Financials Honkarakenne Oyj

Equities

HONBS

FI0009900104

Homebuilding

Market Closed - Nasdaq Helsinki 08:23:15 2024-05-03 am EDT 5-day change 1st Jan Change
3.05 EUR -4.09% Intraday chart for Honkarakenne Oyj +2.35% -5.28%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 25.09 42.98 25.53 18.97 17.97 - -
Enterprise Value (EV) 1 25.09 34.28 25.53 18.97 16.87 15.77 17.97
P/E ratio 8.92 x 13.1 x - -80.5 x - 15.3 x 11.3 x
Yield - 3.42% 5.76% 2.8% 1.97% 3.28% 4.59%
Capitalization / Revenue - 0.62 x 0.35 x 0.41 x 0.39 x 0.34 x 0.32 x
EV / Revenue - 0.49 x 0.35 x 0.41 x 0.36 x 0.3 x 0.32 x
EV / EBITDA - 5.71 x - 7.59 x 6.25 x 3.67 x 3.59 x
EV / FCF - 5.12 x - -4.81 x -24.1 x 10.5 x 8.56 x
FCF Yield - 19.5% - -20.8% -4.15% 9.51% 11.7%
Price to Book - 2.54 x - 1.15 x 1.16 x 1.1 x -
Nbr of stocks (in thousands) 5,862 5,872 5,882 5,890 5,890 - -
Reference price 2 4.280 7.320 4.340 3.220 3.050 3.050 3.050
Announcement Date 2/18/21 2/16/22 2/16/23 2/14/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 69.7 73.7 46.3 46.6 52.2 56.8
EBITDA 1 - 6 - 2.5 2.7 4.3 5
EBIT 1 - 3.7 4.2 0.3 0.2 1.7 2.2
Operating Margin - 5.31% 5.7% 0.65% 0.43% 3.26% 3.87%
Earnings before Tax (EBT) 1 - 3.6 - -0.3 - 1.5 2
Net income 1 2.8 3.3 - -0.2 - 1.2 1.6
Net margin - 4.73% - -0.43% - 2.3% 2.82%
EPS 2 0.4800 0.5600 - -0.0400 - 0.2000 0.2700
Free Cash Flow 1 - 6.7 - -3.942 -0.7 1.5 2.1
FCF margin - 9.61% - -8.51% -1.5% 2.87% 3.7%
FCF Conversion (EBITDA) - 111.67% - - - 34.88% 42%
FCF Conversion (Net income) - 203.03% - - - 125% 131.25%
Dividend per Share 2 - 0.2500 0.2500 0.0900 0.0600 0.1000 0.1400
Announcement Date 2/18/21 2/16/22 2/16/23 2/14/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2
Net sales 1 - 40.1 36.7 73.7 23 23.3 21 25.6
EBITDA 1 - - - - 1.4 1.2 1 1.7
EBIT 1 - 2 2.2 1.9 0.3 0.1 -0.2 0.4
Operating Margin - 4.99% 5.99% 2.58% 1.3% 0.43% -0.95% 1.56%
Earnings before Tax (EBT) 1 - 1.9 1.7 - -0.4 0.2 -0.3 0.3
Net income 1 1.5 1.8 - - -0.4 0.2 -0.2 0.2
Net margin - 4.49% - - -1.74% 0.86% -0.95% 0.78%
EPS 2 0.2500 0.3100 0.2300 - -0.0700 0.0400 -0.0400 0.0400
Dividend per Share - - - - - - - -
Announcement Date 8/26/21 2/16/22 8/24/22 2/16/23 8/25/23 2/14/24 - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - -
Net Cash position 1 - 8.7 - - 1.1 2.2 -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - 6.7 - -3.94 -0.7 1.5 2.1
ROE (net income / shareholders' equity) - 21% - - - 7.4% -
ROA (Net income/ Total Assets) - - - - - - -
Assets 1 - - - - - - -
Book Value Per Share 2 - 2.880 - 2.790 2.630 2.770 -
Cash Flow per Share 2 - 1.230 - -0.3900 0.6200 0.7200 -
Capex 1 - 0.5 - 1.62 4.3 2.7 2.7
Capex / Sales - 0.72% - 3.51% 9.23% 5.17% 4.75%
Announcement Date 2/18/21 2/16/22 2/16/23 2/14/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
1
Last Close Price
3.05 EUR
Average target price
3.2 EUR
Spread / Average Target
+4.92%
Consensus
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