Rapala VMC
2.62 EUR -4.73%5,912 investors are following this company
Rapala VMC is active in recreational fishing. Sales of fishing equipment take place via the company's distribution network and include a number of brands. The product range consists of fishing clothes as well as associated equipment such as fishing rods, metal locks, baits and fishing knives. Operations are conducted worldwide, with the largest presence in Europe and North America. The company is headquartered in Helsinki.
P/E (24e)
32.49
EV/EBIT (adj.) (24e)
15.92
P/B (24e)
0.64
Dividend yield-% (24e)
1.85 %
Target price
2.70 EUR
Recommendation
Reduce
Updated
9.3.2024
NASDAQ Helsinki
RAP1V
Daily low / high price
2.6 / 2.75
EUR
Market cap
102.18M EUR
Turnover
35.41K EUR
Volume
13K
Risk and recommendation
HighRiskLow
SellRecommendationBuy
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Thomas Westerholm
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Financial calendar
Interim report
2024-07-24
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Viellard Migeon Et Compagnie Sa | 43.0 % | 43.0 % |
Nordea Nordic Small Cap Fund | 12.3 % | 12.3 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Emmanuel Viellard | 2023-12-18 | 3,000,062EUR |
Alexander Rosenlew | 2023-04-13 | 24,828EUR |
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Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 261.3 | 294.3 | 274.3 | 221.6 | 240.3 | 252.4 | 261.3 | 269.1 |
growth-% | -5.1 % | 12.6 % | -6.8 % | -19.2 % | 8.4 % | 5.0 % | 3.5 % | 3.0 % |
EBITDA | 24.7 | 46.0 | 23.6 | 15.5 | 26.0 | 31.9 | 34.1 | 34.3 |
EBIT (adj.) | 21.5 | 32.7 | 15.3 | 5.6 | 14.6 | 20.2 | 22.6 | 22.9 |
EBIT | 10.8 | 32.1 | 12.3 | 4.0 | 14.6 | 20.2 | 22.6 | 22.9 |
Profit before taxes | 6.6 | 28.0 | 8.8 | -6.2 | 7.9 | 15.1 | 14.8 | 15.6 |
Net income | 1.2 | 17.0 | 3.7 | -7.0 | 3.1 | 8.1 | 10.8 | 11.3 |
EPS (adj.) | 0.31 | 0.46 | 0.17 | -0.14 | 0.08 | 0.21 | 0.28 | 0.29 |
growth-% | 46.1 % | 48.1 % | -62.3 % | -179.7 % | 159.1 % | 32.6 % | 5.4 % | |
Dividend | 0.00 | 0.15 | 0.04 | 0.00 | 0.05 | 0.02 | 0.03 | 0.18 |
Dividend ratio | 34.0 % | 42.0 % | 60.0 % | 9.6 % | 10.8 % | 60.0 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 9.5 % | 15.6 % | 8.6 % | 7.0 % | 10.8 % | 12.6 % | 13.0 % | 12.8 % |
EBIT-% (adj.) | 8.2 % | 11.1 % | 5.6 % | 2.5 % | 6.1 % | 8.0 % | 8.6 % | 8.5 % |
EBIT-% | 4.1 % | 10.9 % | 4.5 % | 1.8 % | 6.1 % | 8.0 % | 8.6 % | 8.5 % |
ROE | 0.8 % | 12.3 % | 2.7 % | -4.7 % | 2.0 % | 5.0 % | 6.9 % | 7.5 % |
ROI | 4.7 % | 13.8 % | 4.7 % | 1.5 % | 5.8 % | 8.0 % | 9.0 % | 9.3 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 4.36 | 8.72 | 5.00 | 3.00 | 2.62 | 2.62 | 2.62 | 2.62 |
Shares | 38.6 | 38.6 | 38.9 | 38.9 | 38.9 | 38.9 | 38.9 | 38.9 |
Market cap | 168.1 | 336.7 | 194.4 | 116.6 | 101.9 | 101.9 | 101.9 | 101.9 |
