Growth continues by capturing domestic market share
Puuilo's updated strategy targets stronger growth than previously expected and as a result we have revised our store opening forecasts upwards. The main drivers of the company's profit growth are a scalable cost structure driven by an expanding store network and the growth of existing stores. The near-term valuation of the stock remains slightly elevated, but we believe this is justified by the strong earnings growth profile and high return on capital.
Puuilo
Puuilo operates in the retail industry. The company operates and manages a number of stores and trading venues. The range is wide and includes items within domestic and pet animals that are forwarded under own or other brands. The customers mainly consist of private actors worldwide, and the largest presence is in Finland.
Read more on company pageKey Estimate Figures24/04
2023 | 24e | 25e | |
---|---|---|---|
Revenue | 338.5 | 391.2 | 430.8 |
growth-% | 14.20 % | 15.56 % | 10.13 % |
EBIT (adj.) | 52.8 | 63.8 | 72.7 |
EBIT-% (adj.) | 15.60 % | 16.31 % | 16.88 % |
EPS (adj.) | 0.46 | 0.56 | 0.64 |
Dividend | 0.38 | 0.45 | 0.51 |
Dividend % | 4.26 % | 4.53 % | 5.21 % |
P/E (adj.) | 19.56 | 17.68 | 15.34 |
EV/EBITDA | 12.65 | 11.56 | 9.69 |