Spinnova
1.52 EUR +1.06%5,380 investors are following this company
Spinnova operates in the textile industry. The company has developed a production technology for textile fibers, known as SPINNOVA® fiber, which is manufactured using a mechanical production process. In addition to the main operations, research and development are conducted in the area and the company offers service and associated ancillary services. Spinnova operates worldwide and is headquartered in Jyväskylä.
P/E (adj.) (24e)
-4.92
EV/EBIT (adj.) (24e)
-2.58
P/B (24e)
1.12
Dividend yield-% (24e)
-
Target price
2.00 EUR
Recommendation
Accumulate
Updated
22.8.2024
First North Finland
SPINN
Daily low / high price
1.502 / 1.528
EUR
Market cap
79.44M EUR
Turnover
39.18K EUR
Volume
26K
Business risk
Valuation risk
Current
Previous
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
Antti Viljakainen
Head of Research
Latest videos
Financial calendar
Annual report
2025-02-13
General meeting
2025-04-09
Interim report
2025-08-28
Annual report
2026-02-12
General meeting
2026-04-15
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 0.3 | 6.1 | 24.3 | 10.6 | 2.0 | 8.4 | 21.0 | 18.0 |
growth-% | -66.5 % | 2,287.0 % | 300.4 % | -56.2 % | -81.6 % | 329.2 % | 149.8 % | -14.3 % |
EBITDA | -4.8 | -6.1 | -11.4 | -18.4 | -14.6 | -9.4 | -1.4 | -3.5 |
EBIT (adj.) | -5.5 | -7.0 | -12.3 | -20.9 | -17.3 | -12.3 | -4.6 | -7.0 |
EBIT | -5.5 | -7.0 | -12.3 | -20.9 | -17.3 | -12.3 | -4.6 | -7.0 |
Profit before taxes | -5.6 | -15.4 | -14.1 | -19.3 | -15.9 | -12.2 | -4.6 | -7.1 |
Net income | -5.6 | -15.4 | -14.1 | -19.6 | -16.2 | -12.2 | -4.6 | -7.1 |
EPS (adj.) | -0.30 | -0.28 | -0.38 | -0.31 | -0.23 | -0.09 | -0.14 | |
growth-% | ||||||||
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-% | -1,873.6 % | -101.4 % | -46.8 % | -173.1 % | -746.2 % | -112.1 % | -6.6 % | -19.6 % |
EBIT-% (adj.) | -2,154.7 % | -114.7 % | -50.7 % | -196.7 % | -882.3 % | -146.5 % | -21.9 % | -38.8 % |
EBIT-% | -2,154.7 % | -114.7 % | -50.7 % | -196.7 % | -882.3 % | -146.5 % | -21.9 % | -38.8 % |
ROE | -50.2 % | -25.1 % | -13.2 % | -20.9 % | -20.4 % | -18.8 % | -8.2 % | -14.1 % |
ROI | -30.3 % | -10.5 % | -10.8 % | -20.8 % | -20.0 % | -16.3 % | -6.5 % | -11.5 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 13.43 | 6.50 | 2.40 | 1.52 | 1.52 | 1.52 | 1.52 | |
Shares | 51.3 | 51.3 | 51.3 | 52.3 | 52.3 | 52.3 | 52.3 | |
Market cap | 689.3 | 333.6 | 123.0 | 79.4 | 79.4 | 79.4 | 79.4 | |
Enterprise value | 589.2 | 257.3 | 68.6 | 44.7 | 59.1 | 65.9 | 74.7 | |
EV/S | - | 97.2 | 10.6 | 6.4 | 22.8 | 7.0 | 3.1 | 4.1 |
EV/EBITDA | - | - | - | - | - | - | - | - |
EV/EBIT (adj.) | - | - | - | - | - | - | - | - |
EV/EBIT | - | - | - | - | - | - | - | - |
P/E (adj.) | - | - | - | - | - | - | - | - |
P/E | - | - | - | - | - | - | - | - |
P/B | - | 6.1 | 3.3 | 1.4 | 1.1 | 1.3 | 1.5 | 1.7 |
P/S | - | 113.7 | 13.7 | 11.6 | 40.5 | 9.4 | 3.8 | 4.4 |
Dividend yield | ||||||||
Equity ratio | 54.1 % | 92.1 % | 87.0 % | 88.6 % | 87.6 % | 82.7 % | 78.5 % | 76.8 % |
Gearing ratio | -15.0 % | -87.9 % | -76.3 % | -62.3 % | -48.7 % | -34.4 % | -24.9 % | -10.1 % |
Quarter data
Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24e | Q4/24e | 2024e | Q1/25e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 1.8 | 10.6 | 0.4 | 1.6 | 2.0 | ||||
EBITDA | -8.7 | -18.4 | -8.6 | -6.1 | -14.6 | ||||
EBIT | -9.9 | -20.9 | -9.9 | -7.4 | -17.3 | ||||
Profit before taxes | -8.8 | -19.3 | -9.0 | -6.9 | -15.9 | ||||
Net income | -9.0 | -19.6 | -9.2 | -7.0 | -16.2 |
ShowingAll content types
Spinnova H1'24: We expect a step forward at the end of the year
Spinnova H1'24 flash comment: The big picture played out much as we expected
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