Koskisen: A pause for breath as the major undervaluation has dissipated
Despite some crosswinds, Koskisen's operating environment seems to have developed broadly in line with our expectations in early 2024, and we have fine-tuned our forecasts mainly in relation to the indirect effects of the Finnish strikes and the birch log prices.
Koskisen
Koskisen is active in the forest industry. The company specializes in the manufacture and distribution of industrial wood products. The company's product portfolio is broad and mainly includes wood products such as sawn wood, plywood, chipboard, and veneer. The business is run via various business segments and the customers can be found in a number of industries around the global market. The largest presence is found in Finland. The company was founded in 1909 and has its headquarters in Järvelä, Finland.
Read more on company pageKey Estimate Figures11/04
2023 | 24e | 25e | |
---|---|---|---|
Revenue | 271.2 | 294.0 | 326.7 |
growth-% | -14.62 % | 8.38 % | 11.12 % |
EBIT (adj.) | 24.4 | 17.6 | 21.9 |
EBIT-% (adj.) | 8.99 % | 6.00 % | 6.70 % |
EPS (adj.) | 0.88 | 0.55 | 0.71 |
Dividend | 0.30 | 0.32 | 0.32 |
Dividend % | 5.00 % | 4.75 % | 4.75 % |
P/E (adj.) | 6.83 | 12.17 | 9.44 |
EV/EBITDA | 4.43 | 5.72 | 4.66 |