Springvest
8.25
EUR
+1.85 %
SPRING
First North Finland
Financial Services
Financials
885 following
+1.85%
+4.43%
+14.58%
+21.32%
+73.32%
+95.5%
+102.21%
-
-
-5.96%
www.springvest.fi/springvestin-sijoittajille
Springvest is active in the financial industry. The company operates as a manager and organizer of public issues for previously unlisted growth companies. The company provides financing and opportunities to invest in unlisted shares. The business is mainly conducted in Finland. Springvest was founded in 2012 and has its headquarters in Helsinki.
P/E (adj.) (24e)
29.66
EV/EBIT (adj.) (24e)
22.66
P/B (24e)
1.62
Dividend yield-% (24e)
6.06 %
Target price
8.50 EUR
Recommendation
Accumulate
Updated
12.11.2024
First North Finland
SPRING
Daily low / high price
8.1 / 8.25
EUR
Market cap
45.96M EUR
Turnover
12.2K EUR
Volume
1.5K
Business risk
Valuation risk
Current
Previous
Analyst
Antti Luiro
Head of Nordic ER Development, Analyst
Financial calendar
Extraordinary general meeting
04.12.2024
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 3.3 | 4.0 | 3.8 | 3.8 | 7.0 | 6.1 | 6.3 | 6.6 |
growth-% | 17.2 % | 24.1 % | -5.9 % | -0.0 % | 84.9 % | -12.4 % | 2.8 % | 4.0 % |
EBITDA | 0.7 | 0.4 | 0.8 | 0.5 | 2.0 | 1.2 | 1.3 | 1.4 |
EBIT (adj.) | 0.7 | 0.8 | 0.7 | 0.5 | 1.9 | 1.2 | 1.3 | 1.4 |
EBIT | 0.7 | 0.4 | 0.7 | 0.5 | 1.9 | 1.2 | 1.3 | 1.4 |
Profit before taxes | 0.7 | 0.4 | 0.7 | 0.5 | 1.9 | 1.2 | 1.3 | 1.4 |
Net income | 0.6 | 0.3 | 0.6 | 0.4 | 1.5 | 1.0 | 1.0 | 1.1 |
EPS (adj.) | 0.10 | 0.12 | 0.11 | 0.06 | 0.28 | 0.17 | 0.19 | 0.20 |
growth-% | 121.6 % | 10.8 % | -7.6 % | -39.4 % | 327.9 % | -37.1 % | 7.4 % | 9.0 % |
Dividend | 0.11 | 2.30 | 0.10 | 0.15 | 0.50 | 0.36 | 0.16 | 0.18 |
Dividend ratio | 102.3 % | 4,282.9 % | 93.2 % | 230.8 % | 179.8 % | 205.7 % | 85.1 % | 87.8 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 22.8 % | 9.7 % | 20.3 % | 14.4 % | 27.9 % | 20.3 % | 20.9 % | 21.9 % |
EBIT-% (adj.) | 22.8 % | 19.8 % | 19.5 % | 14.1 % | 27.7 % | 20.0 % | 20.9 % | 21.9 % |
EBIT-% | 22.8 % | 9.2 % | 19.5 % | 14.1 % | 27.7 % | 20.0 % | 20.9 % | 21.9 % |
ROE | 4.5 % | 2.0 % | 3.8 % | 2.0 % | 6.4 % | 3.2 % | 2.9 % | 2.7 % |
ROI | 5.8 % | 2.6 % | 4.7 % | 2.9 % | 8.0 % | 3.9 % | 3.5 % | 3.2 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 8.77 | 8.14 | 3.89 | 4.22 | 8.25 | 8.25 | 8.25 | 8.25 |
Shares | 5.5 | 5.5 | 5.5 | 5.6 | 5.6 | 5.6 | 5.6 | 5.6 |
Market cap | 48.2 | 44.8 | 21.4 | 23.5 | 46.0 | 46.0 | 46.0 | 46.0 |
Enterprise value | 47.3 | 38.7 | 19.7 | 21.9 | 44.0 | 45.7 | 46.7 | 46.5 |
EV/S | 14.5 | 9.6 | 5.2 | 5.8 | 6.3 | 7.4 | 7.4 | 7.1 |
EV/EBITDA | 63.9 | 99.0 | 25.6 | 40.0 | 22.5 | 36.7 | 35.4 | 32.4 |
EV/EBIT (adj.) | 63.9 | 48.4 | 26.7 | 40.8 | 22.7 | 37.3 | 35.4 | 32.4 |
EV/EBIT | 63.9 | 104.4 | 26.7 | 40.8 | 22.7 | 37.3 | 35.4 | 32.4 |
P/E (adj.) | 83.6 | 70.0 | 36.2 | 64.9 | 29.7 | 47.1 | 43.9 | 40.3 |
P/E | 83.6 | 151.4 | 36.2 | 64.9 | 29.7 | 47.1 | 43.9 | 40.3 |
P/B | 3.4 | 3.0 | 1.3 | 1.2 | 1.6 | 1.4 | 1.2 | 1.0 |
P/S | 14.8 | 11.1 | 5.6 | 6.2 | 6.6 | 7.5 | 7.3 | 7.0 |
Dividend yield | 1.2 % | 28.3 % | 2.6 % | 3.6 % | 6.1 % | 4.4 % | 1.9 % | 2.2 % |
Equity ratio | 79.2 % | 75.5 % | 80.8 % | 80.1 % | 84.1 % | 83.0 % | 83.2 % | 85.6 % |
Gearing ratio | -6.5 % | -40.5 % | -10.0 % | -8.2 % | -6.9 % | -0.8 % | 1.9 % | 1.1 % |
Quarter data
Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24e | Q4/24e | 2024e | Q1/25e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 1.9 | 3.8 | 3.7 | 3.3 | 7.0 | ||||
EBITDA | 0.3 | 0.5 | 1.2 | 0.8 | 2.0 | ||||
EBIT | 0.2 | 0.5 | 1.2 | 0.8 | 1.9 | ||||
Profit before taxes | 0.2 | 0.5 | 1.2 | 0.8 | 1.9 | ||||
Net income | 0.2 | 0.4 | 0.9 | 0.6 | 1.5 |