Etteplan
10.55
EUR
ETTE
NASDAQ Helsinki
Industrial Goods & Services
Industrials
4,875 following
+0.48%
+1.44%
-3.65%
-14.92%
-23.27%
-23.55%
-18.22%
-42.03%
+9.21%
+38.82%
www.etteplan.com/investors
Etteplan operates in the industrial sector. The company offers consulting and installation services for industrial machines and associated systems. Examples of solutions include system development, automated solutions, technical documentation services, and risk and control systems. Customers are found in various industries worldwide, especially active in the automotive, aerospace, and defense industries. The head office is located in Vantaa.
P/E (adj.) (24e)
15.46
EV/EBIT (adj.) (24e)
12.66
P/B (24e)
2.28
Dividend yield-% (24e)
1.75 %
Target price
12.50 EUR
Recommendation
Buy
Updated
31.10.2024
NASDAQ Helsinki
ETTE
Daily low / high price
-
Market cap
267.45M EUR
Turnover
-
Volume
-
Business risk
Valuation risk
Current
Previous
Latest research
Extensive report
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Read the reportAnalyst
Juha Kinnunen
Analyst
Latest videos
Financial calendar
Annual report
2025-02-12
General meeting
2025-04-08
Interim report
2025-05-05
Interim report
2025-08-06
Interim report
2025-10-29
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 259.7 | 300.1 | 350.2 | 360.0 | 363.3 | 368.0 | 391.9 | 415.5 |
growth-% | -1.4 % | 15.6 % | 16.7 % | 2.8 % | 0.9 % | 1.3 % | 6.5 % | 6.0 % |
EBITDA | 40.4 | 43.7 | 48.6 | 44.4 | 37.1 | 46.6 | 58.9 | 61.7 |
EBIT (adj.) | 27.1 | 30.8 | 35.0 | 32.6 | 27.2 | 31.9 | 39.6 | 42.9 |
EBIT | 22.4 | 25.8 | 28.6 | 25.5 | 18.6 | 26.6 | 34.3 | 37.6 |
Profit before taxes | 21.1 | 24.9 | 22.4 | 20.8 | 13.9 | 22.2 | 30.4 | 34.4 |
Net income | 17.1 | 20.0 | 18.2 | 16.6 | 10.3 | 17.3 | 23.7 | 26.8 |
EPS (adj.) | 0.84 | 0.96 | 1.10 | 0.89 | 0.68 | 0.85 | 1.11 | 1.23 |
growth-% | 9.9 % | 14.6 % | 14.2 % | -19.0 % | -23.2 % | 25.2 % | 29.6 % | 11.1 % |
Dividend | 0.34 | 0.40 | 0.36 | 0.30 | 0.18 | 0.34 | 0.47 | 0.53 |
Dividend ratio | 49.5 % | 50.1 % | 49.7 % | 45.2 % | 45.0 % | 49.0 % | 50.0 % | 50.0 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 15.6 % | 14.6 % | 13.9 % | 12.3 % | 10.2 % | 12.7 % | 15.0 % | 14.9 % |
EBIT-% (adj.) | 10.4 % | 10.3 % | 10.0 % | 9.1 % | 7.5 % | 8.7 % | 10.1 % | 10.3 % |
EBIT-% | 8.6 % | 8.6 % | 8.2 % | 7.1 % | 5.1 % | 7.2 % | 8.8 % | 9.0 % |
ROE | 20.8 % | 21.6 % | 17.7 % | 15.1 % | 9.0 % | 14.1 % | 17.3 % | 17.6 % |
ROI | 16.0 % | 15.6 % | 15.3 % | 13.1 % | 9.1 % | 12.6 % | 16.1 % | 17.4 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 12.95 | 16.90 | 14.60 | 13.80 | 10.55 | 10.55 | 10.55 | 10.55 |
Shares | 24.9 | 25.1 | 25.0 | 25.1 | 25.3 | 25.3 | 25.3 | 25.3 |
Market cap | 322.3 | 423.9 | 365.6 | 346.4 | 266.4 | 266.4 | 266.4 | 266.4 |
Enterprise value | 362.8 | 472.0 | 436.6 | 409.5 | 343.7 | 330.1 | 315.2 | 302.5 |
EV/S | 1.4 | 1.6 | 1.2 | 1.1 | 0.9 | 0.9 | 0.8 | 0.7 |
EV/EBITDA | 9.0 | 10.8 | 9.0 | 9.2 | 9.3 | 7.1 | 5.3 | 4.9 |
EV/EBIT (adj.) | 13.4 | 15.3 | 12.5 | 12.6 | 12.7 | 10.3 | 8.0 | 7.1 |
EV/EBIT | 16.2 | 18.3 | 15.3 | 16.0 | 18.5 | 12.4 | 9.2 | 8.1 |
P/E (adj.) | 15.5 | 17.6 | 13.3 | 15.5 | 15.5 | 12.3 | 9.5 | 8.6 |
P/E | 18.9 | 21.1 | 20.0 | 20.8 | 25.8 | 15.4 | 11.2 | 9.9 |
P/B | 3.7 | 4.3 | 3.4 | 3.0 | 2.3 | 2.1 | 1.8 | 1.7 |
P/S | 1.2 | 1.4 | 1.0 | 1.0 | 0.7 | 0.7 | 0.7 | 0.6 |
Dividend yield | 2.6 % | 2.4 % | 2.5 % | 2.2 % | 1.8 % | 3.2 % | 4.5 % | 5.0 % |
Equity ratio | 40.5 % | 39.7 % | 38.2 % | 40.9 % | 39.6 % | 43.9 % | 47.8 % | 51.5 % |
Gearing ratio | 46.6 % | 48.6 % | 66.8 % | 55.3 % | 66.2 % | 49.1 % | 33.7 % | 22.6 % |
Quarter data
Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 95.2 | 360.0 | 97.1 | 92.6 | 80.0 | 93.6 | 363.3 | 91.5 | 94.2 |
EBITDA | 13.1 | 44.4 | 11.6 | 9.7 | 5.9 | 9.9 | 37.1 | 10.8 | 12.1 |
EBIT | 8.2 | 25.5 | 6.7 | 5.3 | 1.3 | 5.2 | 18.6 | 5.8 | 7.1 |
Profit before taxes | 6.6 | 20.8 | 5.6 | 4.1 | 0.1 | 4.0 | 13.9 | 4.7 | 6.0 |
Net income | 5.9 | 16.6 | 4.0 | 3.4 | -0.1 | 3.1 | 10.3 | 3.7 | 4.7 |
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