Wetteri

0.383 EUR

+2.13 %

WETTERI

NASDAQ Helsinki

Consumer Services

Consumer Goods & Services

3,748 following

+2.13%

-1.03%

-8.81%

-13.35%

-30.62%

-24.9%

-4.01%

+34.86%

-31.61%

www.sijoittajat.wetteri.fi

Wetteri is a multi-brand car dealership operating in Finland. The company’s business model covers the entire vehicle dealership value chain from the dealerships of new passenger and utility vehicles to spare parts, maintenance, and repair operations as well as the trade of second-hand cars. Wetteri also sells and maintains heavy vehicles. The company's customer base consists of both private and corporate customers. Wetteri’s headquarter is in Oulu.

P/E (adj.) (24e)

-58.64

EV/EBIT (adj.) (24e)

19.99

P/B (24e)

1.69

Dividend yield-% (24e)

Target price

0.40 EUR

Recommendation

Reduce

Updated

12.11.2024

NASDAQ Helsinki

WETTERI

Daily low / high price

0.383 / 0.384 EUR

Market cap

61.27M EUR

Turnover

4.6K EUR

Volume

12K

Business risk

Valuation risk

Current

Thomas Westerholm

Analyst

Latest videos

Wetteri, Q2'24

2024-08-28

Income statement

	2020	2021	2022	2023	2024e	2025e	2026e	2027e
Revenue	284.2	320.0	291.3	443.3	588.5	635.5	663.8	680.4
growth-%	-2.2 %	12.6 %	-9.0 %	52.2 %	32.8 %	8.0 %	4.5 %	2.5 %
EBITDA	14.4	15.3	12.0	21.0	22.6	30.0	34.4	36.3
EBIT (adj.)	6.2	6.6	6.8	12.0	10.1	14.2	18.1	19.1
EBIT	6.2	6.6	-1.0	5.4	6.2	12.2	16.4	19.1
Profit before taxes	4.1	4.6	-4.3	-3.8	-5.5	2.3	7.4	10.6
Net income	3.3	4.6	-3.6	-4.1	-5.0	1.8	5.9	8.4
EPS (adj.)	0.02	0.03	0.03	0.02	-0.01	0.02	0.05	0.05
growth-%		39.4 %	-8.2 %	-45.5 %	-138.3 %		99.7 %	10.7 %
Dividend	0.01	0.01	0.01	0.00	0.00	0.00	0.01	0.03
Dividend ratio	23.3 %	32.9 %	-27.7 %			34.8 %	32.0 %	48.6 %

Profitability and return on capital

	2020	2021	2022	2023	2024e	2025e	2026e	2027e
EBITDA-%	5.1 %	4.8 %	4.1 %	4.7 %	3.8 %	4.7 %	5.2 %	5.3 %
EBIT-% (adj.)	2.2 %	2.1 %	2.3 %	2.7 %	1.7 %	2.2 %	2.7 %	2.8 %
EBIT-%	2.2 %	2.1 %	-0.4 %	1.2 %	1.0 %	1.9 %	2.5 %	2.8 %
ROE	23.0 %	26.3 %	-14.8 %	-12.7 %	-14.3 %	4.9 %	14.7 %	18.3 %
ROI	7.2 %	7.8 %	-1.0 %	3.7 %	3.6 %	6.6 %	8.5 %	9.6 %

Valuation

	2020	2021	2022	2023	2024e	2025e	2026e	2027e
Share price (EUR)	0.39	0.35	0.80	0.55	0.38	0.38	0.38	0.38
Shares	134.0	134.0	134.6	148.2	157.2	157.2	157.2	157.2
Market cap	52.3	47.2	107.7	81.8	60.2	60.2	60.2	60.2
Enterprise value	121.6	113.0	203.6	215.0	202.1	212.1	212.5	209.9
EV/S	0.4	0.4	0.7	0.5	0.3	0.3	0.3	0.3
EV/EBITDA	8.5	7.4	16.9	10.2	8.9	7.1	6.2	5.8
EV/EBIT (adj.)	19.6	17.0	30.1	18.0	20.0	14.9	11.7	11.0
EV/EBIT	19.6	17.0	-	40.2	32.8	17.3	13.0	11.0
P/E (adj.)	16.0	10.3	25.6	32.4	-	15.8	7.9	7.2
P/E	16.0	10.3	-	-	-	33.3	10.2	7.2
P/B	3.3	2.5	3.6	2.4	1.7	1.6	1.4	1.2
P/S	0.2	0.1	0.4	0.2	0.1	0.1	0.1	0.1
Dividend yield	1.5 %	3.2 %	0.9 %			1.0 %	3.1 %	6.8 %
Equity ratio	15.3 %	17.5 %	19.7 %	15.9 %	15.7 %	15.4 %	17.0 %	19.2 %
Gearing ratio	435.7 %	349.5 %	312.2 %	388.1 %	394.1 %	401.8 %	353.1 %	300.9 %

Quarter data

	Q3/23	Q4/23	2023	Q1/24	Q2/24	Q3/24e	Q4/24e	2024e	Q1/25e
Revenue	112.0	131.1	443.3	144.8	131.1	146.8	165.8	588.5	161.4
EBITDA	6.3	4.7	21.0	5.3	3.8	7.1	6.4	22.6	3.6
EBIT	2.0	0.7	5.4	1.1	-0.7	3.2	2.5	6.2	3.6
Profit before taxes	-0.3	-2.8	-3.8	-1.6	-3.9	0.2	-0.3	-5.5	3.6
Net income	-0.4	-3.0	-4.1	-1.3	-3.7	0.2	-0.2	-5.0	3.6

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Regulatory press releaseyesterday

Wetteri

0.383

EUR