Norrhydro Group
1.705
EUR
-4.21 %
NORRH
First North Finland
Industrial Goods & Services
Industrials
1,688 following
www.norrhydro.com/fi/sijoittajasivut
Norrhydro Group is active in the industrial sector. The company specializes in the manufacture of hydraulic cylinders. In addition to the main operations, the company is engaged in research and development. Customers are found in various sectors, with the largest concentration in the industrial sector. Norrhydro Group is primarily active in the Nordic region and is headquartered in Finland.
P/E (adj.) (24e)
-21.41
EV/EBIT (adj.) (24e)
107.3
P/B (24e)
2.26
Dividend yield-% (24e)
-
Target price
2.10 EUR
Recommendation
Accumulate
Updated
17.10.2024
First North Finland
NORRH
Daily low / high price
1.705 / 1.795
EUR
Market cap
18.9M EUR
Turnover
25.55K EUR
Volume
15K
Business risk
Valuation risk
Current
Previous
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Erkki Vesola
Analyst
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Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 19.9 | 24.7 | 29.7 | 30.4 | 28.3 | 33.7 | 40.1 | 48.4 |
| growth-% | -4.1 % | 24.0 % | 20.3 % | 2.2 % | -6.7 % | 18.8 % | 19.1 % | 20.8 % |
| EBITDA | 3.8 | 3.0 | 1.7 | 1.1 | 1.7 | 2.1 | 3.8 | 6.0 |
| EBIT (adj.) | 3.0 | 2.2 | 2.4 | 1.1 | 0.3 | 0.6 | 2.2 | 4.5 |
| EBIT | 3.0 | 2.2 | 0.8 | -0.3 | 0.2 | 0.6 | 2.2 | 4.4 |
| Profit before taxes | 2.5 | 0.4 | 0.2 | -1.4 | -0.9 | -0.5 | 1.2 | 3.7 |
| Net income | 2.0 | 0.4 | 0.0 | -1.4 | -0.9 | -0.5 | 1.2 | 3.4 |
| EPS (adj.) | 0.24 | 0.19 | 0.15 | -0.01 | -0.08 | -0.04 | 0.10 | 0.29 |
| growth-% | 145.3 % | -22.2 % | -21.9 % | -108.1 % | 183.2 % | |||
| Dividend | 0.06 | 0.06 | 0.06 | 0.00 | 0.00 | 0.00 | 0.03 | 0.07 |
| Dividend ratio | 25.1 % | 185.1 % | 1,521.2 % | 30.1 % | 24.3 % |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 18.9 % | 12.0 % | 5.7 % | 3.6 % | 6.0 % | 6.3 % | 9.4 % | 12.4 % |
| EBIT-% (adj.) | 15.3 % | 8.8 % | 8.0 % | 3.5 % | 0.9 % | 1.9 % | 5.5 % | 9.2 % |
| EBIT-% | 15.3 % | 8.8 % | 2.8 % | -0.8 % | 0.8 % | 1.8 % | 5.4 % | 9.1 % |
| ROE | 53.4 % | 4.4 % | 0.4 % | -14.8 % | -10.7 % | -6.0 % | 12.7 % | 28.1 % |
| ROI | 26.4 % | 14.6 % | 4.8 % | -1.2 % | 1.2 % | 3.1 % | 10.4 % | 20.1 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 4.32 | 3.13 | 2.07 | 1.71 | 1.71 | 1.71 | 1.71 | |
| Shares | 8.2 | 10.9 | 10.9 | 10.9 | 11.0 | 11.0 | 11.7 | 11.7 |
| Market cap | 47.1 | 34.1 | 22.6 | 18.8 | 18.8 | 20.0 | 20.0 | |
| Enterprise value | 47.4 | 42.1 | 32.2 | 28.5 | 29.4 | 28.5 | 26.4 | |
| EV/S | - | 1.9 | 1.4 | 1.1 | 1.0 | 0.9 | 0.7 | 0.5 |
| EV/EBITDA | - | 15.9 | 24.8 | 29.4 | 16.9 | 13.8 | 7.6 | 4.4 |
| EV/EBIT (adj.) | - | 21.8 | 17.8 | 30.5 | 107.3 | 45.5 | 13.0 | 5.9 |
| EV/EBIT | - | 21.8 | 51.0 | - | 128.1 | 48.8 | 13.2 | 6.0 |
| P/E (adj.) | - | 23.2 | 21.5 | - | - | - | 16.5 | 5.8 |
| P/E | - | 103.5 | 793.5 | - | - | - | 17.1 | 5.9 |
| P/B | - | 4.2 | 3.2 | 2.5 | 2.3 | 2.4 | 1.9 | 1.5 |
| P/S | - | 1.9 | 1.1 | 0.7 | 0.7 | 0.6 | 0.5 | 0.4 |
| Dividend yield | 1.4 % | 1.9 % | 1.8 % | 4.1 % | ||||
| Equity ratio | 29.2 % | 50.7 % | 38.3 % | 35.0 % | 33.2 % | 29.3 % | 36.3 % | 42.3 % |
| Gearing ratio | 101.7 % | 2.6 % | 74.7 % | 108.6 % | 116.3 % | 134.4 % | 80.5 % | 47.0 % |
Quarter data
| Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24e | Q4/24e | 2024e | Q1/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 12.0 | 30.4 | 13.1 | 15.2 | 28.3 | ||||
| EBITDA | 0.0 | -0.3 | 1.1 | 0.8 | 0.9 | 1.7 | |||
| EBIT | -1.0 | -0.3 | 0.1 | 0.1 | 0.2 | ||||
| Profit before taxes | -1.6 | -1.4 | -0.4 | -0.5 | -0.9 | ||||
| Net income | -1.6 | -1.4 | -0.4 | -0.5 | -0.9 |
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Norrhydro Group Plc – Managers´ Transactions - Trög
Norrhydro Group Plc – Managers´ Transactions - Trög
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Norrhydro Group Plc – Managers´ Transactions - Trög
