Rapala VMC
2
EUR
0 %
RAP1V
NASDAQ Helsinki
Personal Goods
Consumer Goods & Services
5,886 following
0%
-11.11%
-19.35%
-29.82%
-33.33%
-24.53%
-76.8%
-31.03%
-68.71%
rapalavmc.com
Rapala VMC is active in recreational fishing. Sales of fishing equipment take place via the company's distribution network and include a number of brands. The product range consists of fishing clothes as well as associated equipment such as fishing rods, metal locks, baits and fishing knives. Operations are conducted worldwide, with the largest presence in Europe and North America. The company is headquartered in Helsinki.
P/E (adj.) (24e)
-34.4
EV/EBIT (adj.) (24e)
23.64
P/B (24e)
0.49
Dividend yield-% (24e)
-
Target price
2.70 EUR
Recommendation
Reduce
Updated
26.7.2024
NASDAQ Helsinki
RAP1V
Daily low / high price
1.995 / 2.04
EUR
Market cap
78M EUR
Turnover
9.6K EUR
Volume
4.8K
Business risk
Valuation risk
Current
Previous
Latest research
Extensive report
Inderes' extensive report is an investor's handbook on customer companies covered by our research.
The latest extensive report was released
Read the reportAnalyst
Thomas Westerholm
Analyst
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 261.3 | 294.3 | 274.3 | 221.6 | 231.6 | 242.4 | 250.9 | 258.5 |
| growth-% | -5.1 % | 12.6 % | -6.8 % | -19.2 % | 4.5 % | 4.6 % | 3.5 % | 3.0 % |
| EBITDA | 24.7 | 46.0 | 23.6 | 15.5 | 25.1 | 30.6 | 32.7 | 33.6 |
| EBIT (adj.) | 21.5 | 32.7 | 15.3 | 5.6 | 8.7 | 19.0 | 21.3 | 22.2 |
| EBIT | 10.8 | 32.1 | 12.3 | 4.0 | 13.7 | 19.0 | 21.3 | 22.2 |
| Profit before taxes | 6.6 | 28.0 | 8.8 | -6.2 | 6.3 | 13.9 | 16.3 | 17.3 |
| Net income | 1.2 | 17.0 | 3.7 | -7.0 | 2.7 | 7.2 | 9.1 | 12.6 |
| EPS (adj.) | 0.31 | 0.46 | 0.17 | -0.14 | -0.06 | 0.19 | 0.24 | 0.32 |
| growth-% | 46.1 % | 48.1 % | -62.3 % | -179.7 % | 26.2 % | 37.9 % | ||
| Dividend | 0.00 | 0.15 | 0.04 | 0.00 | 0.00 | 0.00 | 0.04 | 0.19 |
| Dividend ratio | 34.0 % | 42.0 % | 17.0 % | 60.0 % |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 9.5 % | 15.6 % | 8.6 % | 7.0 % | 10.8 % | 12.6 % | 13.1 % | 13.0 % |
| EBIT-% (adj.) | 8.2 % | 11.1 % | 5.6 % | 2.5 % | 3.7 % | 7.8 % | 8.5 % | 8.6 % |
| EBIT-% | 4.1 % | 10.9 % | 4.5 % | 1.8 % | 5.9 % | 7.8 % | 8.5 % | 8.6 % |
| ROE | 0.8 % | 12.3 % | 2.7 % | -4.7 % | 1.7 % | 4.4 % | 5.9 % | 8.3 % |
| ROI | 4.7 % | 13.8 % | 4.7 % | 1.5 % | 5.5 % | 7.7 % | 8.7 % | 9.2 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 4.36 | 8.72 | 5.00 | 2.84 | 2.00 | 2.00 | 2.00 | 2.00 |
| Shares | 38.6 | 38.6 | 38.9 | 38.9 | 38.9 | 38.9 | 38.9 | 38.9 |
| Market cap | 168.1 | 336.7 | 194.4 | 110.4 | 77.8 | 77.8 | 77.8 | 77.8 |
| Enterprise value | 270.5 | 414.8 | 316.2 | 252.1 | 205.2 | 197.9 | 157.5 | 144.0 |
| EV/S | 1.0 | 1.4 | 1.2 | 1.1 | 0.9 | 0.8 | 0.6 | 0.6 |
| EV/EBITDA | 11.0 | 9.0 | 13.4 | 16.3 | 8.2 | 6.5 | 4.8 | 4.3 |
| EV/EBIT (adj.) | 12.6 | 12.7 | 20.7 | 44.7 | 23.6 | 10.4 | 7.4 | 6.5 |
| EV/EBIT | 25.0 | 12.9 | 25.7 | 63.0 | 15.0 | 10.4 | 7.4 | 6.5 |
| P/E (adj.) | 14.1 | 19.1 | 29.0 | - | - | 10.7 | 8.5 | 6.2 |
| P/E | 141.2 | 19.8 | 52.5 | - | 28.4 | 10.7 | 8.5 | 6.2 |
| P/B | 1.2 | 2.4 | 1.4 | 0.7 | 0.5 | 0.5 | 0.5 | 0.5 |
| P/S | 0.6 | 1.1 | 0.7 | 0.5 | 0.3 | 0.3 | 0.3 | 0.3 |
| Dividend yield | 1.7 % | 0.8 % | 2.0 % | 9.7 % | ||||
| Equity ratio | 52.4 % | 44.2 % | 41.1 % | 52.1 % | 54.1 % | 56.2 % | 49.9 % | 53.9 % |
| Gearing ratio | 36.6 % | 56.1 % | 87.6 % | 52.2 % | 42.3 % | 36.1 % | 54.5 % | 42.0 % |
Quarter data
| Q1/23 | Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24e | Q2/24e | Q3/24e | Q4/24e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 117.9 | 103.7 | 221.6 | 120.5 | 111.1 | ||||
| EBITDA | 10.1 | 5.5 | 15.5 | 16.9 | 8.2 | ||||
| EBIT | 4.5 | -0.5 | 4.0 | 11.2 | 2.5 | ||||
| Profit before taxes | -0.5 | -5.8 | -6.2 | 6.9 | -0.6 | ||||
| Net income | -1.1 | -5.9 | -7.0 | 4.7 | -2.0 |
ShowingAll content types
Rapala VMC Oyj, Webcast with teleconference, Q2'24
Rapala VMC Corporation’s Half Year Report H1/2024: Profitability Improved in a Recovering Market
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Rapala VMC Corporation: Changes in Global Management Team
Rapala as an Investment | Consumer Goods Night June 11, 2024
Consumer Goods Companies as Investments | Consumer Goods Night June 11, 2024
Consumer Goods Night | June 11, 2024
Rapala VMC strengthens is sustainability commitments by joining UN Global Compact
Decisions of Rapala VMC Corporation’s Annual General Meeting and Organising Meeting of the Board of Directors
Rapala VMC Corporation: Board member Jorma Kasslin has passed away
Rapala VMC Corporation: Changes in Global Management Team
Rapala VMC Corporation’s Financial Statement and other 2023 reports have been released
Notice of the Annual General Meeting of Rapala VMC Corporation
Correction: Rapala VMC Corporation’s Annual Accounts 2023: Strong Cash Flow but Sales and Profitability Down From Last Year in a Tough Market Environment
