HKFoods
0.82
EUR
-3.07 %
HKFOODS
NASDAQ Helsinki
Food & Beverage
Consumer Goods & Services
4,754 following
-3.07%
+12.33%
+33.55%
+16.48%
-1.56%
+13.1%
-55.82%
-65.83%
-95.94%
www.hkfoods.com/en
HKFoods operates in the food industry. Within the Group, there are a number of subsidiaries with the business of selling, marketing, and producing meat products of pig, beef, and poultry. The Group operates the entire value chain, from slaughter, cutting to processing and resale of the raw materials. HKFoods has the largest operations in the Nordic market. The head office is located in Turku.
P/E (adj.) (24e)
-23.3
EV/EBIT (adj.) (24e)
9.72
P/B (24e)
0.4
Dividend yield-% (24e)
-
Target price
0.85 EUR
Recommendation
Reduce
Updated
6.11.2024
NASDAQ Helsinki
HKFOODS
Daily low / high price
0.814 / 0.846
EUR
Market cap
81.14M EUR
Turnover
18.28K EUR
Volume
22K
Business risk
Valuation risk
Current
Previous
Latest research
Extensive report
Inderes' extensive report is an investor's handbook on customer companies covered by our research.
The latest extensive report was released
Read the reportAnalyst
Pauli Lohi
Analyst
Latest videos
Financial calendar
Annual report
2025-02-14
General meeting
2025-04-16
Interim report
2025-05-07
Interim report
2025-08-06
Interim report
2025-11-05
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,781.0 | 1,815.4 | 1,833.8 | 1,163.2 | 1,008.9 | 1,054.6 | 1,075.7 | 1,097.2 |
| growth-% | 2.1 % | 1.9 % | 1.0 % | -36.6 % | -13.3 % | 4.5 % | 2.0 % | 2.0 % |
| EBITDA | 78.1 | 78.1 | 56.0 | 52.8 | 53.9 | 57.6 | 59.2 | 60.3 |
| EBIT (adj.) | 17.0 | 14.5 | 9.8 | 14.9 | 23.7 | 25.0 | 26.0 | 26.6 |
| EBIT | 21.3 | 17.9 | 10.2 | 17.5 | 22.2 | 25.0 | 26.0 | 26.6 |
| Profit before taxes | 12.2 | 6.6 | -0.7 | -8.9 | 4.3 | 11.6 | 14.6 | 16.9 |
| Net income | 1.1 | -4.4 | -8.4 | -19.5 | -0.5 | 5.2 | 8.4 | 10.2 |
| EPS (adj.) | -0.05 | -0.10 | -0.11 | -0.25 | -0.04 | 0.01 | 0.06 | 0.11 |
| growth-% | 424.0 % | 93.0 % | ||||||
| Dividend | 0.03 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.04 |
| Dividend ratio | 249.7 % | -83.4 % | 30.2 % | 33.1 % |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 4.4 % | 4.3 % | 3.1 % | 4.5 % | 5.3 % | 5.5 % | 5.5 % | 5.5 % |
| EBIT-% (adj.) | 1.0 % | 0.8 % | 0.5 % | 1.3 % | 2.3 % | 2.4 % | 2.4 % | 2.4 % |
| EBIT-% | 1.2 % | 1.0 % | 0.6 % | 1.5 % | 2.2 % | 2.4 % | 2.4 % | 2.4 % |
| ROE | 0.3 % | -1.4 % | -3.0 % | -8.3 % | -0.3 % | 2.8 % | 4.8 % | 6.0 % |
| ROI | 3.5 % | 3.2 % | 2.4 % | 3.2 % | 5.0 % | 6.8 % | 7.5 % | 7.7 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 1.96 | 1.66 | 0.87 | 0.89 | 0.82 | 0.82 | 0.82 | 0.82 |
| Shares | 97.0 | 97.1 | 97.3 | 97.4 | 89.9 | 89.9 | 89.9 | 89.9 |
| Market cap | 190.0 | 161.2 | 84.7 | 86.7 | 73.7 | 73.7 | 73.7 | 73.7 |
| Enterprise value | 495.2 | 478.7 | 433.2 | 376.2 | 230.3 | 218.5 | 213.7 | 206.4 |
| EV/S | 0.3 | 0.3 | 0.2 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 |
| EV/EBITDA | 6.3 | 6.1 | 7.7 | 7.1 | 4.3 | 3.8 | 3.6 | 3.4 |
| EV/EBIT (adj.) | 29.1 | 33.0 | 44.2 | 25.3 | 9.7 | 8.7 | 8.2 | 7.8 |
| EV/EBIT | 23.3 | 26.7 | 42.5 | 21.5 | 10.4 | 8.7 | 8.2 | 7.8 |
| P/E (adj.) | - | - | - | - | - | 73.1 | 13.9 | 7.2 |
| P/E | - | - | - | - | - | 73.1 | 13.9 | 7.2 |
| P/B | 0.6 | 0.5 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 |
| P/S | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Dividend yield | 1.5 % | 2.3 % | 3.4 % | 4.6 % | ||||
| Equity ratio | 33.7 % | 33.5 % | 29.3 % | 27.9 % | 38.2 % | 40.9 % | 36.6 % | 37.8 % |
| Gearing ratio | 91.0 % | 95.3 % | 121.6 % | 116.9 % | 68.3 % | 62.4 % | 80.1 % | 73.4 % |
Quarter data
| Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 301.9 | 1,163.2 | 228.7 | 254.6 | 251.6 | 274.0 | 1,008.9 | ||
| EBITDA | 12.2 | 52.8 | 8.9 | 11.4 | 19.2 | 14.4 | 53.9 | ||
| EBIT | 3.0 | 17.5 | 1.2 | 3.1 | 11.6 | 6.3 | 22.2 | ||
| Profit before taxes | -4.1 | -8.9 | -3.7 | -1.4 | 7.0 | 2.4 | 4.3 | ||
| Net income | -9.0 | -19.5 | -3.9 | -2.2 | 5.5 | 0.0 | -0.5 |
ShowingAll content types
HKFoods Q3'24: Efficiency measures are working well
HKFoods Q3'24 flash comment: Profitability developed strongly
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Positive development continues; HKFoods showing clear growth in net sales and comparable EBIT
Change in HKFoods Plc's Executive Team
HKFoods and Atria: Export licenses for poultry to China strengthen the earnings potential
HKFoods Q3'24 preview: Preliminary information indicates good performance
Change in HKFoods Plc' s Executive Team
HKFoods: Denmark divestment to take place during October
Composition of HKFoods Plc's Shareholders' Nomination Board
Atria and HKFoods: Profitability levels of meat processors on the rise
HKFoods: Profitability turnaround making strong progress
Inside information, positive profit warning: HKFoods Plc's comparable EBIT from continuing operations will grow clearly compared to 2023
Correction: HKFoods corrects its previous annual report release, publishes 2023 ESEF Financial Statements
HKFoods: When can the hybrid loan be redeemed?
HKFoods' financial reporting in 2025
HKFoods: Meat business seeking a turnaround
HKFoods Q2'24: Reducing the debt burden takes time
