Pallas Air
0.95
EUR
PALLAS
First North Finland
Industrial Goods & Services
Industrials
624 following
-5%
+26.67%
-24%
-49.74%
-50%
-87.09%
-90.51%
-
-
-98.89%
pallasair.com
Pallas Air operates in the industrial sector. The company offers technical solutions in air purification and related products. The Group's operations are divided into a number of business areas and the solutions are used, for example, in industry, and among properties. Customers are found on a global level with the largest concentration in the Nordic region. The products are aimed primarily at corporate customers and larger institutes, but also at private individuals.
P/E (adj.) (24e)
-0.35
EV/EBIT (adj.) (24e)
-5
P/B (24e)
0.46
Dividend yield-% (24e)
-
Target price
1.50 EUR
Recommendation
Sell
Updated
20.9.2024
First North Finland
PALLAS
Daily low / high price
-
Market cap
1.22M EUR
Turnover
-
Volume
-
Business risk
Valuation risk
Current
Previous
Analyst
Thomas Westerholm
Analyst
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 10.8 | 17.8 | 4.4 | 3.5 | 8.4 | 9.0 | 9.5 | 9.8 |
growth-% | 344.8 % | 65.3 % | -75.3 % | -20.1 % | 138.5 % | 7.0 % | 6.0 % | 3.0 % |
EBITDA | 2.9 | 5.9 | -3.9 | -2.9 | -1.8 | 0.7 | 0.9 | 1.7 |
EBIT (adj.) | 2.5 | 5.2 | -2.9 | -4.6 | -2.3 | 0.5 | 0.7 | 0.7 |
EBIT | 2.5 | 5.2 | -6.5 | -5.6 | -4.2 | -1.4 | -1.2 | -0.3 |
Profit before taxes | 2.5 | 5.0 | -7.3 | -4.3 | -5.5 | -2.1 | -2.0 | -1.0 |
Net income | 2.0 | 4.0 | -7.4 | -4.2 | -5.4 | -1.7 | -1.6 | -0.8 |
EPS (adj.) | 0.25 | 0.51 | -0.38 | -0.17 | -2.72 | 0.13 | 0.24 | 0.20 |
growth-% | 34,114.8 % | 103.4 % | -175.5 % | 94.8 % | -18.0 % | |||
Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Dividend ratio |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 26.7 % | 33.3 % | -88.0 % | -81.6 % | -21.1 % | 8.1 % | 9.1 % | 17.7 % |
EBIT-% (adj.) | 23.3 % | 29.3 % | -66.7 % | -129.9 % | -27.8 % | 5.9 % | 7.0 % | 7.6 % |
EBIT-% | 23.3 % | 29.3 % | -146.8 % | -159.2 % | -50.1 % | -15.1 % | -12.7 % | -3.1 % |
ROE | 98.0 % | 81.6 % | -106.5 % | -63.8 % | -122.0 % | -95.0 % | -933.8 % | 78.4 % |
ROI | 65.3 % | 55.2 % | -45.8 % | -37.9 % | -30.9 % | -11.2 % | -12.7 % | -4.1 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 3.40 | 0.16 | 0.25 | 0.95 | 0.95 | 0.95 | 0.95 | |
Shares | 7.9 | 7.9 | 10.2 | 18.5 | 1.3 | 1.3 | 1.3 | 1.3 |
Market cap | 27.0 | 1.6 | 4.6 | 1.2 | 1.2 | 1.2 | 1.2 | |
Enterprise value | 32.7 | 9.9 | 12.2 | 11.7 | 10.7 | 9.8 | 8.7 | |
EV/S | - | 1.8 | 2.2 | 3.5 | 1.4 | 1.2 | 1.0 | 0.9 |
EV/EBITDA | - | 5.5 | - | - | - | 14.7 | 11.3 | 5.0 |
EV/EBIT (adj.) | - | 6.3 | - | - | - | 20.3 | 14.7 | 11.7 |
EV/EBIT | - | 6.3 | - | - | - | - | - | - |
P/E (adj.) | - | 6.7 | - | - | - | 7.6 | 3.9 | 4.7 |
P/E | - | 6.7 | - | - | - | - | - | - |
P/B | - | 3.9 | 0.2 | 0.8 | 0.5 | 1.3 | - | - |
P/S | - | 1.5 | 0.4 | 1.3 | 0.1 | 0.1 | 0.1 | 0.1 |
Dividend yield | ||||||||
Equity ratio | 32.2 % | 44.4 % | 37.4 % | 33.1 % | 17.8 % | 7.7 % | -6.1 % | -17.0 % |
Gearing ratio | 107.8 % | 83.3 % | 116.5 % | 122.7 % | 391.3 % | 994.8 % | -1,397.6 % | -533.4 % |
Quarter data
Q1/23 | Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24e | Q2/24e | Q3/24e | Q4/24e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 1.5 | 2.0 | 3.5 | 4.4 | 4.0 | ||||
EBITDA | -2.0 | -0.9 | -2.9 | -1.8 | 0.0 | ||||
EBIT | -3.1 | -2.5 | -5.6 | -3.2 | -1.0 | ||||
Profit before taxes | -1.3 | -3.0 | -4.3 | -3.9 | -1.6 | ||||
Net income | -1.3 | -3.0 | -4.2 | -3.9 | -1.5 |