Major Estimate Revision • Aug 12
Consensus EPS estimates fall by 46% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from €60.2m to €59.2m. EPS estimate also fell from €0.26 per share to €0.14 per share. Net income forecast to grow 486% next year vs 17% growth forecast for Food industry in Finland. Consensus price target of €5.50 unchanged from last update. Share price was steady at €4.32 over the past week. Reported Earnings • Aug 05
Second quarter 2026 earnings released Second quarter 2026 results: Revenue: €14.2m (up 5.3% from 2Q 2025). Net loss: €458.0k (loss widened €439.0k from 2Q 2025). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Food industry in Finland. Upcoming Dividend • Mar 20
Upcoming dividend of €0.07 per share Eligible shareholders must have bought the stock before 27 March 2026. Payment date: 08 April 2026. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 1.6%. Lower than top quartile of Finnish dividend payers (5.3%). Lower than average of industry peers (4.7%). Upcoming Dividend • Mar 06
Upcoming dividend of €0.07 per share Eligible shareholders must have bought the stock before 13 March 2026. Payment date: 10 April 2026. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 1.5%. Lower than top quartile of Finnish dividend payers (5.5%). Lower than average of industry peers (4.6%). Reported Earnings • Feb 09
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: €0.088 (up from €0.042 loss in FY 2024). Revenue: €54.6m (up 2.0% from FY 2024). Net income: €713.0k (up €1.05m from FY 2024). Profit margin: 1.3% (up from net loss in FY 2024). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 59%. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Food industry in Finland. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Major Estimate Revision • Feb 08
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from €62.1m to €60.9m. EPS estimate also fell from €0.34 per share to €0.29 per share. Net income forecast to grow 164% next year vs 18% growth forecast for Food industry in Finland. Consensus price target down from €6.20 to €5.70. Share price was steady at €4.95 over the past week. Announcement • Feb 06
Fodelia Oyj announces Annual dividend, payable on April 08, 2026 Fodelia Oyj announced Annual dividend of EUR 0.0700 per share payable on April 08, 2026, ex-date on March 27, 2026 and record date on March 30, 2026. Announcement • Dec 12
Fodelia Oyj, Annual General Meeting, Mar 26, 2026 Fodelia Oyj, Annual General Meeting, Mar 26, 2026. Reported Earnings • Aug 08
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: €13.5m (flat on 2Q 2024). Net loss: €19.0k (loss narrowed 98% from 2Q 2024). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Food industry in Finland. Price Target Changed • Aug 01
Price target decreased by 20% to €6.00 Down from €7.50, the current price target is provided by 1 analyst. New target price is 9.5% above last closing price of €5.48. Stock is down 0.4% over the past year. The company is forecast to post earnings per share of €0.28 next year compared to a net loss per share of €0.042 last year. New Risk • Aug 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (€40.3m market cap, or US$46.0m). Upcoming Dividend • Mar 19
Upcoming dividend of €0.09 per share Eligible shareholders must have bought the stock before 26 March 2025. Payment date: 03 April 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Finnish dividend payers (5.9%). Lower than average of industry peers (3.3%). Declared Dividend • Feb 19
Dividend increased to €0.09 Dividend of €0.09 is 13% higher than last year. Ex-date: 26th March 2025 Payment date: 3rd April 2025 Dividend yield will be 1.4%, which is lower than the industry average of 2.9%. Announcement • Feb 18
Fodelia Oyj announces Annual dividend, payable on April 03, 2025 Fodelia Oyj announced Annual dividend of EUR 0.0900 per share payable on April 03, 2025, ex-date on March 26, 2025 and record date on March 27, 2025. Reported Earnings • Feb 07
Full year 2024 earnings released Full year 2024 results: Revenue: €55.1m (up 13% from FY 2023). Net loss: €339.0k (down 128% from profit in FY 2023). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Food industry in Finland. Announcement • Dec 18
Fodelia Oyj, Annual General Meeting, Mar 25, 2025 Fodelia Oyj, Annual General Meeting, Mar 25, 2025. Reported Earnings • Aug 08
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €14.9m (up 19% from 2Q 2023). Net loss: €1.20m (down 466% from profit in 2Q 2023). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Food industry in Finland. Price Target Changed • Apr 26
Price target increased by 14% to €6.50 Up from €5.70, the current price target is provided by 1 analyst. New target price is 23% above last closing price of €5.28. Stock is up 12% over the past year. The company is forecast to post earnings per share of €0.21 for next year compared to €0.15 last year. Buy Or Sell Opportunity • Apr 26
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at €5.40. The fair value is estimated to be €6.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 6.9%. For the next 3 years, revenue is forecast to grow by 9.1% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. Buy Or Sell Opportunity • Feb 09
Now 23% undervalued Over the last 90 days, the stock has risen 23% to €5.24. The fair value is estimated to be €6.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 7.1%. For the next 3 years, revenue is forecast to grow by 9.1% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. New Risk • Feb 09
