Koskisen

6.5EUR -1.22 %
315 investors are following this company

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.

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P/E (23e)
8.87
EV/EBIT (23e)
5.45
P/B (23e)
1.05
Dividend yield-% (23e)
3.95 %
Target price
6.00 EUR
Recommendation
Reduce
Updated
17.3.2023
NASDAQ Helsinki
KOSKI
Daily low / high price
6.5 / 6.59 EUR
Market cap
149.58M EUR
Turnover
9.87K EUR
Volume
1.5K
Risk and recommendation
HighRiskLow
SellRecommendationBuy

Financial calendar

General meeting
2023-05-11
Annual dividend
2023-05-12
Interim report
2023-08-25
Interim report
2023-11-17

Income statement

20192020202120222023e2024e2025e2026e
Revenue264.16219.96311.47317.68277.39277.74284.00291.42
growth-%-1.83 %-16.73 %41.60 %2.00 %-12.68 %0.12 %2.26 %2.61 %
EBITDA11.2711.3462.2466.2832.5927.4328.0628.83
EBIT (adj.)3.212.2352.6858.5024.0915.4316.0217.45
EBIT3.212.2352.7158.2024.0915.4316.0217.45
Profit before taxes-0.81-4.3647.9457.7921.0912.5713.1614.59
Net income-1.04-3.2829.2439.7816.8710.0510.5311.67
EPS (adj.)-0.262.321.740.730.440.460.51
growth-%-24.90 %-57.91 %-40.40 %4.71 %10.88 %
Dividend0.000.000.000.430.260.220.410.46
Dividend ratio25.14 %35.00 %50.00 %90.00 %90.00 %

Profitability and return on capital

20192020202120222023e2024e2025e2026e
EBITDA-%4.27 %5.16 %19.98 %20.86 %11.75 %9.88 %9.88 %9.89 %
EBIT-% (adj.)1.22 %1.02 %16.91 %18.41 %8.68 %5.55 %5.64 %5.99 %
EBIT-%1.22 %1.02 %16.92 %18.32 %8.68 %5.55 %5.64 %5.99 %
ROE-8.03 %-39.59 %138.81 %46.41 %12.12 %6.95 %7.04 %7.61 %
ROI3.48 %2.21 %45.23 %35.80 %12.73 %8.17 %8.28 %8.84 %

Valuation

20192020202120222023e2024e2025e2026e
Share price (EUR)6.286.506.506.506.50
Shares12.6012.6023.0223.0223.0223.0223.02
Market cap144.57149.63149.63149.63149.63
Enterprise value116.11131.17137.53126.77122.74
EV/S---0.370.470.500.450.42
EV/EBITDA---1.754.025.014.524.26
EV/EBIT (adj.)---1.985.458.917.917.03
EV/EBIT---2.005.458.917.917.03
P/E (adj.)---3.618.8714.8814.2112.82
P/E---3.638.8714.8814.2112.82
P/B---1.061.051.020.980.97
P/S---0.460.540.540.530.51
Dividend yield6.92 %3.95 %3.36 %6.33 %7.02 %
Equity ratio15.87 %13.43 %29.36 %52.52 %59.75 %60.42 %61.05 %61.10 %
Gearing ratio264.69 %350.41 %57.93 %-20.96 %-12.94 %-8.24 %-15.01 %-17.41 %

Quarter data

Q1/22Q2/22Q3/22Q4/222022Q1/23eQ2/23eQ3/23eQ4/23e
Revenue240.1377.55317.6871.9369.0267.9168.53
EBITDA56.449.8466.289.968.418.066.16
EBIT50.327.8858.207.966.416.063.66
Profit before taxes50.866.9357.797.215.665.312.91
Net income34.735.0539.785.774.524.252.32
Publisher
Analyst Comment

Koskisen Q4 morning result: Better than expected start on the stock market

Translation: Original comment published in Finnish on 3/16/2023 at 9:21 am. Koskisen’s Q4 result, published this morning, was better than we expected and the full-year result was the best in the company's history. Koskisen repeated the guidance given...

Publisher
Analyst Comment

Koskisen Q4 Thursday: Record year comes to an end with demand outlook covered in sawdust

Translation: Original comment published in Finnish on 3/14/2023 at 6:04 am. Koskisen, the wood processing company listed at the end of 2022, will report its first financial statements release as a listed company next Thursday. We estimate that Koskinen...