Nurminen Logistics
1.185 EUR -0.84%3,916 investors are following this company
Nurminen Logistics is an industrial group that offers transport and logistics services. The company's services include forwarding and freight handling services via rail transport, where the largest presence is in the Nordic and Baltic countries. Also, customized services are offered for various projects, as well as access to terminal service. The company was originally founded in 1886 and is headquartered in Helsinki.
P/E (24e)
9.04
EV/EBIT (adj.) (24e)
6.18
P/B (24e)
2.8
Dividend yield-% (24e)
4.22 %
Target price
1.40 EUR
Recommendation
Accumulate
Updated
25.4.2024
NASDAQ Helsinki
NLG1V
Daily low / high price
1.175 / 1.205
EUR
Market cap
92.58M EUR
Turnover
83.15K EUR
Volume
70K
Business risk
Valuation risk
Current
Previous
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
Aapeli Pursimo
Analyst
Financial calendar
Interim report
2024-08-01
Business review
2024-10-29
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Suka Invest Oy | 16.2 % | 16.2 % |
Ilmarinen Mutual Pension Insurance Company | 14.9 % | 14.9 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Juha Nurminen | 2023-08-07 | 1,811EUR |
Juha Nurminen | 2023-08-07 | 1,811EUR |
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This content is for our Premium customers only.
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 80.7 | 141.3 | 122.5 | 128.0 | 148.4 | 150.4 | 159.0 | 164.4 |
growth-% | 16.5 % | 75.0 % | -13.3 % | 4.4 % | 16.0 % | 1.3 % | 5.7 % | 3.4 % |
EBITDA | 4.8 | 12.6 | 6.2 | 38.4 | 31.0 | 29.8 | 27.1 | 24.8 |
EBIT (adj.) | 0.4 | 10.2 | 6.9 | 21.5 | 25.1 | 23.8 | 21.1 | 19.0 |
EBIT | -0.2 | 9.6 | 3.4 | 33.1 | 25.1 | 23.8 | 21.1 | 19.0 |
Profit before taxes | -2.5 | 7.8 | 1.9 | 29.3 | 22.4 | 21.7 | 19.2 | 17.5 |
Net income | -4.2 | 11.8 | -1.0 | 14.3 | 10.2 | 11.6 | 10.3 | 9.7 |
EPS (adj.) | -0.08 | 0.07 | 0.03 | 0.10 | 0.13 | 0.15 | 0.13 | 0.12 |
growth-% | -58.0 % | 209.6 % | 35.8 % | 12.9 % | -11.3 % | -5.2 % | ||
Dividend | 0.00 | 0.02 | 0.00 | 0.06 | 0.05 | 0.06 | 0.07 | 0.06 |
Dividend ratio | 10.5 % | 32.7 % | 38.2 % | 40.6 % | 53.3 % | 50.0 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 6.0 % | 8.9 % | 5.1 % | 30.0 % | 20.9 % | 19.8 % | 17.0 % | 15.1 % |
EBIT-% (adj.) | 0.5 % | 7.2 % | 5.6 % | 16.8 % | 16.9 % | 15.8 % | 13.3 % | 11.6 % |
EBIT-% | -0.3 % | 6.8 % | 2.8 % | 25.9 % | 16.9 % | 15.8 % | 13.3 % | 11.6 % |
ROE | -269.9 % | 123.5 % | -7.4 % | 70.9 % | 33.8 % | 31.3 % | 23.6 % | 20.1 % |
ROI | -0.4 % | 16.4 % | 5.6 % | 43.1 % | 27.6 % | 27.6 % | 25.0 % | 22.1 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 0.45 | 1.96 | 0.60 | 1.26 | 1.19 | 1.19 | 1.19 | 1.19 |
Shares | 44.6 | 77.1 | 78.0 | 78.1 | 78.1 | 78.1 | 78.1 | 78.1 |
Market cap | 19.9 | 150.8 | 46.8 | 98.1 | 92.6 | 92.6 | 92.6 | 92.6 |
Enterprise value | 57.3 | 193.6 | 87.7 | 167.4 | 155.3 | 144.7 | 136.1 | 127.4 |
EV/S | 0.7 | 1.4 | 0.7 | 1.3 | 1.0 | 1.0 | 0.9 | 0.8 |
EV/EBITDA | 11.9 | 15.4 | 14.1 | 4.4 | 5.0 | 4.9 | 5.0 | 5.1 |
EV/EBIT (adj.) | 145.3 | 19.0 | 12.8 | 7.8 | 6.2 | 6.1 | 6.4 | 6.7 |
EV/EBIT | - | 20.1 | 25.7 | 5.1 | 6.2 | 6.1 | 6.4 | 6.7 |
P/E (adj.) | - | 26.3 | 19.2 | 13.0 | 9.0 | 8.0 | 9.0 | 9.5 |
P/E | - | 12.8 | - | 6.8 | 9.0 | 8.0 | 9.0 | 9.5 |
P/B | 5.0 | 10.0 | 3.6 | 3.6 | 2.8 | 2.3 | 2.0 | 1.8 |
P/S | 0.2 | 1.1 | 0.4 | 0.8 | 0.6 | 0.6 | 0.6 | 0.6 |
Dividend yield | 0.8 % | 4.8 % | 4.2 % | 5.1 % | 5.9 % | 5.3 % | ||
Equity ratio | 20.9 % | 31.6 % | 34.7 % | 41.8 % | 49.8 % | 59.6 % | 65.1 % | 66.1 % |
Gearing ratio | 261.4 % | 115.9 % | 119.8 % | 77.6 % | 56.3 % | 31.0 % | 15.0 % | 1.6 % |
Quarter data
Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24e | Q3/24e | Q4/24e | 2024e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 56.7 | 71.2 | 128.0 | 35.2 | 33.9 | 37.8 | 41.5 | 148.4 | |
EBITDA | 11.1 | 27.4 | 38.4 | 7.3 | 7.3 | 8.0 | 8.5 | 31.0 | |
EBIT | 8.9 | 24.2 | 33.1 | 5.9 | 5.8 | 6.5 | 7.0 | 25.1 | |
Profit before taxes | 7.1 | 22.2 | 29.3 | 5.1 | 5.0 | 5.9 | 6.4 | 22.4 | |
Net income | 3.2 | 11.2 | 14.3 | 2.4 | 1.5 | 3.9 | 2.3 | 10.2 |
ShowingAll content types
Nurminen Logistics Plc's Business Review Q1 2024: Good result in a challenging market
Decisions of the constitutive meeting of the Board of Directors of Nurminen Logistics Plc
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