Koskisen: Wood processing with over 100 years of experience
Koskisen is a growth-oriented wood processing company operating in the cyclical sawn timber and panel industry whose strategy focuses on customization and quality. We believe Koskisen's long-term demand outlook is healthy and expect its performance to improve over cycles in coming years with the new wood processing line. We do not feel the valuation of the share provides an adequate safety margin considering the high risk level of the company and the expected downward trend.
Koskisen
Koskisen is active in the forest industry. The company specializes in the manufacture and distribution of industrial wood products. The company's product portfolio is broad and mainly includes wood products such as sawn wood, plywood, chipboard, and veneer. The business is run via various business segments and the customers can be found in a number of industries around the global market. The largest presence is found in Finland. The company was founded in 1909 and has its headquarters in Järvelä, Finland.
Read more on company pageKey Estimate Figures24.02.2023
2021 | 22e | 23e | |
---|---|---|---|
Revenue | 311.5 | 308.5 | 267.8 |
growth-% | 41.60 % | -0.96 % | -13.18 % |
EBIT (adj.) | 52.7 | 55.6 | 19.2 |
EBIT-% (adj.) | 16.91 % | 18.02 % | 7.18 % |
EPS (adj.) | 2.32 | 1.67 | 0.58 |
Dividend | 0.00 | 0.43 | 0.20 |
Dividend % | 6.39 % | 3.01 % | |
P/E (adj.) | - | 4.08 | 11.64 |
EV/EBITDA | - | 2.20 | 4.65 |