Valmet
25.06 EUR +0.32%13,787 investors are following this company
Valmet is a technical supplier in the pulp, paper, and energy industries. Services and products offered include printing machines, spare equipment, condition testing of machines, and automation service solutions. In addition to the main business, aftermarket service and training are also offered. Businesses are conducted on a global level, with the largest domestic market in the Nordic region.
P/E (24e)
11.45
EV/EBIT (adj.) (24e)
9.21
P/B (24e)
1.74
Dividend yield-% (24e)
5.59 %
Target price
28.00 EUR
Recommendation
Accumulate
Updated
8.2.2024
NASDAQ Helsinki
VALMT
Daily low / high price
24.87 / 25.13
EUR
Market cap
4.62B EUR
Turnover
13.8M EUR
Volume
552K
Risk and recommendation
HighRiskLow
SellRecommendationBuy
Latest research
Analyst
Antti Viljakainen
Head of Research
Latest videos
Financial calendar
Interim report
2024-04-24
Interim report
2024-07-24
Half year dividend
2024-09-30
Interim report
2024-10-30
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Oras Invest Ltd | 10.4 % | 10.4 % |
Solidium Oy | 10.1 % | 10.1 % |
Premium
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Jukka Tiitinen | 2024-02-15 | 921,600EUR |
Aaro Cantell | 2022-05-19 | 294,758EUR |
Premium
This content is for our Premium customers only.
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 3,739.0 | 3,934.0 | 5,074.0 | 5,532.0 | 5,423.5 | 5,267.2 | 5,406.9 | 5,575.9 |
growth-% | 5.4 % | 5.2 % | 29.0 % | 9.0 % | -2.0 % | -2.9 % | 2.7 % | 3.1 % |
EBITDA | 425.5 | 521.0 | 639.0 | 703.0 | 730.0 | 751.3 | 791.3 | 816.0 |
EBIT (adj.) | 354.5 | 398.0 | 511.0 | 598.0 | 593.5 | 611.0 | 658.1 | 687.0 |
EBIT | 318.5 | 399.0 | 436.0 | 507.0 | 507.5 | 533.0 | 582.1 | 613.0 |
Profit before taxes | 306.8 | 396.0 | 431.5 | 473.0 | 450.0 | 485.0 | 539.1 | 582.4 |
Net income | 231.0 | 296.2 | 337.9 | 357.5 | 337.5 | 366.2 | 407.0 | 439.7 |
EPS (adj.) | 1.73 | 1.98 | 2.07 | 2.31 | 2.19 | 2.30 | 2.55 | 2.70 |
growth-% | 24.4 % | 14.5 % | 5.0 % | 11.2 % | -5.2 % | 5.2 % | 10.8 % | 6.0 % |
Dividend | 0.90 | 1.20 | 1.30 | 1.35 | 1.40 | 1.45 | 1.43 | 1.67 |
Dividend ratio | 58.3 % | 60.6 % | 71.0 % | 69.7 % | 76.5 % | 73.1 % | 65.0 % | 70.0 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 11.4 % | 13.2 % | 12.6 % | 12.7 % | 13.5 % | 14.3 % | 14.6 % | 14.6 % |
EBIT-% (adj.) | 9.5 % | 10.1 % | 10.1 % | 10.8 % | 10.9 % | 11.6 % | 12.2 % | 12.3 % |
EBIT-% | 8.5 % | 10.1 % | 8.6 % | 9.2 % | 9.4 % | 10.1 % | 10.8 % | 11.0 % |
ROE | 21.2 % | 24.1 % | 17.7 % | 14.1 % | 12.9 % | 13.5 % | 14.4 % | 14.7 % |
ROI | 21.7 % | 23.2 % | 17.0 % | 13.8 % | 12.7 % | 13.9 % | 15.6 % | 16.6 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 23.36 | 37.72 | 25.16 | 26.11 | 25.06 | 25.06 | 25.06 | 25.06 |
Shares | 149.5 | 149.5 | 184.5 | 184.5 | 184.5 | 184.5 | 184.5 | 184.5 |
Market cap | 3,492.1 | 5,638.8 | 4,642.8 | 4,818.1 | 4,624.3 | 4,624.3 | 4,624.3 | 4,624.3 |
Enterprise value | 3,714.1 | 5,595.8 | 5,173.8 | 5,870.1 | 5,468.5 | 5,189.9 | 4,977.0 | 4,773.0 |
EV/S | 1.0 | 1.4 | 1.0 | 1.1 | 1.0 | 1.0 | 0.9 | 0.9 |
EV/EBITDA | 8.7 | 10.7 | 8.1 | 8.4 | 7.5 | 6.9 | 6.3 | 5.8 |
EV/EBIT (adj.) | 10.5 | 14.1 | 10.1 | 9.8 | 9.2 | 8.5 | 7.6 | 6.9 |
EV/EBIT | 11.7 | 14.0 | 11.9 | 11.6 | 10.8 | 9.7 | 8.5 | 7.8 |
P/E (adj.) | 13.5 | 19.1 | 12.1 | 11.3 | 11.5 | 10.9 | 9.8 | 9.3 |
P/E | 15.1 | 19.0 | 13.7 | 13.5 | 13.7 | 12.6 | 11.4 | 10.5 |
P/B | 3.1 | 4.3 | 1.9 | 1.9 | 1.7 | 1.7 | 1.6 | 1.5 |
P/S | 0.9 | 1.4 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.8 |
Dividend yield | 3.9 % | 3.2 % | 5.2 % | 5.2 % | 5.6 % | 5.8 % | 5.7 % | 6.7 % |
Equity ratio | 39.0 % | 42.0 % | 49.3 % | 43.5 % | 45.6 % | 49.2 % | 52.1 % | 55.2 % |
Gearing ratio | 19.4 % | -3.2 % | 21.2 % | 40.9 % | 31.7 % | 20.4 % | 12.1 % | 4.8 % |
Quarter data
Q1/23 | Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24e | Q2/24e | Q3/24e | Q4/24e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 1,321.0 | 1,417.0 | 1,295.0 | 1,499.0 | 5,532.0 | 1,259.3 | 1,386.9 | 1,285.3 | 1,492.0 |
EBITDA | 154.8 | 178.6 | 168.6 | 201.0 | 703.0 | 147.4 | 180.0 | 178.0 | 224.7 |
EBIT | 96.8 | 135.6 | 126.6 | 148.0 | 507.0 | 94.4 | 123.5 | 121.5 | 168.2 |
Profit before taxes | 91.4 | 129.0 | 119.6 | 133.0 | 473.0 | 82.4 | 109.0 | 106.0 | 152.7 |
Net income | 69.6 | 99.4 | 85.0 | 103.5 | 357.5 | 61.8 | 81.7 | 79.5 | 114.5 |
ShowingAll content types
Valmet Oyj: Valmet renews its sustainability reporting
Valmet Oyj: Valmet reaches a significant milestone for automation systems business by launching Valmet DNAe, the next generation Distributed Control System
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