Koskisen
6.78
EUR
-4.24 %
KOSKI
NASDAQ Helsinki
Paper & Forest Products
Basic Materials
708 following
-4.24%
-9.36%
-9.6%
-9.6%
-12.4%
+13%
+6.77%
-
-
+4.36%
koskisen.fi/en/investors
Koskisen is active in the forest industry. The company specializes in the manufacture and distribution of industrial wood products. The company's product portfolio is broad and mainly includes wood products such as sawn wood, plywood, chipboard, and veneer. The business is run via various business segments and the customers can be found in a number of industries around the global market. The largest presence is found in Finland. The company was founded in 1909 and has its headquarters in Järvelä, Finland.
Read moreP/E (adj.) (24e)
17.6
EV/EBIT (adj.) (24e)
13.01
P/B (24e)
1.05
Dividend yield-% (24e)
4.42 %
Target price
7.25 EUR
Recommendation
Reduce
Updated
17.11.2024
NASDAQ Helsinki
KOSKI
Daily low / high price
6.7 / 7.1
EUR
Market cap
156.11M EUR
Turnover
31.82K EUR
Volume
4.6K
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
Antti Viljakainen
Head of Research
Financial calendar
Annual report
2025-02-17
Interim report
2025-05-09
General meeting
2025-05-15
Interim report
2025-08-18
Interim report
2025-11-14
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 220.0 | 311.3 | 317.7 | 271.2 | 288.7 | 331.4 | 363.3 | 374.1 |
| growth-% | -16.7 % | 41.5 % | 2.1 % | -14.6 % | 6.4 % | 14.8 % | 9.6 % | 3.0 % |
| EBITDA | 11.3 | 62.2 | 66.3 | 33.0 | 25.1 | 33.5 | 39.4 | 41.8 |
| EBIT (adj.) | 2.2 | 52.7 | 58.5 | 24.4 | 13.9 | 21.0 | 26.5 | 28.7 |
| EBIT | 2.2 | 52.7 | 58.2 | 24.4 | 13.9 | 21.0 | 26.5 | 28.7 |
| Profit before taxes | -4.4 | 47.9 | 57.8 | 24.0 | 11.1 | 18.9 | 24.6 | 26.4 |
| Net income | -3.3 | 29.2 | 39.8 | 20.2 | 8.8 | 15.1 | 19.6 | 21.1 |
| EPS (adj.) | -0.14 | 1.27 | 1.74 | 0.88 | 0.39 | 0.66 | 0.85 | 0.92 |
| growth-% | 37.3 % | -49.6 % | -56.2 % | 70.7 % | 29.7 % | 7.7 % | ||
| Dividend | 0.00 | 0.00 | 0.43 | 0.30 | 0.30 | 0.32 | 0.32 | 0.35 |
| Dividend ratio | 25.1 % | 34.2 % | 78.2 % | 48.6 % | 37.5 % | 38.1 % |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 5.2 % | 20.0 % | 20.9 % | 12.2 % | 8.7 % | 10.1 % | 10.8 % | 11.2 % |
| EBIT-% (adj.) | 1.0 % | 16.9 % | 18.4 % | 9.0 % | 4.8 % | 6.3 % | 7.3 % | 7.7 % |
| EBIT-% | 1.0 % | 16.9 % | 18.3 % | 9.0 % | 4.8 % | 6.3 % | 7.3 % | 7.7 % |
| ROE | -39.6 % | 138.8 % | 46.4 % | 14.3 % | 6.0 % | 9.9 % | 12.0 % | 12.0 % |
| ROI | 2.2 % | 45.2 % | 35.8 % | 12.1 % | 6.7 % | 9.7 % | 11.9 % | 12.5 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 6.28 | 6.00 | 6.78 | 6.78 | 6.78 | 6.78 | ||
| Shares | 23.0 | 23.0 | 23.0 | 23.0 | 23.0 | 23.0 | 23.0 | 23.0 |
| Market cap | 144.6 | 138.1 | 156.1 | 156.1 | 156.1 | 156.1 | ||
| Enterprise value | 116.1 | 146.1 | 181.1 | 182.2 | 175.5 | 165.3 | ||
| EV/S | - | - | 0.4 | 0.5 | 0.6 | 0.5 | 0.5 | 0.4 |
| EV/EBITDA | - | - | 1.8 | 4.4 | 7.2 | 5.4 | 4.5 | 4.0 |
| EV/EBIT (adj.) | - | - | 2.0 | 6.0 | 13.0 | 8.7 | 6.6 | 5.8 |
| EV/EBIT | - | - | 2.0 | 6.0 | 13.0 | 8.7 | 6.6 | 5.8 |
| P/E (adj.) | - | - | 3.6 | 6.8 | 17.6 | 10.3 | 7.9 | 7.4 |
| P/E | - | - | 3.6 | 6.8 | 17.7 | 10.3 | 7.9 | 7.4 |
| P/B | - | - | 1.1 | 0.9 | 1.0 | 1.0 | 0.9 | 0.9 |
| P/S | - | - | 0.5 | 0.5 | 0.5 | 0.5 | 0.4 | 0.4 |
| Dividend yield | 6.9 % | 5.0 % | 4.4 % | 4.7 % | 4.7 % | 5.2 % | ||
| Equity ratio | 13.4 % | 29.4 % | 52.5 % | 54.7 % | 52.7 % | 54.6 % | 56.3 % | 59.6 % |
| Gearing ratio | 350.4 % | 57.9 % | -21.0 % | 5.4 % | 16.3 % | 16.2 % | 11.1 % | 4.7 % |
Quarter data
| Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 68.7 | 271.2 | 63.7 | 77.8 | 67.8 | 79.4 | 288.7 | ||
| EBITDA | 5.3 | 33.0 | 5.5 | 9.4 | 3.6 | 6.6 | 25.1 | ||
| EBIT | 3.0 | 24.4 | 3.1 | 6.9 | 0.4 | 3.4 | 13.9 | ||
| Profit before taxes | 2.8 | 24.0 | 2.8 | 6.2 | -0.6 | 2.7 | 11.1 | ||
| Net income | 2.6 | 20.2 | 2.3 | 4.9 | -0.5 | 2.2 | 8.8 |
ShowingAll content types
Koskisen Q3'24 flash comment: Plunge in Panel Industry led to marked earnings disappointment
Koskisen, Q3'24
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Koskisen’s revenue increased – the profitability of the Sawn Timber Industry segment improved
Koskisen Q3'24 preview: Earnings trend reversed despite sluggish market
Modular Finance IR Consensus: Koskisen – Consensus estimates Q3 2024
Publishing of Koskisen Corporation’s January-September 2024 Interim Report on 15 November 2024
Koskisen's pre-silent period call indicated stable business development
Koskisen Corporation: Pre-silent period call – Q&A on key themes for Q3 2024
Metsä Wood plans to phase out the plywood mill in Suolahti
Koskisen financial reporting and Annual General Meeting in 2025
Koskisen Q2'24: Impending turnaround is appropriately priced into the stock
Koskisen Q2'24 flash comment: Progress largely very much in line with expectations
Koskisen, Q2'24
Koskisen’s profit level was satisfactory considering the circumstances – profitability was negatively affected by the high price of wood raw material
