Tokmanni: Takeaway from CMD: growth continues
Tokmanni hosted a CMD on Tuesday, where it announced its updated strategy for 2024-25. Growth will continue, driven by Sweden and Denmark instead of Finland. We made forecast changes that focus especially on 2025 thanks to higher store opening plans than expected. Tokmanni's share price has risen clearly since our last update, so we feel the previously low valuation is catching up with the earnings growth potential.
Tokmanni Group
Tokmanni Group is a Finnish retail chain. The Group's product range includes household products, food items, clothing, tools, and electronics and interior design products. The products include a number of external brands and part of the range is sold under the own brand. The group is mainly established around the Finnish domestic market. The company is headquartered in Mäntsälä.
Read more on company pageKey Estimate Figures14.02
2022 | 23e | 24e | |
---|---|---|---|
Omsætning | 1.168,0 | 1.393,0 | 1.672,7 |
vækst-% | 2,30 % | 19,26 % | 20,08 % |
EBIT (adj.) | 85,7 | 99,7 | 118,6 |
EBIT-% (adj.) | 7,34 % | 7,16 % | 7,09 % |
EPS (adj.) | 1,03 | 1,04 | 1,19 |
Udbytte | 0,76 | 0,78 | 0,80 |
Udbytte % | 6,73 % | 5,84 % | 5,99 % |
P/E (adj.) | 10,99 | 12,80 | 11,22 |
EV/EBITDA | 6,66 | 8,34 | 5,58 |