Pohjanmaan Arvo Sijoitusosuuskunta
50.05
EUR
-0.12 %
ARVOSK
First North Finland
Investment
Financials
1,743 following
www.arvosijoitus.fi/sijoittajat
Pohjanmaan Arvo Sijoitusosuuskunta is an investment company. The company is run as a cooperative with members who are active in the company and get to share in large parts of the company's profits. The vision is to create long-term returns and to drive business development within each investment, mainly via greater ownership and board representation in unlisted local companies in Finland. The company was founded in 1914 and has its headquarters in Ylivieska, Finland.
P/E (adj.) (24e)
12.73
EV/EBIT (adj.) (24e)
14.12
P/B (24e)
0.42
Dividend yield-% (24e)
6.39 %
Target price
62.00 EUR
Recommendation
Buy
Updated
27.8.2024
First North Finland
ARVOSK
Daily low / high price
50.01 / 50.06
EUR
Market cap
40.78M EUR
Turnover
2K EUR
Volume
40
Business risk
Valuation risk
Current
Previous
Analyst
Aapeli Pursimo
Analyst
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 20.6 | 26.0 | 14.3 | 15.2 | 14.8 | 20.2 | 20.2 | 20.2 |
growth-% | -17.8 % | 26.3 % | -45.0 % | 6.7 % | -2.6 % | 36.1 % | ||
EBITDA | 1.6 | 5.9 | -2.7 | 2.1 | 2.1 | 2.2 | 2.3 | 2.3 |
EBIT (adj.) | 1.6 | 5.9 | -2.7 | 2.6 | 2.1 | 2.2 | 2.3 | 2.3 |
EBIT | 1.6 | 5.9 | -2.7 | 2.1 | 2.1 | 2.2 | 2.3 | 2.3 |
Profit before taxes | 5.9 | 10.2 | 4.6 | 1.8 | 3.8 | 5.2 | 5.3 | 5.3 |
Net income | 5.6 | 8.8 | 2.8 | 1.4 | 3.2 | 4.2 | 4.3 | 4.3 |
EPS (adj.) | 6.81 | 10.72 | 3.39 | 2.42 | 3.93 | 5.17 | 5.23 | 5.28 |
growth-% | 203.9 % | 57.5 % | -68.4 % | -28.4 % | 62.3 % | 31.4 % | 1.1 % | 0.9 % |
Dividend | 4.00 | 5.00 | 4.00 | 3.20 | 3.20 | 3.60 | 4.00 | 4.00 |
Dividend ratio | 58.8 % | 46.7 % | 118.2 % | 183.0 % | 81.4 % | 69.7 % | 76.5 % | 75.8 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 7.9 % | 22.8 % | -18.7 % | 13.9 % | 14.4 % | 10.9 % | 11.2 % | 11.5 % |
EBIT-% (adj.) | 7.8 % | 22.8 % | -18.7 % | 17.2 % | 14.2 % | 10.8 % | 11.1 % | 11.4 % |
EBIT-% | 7.8 % | 22.8 % | -18.7 % | 13.6 % | 14.2 % | 10.8 % | 11.1 % | 11.4 % |
ROE | 6.1 % | 9.1 % | 2.8 % | 1.5 % | 3.3 % | 4.3 % | 4.3 % | 4.3 % |
ROI | 5.1 % | 9.1 % | 8.7 % | 3.4 % | 5.5 % | 5.2 % | 5.2 % | 5.2 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 62.61 | 50.05 | 50.05 | 50.05 | 50.05 | |||
Shares | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 |
Market cap | 51.0 | 40.8 | 40.8 | 40.8 | 40.8 | |||
Enterprise value | 59.3 | 29.7 | 46.5 | 45.2 | 44.1 | |||
EV/S | - | - | - | 3.9 | 2.0 | 2.3 | 2.2 | 2.2 |
EV/EBITDA | - | - | - | 28.0 | 13.9 | 21.0 | 19.9 | 19.1 |
EV/EBIT (adj.) | - | - | - | 22.6 | 14.1 | 21.2 | 20.1 | 19.2 |
EV/EBIT | - | - | - | 28.6 | 14.1 | 21.2 | 20.1 | 19.2 |
P/E (adj.) | - | - | - | 25.8 | 12.7 | 9.7 | 9.6 | 9.5 |
P/E | - | - | - | 35.8 | 12.7 | 9.7 | 9.6 | 9.5 |
P/B | - | - | - | 0.5 | 0.4 | 0.4 | 0.4 | 0.4 |
P/S | - | - | - | 3.3 | 2.7 | 2.0 | 2.0 | 2.0 |
Dividend yield | 5.1 % | 6.4 % | 7.2 % | 8.0 % | 8.0 % | |||
Equity ratio | 87.6 % | 89.5 % | 89.4 % | 88.2 % | 88.2 % | 88.2 % | 88.3 % | 88.4 % |
Gearing ratio | 9.8 % | 3.8 % | 4.1 % | 8.6 % | -11.5 % | 5.8 % | 4.4 % | 3.3 % |
Quarter data
Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24e | Q4/24e | 2024e | Q1/25e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 9.0 | 15.2 | 4.7 | 10.1 | 14.8 | ||||
EBITDA | 1.0 | 2.1 | 1.1 | 1.1 | 2.1 | ||||
EBIT | 1.0 | 2.1 | 1.0 | 1.1 | 2.1 | ||||
Profit before taxes | 0.7 | 1.8 | 1.3 | 2.5 | 3.8 | ||||
Net income | 0.6 | 1.4 | 1.2 | 2.0 | 3.2 |