Tulikivi
0.435 EUR -1.81%4,167 investors are following this company
Tulikivi is a manufacturer of wood burning stoves. The product range is wide and the ovens are made of soapstone. In addition to the main business, sauna heaters adapted for both electric saunas and wood-fired saunas are also offered, as well as furnishing stones for kitchens, bathrooms, and saunas. The largest operations are in the Nordic region, where the products are sold through external resellers.
P/E (24e)
11.03
EV/EBIT (adj.) (24e)
8.73
P/B (24e)
1.31
Dividend yield-% (24e)
4.6 %
Target price
0.40 EUR
Recommendation
Reduce
Updated
5.5.2024
NASDAQ Helsinki
TULAV
Daily low / high price
0.429 / 0.442
EUR
Market cap
26.04M EUR
Turnover
19.34K EUR
Volume
45K
Business risk
Valuation risk
Current
Previous
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Vauhkonen Matti Heikki | 10.8 % | 10.8 % |
Ilmarinen Mutual Pension Insurance Company | 5.7 % | 5.7 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Heikki Vauhkonen | 2024-05-07 | 18,000EUR |
Heikki Vauhkonen | 2024-05-06 | 51,180EUR |
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This content is for our Premium customers only.
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 29.2 | 33.5 | 44.3 | 45.4 | 37.4 | 34.9 | 35.5 | 36.4 |
growth-% | 1.6 % | 14.9 % | 32.1 % | 2.4 % | -17.5 % | -6.8 % | 1.6 % | 2.7 % |
EBITDA | 3.6 | 5.1 | 7.2 | 8.6 | 6.1 | 5.7 | 6.0 | 5.8 |
EBIT (adj.) | 1.2 | 2.7 | 4.7 | 5.5 | 3.5 | 3.2 | 3.5 | 3.3 |
EBIT | 1.2 | 2.7 | 4.7 | 5.5 | 3.5 | 3.2 | 3.5 | 3.3 |
Profit before taxes | 0.4 | 2.1 | 4.1 | 4.9 | 3.0 | 2.8 | 3.2 | 3.2 |
Net income | 0.2 | 1.7 | 4.9 | 3.8 | 2.4 | 2.2 | 2.5 | 2.6 |
EPS (adj.) | 0.00 | 0.03 | 0.08 | 0.06 | 0.04 | 0.04 | 0.04 | 0.04 |
growth-% | 616.9 % | 189.2 % | -23.5 % | -37.7 % | -6.2 % | 15.1 % | 1.1 % | |
Dividend | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 | 0.02 | 0.03 | 0.03 |
Dividend ratio | 15.4 % | 50.7 % | 56.6 % | 61.1 % | 60.0 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 12.4 % | 15.3 % | 16.3 % | 18.9 % | 16.4 % | 16.4 % | 16.9 % | 15.9 % |
EBIT-% (adj.) | 4.0 % | 8.1 % | 10.7 % | 12.0 % | 9.4 % | 9.1 % | 9.9 % | 9.0 % |
EBIT-% | 4.0 % | 8.1 % | 10.7 % | 12.0 % | 9.4 % | 9.1 % | 9.9 % | 9.0 % |
ROE | 3.1 % | 19.6 % | 41.2 % | 23.3 % | 12.4 % | 10.8 % | 11.8 % | 11.3 % |
ROI | 4.9 % | 11.4 % | 17.9 % | 18.2 % | 12.3 % | 12.6 % | 14.4 % | 13.8 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 0.39 | 0.48 | 0.60 | 0.47 | 0.44 | 0.44 | 0.44 | 0.44 |
Shares | 59.7 | 59.7 | 59.7 | 59.7 | 59.7 | 59.7 | 59.7 | 59.7 |
Market cap | 23.0 | 28.6 | 35.8 | 28.3 | 26.0 | 26.0 | 26.0 | 26.0 |
Enterprise value | 36.9 | 42.2 | 46.3 | 38.9 | 30.7 | 28.5 | 26.6 | 25.1 |
EV/S | 1.3 | 1.3 | 1.0 | 0.9 | 0.8 | 0.8 | 0.7 | 0.7 |
EV/EBITDA | 10.2 | 8.3 | 6.4 | 4.5 | 5.0 | 5.0 | 4.4 | 4.3 |
EV/EBIT (adj.) | 31.4 | 15.6 | 9.8 | 7.1 | 8.7 | 9.0 | 7.6 | 7.7 |
EV/EBIT | 31.4 | 15.6 | 9.8 | 7.1 | 8.7 | 9.0 | 7.6 | 7.7 |
P/E (adj.) | 96.5 | 16.7 | 7.3 | 7.5 | 11.0 | 11.8 | 10.2 | 10.1 |
P/E | 96.5 | 16.7 | 7.3 | 7.5 | 11.0 | 11.8 | 10.2 | 10.1 |
P/B | 2.9 | 3.0 | 2.5 | 1.6 | 1.3 | 1.2 | 1.2 | 1.1 |
P/S | 0.8 | 0.9 | 0.8 | 0.6 | 0.7 | 0.7 | 0.7 | 0.7 |
Dividend yield | 2.1 % | 4.6 % | 4.8 % | 6.0 % | 5.9 % | |||
Equity ratio | 24.6 % | 29.4 % | 39.0 % | 49.8 % | 60.1 % | 66.0 % | 71.2 % | 75.2 % |
Gearing ratio | 175.3 % | 142.9 % | 72.7 % | 58.4 % | 23.9 % | 12.2 % | 2.7 % | -3.9 % |
Quarter data
Q1/23 | Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24e | Q2/24e | Q3/24e | Q4/24e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 13.0 | 13.3 | 9.1 | 9.9 | 45.4 | 8.5 | 8.6 | 9.8 | 10.6 |
EBITDA | 1.9 | 3.1 | 2.0 | 1.5 | 8.6 | 0.9 | 1.5 | 1.8 | 1.9 |
EBIT | 1.3 | 2.3 | 1.3 | 0.6 | 5.5 | 0.3 | 0.9 | 1.1 | 1.2 |
Profit before taxes | 1.1 | 2.2 | 1.1 | 0.5 | 4.9 | 0.1 | 0.7 | 1.0 | 1.1 |
Net income | 0.8 | 1.7 | 1.0 | 0.3 | 3.8 | 0.1 | 0.6 | 0.8 | 0.9 |
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![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
Tulikivi Corporation – Managers’ Transactions: Heikki Vauhkonen
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