Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Morning Review
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
    • Transcripts
    • AGM Invitations
    • IPOs
  • inderesTV
  • Portfolio
  • Forum
  • Discovery
  • Q&A
  • About Us
    • Our Coverage
    • Team
Research

Rapala VMC: Meager catch will improve in coming years

By Inderes
Rapala VMC
Download report (PDF)

Result-wise Rapala's H1 report brought no joy and H2 will also remain very modest. In the longer term, earnings growth has clear steps to continue as the journey to reach the full potential of the Rapala brand and the rod & reel category has only started. We cut our 2022 estimates in particular, but also made slight cuts to our estimates for the next few years, as the strategy has progressed in the background. Especially the longer-term expected return remains attractive in a relatively defensive share. Acquisition option also provides support for Rapala’s valuation.

Rapala VMC is a company focused on sport fishing products. The sale of fishing equipment takes place through the company’s distribution network and includes several brands. The product range includes lures as well as related gear such as rods, reels, hooks, and fishing knives. The company operateCorporations globally, with its largest markets in Europe and North America. The company’s headquarters is located in Helsinki, Finland

Read more on company page

Key Estimate Figures2022-07-16

202122e23e
Revenue294.3278.5294.2
growth-%12.6 %-5.4 %5.6 %
EBIT (adj.)32.716.027.9
EBIT-% (adj.)11.1 %5.8 %9.5 %
EPS (adj.)0.460.250.47
Dividend0.150.100.20
Dividend %1.7 %10.2 %20.3 %
P/E (adj.)19.13.92.1
EV/EBITDA9.04.82.7

Forum discussions

I think Rapala’s own clothing looks decent and I’ve been thinking about ordering some just to show support, even though I’m not really a fisherman...
3/26/2026, 8:29 AM
by Kanye_Cash
4
Unfortunately, the attempt falls a bit flat, or rather, the gear looks a bit stale. This is just my opinion, of course, but they should be able...
3/26/2026, 5:53 AM
by Keijo
1
Sometimes in the fall, there was a discussion on the forum about Rapala collaborating with higher-quality brands, for example, on clothing. ...
3/25/2026, 1:55 PM
7
It was only a year ago that we got the first French CEO. It could also be that they got fed up with the blunders of the Finns/the one Swede....
3/20/2026, 2:09 PM
by Zen65
7
Unfortunately, those French people are incapable of fixing this company, and on the other hand, small investors are now stuck with Viellard....
3/19/2026, 7:39 PM
by TitoK
2
Rapala’s share price dropped below one euro for the first time, unfortunately on the wrong side, placing it in the penny stock category. Its...
3/19/2026, 2:46 PM
by Harvasepäivä
7
I ski less than 200 km per year using the classic style. A few years ago, I bought new Peltonen skin skis from a department store where they...
3/19/2026, 8:19 AM
by Jonez
1
Find us on social media
  • Inderes Forum
  • Youtube
  • Instagram
  • Facebook
  • X (Twitter)
Get in touch
  • info@inderes.se
  • +46 8 411 43 80
  • Vattugatan 17, 5tr
    111 52 Stockholm
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.