Titanium
10.25 EUR -8.07%6,501 investors are following this company
Titanium is active in the financial industry. The Group currently offers a wide range of financial services mainly in asset management, loan financing, and pensions. The Group also manages a number of investment funds and structured financial products. The company was originally founded in 2009 and is headquartered in Helsinki.
P/E (24e)
11.7
EV/EBIT (adj.) (24e)
8.06
P/B (24e)
5.5
Dividend yield-% (24e)
8.91 %
Target price
12.00 EUR
Recommendation
Reduce
Updated
18.4.2024
First North Finland
TITAN
Daily low / high price
10.2 / 10.6
EUR
Market cap
106.3M EUR
Turnover
494.8K EUR
Volume
48K
Business risk
Valuation risk
Current
Previous
Latest research
Analyst
Sauli Vilén
Business lead research, analyst
Kasper Mellas
Analyst
Financial calendar
Interim report
2024-08-22
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Santanen Tommi Mikael | 13.2 % | 13.2 % |
LKL Holding Oy | 10.1 % | 10.1 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Joni Niiranen | 2024-04-05 | 12,700EUR |
Joni Niiranen | 2024-04-04 | 25,497EUR |
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This content is for our Premium customers only.
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 20.2 | 23.5 | 27.9 | 26.2 | 25.0 | 27.2 | 29.4 | 31.4 |
growth-% | 9.6 % | 16.3 % | 18.8 % | -6.0 % | -4.8 % | 9.0 % | 8.0 % | 6.6 % |
EBITDA | 12.1 | 14.2 | 17.3 | 14.3 | 12.0 | 13.2 | 14.3 | 15.0 |
EBIT (adj.) | 11.5 | 13.8 | 16.9 | 13.7 | 11.4 | 12.4 | 13.4 | 14.2 |
EBIT | 9.8 | 12.0 | 15.1 | 12.6 | 11.4 | 12.4 | 13.4 | 14.2 |
Profit before taxes | 9.9 | 12.0 | 15.1 | 12.6 | 11.4 | 12.4 | 13.4 | 14.2 |
Net income | 7.6 | 9.3 | 11.7 | 9.7 | 9.1 | 9.9 | 10.7 | 11.4 |
EPS (adj.) | 0.91 | 1.08 | 1.30 | 1.05 | 0.88 | 0.95 | 1.02 | 1.07 |
growth-% | 14.3 % | 19.1 % | 20.4 % | -19.4 % | -16.4 % | 8.1 % | 7.8 % | 5.3 % |
Dividend | 0.81 | 0.91 | 1.36 | 1.16 | 0.91 | 0.96 | 1.06 | 0.97 |
Dividend ratio | 109.6 % | 100.1 % | 119.8 % | 124.0 % | 104.3 % | 101.7 % | 104.3 % | 90.0 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 59.7 % | 60.4 % | 62.2 % | 54.7 % | 48.2 % | 48.6 % | 48.5 % | 48.0 % |
EBIT-% (adj.) | 56.9 % | 58.6 % | 60.4 % | 52.3 % | 45.7 % | 45.5 % | 45.6 % | 45.3 % |
EBIT-% | 48.5 % | 51.2 % | 54.2 % | 47.9 % | 45.7 % | 45.5 % | 45.6 % | 45.3 % |
ROE | 33.7 % | 40.0 % | 46.4 % | 39.8 % | 43.7 % | 50.5 % | 53.3 % | 55.2 % |
ROI | 45.1 % | 52.7 % | 61.0 % | 51.5 % | 52.1 % | 55.4 % | 55.6 % | 55.1 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 12.95 | 15.00 | 15.55 | 17.20 | 10.25 | 10.25 | 10.25 | 10.25 |
Shares | 10.2 | 10.2 | 10.3 | 10.4 | 10.4 | 10.5 | 10.5 | 10.6 |
Market cap | 132.4 | 153.3 | 160.1 | 178.4 | 106.8 | 107.3 | 107.8 | 108.4 |
Enterprise value | 118.3 | 136.7 | 139.4 | 160.7 | 92.0 | 92.4 | 92.5 | 93.1 |
EV/S | 5.9 | 5.8 | 5.0 | 6.1 | 3.7 | 3.4 | 3.1 | 3.0 |
EV/EBITDA | 9.8 | 9.6 | 8.0 | 11.2 | 7.7 | 7.0 | 6.5 | 6.2 |
EV/EBIT (adj.) | 10.3 | 9.9 | 8.3 | 11.7 | 8.1 | 7.5 | 6.9 | 6.6 |
EV/EBIT | 12.1 | 11.4 | 9.2 | 12.8 | 8.1 | 7.5 | 6.9 | 6.6 |
P/E (adj.) | 14.3 | 13.9 | 12.0 | 16.4 | 11.7 | 10.8 | 10.0 | 9.5 |
P/E | 17.5 | 16.5 | 13.7 | 18.4 | 11.7 | 10.8 | 10.0 | 9.5 |
P/B | 5.8 | 6.4 | 6.1 | 8.0 | 5.5 | 5.4 | 5.3 | 5.2 |
P/S | 6.6 | 6.5 | 5.7 | 6.8 | 4.3 | 3.9 | 3.7 | 3.5 |
Dividend yield | 6.3 % | 6.1 % | 8.7 % | 6.7 % | 8.9 % | 9.4 % | 10.4 % | 9.4 % |
Equity ratio | 88.0 % | 82.3 % | 83.7 % | 81.5 % | 73.1 % | 69.9 % | 68.1 % | 65.2 % |
Gearing ratio | -62.0 % | -69.7 % | -78.2 % | -79.3 % | -76.2 % | -75.4 % | -74.9 % | -73.9 % |
Quarter data
Q1/23 | Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24e | Q2/24e | Q3/24e | Q4/24e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 13.6 | 12.6 | 26.2 | 12.2 | 12.8 | ||||
EBITDA | 7.9 | 6.4 | 14.3 | 6.0 | 6.1 | ||||
EBIT | 6.7 | 5.8 | 12.6 | 5.7 | 5.7 | ||||
Profit before taxes | 6.7 | 5.8 | 12.6 | 5.7 | 5.7 | ||||
Net income | 5.2 | 4.5 | 9.7 | 4.5 | 4.6 |
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Titanium: Everything set for accelerated earnings growth
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