Nurminen Logistics
1.03 EUR -2.37%3,940 investors are following this company
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 (24e)
7.86
EV/EBIT (adj.) (24e)
5.7
P/B (24e)
2.43
Dividend yield-% (24e)
4.85 %
Target price
1.40 EUR
Recommendation
Accumulate
Updated
25.4.2024
NASDAQ Helsinki
NLG1V
Daily low / high price
1.02 / 1.07
EUR
Market cap
80.47M EUR
Turnover
84.01K EUR
Volume
81K
Business risk
Valuation risk
Current
Previous
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Interim report
2024-08-01
Interim report
2024-10-29
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Suka Invest Oy | 16.2 % | 16.2 % |
Ilmarinen Mutual Pension Insurance Company | 14.9 % | 14.9 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Juha Nurminen | 2024-06-24 | 200,000EUR |
Juha Nurminen | 2024-06-24 | 200,000EUR |
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Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 80.7 | 141.3 | 122.5 | 128.0 | 148.4 | 150.4 | 159.0 | 164.4 |
growth-% | 16.5 % | 75.0 % | -13.3 % | 4.4 % | 16.0 % | 1.3 % | 5.7 % | 3.4 % |
EBITDA | 4.8 | 12.6 | 6.2 | 38.4 | 31.0 | 29.8 | 27.1 | 24.8 |
EBIT (adj.) | 0.4 | 10.2 | 6.9 | 21.5 | 25.1 | 23.8 | 21.1 | 19.0 |
EBIT | -0.2 | 9.6 | 3.4 | 33.1 | 25.1 | 23.8 | 21.1 | 19.0 |
Profit before taxes | -2.5 | 7.8 | 1.9 | 29.3 | 22.4 | 21.7 | 19.2 | 17.5 |
Net income | -4.2 | 11.8 | -1.0 | 14.3 | 10.2 | 11.6 | 10.3 | 9.7 |
EPS (adj.) | -0.08 | 0.07 | 0.03 | 0.10 | 0.13 | 0.15 | 0.13 | 0.12 |
growth-% | -58.0 % | 209.6 % | 35.8 % | 12.9 % | -11.3 % | -5.2 % | ||
Dividend | 0.00 | 0.02 | 0.00 | 0.06 | 0.05 | 0.06 | 0.07 | 0.06 |
Dividend ratio | 10.5 % | 32.7 % | 38.2 % | 40.6 % | 53.3 % | 50.0 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 6.0 % | 8.9 % | 5.1 % | 30.0 % | 20.9 % | 19.8 % | 17.0 % | 15.1 % |
EBIT-% (adj.) | 0.5 % | 7.2 % | 5.6 % | 16.8 % | 16.9 % | 15.8 % | 13.3 % | 11.6 % |
EBIT-% | -0.3 % | 6.8 % | 2.8 % | 25.9 % | 16.9 % | 15.8 % | 13.3 % | 11.6 % |
ROE | -269.9 % | 123.5 % | -7.4 % | 70.9 % | 33.8 % | 31.3 % | 23.6 % | 20.1 % |
ROI | -0.4 % | 16.4 % | 5.6 % | 43.1 % | 27.6 % | 27.6 % | 25.0 % | 22.1 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 0.45 | 1.96 | 0.60 | 1.26 | 1.03 | 1.03 | 1.03 | 1.03 |
Shares | 44.6 | 77.1 | 78.0 | 78.1 | 78.1 | 78.1 | 78.1 | 78.1 |
Market cap | 19.9 | 150.8 | 46.8 | 98.1 | 80.5 | 80.5 | 80.5 | 80.5 |
Enterprise value | 57.3 | 193.6 | 87.7 | 167.4 | 143.2 | 132.6 | 124.0 | 115.3 |
EV/S | 0.7 | 1.4 | 0.7 | 1.3 | 1.0 | 0.9 | 0.8 | 0.7 |
EV/EBITDA | 11.9 | 15.4 | 14.1 | 4.4 | 4.6 | 4.5 | 4.6 | 4.6 |
EV/EBIT (adj.) | 145.3 | 19.0 | 12.8 | 7.8 | 5.7 | 5.6 | 5.9 | 6.1 |
EV/EBIT | - | 20.1 | 25.7 | 5.1 | 5.7 | 5.6 | 5.9 | 6.1 |
P/E (adj.) | - | 26.3 | 19.2 | 13.0 | 7.9 | 7.0 | 7.8 | 8.3 |
P/E | - | 12.8 | - | 6.8 | 7.9 | 7.0 | 7.8 | 8.3 |
P/B | 5.0 | 10.0 | 3.6 | 3.6 | 2.4 | 2.0 | 1.7 | 1.6 |
P/S | 0.2 | 1.1 | 0.4 | 0.8 | 0.5 | 0.5 | 0.5 | 0.5 |
Dividend yield | 0.8 % | 4.8 % | 4.9 % | 5.8 % | 6.8 % | 6.0 % | ||
Equity ratio | 20.9 % | 31.6 % | 34.7 % | 41.8 % | 49.8 % | 59.6 % | 65.1 % | 66.1 % |
Gearing ratio | 261.4 % | 115.9 % | 119.8 % | 77.6 % | 56.3 % | 31.0 % | 15.0 % | 1.6 % |
Quarter data
Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24e | Q3/24e | Q4/24e | 2024e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 56.7 | 71.2 | 128.0 | 35.2 | 33.9 | 37.8 | 41.5 | 148.4 | |
EBITDA | 11.1 | 27.4 | 38.4 | 7.3 | 7.3 | 8.0 | 8.5 | 31.0 | |
EBIT | 8.9 | 24.2 | 33.1 | 5.9 | 5.8 | 6.5 | 7.0 | 25.1 | |
Profit before taxes | 7.1 | 22.2 | 29.3 | 5.1 | 5.0 | 5.9 | 6.4 | 22.4 | |
Net income | 3.2 | 11.2 | 14.3 | 2.4 | 1.5 | 3.9 | 2.3 | 10.2 |
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Nurminen Logistics Oyj - Managers' Transactions
Nurminen Logistics Oyj - Managers' Transactions
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Nurminen Logistics sells 51% majority of shares in Kiinteistöosakeyhtiö Helsingin Satamakaari 24 to Ilmarinen
![Nurminen Logistics as an Investment | Investor Day May 27, 2024](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/a93388b4-840c-41ab-b3d6-60a7584b80ef.png)
Nurminen Logistics as an Investment | Investor Day May 27, 2024
The Board of Directors of Nurminen Logistics Plc resolved on a new performance period for the performance share plan
![Investor Day May 27, 2024](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/a54df762-c63c-496f-ab18-c2838ca83bbe.png)