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Duell

3.07 EUR

-1.60 %

1,901 following

DUELL

First North Finland

Retailers

Consumer Goods & Services

-1.60 %
-6.97 %
+0.66 %
-27.76 %
-23.06 %
-55.18 %
-91.62 %
-
-97.13 %

Duell is an import company. The company's own and imported products are sold through a distribution network covering the European markets. Duell’s range of imported products includes equipment, accessories and spare parts for motorcycling, snowmobiling. boating, bicycling, ATVs/UTVs, mopeds and scooters. The company was founded in 1983 and its headquarters is located in Mustasaari, Finland.

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Market cap
15.95M EUR
Turnover
13.43K EUR
P/E (adj.) (26e)
8.69
EV/EBIT (adj.) (26e)
6.83
P/B (26e)
0.33
EV/S (26e)
0.26
Dividend yield-% (26e)
-
Coverage
Recommendation
Reduce
Target price
3.50 EUR
Updated
2026-01-06
Disclaimer
Tommi Saarinen
Tommi Saarinen

Analyst

Latest research

Latest analysis report

Released: 2026-01-07

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
14/1
2026

Business review Q1'26

9/4
2026

Interim report Q2'26

2/7
2026

Business review Q3'26

Risk
Business risk
Valuation risk
Low
High
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Third party research

Duell: Navigating market turns - Evli

Q4 results were broadly in line with expectations, though regional performance diverged from our forecast. Revised financing provides operational flexibility, but cautious guidance and challenges in France weigh on the outlook.

Duell
Forum discussions
Hi! In those situations, there has been a discrepancy between the share price, target price, and recommendation (Reduce recommendation and the stock having ~20% upside to the target price), which is why we aim to update the analysis. In connection with the preview comment, market...
17 hours ago
by Tommi_Saarinen
7
Q1 declining revenue from the Nordics is probably a fair assumption, but as Magnus mentioned in the Q4 interview, pre-order activity has not been “significantly” weaker. Of course, the assumed weakness in France is added to this, though its share of the comparison period’s figures...
16 hours ago
by Pyrkyri
6
Can this be interpreted to mean that Duell’s sluggishness, moving like molasses, is already causing wonder elsewhere in the world?
12/19/2025, 8:58 AM
by antti314
3
Duell’s net debt on 31 August 2025 was EUR 20.2 million (EUR 19.6 million). Duell’s net debt on 31 August 2025 relative to adjusted EBITDA for the last 12 months was 3.3x (2.8x). Covenant terms were not met at the end of the review period. The lender has granted a waiver, and loan...
4 hours ago
by Roope
2
It will certainly drop once we get a normal winter, and consequently, indebtedness will decrease, supported by good cash flow. I just think that destocking will have a slightly negative impact on the EBITA guidance, but that is more of a one-off.
12/19/2025, 10:03 AM
by Karhu Hylje
2
Okay, you see last year’s inventory this way. I understood that 70% are spare parts that don’t expire. Personally, I think that not as much new stock has been ordered since there’s old stock left, so the balance sheet improves as the old inventory is sold. Hopefully, I’m right.
17 hours ago
by Pyylevä
1
Thanks for the preview @Tommi_Saarinen I’ve been following Duell’s performance and analyses more actively for over 6 months now. For at least a couple of quarters now, you’ve tweaked the target price in your previews before more extensive information on the business status was available...
yesterday
by Putti
1
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