Piippo
1.66
EUR
PIIPPO
First North Finland
Industrial Goods & Services
Industrials
3,195 following
-1.78%
0%
-9.78%
-7.26%
-26.55%
-34.65%
-49.7%
-48.45%
-80.19%
www.piippo.fi/investors
Piippo is a yarn and net packaging manufacturer. The company's products are used in various industries, mainly agriculture and shipping. The products are of a standardized form but can also be offered as specially designed for customer needs. The largest presence is in the Nordic market, with small and medium-sized corporate customers as the customer base. Piippo was originally founded in 1942 and is headquartered in Outokumpu.
P/E (adj.) (24e)
-1.3
EV/EBIT (adj.) (24e)
-6.1
P/B (24e)
0.58
Dividend yield-% (24e)
-
Target price
1.00 EUR
Recommendation
Sell
Updated
8.9.2024
First North Finland
PIIPPO
Daily low / high price
-
Market cap
2.15M EUR
Turnover
-
Volume
-
Business risk
Valuation risk
Current
Previous
Analyst
Thomas Westerholm
Analyst
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 16.7 | 14.8 | 22.3 | 15.1 | 13.3 | 15.1 | 16.1 | 16.5 |
growth-% | -0.3 % | -11.6 % | 50.9 % | -32.6 % | -11.8 % | 14.0 % | 6.0 % | 2.5 % |
EBITDA | 1.1 | 1.0 | 1.6 | -1.1 | -0.6 | 1.0 | 1.0 | 1.1 |
EBIT (adj.) | 0.4 | 0.3 | 0.9 | -1.8 | -1.3 | 0.4 | 0.5 | 0.6 |
EBIT | 0.4 | 0.3 | 0.9 | -1.8 | -1.3 | 0.4 | 0.5 | 0.6 |
Profit before taxes | 0.2 | 0.2 | 0.6 | -2.2 | -1.8 | -0.2 | -0.0 | 0.3 |
Net income | 0.2 | 0.1 | 0.4 | -2.1 | -1.7 | -0.2 | -0.0 | 0.2 |
EPS (adj.) | 0.14 | 0.11 | 0.35 | -1.60 | -1.28 | -0.12 | -0.02 | 0.17 |
growth-% | -23.3 % | 216.9 % | -560.6 % | |||||
Dividend | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.04 |
Dividend ratio | 23.7 % | -99.7 % | 23.4 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 6.3 % | 6.9 % | 7.2 % | -7.2 % | -4.6 % | 6.3 % | 6.1 % | 6.4 % |
EBIT-% (adj.) | 2.2 % | 2.1 % | 3.9 % | -12.0 % | -9.7 % | 2.7 % | 2.9 % | 3.5 % |
EBIT-% | 2.2 % | 2.1 % | 3.9 % | -12.0 % | -9.7 % | 2.7 % | 2.9 % | 3.5 % |
ROE | 2.7 % | 2.0 % | 6.1 % | -31.9 % | -36.7 % | -4.4 % | -0.7 % | 6.2 % |
ROI | 2.9 % | 2.4 % | 5.6 % | -12.3 % | -11.7 % | 4.1 % | 4.7 % | 5.9 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 3.16 | 3.24 | 3.10 | 2.74 | 1.66 | 1.66 | 1.66 | 1.66 |
Shares | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 |
Market cap | 4.1 | 4.2 | 4.0 | 3.5 | 2.1 | 2.1 | 2.1 | 2.1 |
Enterprise value | 8.4 | 10.6 | 10.1 | 10.3 | 7.9 | 8.3 | 8.2 | 7.7 |
EV/S | 0.5 | 0.7 | 0.5 | 0.7 | 0.6 | 0.5 | 0.5 | 0.5 |
EV/EBITDA | 7.9 | 10.4 | 6.3 | - | - | 8.7 | 8.3 | 7.3 |
EV/EBIT (adj.) | 23.0 | 34.2 | 11.7 | - | - | 20.6 | 17.5 | 13.4 |
EV/EBIT | 23.0 | 34.2 | 11.7 | - | - | 20.6 | 17.5 | 13.4 |
P/E (adj.) | 22.1 | 29.5 | 8.9 | - | - | - | - | 9.7 |
P/E | 22.1 | 29.5 | 8.9 | - | - | - | - | 9.7 |
P/B | 0.6 | 0.6 | 0.5 | 0.7 | 0.6 | 0.6 | 0.6 | 0.6 |
P/S | 0.2 | 0.3 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 |
Dividend yield | 0.8 % | 1.2 % | 2.4 % | |||||
Equity ratio | 50.6 % | 43.6 % | 36.6 % | 39.3 % | 31.2 % | 28.4 % | 28.2 % | 30.2 % |
Gearing ratio | 61.6 % | 90.8 % | 79.1 % | 127.4 % | 155.6 % | 175.3 % | 172.6 % | 151.8 % |
Quarter data
Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24e | Q4/24e | 2024e | Q1/25e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 7.8 | 15.1 | 5.5 | 7.8 | 13.3 | ||||
EBITDA | -0.7 | -1.1 | -0.5 | -0.1 | -0.6 | ||||
EBIT | -1.1 | -1.8 | -0.8 | -0.5 | -1.3 | ||||
Profit before taxes | -1.3 | -2.2 | -1.1 | -0.8 | -1.8 | ||||
Net income | -1.4 | -2.1 | -1.1 | -0.6 | -1.7 |
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