HUHTAMÄKI OYJ |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 36.06 EUR | -0.50% |
|
+0.78% | -1.82% |
| Apr. 25 | Huhtamäki Oyj Approves Board Changes | CI |
| Apr. 25 | Huhtamäki Oyj Approves Dividend for the Financial Period Ended December 31, 2023, Payable on May 7, 2024 and October 8, 2024 Respectively | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,318 | 4,410 | 4,059 | 3,340 | 3,840 | 3,778 | - | - |
| Enterprise Value (EV) 1 | 5,222 | 5,287 | 5,583 | 4,811 | 5,128 | 5,056 | 5,007 | 4,940 |
| P/E ratio | 22.7 x | 25 x | 20.4 x | 12.1 x | 18.6 x | 16.3 x | 13.5 x | 12.5 x |
| Yield | 2.15% | 2.18% | 2.42% | 3.13% | 2.86% | 3.05% | 3.35% | 3.62% |
| Capitalization / Revenue | 1.27 x | 1.34 x | 1.14 x | 0.75 x | 0.92 x | 0.89 x | 0.84 x | 0.8 x |
| EV / Revenue | 1.54 x | 1.6 x | 1.56 x | 1.07 x | 1.23 x | 1.2 x | 1.11 x | 1.05 x |
| EV / EBITDA | 11.4 x | 11.2 x | 11.4 x | 8.06 x | 8.69 x | 7.95 x | 7.45 x | 6.96 x |
| EV / FCF | 23.5 x | 25.8 x | -152 x | 1,659 x | 19.8 x | 33 x | 26.2 x | 22.8 x |
| FCF Yield | 4.26% | 3.88% | -0.66% | 0.06% | 5.06% | 3.03% | 3.81% | 4.38% |
| Price to Book | 3.2 x | 3.43 x | 2.66 x | 1.81 x | 2.09 x | 1.87 x | 1.73 x | 1.63 x |
| Nbr of stocks (in thousands) | 104,350 | 104,350 | 104,365 | 104,365 | 104,538 | 104,761 | - | - |
| Reference price 2 | 41.38 | 42.26 | 38.89 | 32.00 | 36.73 | 36.06 | 36.06 | 36.06 |
| Announcement Date | 2/11/20 | 2/11/21 | 2/10/22 | 2/9/23 | 2/8/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,399 | 3,302 | 3,575 | 4,479 | 4,169 | 4,225 | 4,493 | 4,697 |
| EBITDA 1 | 456.3 | 473.1 | 488.4 | 596.9 | 590.1 | 635.6 | 671.7 | 709.5 |
| EBIT 1 | 293.1 | 302.1 | 315.3 | 395.1 | 392.6 | 419 | 448.7 | 478.7 |
| Operating Margin | 8.62% | 9.15% | 8.82% | 8.82% | 9.42% | 9.92% | 9.99% | 10.19% |
| Earnings before Tax (EBT) 1 | 256.7 | 237.1 | 263 | 352.1 | 312 | 315.7 | 373.4 | 400.5 |
| Net income 1 | 190.1 | 176.8 | 198.8 | 276.2 | 206.3 | 233 | 282 | 306 |
| Net margin | 5.59% | 5.35% | 5.56% | 6.17% | 4.95% | 5.51% | 6.28% | 6.51% |
| EPS 2 | 1.820 | 1.690 | 1.910 | 2.650 | 1.970 | 2.208 | 2.675 | 2.876 |
| Free Cash Flow 1 | 222.5 | 205.1 | -36.7 | 2.9 | 259.5 | 153.4 | 190.8 | 216.5 |
| FCF margin | 6.55% | 6.21% | -1.03% | 0.06% | 6.22% | 3.63% | 4.25% | 4.61% |
| FCF Conversion (EBITDA) | 48.76% | 43.35% | - | 0.49% | 43.98% | 24.14% | 28.41% | 30.52% |
| FCF Conversion (Net income) | 117.04% | 116.01% | - | 1.05% | 125.79% | 65.85% | 67.68% | 70.76% |
| Dividend per Share 2 | 0.8900 | 0.9200 | 0.9400 | 1.000 | 1.050 | 1.101 | 1.209 | 1.304 |
