Ilkka
3.13
EUR
+1.29 %
ILKKA2
NASDAQ Helsinki
Media & Entertainment
Consumer Goods & Services
3,471 following
ilkka.com
Ilkka operates in the media industry. Within the Group, there are several newspapers with different orientations. In addition to the main business, the company also offers various marketing and communication services, as well as printing services for advertising material. The largest presence is in the Nordic market. The head office is located in Seinäjoki, Finland.
P/E (adj.) (24e)
11.62
EV/EBIT (adj.) (24e)
64.86
P/B (24e)
0.51
Dividend yield-% (24e)
6.39 %
Target price
3.50 EUR
Recommendation
Accumulate
Updated
4.11.2024
NASDAQ Helsinki
ILKKA2
Daily low / high price
3.09 / 3.13
EUR
Market cap
80.33M EUR
Turnover
8.38K EUR
Volume
2.7K
Business risk
Valuation risk
Current
Previous
Analyst
Petri Gostowski
Co. Head of Research
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 45.8 | 49.7 | 54.4 | 56.1 | 53.5 | 54.9 | 56.6 | 57.5 |
| growth-% | 25.8 % | 8.4 % | 9.5 % | 3.2 % | -4.6 % | 2.6 % | 3.1 % | 1.6 % |
| EBITDA | 17.5 | 6.5 | 2.8 | 2.9 | 2.9 | 3.5 | 3.5 | 3.7 |
| EBIT (adj.) | 1.8 | 1.4 | 1.3 | 0.4 | 0.6 | 1.0 | 1.2 | 1.5 |
| EBIT | 14.5 | 2.7 | -0.8 | -1.3 | -1.3 | -0.4 | -0.2 | 0.1 |
| Profit before taxes | 18.6 | 7.0 | 1.3 | 5.4 | 5.6 | 4.5 | 5.0 | 5.3 |
| Net income | 18.8 | 6.6 | 0.9 | 4.8 | 5.0 | 4.0 | 4.5 | 4.8 |
| EPS (adj.) | 0.24 | 0.21 | 0.11 | 0.26 | 0.27 | 0.21 | 0.23 | 0.24 |
| growth-% | 48.9 % | -12.6 % | -45.0 % | 123.9 % | 5.1 % | -20.4 % | 7.8 % | 4.8 % |
| Dividend | 0.30 | 0.30 | 0.20 | 0.20 | 0.20 | 0.22 | 0.22 | 0.24 |
| Dividend ratio | 40.5 % | 116.3 % | 585.2 % | 105.5 % | 102.0 % | 138.1 % | 124.9 % | 128.1 % |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 38.2 % | 13.1 % | 5.1 % | 5.2 % | 5.4 % | 6.3 % | 6.1 % | 6.4 % |
| EBIT-% (adj.) | 3.9 % | 2.8 % | 2.4 % | 0.8 % | 1.1 % | 1.8 % | 2.1 % | 2.6 % |
| EBIT-% | 31.8 % | 5.4 % | -1.4 % | -2.3 % | -2.4 % | -0.7 % | -0.4 % | 0.1 % |
| ROE | 12.7 % | 3.9 % | 0.5 % | 3.1 % | 3.2 % | 2.6 % | 2.9 % | 3.1 % |
| ROI | 9.7 % | 1.6 % | -0.5 % | -0.8 % | -0.8 % | -0.3 % | -0.2 % | 0.1 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 4.40 | 4.76 | 3.60 | 3.20 | 3.13 | 3.13 | 3.13 | 3.13 |
| Shares | 25.5 | 25.5 | 25.4 | 25.4 | 25.4 | 25.4 | 25.4 | 25.4 |
| Market cap | 112.0 | 121.1 | 91.5 | 81.2 | 79.4 | 79.4 | 79.4 | 79.4 |
| Enterprise value | 71.7 | 75.7 | 51.7 | 41.4 | 38.5 | 38.0 | 37.6 | 37.3 |
| EV/S | 1.6 | 1.5 | 1.0 | 0.7 | 0.7 | 0.7 | 0.7 | 0.6 |
| EV/EBITDA | 4.1 | 11.7 | 18.5 | 14.1 | 13.2 | 11.0 | 10.8 | 10.1 |
| EV/EBIT (adj.) | 40.6 | 54.7 | 40.3 | 97.3 | 64.9 | 38.4 | 32.3 | 25.2 |
| EV/EBIT | 4.9 | 28.5 | - | - | - | - | - | 472.7 |
| P/E (adj.) | 18.5 | 22.9 | 31.4 | 12.5 | 11.6 | 14.6 | 13.5 | 12.9 |
| P/E | 5.9 | 18.4 | 105.3 | 16.9 | 16.0 | 19.6 | 17.8 | 16.7 |
| P/B | 0.7 | 0.7 | 0.6 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 |
| P/S | 2.4 | 2.4 | 1.7 | 1.4 | 1.5 | 1.4 | 1.4 | 1.4 |
| Dividend yield | 6.8 % | 6.3 % | 5.6 % | 6.3 % | 6.4 % | 7.0 % | 7.0 % | 7.7 % |
| Equity ratio | 87.7 % | 87.4 % | 85.9 % | 87.4 % | 84.8 % | 84.4 % | 84.0 % | 83.7 % |
| Gearing ratio | -25.3 % | -26.0 % | -25.7 % | -25.5 % | -26.2 % | -26.7 % | -27.1 % | -27.5 % |
Quarter data
| Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 14.1 | 56.1 | 13.5 | 13.9 | 12.3 | 13.9 | 53.5 | ||
| EBITDA | 1.0 | 2.9 | 0.4 | 0.4 | 1.3 | 0.8 | 2.9 | ||
| EBIT | -0.2 | -1.3 | -0.6 | -0.7 | 0.2 | -0.2 | -1.3 | ||
| Profit before taxes | 0.6 | 5.4 | 0.8 | 4.1 | 0.7 | -0.0 | 5.6 | ||
| Net income | 0.6 | 4.8 | 0.6 | 3.9 | 0.6 | -0.1 | 5.0 |
ShowingAll content types
Ilkka Oyj – Acquisition of own shares on 20 April 2023
Ilkka Oyj – Acquisition of own shares on 19 April 2023
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