Glaston
0.78
EUR
+0.52 %
GLA1V
NASDAQ Helsinki
Industrial Goods & Services
Industrials
4,985 following
+0.52%
-3.7%
-3.94%
-9.09%
-9.51%
+5.98%
+6.27%
-32.76%
-28.77%
-94.96%
glaston.net/glaston-as-an-investment
Glaston is an industrial company with specialist expertise in glass technology. The products include a wide range of glass refinements that involve lamination, tempering, and bending. In addition, associated aftermarket service is offered. The company operates worldwide, with the Nordic region as its home market. The customers consist of private actors. Glaston is headquartered in Helsinki.
P/E (adj.) (24e)
7.88
EV/EBIT (adj.) (24e)
6.41
P/B (24e)
1.02
Dividend yield-% (24e)
6.41 %
Target price
1.00 EUR
Recommendation
Accumulate
Updated
31.10.2024
NASDAQ Helsinki
GLA1V
Daily low / high price
0.76 / 0.78
EUR
Market cap
65.75M EUR
Turnover
17.77K EUR
Volume
23K
Business risk
Valuation risk
Current
Previous
Analyst
Erkki Vesola
Analyst
Latest videos
Financial calendar
Annual report
2025-02-14
General meeting
2025-04-16
Interim report
2025-05-06
Interim report
2025-08-08
Interim report
2025-10-30
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 170.1 | 182.7 | 213.5 | 219.7 | 219.1 | 231.1 | 248.9 | 264.8 |
| growth-% | -6.0 % | 7.4 % | 16.9 % | 2.9 % | -0.3 % | 5.5 % | 7.7 % | 6.4 % |
| EBITDA | 7.6 | 13.0 | 15.3 | 15.7 | 15.5 | 19.7 | 26.0 | 28.2 |
| EBIT (adj.) | 3.2 | 6.6 | 9.9 | 11.4 | 12.9 | 14.1 | 17.4 | 19.1 |
| EBIT | -0.5 | 5.1 | 7.6 | 8.1 | 7.2 | 11.4 | 17.4 | 19.1 |
| Profit before taxes | -3.3 | 1.2 | 4.7 | 6.9 | 5.0 | 9.3 | 15.5 | 17.4 |
| Net income | -5.5 | 1.1 | 3.1 | 5.0 | 3.7 | 6.7 | 11.1 | 12.6 |
| EPS (adj.) | -0.02 | 0.05 | 0.06 | 0.10 | 0.10 | 0.10 | 0.13 | 0.15 |
| growth-% | -186.3 % | 17.3 % | 59.5 % | 0.3 % | 3.7 % | 28.8 % | 12.7 % | |
| Dividend | 0.02 | 0.03 | 0.04 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 |
| Dividend ratio | -30.9 % | 227.6 % | 109.0 % | 83.6 % | 114.9 % | 62.8 % | 45.4 % | 40.3 % |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 4.4 % | 7.1 % | 7.2 % | 7.1 % | 7.1 % | 8.5 % | 10.4 % | 10.7 % |
| EBIT-% (adj.) | 1.9 % | 3.6 % | 4.6 % | 5.2 % | 5.9 % | 6.1 % | 7.0 % | 7.2 % |
| EBIT-% | -0.3 % | 2.8 % | 3.6 % | 3.7 % | 3.3 % | 4.9 % | 7.0 % | 7.2 % |
| ROE | -7.7 % | 1.6 % | 4.5 % | 7.3 % | 5.5 % | 10.2 % | 15.9 % | 16.2 % |
| ROI | -0.5 % | 4.6 % | 6.5 % | 8.8 % | 7.5 % | 11.6 % | 17.2 % | 18.6 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 0.89 | 1.14 | 0.90 | 0.74 | 0.78 | 0.78 | 0.78 | 0.78 |
| Shares | 84.3 | 84.3 | 84.3 | 84.3 | 84.3 | 84.3 | 84.3 | 84.3 |
| Market cap | 75.0 | 96.1 | 75.9 | 62.4 | 65.7 | 65.7 | 65.7 | 65.7 |
| Enterprise value | 108.5 | 114.4 | 89.2 | 73.3 | 82.7 | 79.9 | 73.3 | 66.0 |
| EV/S | 0.6 | 0.6 | 0.4 | 0.3 | 0.4 | 0.3 | 0.3 | 0.2 |
| EV/EBITDA | 14.3 | 8.8 | 5.8 | 4.7 | 5.3 | 4.1 | 2.8 | 2.3 |
| EV/EBIT (adj.) | 33.6 | 17.4 | 9.0 | 6.4 | 6.4 | 5.7 | 4.2 | 3.5 |
| EV/EBIT | - | 22.4 | 11.7 | 9.0 | 11.5 | 7.0 | 4.2 | 3.5 |
| P/E (adj.) | - | 21.6 | 14.5 | 7.5 | 7.9 | 7.6 | 5.9 | 5.2 |
| P/E | - | 86.5 | 24.5 | 12.4 | 17.9 | 9.8 | 5.9 | 5.2 |
| P/B | 1.1 | 1.4 | 1.1 | 0.9 | 1.0 | 1.0 | 0.9 | 0.8 |
| P/S | 0.4 | 0.5 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 |
| Dividend yield | 2.3 % | 2.6 % | 4.4 % | 6.8 % | 6.4 % | 6.4 % | 7.7 % | 7.7 % |
| Equity ratio | 41.2 % | 42.3 % | 44.0 % | 45.2 % | 41.6 % | 42.4 % | 45.3 % | 48.7 % |
| Gearing ratio | 48.7 % | 26.9 % | 19.5 % | 15.8 % | 26.3 % | 21.2 % | 10.3 % | 0.3 % |
Quarter data
| Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 59.7 | 219.7 | 55.8 | 49.9 | 55.4 | 58.0 | 219.1 | 52.7 | 60.6 |
| EBITDA | 4.7 | 15.7 | 4.1 | 3.1 | 4.2 | 4.1 | 15.5 | 3.3 | 4.3 |
| EBIT | 2.6 | 8.1 | 1.9 | 1.1 | 2.2 | 2.0 | 7.2 | 1.2 | 2.3 |
| Profit before taxes | 2.4 | 6.9 | 1.3 | 0.6 | 1.6 | 1.5 | 5.0 | 0.7 | 1.7 |
| Net income | 2.2 | 5.0 | 0.8 | 0.5 | 1.3 | 1.0 | 3.7 | 0.5 | 1.3 |
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Glaston Oyj Abp - Managers' Transactions
Glaston Oyj Abp - Managers' Transactions
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Glaston Oyj Abp - Managers' Transactions
Glaston Oyj: Glaston makes a change to the Executive Leadership Team
Glaston Corporation’s Q3/2024 Interim Report
Glaston Oyj: Glaston's interim report January-September 2024: Another solid quarter despite an uncertain environment
Glaston Oyj: Glaston makes changes to the Executive Leadership Team and plans a reorganization to strengthen service capabilities and operational efficiency
Glaston Oyj: Glaston makes a change to the Executive Leadership Team
Glaston Oyj: Members of Glaston Corporation's Nomination Board
Glaston Oyj Abp - Managers' Transactions
Glaston Oyj Abp - Managers' Transactions
Glaston Oyj Abp - Managers' Transactions
Glaston Oyj Abp - Managers' Transactions
Glaston Oyj Abp - Managers' Transactions
Glaston Oyj Abp - Managers' Transactions
