Nokian Tyres
7.392
EUR
+0.03 %
TYRES
NASDAQ Helsinki
Automobiles
Consumer Goods & Services
16,018 following
+0.03%
-2.3%
-13.64%
-11.03%
-16.04%
-10.49%
-10.31%
-78.3%
-71.69%
+1,120.84%
www.nokiantyres.com/company/investors
Nokian Tyres is a premium tire manufacturer. The company develops and manufactures tires for passenger cars, trucks and heavy machinery. The company also has the Vianor chain, which provides tire and car services. Nokian Tyres' main market areas are the Nordic countries, Central Europe and North America. The company started manufacturing passenger car tires in 1932, and its headquarters is located in Nokia, Finland.
P/E (adj.) (24e)
15.63
EV/EBIT (adj.) (24e)
16.47
P/B (24e)
0.8
Dividend yield-% (24e)
7.44 %
Target price
10.00 EUR
Recommendation
Buy
Updated
30.10.2024
NASDAQ Helsinki
TYRES
Daily low / high price
7.334 / 7.414
EUR
Market cap
1.03B EUR
Turnover
1.05M EUR
Volume
142K
Business risk
Valuation risk
Current
Previous
Latest research
Analyst
Rauli Juva
Analyst
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,313.7 | 1,714.2 | 1,776.1 | 1,173.6 | 1,307.4 | 1,524.2 | 1,714.8 | 1,852.7 |
| growth-% | -17.1 % | 30.5 % | 3.6 % | -33.9 % | 11.4 % | 16.6 % | 12.5 % | 8.0 % |
| EBITDA | 295.5 | 428.2 | 194.4 | 147.0 | 157.2 | 269.0 | 315.0 | 392.6 |
| EBIT (adj.) | 182.9 | 324.9 | 221.2 | 65.1 | 96.3 | 144.0 | 178.5 | 222.9 |
| EBIT | 119.9 | 268.2 | -116.2 | 32.1 | 37.2 | 114.0 | 158.5 | 222.9 |
| Profit before taxes | 106.0 | 258.2 | -146.4 | 14.3 | 7.9 | 90.0 | 139.5 | 208.9 |
| Net income | 85.9 | 206.2 | -175.5 | 12.5 | 6.1 | 71.1 | 110.2 | 165.0 |
| EPS (adj.) | 1.03 | 1.84 | 1.14 | 0.33 | 0.47 | 0.69 | 0.91 | 1.20 |
| growth-% | -42.6 % | 77.6 % | -37.9 % | -71.1 % | 43.4 % | 45.8 % | 32.7 % | 30.7 % |
| Dividend | 1.20 | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 | 0.60 | 0.66 |
| Dividend ratio | 193.0 % | 36.9 % | -43.3 % | 606.1 % | 1,234.8 % | 106.7 % | 75.1 % | 55.0 % |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 22.5 % | 25.0 % | 10.9 % | 12.5 % | 12.0 % | 17.6 % | 18.4 % | 21.2 % |
| EBIT-% (adj.) | 13.9 % | 19.0 % | 12.5 % | 5.5 % | 7.4 % | 9.4 % | 10.4 % | 12.0 % |
| EBIT-% | 9.1 % | 15.6 % | -6.5 % | 2.7 % | 2.8 % | 7.5 % | 9.2 % | 12.0 % |
| ROE | 5.2 % | 13.1 % | -11.5 % | 0.9 % | 0.5 % | 5.6 % | 8.5 % | 12.2 % |
| ROI | 6.1 % | 13.8 % | -6.1 % | 1.7 % | 1.9 % | 5.4 % | 7.2 % | 9.7 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 28.82 | 33.30 | 9.72 | 8.50 | 7.39 | 7.39 | 7.39 | 7.39 |
| Shares | 138.2 | 138.2 | 138.3 | 138.0 | 138.0 | 138.0 | 138.0 | 138.0 |
| Market cap | 3,983.5 | 4,602.7 | 1,343.8 | 1,172.8 | 1,020.1 | 1,020.1 | 1,020.1 | 1,020.1 |
| Enterprise value | 3,966.3 | 4,504.1 | 1,484.7 | 1,396.5 | 1,585.5 | 1,628.0 | 1,611.4 | 1,517.8 |
| EV/S | 3.0 | 2.6 | 0.8 | 1.2 | 1.2 | 1.1 | 0.9 | 0.8 |
