Eezy
1.135
EUR
-3.4 %
EEZY
NASDAQ Helsinki
Industrial Goods & Services
Industrials
4,019 following
-3.4%
-12.02%
-8.47%
-21.18%
-32.04%
-35.14%
-80.76%
-83.31%
-78.26%
eezy.fi/en/investors
Eezy operates in staffing and recruitment. The Group offers solutions in several sectors, mainly in construction, electrical engineering - and the manufacturing industry. In addition, HR support is offered as well as support and training within the work areas. The largest operations are in the Nordic and Baltic markets. Eezy was previously known as VMP Group and is headquartered in Helsinki.
P/E (adj.) (24e)
30.29
EV/EBIT (adj.) (24e)
23.66
P/B (24e)
0.27
Dividend yield-% (24e)
-
Target price
1.30 EUR
Recommendation
Reduce
Updated
5.11.2024
NASDAQ Helsinki
EEZY
Daily low / high price
1.1 / 1.18
EUR
Market cap
28.43M EUR
Turnover
3.39K EUR
Volume
3K
Business risk
Valuation risk
Current
Previous
Analyst
Petri Gostowski
Co. Head of Research
Financial calendar
Annual report
2025-02-13
General meeting
2025-04-08
Interim report
2025-05-08
Interim report
2025-08-14
Interim report
2025-11-06
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 190.6 | 203.4 | 247.6 | 219.0 | 176.3 | 181.6 | 197.7 | 207.1 |
| growth-% | 12.2 % | 6.7 % | 21.7 % | -11.6 % | -19.5 % | 3.0 % | 8.9 % | 4.8 % |
| EBITDA | 13.5 | 19.5 | 18.2 | 14.5 | 10.9 | 12.8 | 15.3 | 16.0 |
| EBIT (adj.) | 6.9 | 10.7 | 11.0 | 4.0 | 3.6 | 4.9 | 7.7 | 8.9 |
| EBIT | 5.6 | 11.8 | 10.0 | 4.0 | 3.2 | 4.9 | 7.7 | 8.9 |
| Profit before taxes | 4.0 | 10.3 | 9.1 | 1.4 | 0.5 | 2.4 | 5.4 | 6.9 |
| Net income | 2.7 | 7.5 | 7.2 | 0.6 | 0.5 | 1.5 | 3.9 | 5.1 |
| EPS (adj.) | 0.16 | 0.26 | 0.33 | 0.03 | 0.04 | 0.06 | 0.16 | 0.20 |
| growth-% | -65.2 % | 61.6 % | 25.8 % | -92.1 % | 45.5 % | 58.2 % | 164.2 % | 29.8 % |
| Dividend | 0.15 | 0.15 | 0.15 | 0.00 | 0.00 | 0.00 | 0.00 | 0.06 |
| Dividend ratio | 139.1 % | 49.5 % | 52.5 % | 30.0 % |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 7.1 % | 9.6 % | 7.3 % | 6.6 % | 6.2 % | 7.0 % | 7.7 % | 7.7 % |
| EBIT-% (adj.) | 3.6 % | 5.3 % | 4.4 % | 1.8 % | 2.0 % | 2.7 % | 3.9 % | 4.3 % |
| EBIT-% | 2.9 % | 5.8 % | 4.0 % | 1.8 % | 1.8 % | 2.7 % | 3.9 % | 4.3 % |
| ROE | 2.7 % | 7.3 % | 6.6 % | 0.6 % | 0.5 % | 1.4 % | 3.6 % | 4.4 % |
| ROI | 3.4 % | 7.3 % | 6.0 % | 2.4 % | 1.9 % | 2.9 % | 4.6 % | 5.2 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 5.90 | 5.98 | 3.12 | 1.67 | 1.14 | 1.14 | 1.14 | 1.14 |
| Shares | 24.8 | 24.8 | 25.0 | 25.0 | 25.0 | 25.0 | 25.0 | 25.0 |
| Market cap | 146.6 | 148.6 | 78.1 | 41.8 | 28.4 | 28.4 | 28.4 | 28.4 |
| Enterprise value | 189.0 | 195.3 | 129.6 | 99.8 | 84.4 | 79.4 | 72.3 | 65.1 |
| EV/S | 1.0 | 1.0 | 0.5 | 0.5 | 0.5 | 0.4 | 0.4 | 0.3 |
| EV/EBITDA | 14.0 | 10.0 | 7.1 | 6.9 | 7.7 | 6.2 | 4.7 | 4.1 |
| EV/EBIT (adj.) | 27.5 | 18.2 | 11.8 | 24.8 | 23.7 | 16.1 | 9.4 | 7.3 |
| EV/EBIT | 34.0 | 16.5 | 13.0 | 24.8 | 26.7 | 16.1 | 9.4 | 7.3 |
| P/E (adj.) | 36.8 | 23.1 | 9.6 | 64.8 | 30.3 | 19.1 | 7.2 | 5.6 |
| P/E | 54.7 | 19.7 | 10.9 | 64.8 | 52.8 | 19.1 | 7.2 | 5.6 |
| P/B | 1.5 | 1.4 | 0.7 | 0.4 | 0.3 | 0.3 | 0.3 | 0.2 |
| P/S | 0.8 | 0.7 | 0.3 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 |
| Dividend yield | 2.5 % | 2.5 % | 4.8 % | 5.4 % | ||||
| Equity ratio | 50.6 % | 52.8 % | 52.2 % | 53.2 % | 55.4 % | 56.8 % | 57.7 % | 58.9 % |
| Gearing ratio | 40.9 % | 42.8 % | 45.5 % | 52.8 % | 50.5 % | 45.2 % | 37.5 % | 30.0 % |
Quarter data
| Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 52.1 | 219.0 | 41.5 | 45.8 | 44.9 | 44.2 | 176.3 | ||
| EBITDA | 3.6 | 14.5 | 2.3 | 2.4 | 3.3 | 2.9 | 10.9 | ||
| EBIT | -0.7 | 4.0 | 0.5 | 0.6 | 1.1 | 0.9 | 3.2 | ||
| Profit before taxes | -1.4 | 1.4 | 0.2 | -0.2 | 0.3 | 0.2 | 0.5 | ||
| Net income | -1.4 | 0.6 | 0.3 | -0.2 | 0.3 | 0.2 | 0.5 |
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Eezy, Q3'24
Eezy Plc’s financial reporting in 2025
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Eezy Plc's Interim Report 1–9/2024: Actions to improve profitability progressed in a difficult market situation
Eezy Plc: AI-powered ERP system revolutionizing staffing sector rolled out successfully to masses
Eezy Plc: Invitation to briefing on the Q3/2024 interim report
Eezy Plc: changes in management team
Eezy plc - Managers' Transactions - DG Holding Oy
Eezy Plc - Managers' Transactions - DG Holding Oy
Eezy plc - Managers' Transactions - DG Holding
Eezy Oyj - Managers' Transactions - Tapio Pajuharju
Eezy Oyj - Managers' Transactions - Kati Hagros
Eezy, Q2'24
Eezy Plc's Half-Year Report 1–6/2024: Demand for staffing services remains subdued – measures to improve productivity are progressing
Eezy Plc: Change in management team - Mia Lindström appointed as Director, New Business
Renewal of Eezy’s operating model progresses with the aim of €2.8 million in cost savings
Eezy Plc: Invitation to briefing on the Q2/2024 interim report
Eezy Plc launches the renewal of its operating models
Eezy Oyj - Managers' Transactions - Jobinvest Oy Ltd
