Nurminen Logistics
0.952
EUR
-0.21 %
NLG1V
NASDAQ Helsinki
Transport & Logistics
Industrials
4,030 following
-0.21%
-1.24%
+19%
+6.97%
-17.93%
-24.14%
+3.25%
-42.99%
+242.45%
-7.2%
nurminenlogistics.com/investors
Nurminen Logistics is an industrial group that offers transport and logistics services. The company's services include forwarding and freight handling services via rail transport, where the largest presence is in the Nordic and Baltic countries. Also, customized services are offered for various projects, as well as access to terminal service. The company was originally founded in 1886 and is headquartered in Helsinki.
P/E (adj.) (24e)
10.2
EV/EBIT (adj.) (24e)
5.87
P/B (24e)
2.49
Dividend yield-% (24e)
6.51 %
Target price
1.20 EUR
Recommendation
Buy
Updated
11.11.2024
NASDAQ Helsinki
NLG1V
Daily low / high price
0.95 / 0.97
EUR
Market cap
74.46M EUR
Turnover
8.87K EUR
Volume
9.3K
Business risk
Valuation risk
Current
Previous
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
Aapeli Pursimo
Analyst
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 80.7 | 141.3 | 122.5 | 128.0 | 111.0 | 144.1 | 152.5 | 159.9 |
| growth-% | 16.5 % | 75.0 % | -13.3 % | 4.4 % | -13.2 % | 29.8 % | 5.8 % | 4.9 % |
| EBITDA | 4.8 | 12.6 | 6.2 | 38.4 | 27.3 | 28.4 | 26.2 | 25.4 |
| EBIT (adj.) | 0.4 | 10.2 | 6.9 | 21.5 | 21.2 | 23.6 | 21.4 | 20.5 |
| EBIT | -0.2 | 9.6 | 3.4 | 33.1 | 22.6 | 23.6 | 21.4 | 20.5 |
| Profit before taxes | -2.5 | 7.8 | 1.9 | 29.3 | 19.4 | 21.3 | 19.6 | 19.0 |
| Net income | -4.2 | 11.8 | -1.0 | 14.3 | 8.8 | 11.9 | 11.5 | 11.2 |
| EPS (adj.) | -0.08 | 0.07 | 0.03 | 0.10 | 0.09 | 0.14 | 0.14 | 0.14 |
| growth-% | -58.0 % | 209.6 % | -3.3 % | 54.2 % | -3.9 % | -1.9 % | ||
| Dividend | 0.00 | 0.02 | 0.00 | 0.06 | 0.06 | 0.06 | 0.07 | 0.07 |
| Dividend ratio | 10.5 % | 32.7 % | 58.3 % | 44.4 % | 47.7 % | 50.1 % |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 6.0 % | 8.9 % | 5.1 % | 30.0 % | 24.6 % | 19.7 % | 17.2 % | 15.9 % |
| EBIT-% (adj.) | 0.5 % | 7.2 % | 5.6 % | 16.8 % | 19.1 % | 16.4 % | 14.0 % | 12.8 % |
| EBIT-% | -0.3 % | 6.8 % | 2.8 % | 25.9 % | 20.3 % | 16.4 % | 14.0 % | 12.8 % |
| ROE | -269.9 % | 123.5 % | -7.4 % | 70.9 % | 29.8 % | 34.1 % | 27.6 % | 23.7 % |
| ROI | -0.4 % | 16.4 % | 5.6 % | 43.1 % | 27.5 % | 34.5 % | 31.0 % | 27.7 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 0.45 | 1.96 | 0.60 | 1.26 | 0.95 | 0.95 | 0.95 | 0.95 |
| Shares | 44.6 | 77.1 | 78.0 | 78.1 | 82.8 | 82.8 | 82.8 | 82.8 |
| Market cap | 19.9 | 151.2 | 46.8 | 98.4 | 78.9 | 78.9 | 78.9 | 78.9 |
| Enterprise value | 57.3 | 194.0 | 87.7 | 167.8 | 124.5 | 116.0 | 109.9 | 103.0 |
| EV/S | 0.7 | 1.4 | 0.7 | 1.3 | 1.1 | 0.8 | 0.7 | 0.6 |
| EV/EBITDA | 11.9 | 15.4 | 14.1 | 4.4 | 4.6 | 4.1 | 4.2 | 4.1 |
| EV/EBIT (adj.) | 145.3 | 19.1 | 12.8 | 7.8 | 5.9 | 4.9 | 5.1 | 5.0 |
| EV/EBIT | - | 20.2 | 25.7 | 5.1 | 5.5 | 4.9 | 5.1 | 5.0 |
| P/E (adj.) | - | 26.4 | 19.2 | 13.1 | 10.2 | 6.6 | 6.9 | 7.0 |
| P/E | - | 12.8 | - | 6.9 | 9.0 | 6.6 | 6.9 | 7.0 |
| P/B | 5.0 | 10.0 | 3.6 | 3.6 | 2.5 | 2.1 | 1.8 | 1.6 |
| P/S | 0.2 | 1.1 | 0.4 | 0.8 | 0.7 | 0.5 | 0.5 | 0.5 |
| Dividend yield | 0.8 % | 4.8 % | 6.5 % | 6.7 % | 6.9 % | 7.1 % | ||
| Equity ratio | 20.9 % | 31.6 % | 34.7 % | 41.8 % | 45.8 % | 56.4 % | 59.7 % | 61.6 % |
| Gearing ratio | 261.4 % | 115.9 % | 119.8 % | 77.6 % | 56.9 % | 29.9 % | 14.6 % | 1.1 % |
Quarter data
| Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 71.2 | 128.0 | 35.2 | 22.5 | 24.2 | 29.1 | 111.0 | 33.4 | 34.6 |
| EBITDA | 27.4 | 38.4 | 7.3 | 4.6 | 8.6 | 6.9 | 27.3 | 7.0 | 6.9 |
| EBIT | 24.2 | 33.1 | 5.9 | 3.4 | 7.6 | 5.8 | 22.6 | 5.8 | 5.7 |
| Profit before taxes | 22.2 | 29.3 | 5.1 | 2.4 | 6.8 | 5.1 | 19.4 | 5.2 | 5.1 |
| Net income | 11.2 | 14.3 | 2.4 | -0.9 | 5.1 | 2.2 | 8.8 | 3.0 | 2.7 |
ShowingAll content types
Finnish Nurminen Logistics Plc acquires Swedish railway logistics company Essinge Rail AB and grows into a significant Nordic railway operator
Inside information: Nurminen Logistics Plc acquires Swedish railway logistics company Essinge Rail AB and grows in rail logistics between the Nordic countries and Continental Europe
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