Fondia

5.95 EUR

+0.85 %

FONDIA

First North Finland

Consumer Services

Consumer Goods & Services

4,425 following

services.fondia.com/sijoittajille

Fondia is a law firm. The company offers business law services and ongoing handling of legal matters. Examples of competence can be found in company agreements, personnel issues, confidentiality and competition law. Fondia has operations concentrated in the Nordic market with customers in various industries. The head office is located in Helsinki.

P/E (adj.) (24e)

13.99

EV/EBIT (adj.) (24e)

9.24

P/B (24e)

6.01

Dividend yield-% (24e)

5.04 %

Target price

7.00 EUR

Recommendation

Accumulate

Updated

24.10.2024

First North Finland

FONDIA

Daily low / high price

5.95 / 5.95 EUR

Market cap

23.52M EUR

Turnover

351.05 EUR

Volume

Business risk

Valuation risk

Current

Juha Kinnunen

Analyst

Latest videos

Financial calendar

Annual report

2025-02-13

General meeting

2025-03-20

Business review

2025-04-24

Interim report

2025-08-21

Business review

2025-10-23

Income statement

	2020	2021	2022	2023	2024e	2025e	2026e	2027e
Revenue	19.6	21.1	24.6	26.1	26.3	27.4	29.4	31.4
growth-%	-2.6 %	7.4 %	16.5 %	6.2 %	0.9 %	4.3 %	7.0 %	7.0 %
EBITDA	1.9	1.1	2.9	2.6	2.5	3.0	3.4	3.9
EBIT (adj.)	1.5	0.8	2.3	2.0	2.0	2.3	2.7	3.0
EBIT	1.3	0.4	2.1	1.8	1.6	2.1	2.5	2.8
Profit before taxes	1.3	0.4	2.0	1.8	1.6	2.1	2.5	2.8
Net income	0.8	0.3	1.6	1.4	1.2	1.6	1.9	2.2
EPS (adj.)	0.26	0.18	0.48	0.41	0.43	0.49	0.57	0.65
growth-%	-5.7 %	-31.7 %	167.6 %	-14.6 %	4.7 %	15.1 %	16.9 %	13.3 %
Dividend	0.28	0.28	0.30	0.52	0.30	0.31	0.36	0.45
Dividend ratio	133.6 %	427.4 %	70.7 %	146.9 %	94.3 %	70.0 %	70.0 %	75.0 %

Profitability and return on capital

	2020	2021	2022	2023	2024e	2025e	2026e	2027e
EBITDA-%	9.8 %	5.4 %	11.7 %	10.1 %	9.5 %	10.9 %	11.6 %	12.3 %
EBIT-% (adj.)	7.5 %	4.0 %	9.4 %	7.8 %	7.7 %	8.4 %	9.1 %	9.6 %
EBIT-%	6.5 %	1.9 %	8.5 %	7.0 %	6.2 %	7.7 %	8.4 %	9.0 %
ROE	13.7 %	4.7 %	32.3 %	27.1 %	27.4 %	41.4 %	42.0 %	40.9 %
ROI	21.0 %	7.1 %	41.3 %	36.6 %	35.1 %	48.2 %	52.8 %	52.7 %

Valuation

	2020	2021	2022	2023	2024e	2025e	2026e	2027e
Share price (EUR)	8.00	7.10	6.62	6.26	5.95	5.95	5.95	5.95
Shares	3.9	4.0	3.9	3.8	3.7	3.7	3.7	3.7
Market cap	31.6	28.1	25.6	23.9	21.9	21.9	21.9	21.9
Enterprise value	26.4	24.5	20.8	19.8	18.7	18.4	17.5	16.4
EV/S	1.3	1.2	0.8	0.8	0.7	0.7	0.6	0.5
EV/EBITDA	13.6	21.4	7.3	7.5	7.5	6.1	5.1	4.2
EV/EBIT (adj.)	17.9	29.2	9.1	9.8	9.2	7.9	6.5	5.4
EV/EBIT	20.7	62.3	9.9	10.8	11.5	8.6	7.1	5.8
P/E (adj.)	30.7	39.9	13.9	15.4	14.0	12.1	10.4	9.2
P/E	38.2	108.4	15.6	17.7	18.7	13.6	11.5	10.0
P/B	5.3	5.5	5.0	4.9	6.0	5.3	4.4	3.8
P/S	1.6	1.3	1.0	0.9	0.8	0.8	0.7	0.7
Dividend yield	3.5 %	3.9 %	4.5 %	8.3 %	5.0 %	5.2 %	6.1 %	7.5 %
Equity ratio	60.1 %	56.1 %	49.7 %	52.0 %	37.0 %	42.2 %	46.0 %	48.3 %
Gearing ratio	-86.9 %	-70.9 %	-94.1 %	-83.9 %	-87.9 %	-85.8 %	-90.7 %	-95.1 %

Quarter data

	Q4/23	2023	Q1/24	Q2/24	Q3/24	Q4/24e	2024e	Q1/25e	Q2/25e
Revenue	7.2	26.1	7.1	6.7	5.3	7.2	26.3	7.1	7.1
EBITDA	1.3	2.6	0.7	0.6	0.2	1.1	2.5	0.9	0.7
EBIT	1.1	1.8	0.5	0.3	-0.1	0.9	1.6	0.7	0.5
Profit before taxes	1.1	1.8	0.5	0.3	-0.1	0.9	1.6	0.7	0.5
Net income	0.9	1.4	0.4	0.2	-0.1	0.6	1.2	0.5	0.4

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Regulatory press release18 hours ago

Fondia

5.95

EUR