Tulikivi
0.483 EUR +0.84%4,186 investors are following this company
Tulikivi is a manufacturer of wood burning stoves. The product range is wide and the ovens are made of soapstone. In addition to the main business, sauna heaters adapted for both electric saunas and wood-fired saunas are also offered, as well as furnishing stones for kitchens, bathrooms, and saunas. The largest operations are in the Nordic region, where the products are sold through external resellers.
P/E (24e)
11.84
EV/EBIT (adj.) (24e)
9.2
P/B (24e)
1.41
Dividend yield-% (24e)
4.14 %
Target price
0.40 EUR
Recommendation
Reduce
Updated
3.3.2024
NASDAQ Helsinki
TULAV
Daily low / high price
0.46 / 0.488
EUR
Market cap
28.92M EUR
Turnover
42.03K EUR
Volume
89K
Risk and recommendation
HighRiskLow
SellRecommendationBuy
Analyst
Thomas Westerholm
Analyst
Financial calendar
General meeting
2024-04-25
Interim report
2024-05-03
Interim report
2024-08-16
Interim report
2024-11-01
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Vauhkonen Matti Heikki | 10.8 % | 10.8 % |
Ilmarinen Mutual Pension Insurance Company | 5.7 % | 5.7 % |
Premium
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Jaakko Aspara | 2024-01-29 | 12,374EUR |
Jouko Toivanen | 2023-06-27 | 15,536EUR |
Premium
This content is for our Premium customers only.
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 29.2 | 33.5 | 44.3 | 45.4 | 37.2 | 34.6 | 35.2 | 36.1 |
growth-% | 1.6 % | 14.9 % | 32.1 % | 2.4 % | -18.0 % | -6.8 % | 1.6 % | 2.7 % |
EBITDA | 3.6 | 5.1 | 7.2 | 8.6 | 6.3 | 5.7 | 6.0 | 5.7 |
EBIT (adj.) | 1.2 | 2.7 | 4.7 | 5.5 | 3.5 | 3.2 | 3.5 | 3.3 |
EBIT | 1.2 | 2.7 | 4.7 | 5.5 | 3.5 | 3.2 | 3.5 | 3.3 |
Profit before taxes | 0.4 | 2.1 | 4.1 | 4.9 | 3.1 | 2.8 | 3.2 | 3.2 |
Net income | 0.2 | 1.7 | 4.9 | 3.8 | 2.4 | 2.2 | 2.6 | 2.6 |
EPS (adj.) | 0.00 | 0.03 | 0.08 | 0.06 | 0.04 | 0.04 | 0.04 | 0.04 |
growth-% | 616.9 % | 189.2 % | -23.5 % | -35.6 % | -7.8 % | 14.7 % | -0.1 % | |
Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.02 | 0.03 | 0.03 |
Dividend ratio | 49.0 % | 55.6 % | 60.3 % | 60.0 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 12.4 % | 15.3 % | 16.3 % | 18.9 % | 17.1 % | 16.5 % | 17.0 % | 15.8 % |
EBIT-% (adj.) | 4.0 % | 8.1 % | 10.7 % | 12.0 % | 9.5 % | 9.3 % | 10.1 % | 9.0 % |
EBIT-% | 4.0 % | 8.1 % | 10.7 % | 12.0 % | 9.5 % | 9.3 % | 10.1 % | 9.0 % |
ROE | 3.1 % | 19.6 % | 41.2 % | 23.3 % | 12.6 % | 10.7 % | 11.6 % | 11.0 % |
ROI | 4.9 % | 11.4 % | 17.9 % | 18.2 % | 12.4 % | 12.9 % | 14.8 % | 13.7 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 0.39 | 0.48 | 0.60 | 0.47 | 0.48 | 0.48 | 0.48 | 0.48 |
Shares | 59.7 | 59.7 | 59.7 | 59.7 | 59.7 | 59.7 | 59.7 | 59.7 |
Market cap | 23.0 | 28.6 | 35.8 | 28.3 | 28.9 | 28.9 | 28.9 | 28.9 |
Enterprise value | 36.9 | 42.2 | 46.3 | 38.9 | 32.6 | 30.4 | 28.4 | 26.9 |
EV/S | 1.3 | 1.3 | 1.0 | 0.9 | 0.9 | 0.9 | 0.8 | 0.7 |
EV/EBITDA | 10.2 | 8.3 | 6.4 | 4.5 | 5.1 | 5.3 | 4.7 | 4.7 |
EV/EBIT (adj.) | 31.4 | 15.6 | 9.8 | 7.1 | 9.2 | 9.4 | 8.0 | 8.3 |
EV/EBIT | 31.4 | 15.6 | 9.8 | 7.1 | 9.2 | 9.4 | 8.0 | 8.3 |
P/E (adj.) | 96.5 | 16.7 | 7.3 | 7.5 | 11.8 | 12.8 | 11.2 | 11.2 |
P/E | 96.5 | 16.7 | 7.3 | 7.5 | 11.8 | 12.8 | 11.2 | 11.2 |
P/B | 2.9 | 3.0 | 2.5 | 1.6 | 1.4 | 1.3 | 1.3 | 1.2 |
P/S | 0.8 | 0.9 | 0.8 | 0.6 | 0.8 | 0.8 | 0.8 | 0.8 |
Dividend yield | 4.1 % | 4.3 % | 5.4 % | 5.4 % | ||||
Equity ratio | 24.6 % | 29.4 % | 39.0 % | 49.8 % | 62.9 % | 69.1 % | 74.6 % | 76.8 % |
Gearing ratio | 175.3 % | 142.9 % | 72.7 % | 58.4 % | 18.4 % | 7.0 % | -2.2 % | -8.3 % |
Quarter data
Q1/23 | Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24e | Q2/24e | Q3/24e | Q4/24e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 13.0 | 13.3 | 9.1 | 9.9 | 45.4 | 8.3 | 8.6 | 9.8 | 10.6 |
EBITDA | 1.9 | 3.1 | 2.0 | 1.5 | 8.6 | 1.1 | 1.6 | 1.8 | 1.9 |
EBIT | 1.3 | 2.3 | 1.3 | 0.6 | 5.5 | 0.4 | 0.9 | 1.1 | 1.2 |
Profit before taxes | 1.1 | 2.2 | 1.1 | 0.5 | 4.9 | 0.2 | 0.7 | 1.0 | 1.1 |
Net income | 0.8 | 1.7 | 1.0 | 0.3 | 3.8 | 0.2 | 0.6 | 0.8 | 0.9 |
ShowingAll content types
Tulikivi Corporation’s annual report for 2023 has been published
NOTICE TO THE ANNUAL GENERAL MEETING OF TULIKIVI CORPORATION 2024
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