Tokmanni Group

6.45 EUR

-16.84%

13,823 following
Corporate customer

TOKMAN

NASDAQ Helsinki

Retailers

Consumer Goods & Services

-16.84 %
-8.32 %
-20.38 %
-16.62 %
-25.92 %
-54.74 %
-48.36 %
-70.27 %
-3.81 %

Tokmanni Group is a variety discount retailer in the Nordics. The group has stores in Finland, Sweden and Denmark under the brand names Tokmanni, Dollarstore, Big Dollar, Click Shoes and Miny. In addition, Tokmanni has online stores. Tokmanni's headquarter and logistics centres are located in Mäntsälä, Finland. Dollarstore is headquartered in Kista, Stockholm with a central warehouse in Örebro. The group own a procurement company located in Shanghai together with a Norwegian discount store chain Europris.

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Market cap
379.41M EUR
Turnover
13.93M EUR
P/E (adj.) (26e)
9.07
EV/EBIT (adj.) (26e)
13.37
P/B (26e)
1.24
EV/S (26e)
0.69
Dividend yield-% (26e)
6.21 %
Coverage
Recommendation
Reduce
Target price
7.80 EUR
Updated
2026-05-05
Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
7/8
2026

Interim report Q2'26

6/11
2026

Business review Q3'26

Risk
Business risk
Valuation risk
Low
High

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The beginning of this year was quite interesting. Perhaps over the weekend, I’ll have time to write a deeper analysis. But let’s put down some initial reflections (without deeper analysis & structuring) while they are fresh, right after my daily run and listening to the webcast. ...
I suspect the margins are being squeezed by the sales of these extremely cheap promotional products and “Finland’s cheapest” type campaigns. The CEO also seemed to mention these, stating that it is important to remind consumers that they can actually find cheap goods here. However...
Kakkonen criticizes Tokmanni and still considers it expensive. Ilta-Sanomat – 9 May 26 Perustaja kritisoi Tokmannia: ”Jos kauppa ei käy...” Miksi ruotsalainen halpaketju onnistuu Suomessa, mutta suomalainen halpaketju kamppailee Ruotsissa?
I would still challenge the effectiveness of the Dollarstore name. The U.S. isn’t very popular right now, and I only know that Dollarstore isn’t actually American because I’m an investor. If I didn’t own the stock and were walking down a street in Sweden with Jula, Rusta, and Dollarstore...
The decline in customer numbers isn’t such a straightforward sign that a “bad or shrinking company” was acquired. A major explanatory factor for the drop in customer traffic is likely that the assortment, pricing, and the entire operating model have been changed quite significantly...
Personally, I want the sustainability perspective to be brought more and more into the discount retail business, even if it isn’t a winning strategy in terms of sales. Still, I believe that Dollarstore’s poor performance is about something more than just potentially no longer selling...
Kyösti dreams of being able to buy Tokmanni as cheaply as when he sold his 22% stake 14 years ago. However, the company’s revenue has multiplied since those years, and surely the Swedish operations would also have a value greater than zero if divested.
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