Meriaura Group
0.044 EUR -0.89%4,455 investors are following this company
Meriaura Group has two business areas: Maritime Logistics and Renewable Energy. Meriaura transports dry cargo and executes demanding project deliveries in Northern Europe. The company offers CO2 reducing marine transport services based on the use of recycled, in-house produced bio-oil. Meriaura Energy designs and delivers clean energy production solutions for district heating and industrial use worldwide, with Europe as the main market area.
P/E (24e)
21.85
EV/EBIT (adj.) (24e)
15.98
P/B (24e)
0.94
Dividend yield-% (24e)
-
Target price
0.04 EUR
Recommendation
Reduce
Updated
1.3.2024
First North Finland
MERIH
Daily low / high price
0.044 / 0.045
EUR
Market cap
38.49M EUR
Turnover
19.28K EUR
Volume
434K
Risk and recommendation
HighRiskLow
SellRecommendationBuy
Latest research
Extensive report
Inderes' extensive report is an investor's handbook on customer companies covered by our research.
The latest extensive report was released
Read the reportAnalyst
Pauli Lohi
Analyst
Financial calendar
General meeting
2024-05-03
Business review
2024-05-03
Interim report
2024-08-22
Business review
2024-10-31
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Meriaura Invest Oy | 61.2 % | 61.2 % |
Hybrid Consulting Oy | 3.9 % | 3.9 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Repo Eljas | 2023-03-30 | 33,937SEK |
Eero Kalevi Auranne | 2023-03-27 | 347EUR |
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This content is for our Premium customers only.
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 5.1 | 2.5 | 8.6 | 66.2 | 78.5 | 85.2 | 94.8 | 101.9 |
growth-% | 49.8 % | -51.2 % | 245.8 % | 666.5 % | 18.6 % | 8.6 % | 11.2 % | 7.6 % |
EBITDA | -3.4 | -4.2 | -3.6 | 6.3 | 8.7 | 9.8 | 11.6 | 12.7 |
EBIT (adj.) | -3.9 | -4.6 | -3.8 | 1.0 | 3.3 | 4.2 | 5.7 | 6.6 |
EBIT | -3.9 | -4.6 | -3.8 | 1.0 | 3.3 | 4.2 | 5.7 | 6.6 |
Profit before taxes | -5.0 | -5.8 | -4.1 | -0.3 | 2.0 | 3.2 | 4.7 | 5.6 |
Net income | -5.0 | -5.8 | -4.1 | -0.3 | 1.8 | 3.0 | 4.5 | 5.4 |
EPS (adj.) | -0.08 | -0.03 | -0.01 | -0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
growth-% | 67.7 % | 48.9 % | 19.6 % | |||||
Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Dividend ratio |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | -66.6 % | -167.2 % | -41.4 % | 9.6 % | 11.1 % | 11.5 % | 12.2 % | 12.5 % |
EBIT-% (adj.) | -76.2 % | -182.4 % | -43.6 % | 1.6 % | 4.2 % | 5.0 % | 6.0 % | 6.4 % |
EBIT-% | -76.2 % | -182.4 % | -43.6 % | 1.6 % | 4.2 % | 5.0 % | 6.0 % | 6.4 % |
ROE | -120.6 % | -103.4 % | -19.4 % | -0.7 % | 4.4 % | 7.0 % | 9.6 % | 10.4 % |
ROI | -77.7 % | -76.2 % | -12.0 % | 1.8 % | 5.3 % | 6.4 % | 8.3 % | 9.0 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 0.14 | 0.05 | 0.07 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 |
Shares | 62.9 | 165.2 | 783.1 | 886.8 | 886.8 | 886.8 | 886.8 | 886.8 |
Market cap | 9.0 | 7.9 | 54.8 | 43.5 | 39.4 | 39.4 | 39.4 | 39.4 |
Enterprise value | 7.0 | 4.1 | 71.5 | 56.8 | 52.7 | 52.0 | 50.5 | 48.0 |
EV/S | 1.4 | 1.6 | 8.3 | 0.9 | 0.7 | 0.6 | 0.5 | 0.5 |
EV/EBITDA | - | - | - | 9.0 | 6.0 | 5.3 | 4.4 | 3.8 |
EV/EBIT (adj.) | - | - | - | 54.4 | 16.0 | 12.2 | 8.8 | 7.3 |
EV/EBIT | - | - | - | 54.4 | 16.0 | 12.2 | 8.8 | 7.3 |
P/E (adj.) | - | - | - | - | 21.8 | 13.0 | 8.7 | 7.3 |
P/E | - | - | - | - | 21.8 | 13.0 | 8.7 | 7.3 |
P/B | 1.9 | 1.2 | 1.5 | 1.1 | 0.9 | 0.9 | 0.8 | 0.7 |
P/S | 1.8 | 3.2 | 6.3 | 0.7 | 0.5 | 0.5 | 0.4 | 0.4 |
Dividend yield | ||||||||
Equity ratio | 66.2 % | 79.5 % | 55.0 % | 58.9 % | 58.1 % | 59.4 % | 61.4 % | 64.6 % |
Gearing ratio | -41.9 % | -58.8 % | 47.2 % | 33.3 % | 31.8 % | 28.1 % | 22.6 % | 15.7 % |
Quarter data
Q1/23 | Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24e | Q2/24e | Q3/24e | Q4/24e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 16.2 | 15.3 | 15.7 | 19.0 | 66.2 | 18.3 | 19.2 | 18.7 | 22.3 |
EBITDA | 1.5 | 1.1 | 1.7 | 2.1 | 6.3 | 1.9 | 2.1 | 2.0 | 2.7 |
EBIT | 0.2 | -0.2 | 0.3 | 0.8 | 1.0 | 0.5 | 0.7 | 0.6 | 1.5 |
Profit before taxes | -0.1 | -0.5 | 0.0 | 0.2 | -0.3 | 0.3 | 0.4 | 0.4 | 0.9 |
Net income | -0.1 | -0.5 | 0.0 | 0.3 | -0.3 | 0.2 | 0.4 | 0.3 | 0.9 |
ShowingAll content types
SUPPLEMENT – Inside information: Meriaura Group's board has conditionally decided to sell Meriaura's minority ownership to Meriaura Invest to rearrange the group's financing
Inside information: Meriaura Group's board has conditionally decided to sell Meriaura's minority ownership to Meriaura Invest to rearrange the group's financing
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