| Announcement Date | 2/11/20 | 2/11/21 | 2/10/22 | 2/9/23 | 2/8/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 999.5 | 1,050 | 1,147 | 1,178 | 1,104 | 1,047 | 1,052 | 1,037 | 1,033 | 1,004 | 1,065 | 1,081 | 1,095 | 1,064 | - |
| EBITDA 1 | 130.3 | 146.6 | 153.8 | 153.2 | 143.3 | 140.5 | 141.2 | 149 | 159.5 | 149 | 157.8 | 163 | 168.2 | 147 | - |
| EBIT 1 | 82.2 | 97.5 | 102.7 | 101.5 | 93.3 | 92.1 | 92.7 | 100.3 | 107.5 | 98.8 | 104.1 | 108.4 | 113.4 | 104 | - |
| Operating Margin | 8.22% | 9.29% | 8.95% | 8.61% | 8.45% | 8.8% | 8.81% | 9.67% | 10.41% | 9.84% | 9.78% | 10.02% | 10.35% | 9.77% | - |
| Earnings before Tax (EBT) 1 | 75.4 | 90.6 | 84.5 | 115.2 | 61.8 | 68.4 | 39.5 | 75.8 | 128.3 | 56.3 | 84.1 | 88.7 | 94.43 | 79 | - |
| Net income 1 | 57.9 | 66 | 60.8 | 93 | 56.3 | 49.5 | 25.3 | 44.3 | 87.2 | 36.3 | 63.27 | 66.87 | 71.43 | 61 | 67 |
| Net margin | 5.79% | 6.29% | 5.3% | 7.89% | 5.1% | 4.73% | 2.41% | 4.27% | 8.44% | 3.62% | 5.94% | 6.18% | 6.52% | 5.73% | - |
| EPS 2 | 0.5600 | 0.6300 | 0.5800 | 0.8900 | 0.5400 | 0.4700 | 0.2400 | 0.4200 | 0.8300 | 0.3500 | 0.5933 | 0.6267 | 0.6667 | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/10/22 | 4/27/22 | 7/21/22 | 10/21/22 | 2/9/23 | 4/27/23 | 7/20/23 | 10/20/23 | 2/8/24 | 4/25/24 | - | - | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 904 | 878 | 1,524 | 1,471 | 1,288 | 1,278 | 1,229 | 1,162 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.981 x | 1.855 x | 3.121 x | 2.464 x | 2.183 x | 2.011 x | 1.83 x | 1.638 x |
| Free Cash Flow 1 | 223 | 205 | -36.7 | 2.9 | 260 | 153 | 191 | 217 |
| ROE (net income / shareholders' equity) | 15.3% | 14.8% | 14.2% | 14.9% | 13.2% | 12.4% | 13.1% | 13% |
| ROA (Net income/ Total Assets) | 5.72% | 5.63% | 4.89% | 5.9% | 4.35% | 5.06% | 5.57% | 5.94% |
| Assets 1 | 3,322 | 3,138 | 4,069 | 4,682 | 4,743 | 4,601 | 5,060 | 5,149 |
| Book Value Per Share 2 | 12.90 | 12.30 | 14.60 | 17.70 | 17.60 | 19.20 | 20.80 | 22.10 |
| Cash Flow per Share 2 | 4.090 | 4.110 | 2.140 | 3.070 | 5.510 | 4.330 | 4.750 | 5.060 |
| Capex 1 | 204 | 224 | 259 | 319 | 319 | 293 | 300 | 301 |
| Capex / Sales | 6% | 6.77% | 7.26% | 7.11% | 7.64% | 6.93% | 6.67% | 6.41% |
| Announcement Date | 2/11/20 | 2/11/21 | 2/10/22 | 2/9/23 | 2/8/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
36.06
EUR
Average target price
41.49
EUR
Spread / Average Target
+15.06%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -1.82% | 4.03B | |
| +6.10% | 15.4B | |
| +13.80% | 12.14B | |
| -6.42% | 11.75B | |
| +11.37% | 11.06B | |
| +1.48% | 10.71B | |
| +11.68% | 8.43B | |
| -10.81% | 8.28B | |
| -2.74% | 7.86B | |
| +10.64% | 5.84B |
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- Financials Huhtamäki Oyj
