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Asuntosalkku

83.00 EUR

+0.61 %

Less than 1K followers
Corporate customer

ASUNTO

First North Finland

Real Estate Management & Development

Real Estate

+0.61 %
+3.75 %
+3.75 %
+6.41 %
-1.78 %
+9.93 %
-22.43 %
-
-41.13 %

Asuntosalkku operates in the real estate sector. The company invests in real estate and has a portfolio of apartments located in Helsinki, Finland and Tallinn, Estonia. The homes are mainly residential and rental apartments. The main operations are in the Nordic and Baltic countries. Asuntosalkku was founded in 2018 and is headquartered in Helsinki.

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Market cap
81.89M EUR
Turnover
2.91K EUR
P/E (adj.) (26e)
16.85
EV/EBIT (adj.) (26e)
18.5
P/B (26e)
0.66
EV/S (26e)
11.8
Dividend yield-% (26e)
1.69 %
Coverage
Recommendation
Accumulate
Target price
92.00 EUR
Updated
2025-11-28
Disclaimer
Frans-Mikael Rostedt
Frans-Mikael Rostedt

Analyst

Latest research

Latest analysis report

Released: 2025-11-28

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
25/2
2026

Business review Q1'26

21/5
2026

Interim report Q2'26

20/8
2026

Business review Q3'26

Risk
Business risk
Valuation risk
Low
High
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Research by
Frans-Mikael Rostedt

Asuntosalkku Q3'25: Gradvis mot en bättre cykel

Asuntosalkkus Q3-rapport var något svag siffermässigt, men de klart lönsamma bostadsförsäljningarna i Tallinn fortsatte. Företaget har allokerat dessa medel till återköp av egna aktier, vilket vi anser skapar aktieägarvärde med den nuvarande tydliga balansräkningsrabatten. Vi gjorde små negativa estimatrevideringar med hänvisning till rapporten. På kort sikt är ett svagt kassaflöde en central utmaning, men återköp av egna aktier kompenserar för den låga kassaflödesavkastningen. Aktiekursen har stigit, men vi ser den nuvarande värderingen (2025e: P/NAV 0,70x) som en fortsatt attraktiv nivå för ytterligare köp, då bostadssektorn enligt vår mening gradvis börjar gå mot en bättre cykel.

Asuntosalkku
Forum discussions
@Sijoittaja-alokas’s linked presentation included a good simplified illustration from the company on the impact of share buybacks in the real estate sector. In practice, currently, when buying its own shares, the company is buying its own apartments below their book value. Simple...
12/9/2025, 2:47 PM
by Frans-Mikael Rostedt
12
Here is the update report. For those familiar with the company, H2 did not bring major upheavals, as is usually desirable for a residential real estate investment company Operational performance was slightly better than expected. The guidance for realized profit was quite strong,...
11/28/2025, 12:33 PM
by Frans-Mikael Rostedt
11
Share buybacks continue as expected after the Annual General Meeting Inderes Asuntosalkku Oyj aloittaa uuden omien osakkeiden osto-ohjelman yhtiön... 20.1.2026 14:30:00 EET | Asuntosalkku Oyj | Muut pörssin sääntöjen nojalla julkistettavat tiedotAsuntosalkku Oyj – Muut pörssin sä...
1/20/2026, 1:27 PM
by Frans-Mikael Rostedt
6
Here are Frans’s quick comments on Asuntosalkku’s H2 results. Asuntosalkku published slightly better-than-expected H2’25 results. Comparably, net rental income remained stable, even though reported revenues decreased due to the harmonization of Estonian financial years. The decrease...
11/27/2025, 9:07 AM
by Sijoittaja-alokas
4
iltalehti.fi Länsifirmat pakenevat Virosta: "Olemme pohjalla" Viron talous on ahdingossa, eikä Nato-jäsenyys riitä hälventämään sodan uhkaa. Major entrepreneur Jüri Käo states the matter directly. We have hit rock bottom. In Estonia, properties and forest plots are now being sold...
8/26/2025, 5:19 PM
by cicada
4
Hopefully, other publicly traded real estate investment companies valued at a low book value will also learn from this.
12/12/2025, 5:52 AM
3
Jaakko Sinnemaa was talking about his company at the Real Estate Evening. \n\n\nAsuntosalkku sijoituskohteena | Kiinteistöilta 3.12.2025 - Inderes
12/4/2025, 6:37 AM
by Sijoittaja-alokas
3
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