Toivo Group
1.005
EUR
-0.99 %
TOIVO
First North Finland
Real Estate Management & Development
Real Estate
1,587 following
-0.99%
-5.63%
-7.37%
-5.19%
+3.18%
-12.61%
-4.29%
-64.86%
-
-60.54%
sijoittajille.toivo.fi
Toivo Group is active in the real estate sector. The company develops and manages a wide range of properties. The properties mainly consist of homes for the private sector. The vision is to own the properties in the long term with a focus on management and further development, where renovation and redevelopment account for the majority of the business. In addition to the main business, support and technical maintenance are offered. The largest share of real estate investments is found in the Nordic market.
Read moreP/E (adj.) (24e)
40.42
EV/EBIT (adj.) (24e)
22.46
P/B (24e)
0.84
Dividend yield-% (24e)
-
Target price
1.25 EUR
Recommendation
Accumulate
Updated
6.11.2024
First North Finland
TOIVO
Daily low / high price
0.982 / 1.005
EUR
Market cap
59.05M EUR
Turnover
19.38K EUR
Volume
19K
Business risk
Valuation risk
Current
Previous
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4.3 | 16.4 | 20.3 | 43.7 | 39.8 | 62.0 | 59.1 | 64.7 |
| growth-% | 38.3 % | 286.3 % | 23.8 % | 115.0 % | -8.9 % | 55.9 % | -4.8 % | 9.6 % |
| EBITDA | 7.2 | 15.8 | 15.6 | -0.3 | 5.9 | 14.4 | 16.4 | 16.9 |
| EBIT (adj.) | 7.2 | 15.8 | 15.6 | -0.3 | 5.8 | 14.3 | 16.3 | 16.8 |
| EBIT | 7.2 | 15.8 | 15.6 | -0.3 | 5.8 | 14.3 | 16.3 | 16.8 |
| Profit before taxes | 6.5 | 15.1 | 14.8 | -4.2 | 1.4 | 10.7 | 12.8 | 13.3 |
| Net income | 5.0 | 11.9 | 12.0 | -4.4 | 1.5 | 8.5 | 10.1 | 10.7 |
| EPS (adj.) | 0.11 | 0.24 | 0.22 | -0.08 | 0.02 | 0.15 | 0.17 | 0.18 |
| growth-% | 54.5 % | 115.6 % | -9.5 % | -134.8 % | 483.8 % | 18.9 % | 5.7 % | |
| Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.03 | 0.04 |
| Dividend ratio | 13.8 % | 17.4 % | 21.9 % |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 169.2 % | 96.3 % | 77.0 % | -0.7 % | 14.8 % | 23.3 % | 27.8 % | 26.2 % |
| EBIT-% (adj.) | 169.2 % | 96.3 % | 77.0 % | -0.7 % | 14.5 % | 23.1 % | 27.7 % | 26.0 % |
| EBIT-% | 169.2 % | 96.3 % | 77.0 % | -0.7 % | 14.5 % | 23.1 % | 27.7 % | 26.0 % |
| ROE | 22.2 % | 29.2 % | 19.4 % | -6.4 % | 2.1 % | 11.5 % | 12.2 % | 11.6 % |
| ROI | 13.0 % | 19.2 % | 11.2 % | -0.2 % | 3.6 % | 9.3 % | 9.7 % | 9.4 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 2.10 | 2.92 | 1.30 | 1.08 | 1.01 | 1.01 | 1.01 | 1.01 |
| Shares | 45.0 | 53.1 | 58.3 | 58.5 | 58.5 | 58.5 | 58.5 | 58.5 |
| Market cap | 94.5 | 154.7 | 75.5 | 63.2 | 58.8 | 58.8 | 58.8 | 58.8 |
| Enterprise value | 118.5 | 195.0 | 167.4 | 162.1 | 130.0 | 127.0 | 136.6 | 130.5 |
| EV/S | 27.9 | 11.9 | 8.2 | 3.7 | 3.3 | 2.0 | 2.3 | 2.0 |
| EV/EBITDA | 16.5 | 12.3 | 10.7 | - | 22.0 | 8.8 | 8.3 | 7.7 |
| EV/EBIT (adj.) | 16.5 | 12.3 | 10.7 | - | 22.5 | 8.9 | 8.4 | 7.8 |
| EV/EBIT | 16.5 | 12.3 | 10.7 | - | 22.5 | 8.9 | 8.4 | 7.8 |
| P/E (adj.) | 19.0 | 12.2 | 6.0 | - | 40.4 | 6.9 | 5.8 | 5.5 |
| P/E | 19.0 | 12.2 | 6.0 | - | 40.4 | 6.9 | 5.8 | 5.5 |
| P/B | 3.5 | 2.9 | 1.1 | 0.9 | 0.8 | 0.8 | 0.7 | 0.6 |
| P/S | 22.2 | 9.4 | 3.7 | 1.4 | 1.5 | 0.9 | 1.0 | 0.9 |
| Dividend yield | 2.0 % | 3.0 % | 4.0 % | |||||
| Equity ratio | 42.8 % | 45.0 % | 38.4 % | 36.4 % | 44.3 % | 45.1 % | 45.3 % | 46.8 % |
| Gearing ratio | 88.1 % | 73.9 % | 131.3 % | 144.2 % | 101.7 % | 86.9 % | 88.9 % | 74.3 % |
Quarter data
| Q1/23 | Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24e | Q2/24e | Q3/24e | Q4/24e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 13.6 | 6.1 | 13.9 | 10.1 | 43.7 | 10.3 | 18.1 | 4.2 | 7.2 |
| EBITDA | 2.8 | 2.9 | 2.1 | -8.1 | -0.3 | 1.2 | 1.2 | 1.1 | 2.4 |
| EBIT | 2.8 | 2.9 | 2.1 | -8.1 | -0.3 | 1.2 | 1.2 | 1.1 | 2.4 |
| Profit before taxes | 2.2 | 2.2 | 1.1 | -9.7 | -4.2 | -0.0 | 0.1 | -0.1 | 1.4 |
| Net income | 1.6 | 1.6 | 0.9 | -8.5 | -4.4 | 0.1 | 0.4 | -0.1 | 1.1 |
ShowingAll content types
Toivo Group Liiketoimintakatsaus Q3'24
Toivo Group Plc’s business review 1 January–30 September 2024: The company is preparing for growing demand for housing. (Unaudited)
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Invitation to the publication of Toivo Group Plc’s Business Review for January–September 2024
Profit warning: Toivo Group Plc is lowering its guidance for 2024 due to a delay in the launch of construction projects
Toivo Group Plc has signed contracts and begun a EUR 4,1 million regional construction project for Nuveen Real Estate as part of EUR 42 million portfolio
Toivo Group Plc: Composition of Toivo’s Shareholders’ Nomination Committee
Toivo Group Plc signs agreement for EUR 4,5 million owner-occupied housing project in Torpparinmäki, Helsinki
Toivo Group Plc starts a EUR 8 million owner-occupied housing project in Oulunkylä, Helsinki
Toivo Group Plc starts a residential apartment building investment valued EUR 18 million near the Kilo station in Espoo.
Toivo Group Plc’s Real Estate Special Situations Unit has completed its first project
Correction: Toivo Group Plc’s half-year review 1 January–30 June 2024: Approximately EUR 100 million in new contracts in the second quarter.
