Nokian Tyres
8.732 EUR -0.86%15,148 investors are following this company
Nokian Tyres is a premium tire manufacturer. The company develops and manufactures tires for passenger cars, trucks and heavy machinery. The company also has the Vianor chain, which provides tire and car services. Nokian Tyres' main market areas are the Nordic countries, Central Europe and North America. The company started manufacturing passenger car tires in 1932, and its headquarters is located in Nokia, Finland.
P/E (24e)
15.55
EV/EBIT (adj.) (24e)
15.63
P/B (24e)
0.92
Dividend yield-% (24e)
6.3 %
Target price
10.00 EUR
Recommendation
Buy
Updated
24.3.2024
NASDAQ Helsinki
TYRES
Daily low / high price
8.708 / 8.918
EUR
Market cap
1.21B EUR
Turnover
4.33M EUR
Volume
492K
Risk and recommendation
HighRiskLow
SellRecommendationBuy
Latest research
Analyst
Rauli Juva
Analyst
Latest videos
Financial calendar
Interim report
2024-04-29
Half year dividend
2024-04-30
General meeting
2024-04-30
Interim report
2024-07-19
Interim report
2024-10-29
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Solidium Oy | 10.1 % | 10.1 % |
Varma Mutual Pension Insurance Company | 3.1 % | 3.1 % |
Premium
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Jukka Hienonen | 2023-11-30 | 98,020EUR |
Jouko Pölönen | 2023-11-03 | 3,919EUR |
Premium
This content is for our Premium customers only.
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 1,313.7 | 1,714.2 | 1,776.1 | 1,173.6 | 1,419.8 | 1,546.4 | 1,717.4 | 1,854.1 |
growth-% | -17.1 % | 30.5 % | 3.6 % | -33.9 % | 21.0 % | 8.9 % | 11.1 % | 8.0 % |
EBITDA | 295.5 | 428.2 | 194.4 | 147.0 | 190.9 | 273.3 | 323.9 | 401.7 |
EBIT (adj.) | 182.9 | 324.9 | 221.2 | 65.1 | 110.9 | 150.2 | 180.5 | 222.7 |
EBIT | 119.9 | 268.2 | -116.2 | 32.1 | 70.9 | 120.2 | 160.5 | 222.7 |
Profit before taxes | 106.0 | 258.2 | -146.4 | 14.3 | 46.9 | 100.2 | 146.5 | 209.7 |
Net income | 85.9 | 206.2 | -175.5 | 12.5 | 37.5 | 79.2 | 115.8 | 165.7 |
EPS (adj.) | 1.03 | 1.84 | 1.14 | 0.33 | 0.56 | 0.75 | 0.95 | 1.20 |
growth-% | -42.6 % | 77.6 % | -37.9 % | -71.1 % | 70.4 % | 33.1 % | 27.7 % | 25.7 % |
Dividend | 1.20 | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 | 0.60 | 0.78 |
Dividend ratio | 193.0 % | 36.9 % | -43.3 % | 606.1 % | 202.4 % | 95.9 % | 71.5 % | 65.0 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 22.5 % | 25.0 % | 10.9 % | 12.5 % | 13.4 % | 17.7 % | 18.9 % | 21.7 % |
EBIT-% (adj.) | 13.9 % | 19.0 % | 12.5 % | 5.5 % | 7.8 % | 9.7 % | 10.5 % | 12.0 % |
EBIT-% | 9.1 % | 15.6 % | -6.5 % | 2.7 % | 5.0 % | 7.8 % | 9.3 % | 12.0 % |
ROE | 5.2 % | 13.1 % | -11.5 % | 0.9 % | 2.8 % | 6.0 % | 8.7 % | 11.9 % |
ROI | 6.1 % | 13.8 % | -6.1 % | 1.7 % | 3.5 % | 5.5 % | 7.1 % | 9.5 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 28.82 | 33.30 | 9.58 | 8.26 | 8.73 | 8.73 | 8.73 | 8.73 |
Shares | 138.2 | 138.2 | 138.3 | 138.0 | 138.0 | 138.0 | 138.0 | 138.0 |
Market cap | 3,983.5 | 4,602.7 | 1,324.4 | 1,139.4 | 1,205.0 | 1,205.0 | 1,205.0 | 1,205.0 |
Enterprise value | 3,966.3 | 4,504.1 | 1,465.3 | 1,363.1 | 1,732.7 | 1,835.1 | 1,818.2 | 1,732.3 |
EV/S | 3.0 | 2.6 | 0.8 | 1.2 | 1.2 | 1.2 | 1.1 | 0.9 |
EV/EBITDA | 13.4 | 10.5 | 7.5 | 9.3 | 9.1 | 6.7 | 5.6 | 4.3 |
EV/EBIT (adj.) | 21.7 | 13.9 | 6.6 | 20.9 | 15.6 | 12.2 | 10.1 | 7.8 |
EV/EBIT | 33.1 | 16.8 | - | 42.4 | 24.4 | 15.3 | 11.3 | 7.8 |
P/E (adj.) | 27.9 | 18.1 | 8.4 | 25.1 | 15.5 | 11.7 | 9.1 | 7.3 |
P/E | 46.4 | 22.3 | - | 91.0 | 32.1 | 15.2 | 10.4 | 7.3 |
P/B | 2.6 | 2.8 | 0.9 | 0.8 | 0.9 | 0.9 | 0.9 | 0.8 |
P/S | 3.0 | 2.7 | 0.7 | 1.0 | 0.8 | 0.8 | 0.7 | 0.6 |
Dividend yield | 4.2 % | 1.7 % | 5.7 % | 6.7 % | 6.3 % | 6.3 % | 6.9 % | 8.9 % |
Equity ratio | 65.1 % | 68.3 % | 64.8 % | 57.9 % | 53.6 % | 50.5 % | 50.3 % | 50.6 % |
Gearing ratio | -1.1 % | -6.1 % | 9.8 % | 16.6 % | 40.3 % | 48.0 % | 45.3 % | 36.7 % |
Quarter data
Q1/23 | Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24e | Q2/24e | Q3/24e | Q4/24e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 236.3 | 293.2 | 276.1 | 368.0 | 1,173.6 | 257.3 | 351.6 | 360.2 | 450.8 |
EBITDA | 14.0 | 32.1 | 37.5 | 63.4 | 147.0 | 15.9 | 50.6 | 47.5 | 76.8 |
EBIT | -18.8 | 9.4 | 8.4 | 33.1 | 32.1 | -14.1 | 20.6 | 17.5 | 46.8 |
Profit before taxes | -22.5 | 6.3 | 3.4 | 27.0 | 14.3 | -20.1 | 14.6 | 11.5 | 40.8 |
Net income | -18.7 | 0.7 | 4.3 | 26.2 | 12.5 | -16.1 | 11.7 | 9.2 | 32.7 |
ShowingAll content types
Inside information: Nokian Tyres plc's President & CEO Jukka Moisio to retire from his position during 2024
Nokian Tyres Annual Report 2023 published
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