Huhtamäki
33.3
EUR
-0.66 %
HUH1V
NASDAQ Helsinki
Paper & Forest Products
Basic Materials
11,671 following
-0.66%
-6.72%
-3.37%
-8.72%
-11.9%
-9.34%
+2.18%
-13.44%
-18.72%
+270.08%
www.huhtamaki.com/en/investors
Huhtamäki is a manufacturing company. The company conducts operations in the packaging industry. The company's packaging is used for food products and includes fiber packaging, cartons, copper and other containers. The products are mainly delivered to customers in the food industry on a global level, mainly in Europe, South America and Asia. The company's head office is located in Espoo, Finland.
P/E (adj.) (24e)
14.03
EV/EBIT (adj.) (24e)
11.49
P/B (24e)
1.79
Dividend yield-% (24e)
3.3 %
Target price
40.00 EUR
Recommendation
Accumulate
Updated
24.10.2024
NASDAQ Helsinki
HUH1V
Daily low / high price
33.22 / 33.6
EUR
Market cap
3.59B EUR
Turnover
3.18M EUR
Volume
95K
Business risk
Valuation risk
Current
Previous
Analyst
Antti Viljakainen
Head of Research
Latest videos
Financial calendar
Annual report
2025-02-14
Interim report
2025-04-24
General meeting
2025-04-24
Interim report
2025-07-24
Interim report
2025-10-23
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,301.8 | 3,574.9 | 4,479.0 | 4,168.9 | 4,123.6 | 4,328.0 | 4,605.0 | 4,836.0 |
| growth-% | -2.9 % | 8.3 % | 25.3 % | -6.9 % | -1.1 % | 5.0 % | 6.4 % | 5.0 % |
| EBITDA | 464.5 | 469.7 | 616.5 | 630.0 | 590.8 | 645.9 | 710.8 | 760.8 |
| EBIT (adj.) | 302.1 | 315.3 | 395.1 | 392.6 | 412.1 | 452.0 | 493.0 | 533.0 |
| EBIT | 265.3 | 296.0 | 405.3 | 380.9 | 370.8 | 419.0 | 477.0 | 527.0 |
| Profit before taxes | 237.1 | 263.0 | 352.1 | 311.9 | 301.9 | 357.0 | 417.3 | 474.5 |
| Net income | 176.7 | 199.0 | 276.2 | 206.2 | 214.9 | 251.8 | 296.0 | 338.8 |
| EPS (adj.) | 1.94 | 2.07 | 2.49 | 2.32 | 2.37 | 2.65 | 2.95 | 3.28 |
| growth-% | 2.8 % | 6.6 % | 20.1 % | -6.8 % | 2.4 % | 11.7 % | 11.1 % | 11.5 % |
| Dividend | 0.92 | 0.94 | 1.00 | 1.05 | 1.10 | 1.15 | 1.20 | 1.25 |
| Dividend ratio | 54.3 % | 49.3 % | 37.8 % | 53.2 % | 53.5 % | 47.8 % | 42.4 % | 38.6 % |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 14.1 % | 13.1 % | 13.8 % | 15.1 % | 14.3 % | 14.9 % | 15.4 % | 15.7 % |
| EBIT-% (adj.) | 9.1 % | 8.8 % | 8.8 % | 9.4 % | 10.0 % | 10.4 % | 10.7 % | 11.0 % |
| EBIT-% | 8.0 % | 8.3 % | 9.0 % | 9.1 % | 9.0 % | 9.7 % | 10.4 % | 10.9 % |
| ROE | 13.4 % | 14.2 % | 16.4 % | 11.2 % | 11.4 % | 12.5 % | 13.7 % | 14.3 % |
| ROI | 10.4 % | 10.1 % | 11.6 % | 10.4 % | 10.5 % | 11.7 % | 13.2 % | 14.6 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 42.26 | 38.89 | 32.00 | 36.73 | 33.30 | 33.30 | 33.30 | 33.30 |
| Shares | 104.4 | 104.4 | 104.4 | 104.5 | 104.5 | 104.5 | 104.5 | 104.5 |
| Market cap | 4,409.8 | 4,058.2 | 3,339.7 | 3,838.2 | 3,481.1 | 3,481.1 | 3,481.1 | 3,481.1 |
| Enterprise value | 5,287.3 | 5,582.3 | 4,826.2 | 5,144.0 | 4,733.5 | 4,670.2 | 4,511.7 | 4,306.7 |
| EV/S | 1.6 | 1.6 | 1.1 | 1.2 | 1.1 | 1.1 | 1.0 | 0.9 |
| EV/EBITDA | 11.4 | 11.9 | 7.8 | 8.2 | 8.0 | 7.2 | 6.3 | 5.7 |
| EV/EBIT (adj.) | 17.5 | 17.7 | 12.2 | 13.1 | 11.5 | 10.3 | 9.2 | 8.1 |
| EV/EBIT | 19.9 | 18.9 | 11.9 | 13.5 | 12.8 | 11.1 | 9.5 | 8.2 |
| P/E (adj.) | 21.7 | 18.8 | 12.9 | 15.8 | 14.0 | 12.6 | 11.3 | 10.1 |
| P/E | 25.0 | 20.4 | 12.1 | 18.6 | 16.2 | 13.8 | 11.8 | 10.3 |
| P/B | 3.4 | 2.7 | 1.8 | 2.1 | 1.8 | 1.7 | 1.5 | 1.4 |
| P/S | 1.3 | 1.1 | 0.7 | 0.9 | 0.8 | 0.8 | 0.8 | 0.7 |
| Dividend yield | 2.2 % | 2.4 % | 3.1 % | 2.9 % | 3.3 % | 3.5 % | 3.6 % | 3.8 % |
| Equity ratio | 37.9 % | 35.2 % | 39.9 % | 41.3 % | 42.8 % | 44.7 % | 47.9 % | 52.1 % |
| Gearing ratio | 64.3 % | 95.4 % | 77.3 % | 67.8 % | 62.0 % | 55.1 % | 44.2 % | 32.4 % |
Quarter data
| Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,032.8 | 4,168.9 | 1,003.9 | 1,037.5 | 1,026.3 | 1,056.0 | 4,123.6 | 1,031.0 | 1,090.0 |
| EBITDA | 207.8 | 630.0 | 137.7 | 158.1 | 148.5 | 146.5 | 590.8 | 149.0 | 163.5 |
| EBIT | 146.0 | 380.9 | 77.6 | 104.6 | 95.1 | 93.5 | 370.8 | 95.0 | 108.5 |
| Profit before taxes | 128.3 | 311.9 | 56.3 | 88.6 | 80.0 | 77.0 | 301.9 | 79.0 | 93.0 |
| Net income | 87.1 | 206.2 | 36.3 | 65.1 | 59.2 | 54.4 | 214.9 | 56.3 | 66.3 |
ShowingAll content types
Huhtamaki signed a EUR 450 million sustainability-linked syndicated revolving credit facility
Huhtamäki Oyj, Interim Report, January 1 - September 30, 2024
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Huhtamäki Oyj’s Interim Report January 1-September 30, 2024: Solid profitability in a gradually improved market
Huhtamaki Expands Its Capacity for Fiber Lid Production to Lurgan, Northern Ireland
Change in Huhtamaki’s Global Executive Team
Huhtamaki publishes its Q3 2024 Interim Report on October 24, 2024
Huhtamaki appoints Wilhelm Wolff as Executive Vice President, Strategy and Business Development
Huhtamaki extends maturity of EUR 125 million loan
Huhtamaki’s financial reporting 2025
Huhtamäki Oyj - Managers' Transactions (Hilty)
