Profit before taxes | 527.5 | 712.9 | 761.1 | 625.1 | 527.3 | 634.2 | 711.4 | 752.1 |
Net income | 433.2 | 571.8 | 609.9 | 507.3 | 422.6 | 507.7 | 570.5 | 603.2 |
EPS (adj.) | 0.97 | 1.44 | 1.53 | 1.28 | 1.06 | 1.28 | 1.43 | 1.52 |
growth-% | 31.4 % | 47.9 % | 6.4 % | -16.3 % | -17.2 % | 20.1 % | 12.4 % | 5.7 % |
Dividend | 0.75 | 1.06 | 1.08 | 1.02 | 0.74 | 0.96 | 1.08 | 1.14 |
Dividend ratio | 68.6 % | 73.6 % | 70.1 % | 80.0 % | 70.0 % | 75.0 % | 75.0 % | 75.0 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 10.3 % | 11.3 % | 11.2 % | 10.4 % | 10.0 % | 10.7 % | 10.6 % | 10.6 % |
EBIT-% (adj.) | 5.3 % | 6.9 % | 6.9 % | 6.0 % | 5.2 % | 5.9 % | 6.1 % | 6.1 % |
EBIT-% | 5.6 % | 6.9 % | 6.9 % | 6.0 % | 5.2 % | 5.9 % | 6.1 % | 6.1 % |
ROE | 20.6 % | 24.2 % | 23.1 % | 18.4 % | 15.3 % | 17.6 % | 18.5 % | 18.5 % |
ROI | 12.3 % | 16.1 % | 16.4 % | 13.2 % | 10.9 % | 12.2 % | 13.0 % | 13.4 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 21.04 | 29.34 | 20.62 | 17.93 | 16.56 | 16.56 | 16.56 | 16.56 |
Shares | 396.4 | 397.0 | 397.0 | 397.8 | 397.8 | 397.8 | 397.8 | 397.8 |
Market cap | 8,340.3 | 11,648.9 | 8,186.8 | 7,130.0 | 6,585.1 | 6,585.1 | 6,585.1 | 6,585.1 |
Enterprise value | 10,636.2 | 13,581.1 | 10,290.9 | 9,689.7 | 9,596.3 | 9,497.7 | 9,412.9 | 9,275.5 |
EV/S | 1.0 | 1.2 | 0.9 | 0.8 | 0.8 | 0.8 | 0.7 | 0.7 |
EV/EBITDA | 9.7 | 10.7 | 7.8 | 7.9 | 8.0 | 7.0 | 6.6 | 6.4 |
EV/EBIT (adj.) | 18.7 | 17.5 | 12.6 | 13.6 | 15.3 | 12.8 | 11.6 | 11.0 |
EV/EBIT | 17.7 | 17.5 | 12.6 | 13.7 | 15.3 | 12.8 | 11.6 | 11.0 |
P/E (adj.) | 21.6 | 20.4 | 13.5 | 14.0 | 15.6 | 13.0 | 11.5 | 10.9 |
P/E | 19.3 | 20.4 | 13.4 | 14.1 | 15.6 | 13.0 | 11.5 | 10.9 |
P/B | 3.8 | 4.6 | 3.0 | 2.6 | 2.4 | 2.2 | 2.1 | 2.0 |
P/S | 0.8 | 1.0 | 0.7 | 0.6 | 0.6 | 0.5 | 0.5 | 0.5 |
Dividend yield | 3.6 % | 3.6 % | 5.2 % | 5.7 % | 4.5 % | 5.8 % | 6.5 % | 6.9 % |
Equity ratio | 33.0 % | 36.3 % | 36.7 % | 35.6 % | 33.9 % | 35.2 % | 36.3 % | 37.9 % |
Gearing ratio | 105.5 % | 76.4 % | 76.7 % | 92.8 % | 108.5 % | 97.5 % | 89.0 % | 80.3 % |
Quarter data
Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24e | Q3/24e | Q4/24e | 2024e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 3,104.7 | 2,949.2 | 2,902.0 | 11,783.9 | 2,759.5 | 3,185.4 | 3,009.1 | 2,969.9 | 11,923.9 |
EBITDA | 337.9 | 330.1 | 311.8 | 1,231.2 | 237.2 | 324.5 | 323.7 | 309.6 | 1,194.9 |
EBIT | 206.2 | 208.1 | 170.5 | 707.3 | 99.5 | 180.5 | 179.7 | 165.6 | 625.2 |
Profit before taxes | 187.5 | 187.9 | 145.0 | 625.1 | 77.2 | 154.1 | 154.5 | 141.6 | 527.3 |
Net income | 150.0 | 149.9 | 123.6 | 507.3 | 62.5 | 123.2 | 123.6 | 113.3 | 422.6 |
ShowingAll content types
K-ryhmä: Time Magazine ranked the 500 world's most sustainable companies for the first time - 13 companies from Finland made the list, Kesko was ranked the most sustainable trading sector company in Finland
K-ryhmä: Invitation to Kesko's Q2 half-year financial report briefing on Tuesday, 23 July 2024
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