Enterprise value | 270.5 | 414.8 | 316.2 | 258.3 | 232.7 | 226.7 | 185.1 | 172.8 |
EV/S | 1.0 | 1.4 | 1.2 | 1.2 | 1.0 | 0.9 | 0.7 | 0.6 |
EV/EBITDA | 11.0 | 9.0 | 13.4 | 16.7 | 8.9 | 7.1 | 5.4 | 5.0 |
EV/EBIT (adj.) | 12.6 | 12.7 | 20.7 | 45.8 | 15.9 | 11.2 | 8.2 | 7.6 |
EV/EBIT | 25.0 | 12.9 | 25.7 | 64.6 | 15.9 | 11.2 | 8.2 | 7.6 |
P/E (adj.) | 14.1 | 19.1 | 29.0 | - | 32.5 | 12.5 | 9.5 | 9.0 |
P/E | 141.2 | 19.8 | 52.5 | - | 32.5 | 12.5 | 9.5 | 9.0 |
P/B | 1.2 | 2.4 | 1.4 | 0.7 | 0.6 | 0.6 | 0.7 | 0.7 |
P/S | 0.6 | 1.1 | 0.7 | 0.5 | 0.4 | 0.4 | 0.4 | 0.4 |
Dividend yield | 1.7 % | 0.8 % | 1.8 % | 0.8 % | 1.2 % | 6.7 % | ||
Equity ratio | 52.4 % | 44.2 % | 41.1 % | 52.1 % | 53.2 % | 54.8 % | 49.0 % | 52.6 % |
Gearing ratio | 36.6 % | 56.1 % | 87.6 % | 52.2 % | 44.4 % | 39.0 % | 56.8 % | 45.2 % |
Quarter data
Q1/23 | Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24e | Q2/24e | Q3/24e | Q4/24e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 117.9 | 103.7 | 221.6 | 128.5 | 111.8 | ||||
EBITDA | 10.1 | 5.5 | 15.5 | 17.2 | 8.8 | ||||
EBIT | 4.5 | -0.5 | 4.0 | 11.5 | 3.1 | ||||
Profit before taxes | -0.5 | -5.8 | -6.2 | 7.9 | -0.0 | ||||
Net income | -1.1 | -5.9 | -7.0 | 4.6 | -1.5 |
ShowingAll content types
![Rapala as an Investment | Consumer Goods Night June 11, 2024](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/8e48e0e2-8b2e-42ce-bfe9-62da164a5c34.png)
Rapala as an Investment | Consumer Goods Night June 11, 2024
![Consumer Goods Companies as Investments | Consumer Goods Night June 11, 2024](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/3b354886-868b-464c-a3b9-efef95fd766b.png)
Consumer Goods Companies as Investments | Consumer Goods Night June 11, 2024
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![Consumer Goods Night | June 11, 2024](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/895c101b-5da5-4441-8b4c-17ceda21416a.png)
Consumer Goods Night | June 11, 2024
![Rapala: Global fiskelycka](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/113ab26d-d0ff-47b6-b4df-4cb6671e988c.png)
Rapala: Global fiskelycka
Rapala VMC strengthens is sustainability commitments by joining UN Global Compact
Decisions of Rapala VMC Corporation’s Annual General Meeting and Organising Meeting of the Board of Directors
Rapala VMC Corporation: Board member Jorma Kasslin has passed away
Rapala VMC Corporation: Changes in Global Management Team
Rapala VMC Corporation’s Financial Statement and other 2023 reports have been released
Notice of the Annual General Meeting of Rapala VMC Corporation
Correction: Rapala VMC Corporation’s Annual Accounts 2023: Strong Cash Flow but Sales and Profitability Down From Last Year in a Tough Market Environment
![Rapala Q4'23 – Friday, Mar. 8 at 11:00 am EET](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/ad773459-0e97-4954-98fd-ed47f623ffcb.png)