Meriaura Group
0.032
EUR
+5.26 %
MERIH
First North Finland
Renewable
Energy
4,461 following
+5.26%
-3.03%
-14.89%
-11.6%
-31.33%
-34.69%
-28.09%
-50.77%
-95.1%
-99.84%
meriauragroup.com
Meriaura Group has two business areas: Maritime Logistics and Renewable Energy. Meriaura transports dry cargo and executes demanding project deliveries in Northern Europe. The company offers CO2 reducing marine transport services based on the use of recycled, in-house produced bio-oil. Meriaura Energy designs and delivers clean energy production solutions for district heating and industrial use worldwide, with Europe as the main market area.
P/E (adj.) (24e)
-348.27
EV/EBIT (adj.) (24e)
26.63
P/B (24e)
0.78
Dividend yield-% (24e)
-
Target price
0.03 EUR
Recommendation
Reduce
Updated
31.10.2024
First North Finland
MERIH
Daily low / high price
0.03 / 0.035
EUR
Market cap
27.74M EUR
Turnover
29.06K EUR
Volume
900K
Business risk
Valuation risk
Current
Previous
Latest research
Extensive report
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The latest extensive report was released
Read the reportAnalyst
Pauli Lohi
Analyst
Major OwnersSource: Millistream Market Data AB
| Owner | Capital | Votes |
|---|---|---|
| Meriaura Invest Oy | 62.6 % | 62.6 % |
| Avanza Pension | 6.5 % | 6.5 % |
| Hybrid Consulting Oy | 3.8 % | 3.8 % |
| Nordnet Pensionsförsäkring | 3.6 % | 3.6 % |
| Korp, Patrik | 3.2 % | 3.2 % |
| Lehvonen Eero Jaakko Olavi | 2.8 % | 2.8 % |
| Cederlund, Kjell | 2.8 % | 2.8 % |
| Rantavuori Olli-markus Hermanni | 2.7 % | 2.7 % |
| Storebrand Fonder | 1.5 % | 1.5 % |
| Schneider, Carl Tade | 1.4 % | 1.4 % |
Insider Transactions
| Insider | Date | Total value |
|---|---|---|
| Kirsi Suopelto | 2024-07-09 | 2,335EUR |
| Kirsi Suopelto | 2024-07-04 | 9,840EUR |
| Meriaura Invest Oy | 2024-06-25 | 799,680EUR |
| Repo Eljas | 2023-03-30 | 33,937SEK |
| Eero Kalevi Auranne | 2023-03-27 | 347EUR |
| Ari Virtanen | 2023-03-24 | 348EUR |
| Jari Varjotie | 2023-03-23 | 810EUR |
| Heikki Timonen | 2023-03-21 | 1,688EUR |
| Repo Eljas | 2022-12-30 | 4,174SEK |
| Jussi Mälkiä | 2022-12-29 | 200,000EUR |
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.1 | 2.5 | 8.6 | 66.2 | 79.0 | 84.8 | 93.2 | 99.8 |
| growth-% | 49.8 % | -51.2 % | 245.8 % | 666.5 % | 19.4 % | 7.3 % | 9.9 % | 7.1 % |
| EBITDA | -3.4 | -4.2 | -3.6 | 6.3 | 7.7 | 9.4 | 12.7 | 14.2 |
| EBIT (adj.) | -3.9 | -4.6 | -3.8 | 1.0 | 1.8 | 3.4 | 4.8 | 5.4 |
| EBIT | -3.9 | -4.6 | -3.8 | 1.0 | 1.8 | 3.4 | 4.8 | 5.4 |
| Profit before taxes | -5.0 | -5.8 | -4.1 | -0.3 | -3.0 | 1.9 | 3.1 | 3.8 |
| Net income | -5.0 | -5.8 | -4.1 | -0.3 | -3.4 | 0.9 | 2.1 | 2.8 |
| EPS (adj.) | -0.08 | -0.03 | -0.01 | -0.00 | -0.00 | 0.00 | 0.00 | 0.00 |
| growth-% | 121.4 % | 35.9 % | ||||||
| Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend ratio |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | -66.6 % | -167.2 % | -41.4 % | 9.6 % | 9.7 % | 11.1 % | 13.7 % | 14.2 % |
| EBIT-% (adj.) | -76.2 % | -182.4 % | -43.6 % | 1.6 % | 2.3 % | 4.0 % | 5.2 % | 5.4 % |
| EBIT-% | -76.2 % | -182.4 % | -43.6 % | 1.6 % | 2.3 % | 4.0 % | 5.2 % | 5.4 % |
| ROE | -120.6 % | -103.4 % | -19.4 % | -0.7 % | -9.0 % | 2.5 % | 5.4 % | 6.9 % |
| ROI | -77.7 % | -76.2 % | -12.0 % | 1.8 % | 2.9 % | 4.9 % | 6.4 % | 7.0 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 0.15 | 0.05 | 0.07 | 0.05 | 0.03 | 0.03 | 0.03 | 0.03 |
| Shares | 62.9 | 165.2 | 783.1 | 886.8 | 886.8 | 886.8 | 886.8 | 886.8 |
| Market cap | 9.5 | 8.0 | 53.3 | 42.5 | 28.4 | 28.4 | 28.4 | 28.4 |
| Enterprise value | 7.6 | 4.1 | 69.9 | 55.8 | 47.6 | 53.2 | 57.0 | 52.3 |
| EV/S | 1.5 | 1.7 | 8.1 | 0.8 | 0.6 | 0.6 | 0.6 | 0.5 |
| EV/EBITDA | - | - | - | 8.8 | 6.2 | 5.7 | 4.5 | 3.7 |
| EV/EBIT (adj.) | - | - | - | 53.5 | 26.6 | 15.9 | 11.8 | 9.6 |
| EV/EBIT | - | - | - | 53.5 | 26.6 | 15.9 | 11.8 | 9.6 |
| P/E (adj.) | - | - | - | - | - | 30.2 | 13.6 | 10.0 |
| P/E | - | - | - | - | - | 30.2 | 13.6 | 10.0 |
| P/B | 2.0 | 1.2 | 1.5 | 1.1 | 0.8 | 0.8 | 0.7 | 0.7 |
| P/S | 1.9 | 3.2 | 6.2 | 0.6 | 0.4 | 0.3 | 0.3 | 0.3 |
| Dividend yield | ||||||||
| Equity ratio | 66.2 % | 79.5 % | 55.0 % | 58.9 % | 56.7 % | 52.6 % | 50.5 % | 54.1 % |
| Gearing ratio | -41.9 % | -58.8 % | 47.2 % | 33.3 % | 34.8 % | 47.4 % | 53.8 % | 40.4 % |
Quarter data
| Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 19.0 | 66.2 | 17.9 | 22.1 | 18.8 | 20.2 | 79.0 | ||
| EBITDA | 2.1 | 6.3 | 1.2 | 2.3 | 1.4 | 2.7 | 7.7 | ||
| EBIT | 0.8 | 1.0 | -0.2 | 0.8 | -0.0 | 1.2 | 1.8 | ||
| Profit before taxes | 0.2 | -0.3 | -0.5 | 0.3 | -3.7 | 0.9 | -3.0 | ||
| Net income | 0.3 | -0.3 | -0.5 | 0.3 | -3.8 | 0.4 | -3.4 |
ShowingAll content types
Meriaura Group Plc, Inside information: Changes in Meriaura Group Plc’s financial management
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