Aspo

8,4 EUR +0,48 %

5 284 investerare följer bolaget.

www.aspo.com/en/frontpage

Aspo är verksamma inom transport- och logistikbranschen. Bolaget drivs som ett konglomerat med visionen att vara en aktiv aktör inom förvärv och utveckling av företag, huvudsakligen inom tillväxtmarknaderna i östra Europa. Branscherna där bolaget innehar intressen i inkluderar exempelvis dagligvaruhandeln, industri, samt IT-sektorn. Huvudkontoret ligger i Helsingfors.

P/E (23e)

9,61

EV/EBIT (23e)

11,7

P/B (23e)

1,73

Direktavkastnings- % (23e)

5,6 %

Riktkurs

9.00 EUR

Rekommendation

Öka

Uppdaterad

10.3.2023

NASDAQ Helsinki

ASPO

Dagens lägsta / högsta pris

8,4 / 8,4 EUR

Börsvärde

263,93 mn EUR

Omsättning

999,6 EUR

Volym

119

Risk och rekommendation

HögRiskLåg

SäljRekommendationKöp

Senaste analyserna

Aspo: Performance was wild, but future is worrisome

2022-11-03

Aspo: Situation in the Eastern market significantly deteriorated

2022-02-28

Analyst

Sauli Vilén

Analyst

Kasper Mellas

Analyst

Senast publicerade videor

Aspo Q4'22 – Wednesday, Feb. 15 at 2:00 pm EET

2023-02-15

Mergers and Acquisitions as part of Strategy – Wednesday, Dec. 14 at 4:00 pm EET

2022-12-14

Aspo Q3'22 – Wednesday, Nov. 2 at 2:00 pm EET

2022-11-02

Finansiell kalender

Bolagsstämma

2023-04-04

Halvårsdividend

2023-04-05

Delårsrapport

2023-05-03

Delårsrapport

2023-08-10

Delårsrapport

2023-11-01

Income statement

	2019	2020	2021	2022	2023e	2024e	2025e	2026e
Revenue	587,70	500,72	573,30	643,40	578,65	638,14	674,98	714,18
growth-%	8,65 %	−14,80 %	14,49 %	12,23 %	−10,06 %	10,28 %	5,77 %	5,81 %
EBITDA	49,74	49,40	68,43	67,50	71,52	78,12	83,37	87,38
EBIT (adj.)	21,14	19,30	42,40	55,30	39,12	43,17	45,78	47,58
EBIT	21,14	19,30	33,90	31,10	39,12	43,17	45,78	47,58
Profit before taxes	18,24	14,80	30,00	24,80	32,96	34,90	37,67	39,92
Net income	14,62	12,00	23,70	18,50	27,51	29,16	32,60	35,92
EPS (adj.)	0,47	0,38	1,02	1,36	0,87	0,93	1,03	1,14
growth-%	−19,56 %	−17,92 %	168,42 %	32,61 %	−35,66 %	5,88 %	11,64 %	10,20 %
Dividend	0,22	0,35	0,45	0,46	0,47	0,48	0,49	0,50
Dividend ratio	47,30 %	91,67 %	59,66 %	78,12 %	53,75 %	51,85 %	47,41 %	43,90 %

Profitability and return on capital

	2019	2020	2021	2022	2023e	2024e	2025e	2026e
EBITDA-%	8,46 %	9,87 %	11,94 %	10,49 %	12,36 %	12,24 %	12,35 %	12,23 %
EBIT-% (adj.)	3,60 %	3,85 %	7,40 %	8,59 %	6,76 %	6,76 %	6,78 %	6,66 %
EBIT-%	3,60 %	3,85 %	5,91 %	4,83 %	6,76 %	6,76 %	6,78 %	6,66 %
ROE	12,26 %	10,19 %	19,51 %	13,55 %	18,58 %	18,27 %	20,30 %	21,83 %
ROI	6,34 %	5,85 %	10,76 %	9,62 %	11,76 %	12,39 %	12,37 %	12,22 %