| EV/EBITDA | 13.4 | 10.5 | 7.6 | 9.5 | 10.1 | 6.1 | 5.1 | 3.9 |
| EV/EBIT (adj.) | 21.7 | 13.9 | 6.7 | 21.5 | 16.5 | 11.3 | 9.0 | 6.8 |
| EV/EBIT | 33.1 | 16.8 | - | 43.4 | 42.7 | 14.3 | 10.2 | 6.8 |
| P/E (adj.) | 27.9 | 18.1 | 8.5 | 25.8 | 15.6 | 10.7 | 8.1 | 6.2 |
| P/E | 46.4 | 22.3 | - | 93.7 | 166.0 | 14.3 | 9.3 | 6.2 |
| P/B | 2.6 | 2.8 | 0.9 | 0.9 | 0.8 | 0.8 | 0.8 | 0.7 |
| P/S | 3.0 | 2.7 | 0.8 | 1.0 | 0.8 | 0.7 | 0.6 | 0.6 |
| Dividend yield | 4.2 % | 1.7 % | 5.7 % | 6.5 % | 7.4 % | 7.4 % | 8.1 % | 8.9 % |
| Equity ratio | 65.1 % | 68.3 % | 64.8 % | 57.9 % | 53.1 % | 50.3 % | 49.8 % | 50.4 % |
| Gearing ratio | -1.1 % | -6.1 % | 9.8 % | 16.6 % | 44.2 % | 47.8 % | 45.2 % | 35.8 % |
Quarter data
| Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 368.0 | 1,173.6 | 236.6 | 324.6 | 313.6 | 432.6 | 1,307.4 | ||
| EBITDA | 63.4 | 147.0 | 4.2 | 37.4 | 34.9 | 80.8 | 157.2 | ||
| EBIT | 33.1 | 32.1 | -26.2 | 8.4 | 4.2 | 50.8 | 37.2 | ||
| Profit before taxes | 27.0 | 14.3 | -31.6 | 1.3 | -5.6 | 43.8 | 7.9 | ||
| Net income | 26.2 | 12.5 | -25.4 | 0.8 | -4.2 | 35.0 | 6.1 |
ShowingAll content types
Nokian Tyres plc Interim Report January-September 2024: Market share gains driving sales growth in a weak market, Romanian factory progressing on schedule
The Board of Directors of Nokian Tyres plc has decided on the payment of the second dividend installment of EUR 0.20 per share for the financial year 2023
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Nokian Tyres will publish its Interim Report January−September 2024 on October 29, 2024
Paolo Pompei to start as the President and CEO of Nokian Tyres plc on January 1, 2025
The European Commission has approved EUR 99.5 million Romanian state aid measure to support Nokian Tyres' new zero CO2 emission tire factory in Romania
Nokian Tyres: Disclosure under chapter 9, section 10 of the securities market act
Nokian Tyres: Disclosure under chapter 9, section 10 of the securities market act
Nokian Tyres plc: Managers' transactions - Hahn
Nokian Tyres: Disclosure under chapter 9, section 10 of the securities market act
Nokian Tyres: Disclosure under chapter 9, section 10 of the securities market act
Nokian Tyres plc: Managers' transactions - Pölönen
Inside information: Paolo Pompei appointed President and CEO of Nokian Tyres plc, will start on January 1, 2025 at the latest
Nokian Tyres plc, Audiocast with teleconference, 2024
Nokian Tyres plc Half Year Financial Report January-June 2024: Improved tire availability driving sales growth in a challenging environment
Nokian Tyres will publish its Half Year Financial Report January−June 2024 on July 19, 2024
Nokian Tyres: Disclosure under chapter 9, section 10 of the securities market act
Nokian Tyres plc: Shareholders' Nomination Board 2024
