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Research

LapWall: No signs of a market turnaround yet

LapWall
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LapWall's Q4 report was slightly weaker than expected as a whole, due to lower order backlog than we predicted, the increasingly bleak outlook for residential construction, and the slight Q4 earnings miss. However, the report had a limited impact on LapWall’s overall picture, and we still expect the company to achieve significant earnings growth with its competitive advantages as the construction cycle turns. A market turnaround is unlikely this year and the outlook is still uncertain, but the stock is reasonably priced even with the poor current performance considering the company’s potential.

LapWall operates in the building products industry with several factories. The company manufactures wooden wall and ceiling elements in factory conditions for construction companies. The product range includes several standard products that are delivered and installed by the customer. The company's market area is Finland. LapWall was founded in 2011 and its headquarters are located in Pyhäntä, Finland.

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Key Estimate Figures2024-02-08

202324e25e
Revenue41.945.253.8
growth-%-20.2 %7.9 %19.0 %
EBIT (adj.)3.94.76.9
EBIT-% (adj.)9.4 %10.5 %12.8 %
EPS (adj.)0.220.250.37
Dividend0.130.130.15
Dividend %4.2 %3.3 %3.8 %
P/E (adj.)14.215.510.5
EV/EBITDA8.38.55.6

Forum discussions

Thanks for this overview and Merry Christmas, Jarmo Pekkarinen. I really appreciate that the company’s CEO participates in this thread and keeps...
yesterday
by Mamma94
16
LapWall – A look at 2025 and future prospects The year 2025 has been a year of determined development for LapWall, during which we have strengthened...
yesterday
by Jarmot Pekkarinen
64
Here is more information and references for the sites we have delivered. LapWall roof element system
12/11/2025, 6:56 AM
by Jarmot Pekkarinen
33
I wrote an article on LinkedIn about what low-carbon hybrid construction means in practice and how LapWall’s role is defined in these projects...
12/11/2025, 6:40 AM
by Jarmot Pekkarinen
29
In his speech, Jarmo extends an invitation to visit us, and here is a link to the page through which visits can be coordinated: Tehtaat A warm...
11/28/2025, 10:44 AM
by Sanna Rasanen
20
@jarmot.pekkarinen gave a good and interesting presentation at the Investor 2025 event Inderes LapWall sijoituskohteena | Sijoittaja 2025 - ...
11/28/2025, 10:16 AM
by Sijoittaja-alokas
15
Finland’s largest small house manufacturer DEN is changing owners. From LapWall’s perspective, DEN would be a big fish (i.e., a large contract...
11/20/2025, 10:18 AM
by Antti Viljakainen
25
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