Valuation

	2019	2020	2021	2022	2023e	2024e	2025e	2026e
Share price (EUR)	7,62	8,40	11,36	8,20	8,40	8,40	8,40	8,40
Shares	31,43	31,43	31,42	31,42	31,46	31,50	31,54	31,54
Market cap	239,50	264,01	356,93	257,64	264,26	264,60	264,93	264,93
Enterprise value	462,50	453,91	544,33	454,34	457,63	466,08	466,54	461,69
EV/S	0,79	0,91	0,95	0,71	0,79	0,73	0,69	0,65
EV/EBITDA	9,30	9,19	7,95	6,73	6,40	5,97	5,60	5,28
EV/EBIT (adj.)	21,88	23,52	12,84	8,22	11,70	10,80	10,19	9,70
EV/EBIT	21,88	23,52	16,06	14,61	11,70	10,80	10,19	9,70
P/E (adj.)	16,38	22,00	11,08	6,03	9,61	9,07	8,13	7,37
P/E	16,38	22,00	15,06	13,93	9,61	9,07	8,13	7,37
P/B	1,96	2,33	2,76	1,79	1,73	1,59	1,72	1,52
P/S	0,41	0,53	0,62	0,40	0,46	0,41	0,39	0,37
Dividend yield	2,89 %	4,17 %	3,96 %	5,61 %	5,60 %	5,71 %	5,83 %	5,95 %
Equity ratio	29,76 %	29,55 %	31,85 %	34,55 %	36,48 %	37,08 %	32,59 %	35,28 %
Gearing ratio	162,31 %	149,69 %	129,37 %	116,01 %	107,16 %	102,79 %	130,66 %	112,58 %

Quarter data

	Q1/22	Q2/22	Q3/22	Q4/22	2022	Q1/23e	Q2/23e	Q3/23e	Q4/23e
Revenue	160,40	161,40	157,80	163,80	643,40	145,96	142,27	146,35	144,07
EBITDA	18,20	21,00	21,80	6,50	67,50	15,97	18,43	18,76	18,37
EBIT	10,10	13,50	12,30	−4,80	31,10	7,87	10,33	10,66	10,27
Profit before taxes	8,30	10,40	10,20	−4,10	24,80	6,33	8,79	9,12	8,73
Net income	6,58	9,30	8,75	−6,13	18,50	5,13	7,38	7,68	7,32

Showing Alla typer av innehåll

Video

Aspo Q4'22 – Wednesday, Feb. 15 at 2:00 pm EET

Follow Aspo's Q4'22-info on Wednesday, February 15 at 2:00 pm EET on inderesTV.

Aspo

2023-02-15

Video

Mergers and Acquisitions as part of Strategy – Wednesday, Dec. 14 at 4:00 pm EET

Welcome to follow Mergers and Acquisitions as Part of Strategy on Wednesday, December 14 at 4:00 pm EET on inderesTV.

Aspo Relais Group

2022-12-14

Aktieanalys

Aspo: Performance was wild, but future is worrisome

On Wednesday, Aspo published a Q3 result that was stronger than we expected. We have raised our earnings estimates for the next few years, as the report improved visibility of Telko's profitability level adjusted for Russian operations. Moreover, completed...

Aspo

2022-11-03 av Sauli Vilén, Kasper Mellas

Video

Aspo Q3'22 – Wednesday, Nov. 2 at 2:00 pm EET

Follow Aspo's Q3'22 info on Wednesday, November 2 at 2 pm EET on inderesTV.

Aspo

2022-11-02

Aktieanalys

Aspo: Situation in the Eastern market significantly deteriorated

The Russian attack on Ukraine significantly weakens the company's operating conditions in the Eastern market and we have lowered our forecasts. Currently, making forecasts is exceptionally difficult when visibility is very low. Although Asco has excellent...

Aspo

2022-02-28 av Olli Vilppo, Sauli Vilén

Video

Influence Aspo´s sustainability work

We want to ensure that we focus on sustainability topics that are relevant to our investors. Therefore, we invite you to take part in Aspo´s sustainability survey. As a respondent you have the opportunity to influence the development of Aspo´s sustainability...

Aspo

2018-11-01

Video

Aspo Group 2017 - Aki Ojanen CEO

Aspo is a conglomerate that specializes in demanding B-to-B customers. It owns and develops its businesses in Northern Europe and in selected growing markets. Aspo's wholly owned subsidiaries ESL Shipping, Leipurin, Telko and Kauko operate under their...

Aspo

2018-03-20