Alma Media: Lively sales in marketplaces
Alma Media's Q1 report published on Friday was excellent, mainly based on rapid growth in the recruitment business. Growth was also effectively transferred to the result, reflecting the high margins of the business. In particular, excellent Q1 figures raised our 2022 estimates, while we did not make major changes to our estimates for the next few years. The reduced share valuation together with a reasonable dividend yield raise the expected return to a good level.
Alma Media
Alma Media operates in the media sector. Within the company, the main focus is on digital media, where the offer consists of news content that concerns lifestyle, career, and finances. The group has a number of brands, the more well-known of which include Kauppalehti. The customers are located in the Nordic countries, the Baltics, and Europe and consist of private consumers. The head office is located in Helsinki.
Read more on company pageKey Estimate Figures2022-04-22
2021 | 22e | 23e | |
---|---|---|---|
Revenue | 275.4 | 303.4 | 305.5 |
growth-% | 19.64 % | 10.16 % | 0.68 % |
EBIT (adj.) | 61.1 | 74.3 | 72.8 |
EBIT-% (adj.) | 22.17 % | 24.50 % | 23.83 % |
EPS (adj.) | 0.58 | 0.68 | 0.68 |
Dividend | 0.35 | 0.38 | 0.40 |
Dividend % | 3.23 % | 3.90 % | 4.11 % |
P/E (adj.) | 18.60 | 14.33 | 14.41 |
EV/EBITDA | 14.41 | 10.34 | 10.20 |