Administer
2.42
EUR
0 %
ADMIN
First North Finland
IT Services
Technology
962 following
0%
+0.83%
-5.47%
-7.63%
0%
+0.41%
-11.03%
-
-
-49.57%
administergroup.com/en/investors
Administer Group, founded in 1985, is a Finnish company that offers financial and payroll management services, consulting and software services, staffing and recruitment services as well as compliance and advisory services. The customers include organisations of all sizes, from small and mid-sized companies to large enterprises and municipalities. Administer has offices in Finland as well as in Stockholm and Tallinn.
P/E (adj.) (24e)
10.23
EV/EBIT (adj.) (24e)
10.95
P/B (24e)
1.29
Dividend yield-% (24e)
2.93 %
Target price
2.80 EUR
Recommendation
Accumulate
Updated
7.11.2024
First North Finland
ADMIN
Daily low / high price
2.42 / 2.44
EUR
Market cap
34.79M EUR
Turnover
4.48K EUR
Volume
1.8K
Business risk
Valuation risk
Current
Previous
Analyst
Juha Kinnunen
Analyst
Latest videos
Financial calendar
Annual report
2025-03-05
General meeting
2025-04-23
Business review
2025-05-07
Interim report
2025-08-14
Business review
2025-11-05
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 43.7 | 41.9 | 52.8 | 75.9 | 74.3 | 74.5 | 79.4 | 83.3 |
| growth-% | -3.5 % | -4.0 % | 25.9 % | 43.8 % | -2.1 % | 0.2 % | 6.6 % | 5.0 % |
| EBITDA | 4.4 | 2.3 | 3.8 | 2.8 | 6.1 | 7.2 | 9.5 | 11.5 |
| EBIT (adj.) | 3.8 | 1.5 | 2.7 | 1.4 | 4.1 | 5.2 | 7.6 | 9.5 |
| EBIT | 2.9 | 0.1 | 0.1 | -3.0 | 0.1 | 1.1 | 3.6 | 5.5 |
| Profit before taxes | 2.6 | -1.7 | -0.3 | -3.9 | -0.4 | 0.3 | 3.1 | 5.2 |
| Net income | 2.0 | -1.8 | -0.7 | -3.9 | -0.7 | -0.5 | 1.7 | 3.3 |
| EPS (adj.) | 0.30 | -0.02 | 0.13 | 0.03 | 0.24 | 0.25 | 0.40 | 0.51 |
| growth-% | 107.5 % | -108.0 % | -74.4 % | 621.0 % | 5.7 % | 59.3 % | 29.1 % | |
| Dividend | 0.00 | 0.00 | 0.05 | 0.00 | 0.07 | 0.08 | 0.12 | 0.17 |
| Dividend ratio | -102.0 % | -155.8 % | -234.3 % | 102.8 % | 73.1 % |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 10.2 % | 5.4 % | 7.1 % | 3.8 % | 8.2 % | 9.6 % | 11.9 % | 13.8 % |
| EBIT-% (adj.) | 8.8 % | 3.6 % | 5.1 % | 1.8 % | 5.5 % | 7.0 % | 9.6 % | 11.4 % |
| EBIT-% | 6.6 % | 0.1 % | 0.2 % | -3.9 % | 0.1 % | 1.5 % | 4.5 % | 6.6 % |
| ROE | 23.1 % | -8.6 % | -2.2 % | -13.0 % | -2.4 % | -1.8 % | 6.5 % | 12.5 % |
| ROI | 18.3 % | 0.2 % | 0.3 % | -6.4 % | 0.2 % | 3.0 % | 10.0 % | 16.5 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 4.34 | 4.20 | 2.66 | 2.41 | 2.42 | 2.42 | 2.42 | 2.42 |
| Shares | 9.6 | 14.2 | 14.3 | 14.3 | 14.4 | 14.4 | 14.4 | 14.4 |
| Market cap | 41.7 | 59.6 | 38.1 | 34.5 | 34.7 | 34.7 | 34.7 | 34.7 |
| Enterprise value | 47.3 | 50.8 | 49.0 | 45.1 | 45.0 | 43.2 | 39.1 | 33.9 |
| EV/S | 1.1 | 1.2 | 0.9 | 0.6 | 0.6 | 0.6 | 0.5 | 0.4 |
| EV/EBITDA | 10.6 | 22.6 | 13.0 | 15.8 | 7.4 | 6.0 | 4.1 | 2.9 |
| EV/EBIT (adj.) | 12.3 | 33.8 | 18.4 | 32.1 | 11.0 | 8.3 | 5.1 | 3.6 |
| EV/EBIT | 16.4 | 956.1 | 388.3 | - | 743.7 | 38.3 | 11.0 | 6.2 |
| P/E (adj.) | 14.3 | - | 20.7 | 73.5 | 10.2 | 9.7 | 6.1 | 4.7 |
| P/E | 21.3 | - | - | - | - | - | 20.8 | 10.4 |
| P/B | 4.4 | 1.8 | 1.2 | 1.3 | 1.3 | 1.4 | 1.3 | 1.3 |
| P/S | 1.0 | 1.4 | 0.7 | 0.5 | 0.5 | 0.5 | 0.4 | 0.4 |
| Dividend yield | 1.9 % | 2.9 % | 3.1 % | 4.9 % | 7.0 % | |||
| Equity ratio | 38.7 % | 68.5 % | 48.7 % | 44.0 % | 45.2 % | 45.2 % | 48.0 % | 51.7 % |
| Gearing ratio | 58.4 % | -27.2 % | 37.0 % | 41.7 % | 38.2 % | 33.4 % | 16.9 % | -2.9 % |
Quarter data
| Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 18.3 | 75.9 | 19.0 | 19.3 | 17.6 | 18.3 | 74.3 | 18.4 | 19.0 |
| EBITDA | 0.8 | 2.8 | 1.7 | 1.9 | 1.0 | 1.5 | 6.1 | 1.4 | 1.7 |
| EBIT | -0.7 | -3.0 | 0.2 | 0.4 | -0.5 | -0.0 | 0.1 | -0.1 | 0.1 |
| Profit before taxes | -1.2 | -3.9 | 0.0 | 0.6 | -0.8 | -0.2 | -0.4 | -0.3 | -0.1 |
| Net income | -1.1 | -3.9 | -0.0 | 0.5 | -0.8 | -0.3 | -0.7 | -0.4 | -0.2 |
ShowingAll content types
Administer Plc: Profitability development continued to be positive – EBITDA increased by 129%
Administer Plc publishes Business Review January-September 2024 on 6 November 2024
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Inside information: Profit warning: Administer lowers its outlook regarding net sales for 2024, guidance for EBITDA will be raised
Administer Plc’s financial reporting and Annual General Meeting in 2025
The members of the Administer Shareholders' Nomination Board have been appointed
Administer Plc: Managers' Transactions, Aho
Administer Plc’s new shares have been entered in the trade register
Administer Plc’s directed share issue without payment to the company itself
Administer, Q2'24
Administer Plc: Profitability improvement accelerated significantly – EBITDA increased by 131%
Administer Group publishes Half Year Report January-June 2024 on 15 August 2024
Administer acquires the majority of shares in Kuntalaskenta Oy
Administer Oyj: Disclosure of Major Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (Peter Aho)
Administer Plc: Disclosure of Major Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (Rolf Backlund)
Administer Plc: Disclosure of Major Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (Ilmarinen pension insuranse company)
