Kesko
18.975
EUR
-0.08 %
KESKOB
NASDAQ Helsinki
Retailers
Consumer Goods & Services
14,565 following
-0.08%
-2.32%
+2.76%
+5.42%
+11.13%
+5.86%
+9.78%
-33.56%
+19.34%
+607.34%
www.kesko.fi/en/investor
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 (adj.) (24e)
17.1
EV/EBIT (adj.) (24e)
16.18
P/B (24e)
2.7
Dividend yield-% (24e)
4.38 %
Target price
19.50 EUR
Recommendation
Reduce
Updated
31.10.2024
NASDAQ Helsinki
KESKOB
Daily low / high price
18.865 / 19.045
EUR
Market cap
7.59B EUR
Turnover
1.15M EUR
Volume
61K
Business risk
Valuation risk
Current
Previous
Analyst
Arttu Heikura
Analyst
Financial calendar
Quarterly dividend
13.01.2025
Annual report
05.02.2025
General meeting
24.03.2025
Interim report
29.04.2025
Interim report
22.07.2025
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10,669.2 | 11,300.2 | 11,808.9 | 11,783.9 | 11,915.2 | 12,277.2 | 12,821.8 | 13,204.6 |
| growth-% | -0.5 % | 5.9 % | 4.5 % | -0.2 % | 1.1 % | 3.0 % | 4.4 % | 3.0 % |
| EBITDA | 1,096.0 | 1,275.2 | 1,322.1 | 1,231.2 | 1,230.9 | 1,330.7 | 1,409.4 | 1,460.7 |
| EBIT (adj.) | 567.5 | 775.5 | 815.1 | 710.4 | 650.2 | 714.3 | 778.6 | 821.5 |
| EBIT | 600.0 | 775.2 | 816.5 | 707.3 | 650.2 | 714.3 | 778.6 | 821.5 |
| Profit before taxes | 527.5 | 712.9 | 761.1 | 625.1 | 545.1 | 600.4 | 672.3 | 724.3 |
| Net income | 433.2 | 571.8 | 609.9 | 507.3 | 441.4 | 486.2 | 539.2 | 580.9 |
| EPS (adj.) | 0.97 | 1.44 | 1.53 | 1.28 | 1.11 | 1.22 | 1.36 | 1.46 |
| growth-% | 31.4 % | 47.9 % | 6.4 % | -16.3 % | -13.5 % | 10.1 % | 10.9 % | 7.7 % |
| Dividend | 0.75 | 1.06 | 1.08 | 1.02 | 0.83 | 0.98 | 1.08 | 1.09 |
| Dividend ratio | 68.6 % | 73.6 % | 70.1 % | 80.0 % | 75.0 % | 80.0 % | 80.0 % | 75.0 % |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 10.3 % | 11.3 % | 11.2 % | 10.4 % | 10.3 % | 10.8 % | 11.0 % | 11.1 % |
| EBIT-% (adj.) | 5.3 % | 6.9 % | 6.9 % | 6.0 % | 5.5 % | 5.8 % | 6.1 % | 6.2 % |
| EBIT-% | 5.6 % | 6.9 % | 6.9 % | 6.0 % | 5.5 % | 5.8 % | 6.1 % | 6.2 % |
| ROE | 20.6 % | 24.2 % | 23.1 % | 18.4 % | 15.9 % | 16.9 % | 17.8 % | 18.3 % |
| ROI | 12.3 % | 16.1 % | 16.4 % | 13.2 % | 11.1 % | 11.4 % | 12.1 % | 12.6 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 21.04 | 29.34 | 20.62 | 16.90 | 18.98 | 18.98 | 18.98 | 18.98 |
| Shares | 396.4 | 397.0 | 397.0 | 397.8 | 397.9 | 397.9 | 397.9 | 397.9 |
| Market cap | 8,340.3 | 11,648.9 | 8,186.8 | 6,722.3 | 7,549.9 | 7,549.9 | 7,549.9 | 7,549.9 |
| Enterprise value | 10,636.2 | 13,581.1 | 10,290.9 | 9,282.0 | 10,522.6 | 10,484.4 | 10,410.9 | 10,275.9 |
| EV/S | 1.0 | 1.2 | 0.9 | 0.8 | 0.9 | 0.9 | 0.8 | 0.8 |
| EV/EBITDA | 9.7 | 10.7 | 7.8 | 7.5 | 8.5 | 7.9 | 7.4 | 7.0 |
| EV/EBIT (adj.) | 18.7 | 17.5 | 12.6 | 13.1 | 16.2 | 14.7 | 13.4 | 12.5 |
| EV/EBIT | 17.7 | 17.5 | 12.6 | 13.1 | 16.2 | 14.7 | 13.4 | 12.5 |
| P/E (adj.) | 21.6 | 20.4 | 13.5 | 13.2 | 17.1 | 15.5 | 14.0 | 13.0 |
| P/E | 19.3 | 20.4 | 13.4 | 13.3 | 17.1 | 15.5 | 14.0 | 13.0 |
| P/B | 3.8 | 4.6 | 3.0 | 2.4 | 2.7 | 2.6 | 2.4 | 2.3 |
| P/S | 0.8 | 1.0 | 0.7 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 |
| Dividend yield | 3.6 % | 3.6 % | 5.2 % | 6.0 % | 4.4 % | 5.1 % | 5.7 % | 5.8 % |
| Equity ratio | 33.0 % | 36.3 % | 36.7 % | 35.6 % | 33.1 % | 34.0 % | 34.9 % | 36.1 % |
| Gearing ratio | 105.5 % | 76.4 % | 76.7 % | 92.8 % | 106.5 % | 99.6 % | 92.4 % | 84.0 % |
Quarter data
| Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,902.0 | 11,783.9 | 2,759.5 | 3,092.5 | 3,026.5 | 3,036.7 | 11,915.2 | ||
| EBITDA | 311.8 | 1,231.2 | 237.2 | 331.3 | 346.5 | 315.9 | 1,230.9 | ||
| EBIT | 170.5 | 707.3 | 99.5 | 178.3 | 201.5 | 170.9 | 650.2 | ||
| Profit before taxes | 145.0 | 625.1 | 77.2 | 149.2 | 171.9 | 146.8 | 545.1 | ||
| Net income | 123.6 | 507.3 | 62.5 | 123.5 | 138.0 | 117.4 | 441.4 |
ShowingAll content types
K-ryhmä: Kesko Corporation: Disclosure in compliance with Chapter 9, Section 10 of the Finnish Securities Markets Act (15.11.2024)
K-ryhmä: Kesko Corporation: Disclosure in compliance with Chapter 9, Section 10 of the Finnish Securities Markets Act (14.11.2024)
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K-ryhmä: Kesko's sales in October
K-ryhmä: Kesko Corporation: Disclosure in compliance with Chapter 9, Section 10 of the Finnish Securities Markets Act (08.11.2024)
K-ryhmä: Kesko Corporation: Disclosure in compliance with Chapter 9, Section 10 of the Finnish Securities Markets Act (07.11.2024)
K-ryhmä: Kesko updates its sustainability strategy
Sluggish trade development in September
