Terveystalo
7.56 EUR +0.53 %10,506 investors are following this company
Terveystalo operates in the healthcare sector. The company offers services and solutions that, for example, concern surveys and examinations, education and coaching, rehabilitation, and health and fitness mapping. The customers are found among small and medium-sized corporate customers, as well as among actors in the public sector. The head office is located in Helsinki.
P/E (23e)
16.13
EV/EBIT (adj.) (23e)
15.68
P/B (23e)
1.54
Dividend yield-% (23e)
3.7 %
Target price
9.00 EUR
Recommendation
Buy
Updated
18.7.2023
NASDAQ Helsinki
TTALO
Daily low / high price
7.46 / 7.56
EUR
Market cap
960.4M EUR
Turnover
177.02K EUR
Volume
24K
Risk and recommendation
HighRiskLow
SellRecommendationBuy
Major OwnersSource: Millistream Market Data AB
| Owner | Capital | Votes |
|---|---|---|
| Varma Mutual Pension Insurance Company | 17.4 % | 17.4 % |
| Rettig Group Ab | 16.7 % | 16.7 % |
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Insider Transactions
| Insider | Date | Total value |
|---|---|---|
| Juuso Pajunen | 2023-08-07 | 14,420EUR |
| Katri Viippola | 2023-05-25 | 995,940,000PCT |
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This content is for our Premium customers only.
Income statement
| 2019 | 2020 | 2021 | 2022 | 2023e | 2024e | 2025e | 2026e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,030.70 | 986.40 | 1,154.62 | 1,259.10 | 1,312.99 | 1,392.42 | 1,475.63 | 1,534.52 |
| growth-% | 38.40 % | -4.30 % | 17.05 % | 9.05 % | 4.28 % | 6.05 % | 5.98 % | 3.99 % |
| EBITDA | 170.10 | 158.00 | 198.10 | 168.90 | 183.83 | 210.05 | 222.38 | 227.48 |
| EBIT (adj.) | 86.50 | 71.10 | 114.40 | 73.40 | 93.83 | 114.73 | 124.44 | 131.35 |
| EBIT | 81.40 | 67.20 | 110.10 | 33.90 | 75.33 | 109.73 | 124.44 | 131.35 |
| Profit before taxes | 67.00 | 56.70 | 100.42 | 31.00 | 52.69 | 85.91 | 102.82 | 112.18 |
| Net income | 53.91 | 45.90 | 80.02 | 24.50 | 41.04 | 67.87 | 81.23 | 88.62 |
| EPS (adj.) | 0.46 | 0.39 | 0.66 | 0.50 | 0.47 | 0.57 | 0.64 | 0.70 |
| growth-% | -3.33 % | -15.61 % | 69.32 % | -23.48 % | -6.98 % | 22.39 % | 11.47 % | 9.10 % |
| Dividend | 0.13 | 0.26 | 0.28 | 0.28 | 0.28 | 0.30 | 0.31 | 0.31 |
| Dividend ratio | 30.87 % | 72.53 % | 44.80 % | 145.14 % | 86.66 % | 56.14 % | 48.47 % | 45.00 % |
Profitability and return on capital
| 2019 | 2020 | 2021 | 2022 | 2023e | 2024e | 2025e | 2026e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 16.50 % | 16.02 % | 17.16 % | 13.41 % | 14.00 % | 15.09 % | 15.07 % | 14.82 % |
| EBIT-% (adj.) | 8.39 % | 7.21 % | 9.91 % | 5.83 % | 7.15 % | 8.24 % | 8.43 % | 8.56 % |
| EBIT-% | 7.90 % | 6.81 % | 9.54 % | 2.69 % | 5.74 % | 7.88 % | 8.43 % | 8.56 % |
| ROE | 10.24 % | 8.25 % | 13.56 % | 4.08 % | 6.76 % | 10.62 % | 12.00 % | 12.26 % |
| ROI | 7.78 % | 5.88 % | 9.56 % | 2.87 % | 6.35 % | 9.39 % | 10.75 % | 11.42 % |
Valuation
| 2019 | 2020 | 2021 | 2022 | 2023e | 2024e | 2025e | 2026e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 11.18 | 10.04 | 11.84 | 6.25 | 7.56 | 7.56 | 7.56 | 7.56 |
| Shares | 128.04 | 128.04 | 128.04 | 127.00 | 127.00 | 127.00 | 127.00 | 127.00 |
| Market cap | 1,431.45 | 1,285.49 | 1,515.96 | 793.75 | 960.12 | 960.12 | 960.12 | 960.12 |
| Enterprise value | 1,979.75 | 1,777.10 | 2,035.16 | 1,360.55 | 1,471.00 | 1,423.70 | 1,367.74 | 1,310.90 |
| EV/S | 1.92 | 1.80 | 1.76 | 1.08 | 1.12 | 1.02 | 0.93 | 0.85 |
| EV/EBITDA | 11.64 | 11.25 | 10.27 | 8.06 | 8.00 | 6.78 | 6.15 | 5.76 |
| EV/EBIT (adj.) | 22.89 | 24.99 | 17.79 | 18.54 | 15.68 | 12.41 | 10.99 | 9.98 |
| EV/EBIT | 24.32 | 26.44 | 18.48 | 40.13 | 19.53 | 12.97 | 10.99 | 9.98 |
| P/E (adj.) | 24.26 | 25.81 | 17.98 | 12.40 | 16.13 | 13.18 | 11.82 | 10.83 |
| P/E | 26.55 | 28.01 | 18.94 | 32.40 | 23.40 | 14.15 | 11.82 | 10.83 |
| P/B | 2.64 | 2.25 | 2.49 | 1.34 | 1.54 | 1.47 | 1.37 | 1.28 |
| P/S | 1.39 | 1.30 | 1.31 | 0.63 | 0.73 | 0.69 | 0.65 | 0.63 |
| Dividend yield | 1.16 % | 2.59 % | 2.36 % | 4.48 % | 3.70 % | 3.97 % | 4.10 % | 4.15 % |
| Equity ratio | 39.82 % | 41.99 % | 42.03 % | 40.02 % | 42.56 % | 44.72 % | 47.52 % | 50.71 % |
| Gearing ratio | 101.28 % | 85.93 % | 85.27 % | 95.74 % | 82.02 % | 70.76 % | 58.37 % | 46.92 % |
Quarter data
| Q3/22 | Q4/22 | 2022 | Q1/23 | Q2/23 | Q3/23e | Q4/23e | 2023e | Q1/24e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 276.40 | 334.80 | 1,259.10 | 341.11 | 322.40 | 290.38 | 359.11 | 1,312.99 | |
| EBITDA | 30.00 | 42.20 | 168.90 | 45.94 | 43.66 | 36.94 | 57.29 | 183.83 | |
| EBIT | -24.60 | 12.80 | 33.90 | 19.14 | 14.96 | 10.94 | 30.29 | 75.33 | |
| Profit before taxes | -24.30 | 9.90 | 31.00 | 14.14 | 9.82 | 4.94 | 23.79 | 52.69 | |
| Net income | -19.60 | 7.70 | 24.50 | 11.14 | 7.52 | 3.89 | 18.48 | 41.04 |
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