EcoUp
1.63
EUR
-4.68 %
ECOUP
First North Finland
Industrial Goods & Services
Industrials
1,625 following
-4.68%
-20.87%
-18.5%
-30.34%
-5.51%
+3.16%
-74.53%
-
-76.81%
ecoup.fi/en
EcoUp operates in the manufacturing industry. The company offers technology for converting construction and demolition waste into reusable geopolymers. Customers are found in a number of industries, such as the construction industry. In addition to the main business, aftermarket service, support and maintenance are offered. The largest presence is in Europe. EcoUp was founded in 1979 and is headquartered in Finland.
P/E (adj.) (24e)
-18.71
EV/EBIT (adj.) (24e)
-39.31
P/B (24e)
0.84
Dividend yield-% (24e)
-
Target price
2.00 EUR
Recommendation
Reduce
Updated
30.10.2024
First North Finland
ECOUP
Daily low / high price
1.6 / 1.75
EUR
Market cap
14.52M EUR
Turnover
18.67K EUR
Volume
11K
Business risk
Valuation risk
Current
Previous
Analyst
Antti Viljakainen
Head of Research
Tommi Saarinen
Analyst
Latest videos
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 26.1 | 31.4 | 35.6 | 30.5 | 30.0 | 34.1 | 42.2 | 48.5 |
| growth-% | -4.6 % | 20.0 % | 13.5 % | -14.3 % | -1.7 % | 13.7 % | 23.6 % | 15.0 % |
| EBITDA | 4.3 | 5.0 | 1.8 | 2.5 | 2.7 | 4.1 | 7.1 | 8.5 |
| EBIT (adj.) | 2.4 | 2.6 | -1.2 | -1.0 | -0.5 | 1.0 | 3.7 | 5.0 |
| EBIT | 2.1 | 2.1 | -1.8 | -1.5 | -1.0 | 0.4 | 3.2 | 4.5 |
| Profit before taxes | 1.8 | 1.7 | -2.0 | -1.9 | -1.3 | 0.2 | 3.0 | 4.3 |
| Net income | 1.4 | 1.1 | -2.2 | -2.0 | -1.3 | 0.2 | 2.3 | 3.3 |
| EPS (adj.) | 0.20 | 0.18 | -0.18 | -0.16 | -0.09 | 0.08 | 0.32 | 0.43 |
| growth-% | 72.1 % | -12.0 % | -204.8 % | 281.2 % | 36.2 % | |||
| Dividend | 0.11 | 0.06 | 0.00 | 0.00 | 0.00 | 0.01 | 0.05 | 0.10 |
| Dividend ratio | 69.1 % | 50.4 % | 30.0 % | 19.2 % | 26.7 % |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 16.3 % | 15.9 % | 5.1 % | 8.1 % | 9.1 % | 12.2 % | 16.9 % | 17.6 % |
| EBIT-% (adj.) | 9.3 % | 8.3 % | -3.5 % | -3.2 % | -1.5 % | 2.8 % | 8.8 % | 10.4 % |
| EBIT-% | 8.1 % | 6.7 % | -4.9 % | -5.0 % | -3.4 % | 1.3 % | 7.6 % | 9.3 % |
| ROE | 20.2 % | 6.9 % | -9.9 % | -10.1 % | -7.4 % | 1.2 % | 12.4 % | 15.7 % |
| ROI | 13.2 % | 8.9 % | -6.1 % | -6.0 % | -4.3 % | 2.0 % | 14.2 % | 17.3 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 7.52 | 6.58 | 3.04 | 1.73 | 1.63 | 1.63 | 1.63 | 1.63 |
| Shares | 8.9 | 8.9 | 8.9 | 8.9 | 8.9 | 8.9 | 8.9 | 8.9 |
| Market cap | 66.7 | 58.4 | 26.9 | 15.3 | 14.5 | 14.5 | 14.5 | 14.5 |
| Enterprise value | 74.9 | 54.9 | 27.4 | 18.5 | 17.8 | 16.9 | 15.4 | 13.7 |
| EV/S | 2.9 | 1.8 | 0.8 | 0.6 | 0.6 | 0.5 | 0.4 | 0.3 |
| EV/EBITDA | 17.6 | 11.0 | 15.1 | 7.5 | 6.5 | 4.1 | 2.2 | 1.6 |
| EV/EBIT (adj.) | 30.8 | 21.1 | - | - | - | 17.4 | 4.1 | 2.7 |
| EV/EBIT | 35.4 | 26.2 | - | - | - | 38.6 | 4.8 | 3.0 |
| P/E (adj.) | 37.7 | 37.5 | - | - | - | 19.6 | 5.1 | 3.8 |
| P/E | 46.1 | 55.3 | - | - | - | 70.7 | 6.3 | 4.4 |
| P/B | 8.9 | 2.5 | 1.3 | 0.8 | 0.8 | 0.8 | 0.7 | 0.6 |
| P/S | 2.6 | 1.9 | 0.8 | 0.5 | 0.5 | 0.4 | 0.3 | 0.3 |
| Dividend yield | 1.5 % | 0.9 % | 0.4 % | 3.1 % | 6.1 % | |||
| Equity ratio | 36.2 % | 62.7 % | 57.7 % | 62.2 % | 60.6 % | 61.2 % | 62.6 % | 61.0 % |
| Gearing ratio | 110.2 % | -14.6 % | 2.3 % | 17.3 % | 19.5 % | 14.0 % | 4.8 % | -3.5 % |
Quarter data
| Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24e | Q4/24e | 2024e | Q1/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 17.0 | 30.5 | 12.2 | 17.7 | 30.0 | ||||
| EBITDA | 1.7 | 2.5 | 0.4 | 2.4 | 2.7 | ||||
| EBIT | -0.3 | -1.5 | -1.5 | 0.5 | -1.0 | ||||
| Profit before taxes | -0.5 | -1.9 | -1.7 | 0.4 | -1.3 | ||||
| Net income | -0.5 | -2.0 | -1.7 | 0.4 | -1.3 |
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