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks High level of debt (48% net debt to equity). Large one-off items impacting financial results. Market cap is less than US$100m (€44.1m market cap, or US$47.6m). Reported Earnings • Feb 08
Full year 2023 earnings released Full year 2023 results: Revenue: €49.2m (up 18% from FY 2022). Net income: €1.20m (up €1.20m from FY 2022). Profit margin: 2.4% (up from 0% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Food industry in Finland. Price Target Changed • Dec 24
Price target increased by 14% to €5.70 Up from €5.00, the current price target is provided by 1 analyst. New target price is 9.2% above last closing price of €5.22. Stock is up 7.4% over the past year. The company is forecast to post earnings per share of €0.21 for next year compared to €0.0011 last year. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €5.22, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Food industry in Europe. Total loss to shareholders of 35% over the past three years. New Risk • Oct 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Finnish stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (€33.2m market cap, or US$34.9m). Reported Earnings • Aug 10
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €12.6m (up 21% from 2Q 2022). Net income: €328.0k (up €402.0k from 2Q 2022). Profit margin: 2.6% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Food industry in Finland. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 30
Upcoming dividend of €0.03 per share at 0.7% yield Eligible shareholders must have bought the stock before 06 April 2023. Payment date: 25 May 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.7%. Lower than top quartile of Finnish dividend payers (5.1%). Lower than average of industry peers (2.6%). Reported Earnings • Feb 10
Full year 2022 earnings released Full year 2022 results: Revenue: €42.8m (up 26% from FY 2021). Net income: €8.0k (down 99% from FY 2021). Profit margin: 0% (down from 1.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Food industry in Finland. Price Target Changed • Nov 16
Price target decreased to €5.50 Down from €7.40, the current price target is provided by 1 analyst. New target price is 22% above last closing price of €4.50. Stock is down 47% over the past year. The company is forecast to post earnings per share of €0.13 for next year compared to €0.088 last year. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €5.26, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 16x in the Food industry in Europe. Total loss to shareholders of 35% over the past year. Price Target Changed • Apr 27
Price target decreased to €8.20 Down from €10.00, the current price target is provided by 1 analyst. New target price is 20% above last closing price of €6.86. Stock is down 9.3% over the past year. The company is forecast to post earnings per share of €0.24 for next year compared to €0.088 last year. Upcoming Dividend • Apr 06
Upcoming dividend of €0.04 per share Eligible shareholders must have bought the stock before 13 April 2022. Payment date: 17 May 2022. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Finnish dividend payers (4.4%). Lower than average of industry peers (4.1%). Reported Earnings • Feb 10
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: €34.3m (up 49% from FY 2020). Net income: €653.0k (up 4.8% from FY 2020). Profit margin: 1.9% (down from 2.7% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.4%. Over the next year, revenue is forecast to grow 27%, compared to a 6.4% growth forecast for the industry in Finland. Upcoming Dividend • Apr 14
Upcoming dividend of €0.07 per share Eligible shareholders must have bought the stock before 21 April 2021. Payment date: 25 May 2021. Trailing yield: 0.9%. Lower than top quartile of Finnish dividend payers (3.7%). Lower than average of industry peers (3.0%). Reported Earnings • Feb 21
Full year 2020 earnings released: EPS €0.088 The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €23.0m (up 11% from FY 2019). Net income: €623.0k (up €1.53m from FY 2019). Profit margin: 2.7% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Analyst Estimate Surprise Post Earnings • Feb 21
Revenue and earnings miss expectations Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 25%. Over the next year, revenue is forecast to grow 60%, compared to a 3.6% growth forecast for the Food industry in Finland. Is New 90 Day High Low • Feb 20
New 90-day low: €7.78 The company is down 5.0% from its price of €8.15 on 20 November 2020. The Finnish market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is up 19% over the same period. Is New 90 Day High Low • Dec 02
New 90-day high: €8.60 The company is up 1.0% from its price of €8.55 on 03 September 2020. The Finnish market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is up 4.0% over the same period. Announcement • Nov 25
Fodelia Oyj (HLSE:FODELIA) agreed to acquire Perniön Liha Oy and TJ Jockis Oy. Fodelia Oyj (HLSE:FODELIA) agreed to acquire Perniön Liha Oy and TJ Jockis Oy on November 24, 2020. Is New 90 Day High Low • Oct 13
New 90-day low: €7.36 The company is down 18% from its price of €9.02 on 15 July 2020. The Finnish market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is down 3.0% over the same period. Is New 90 Day High Low • Sep 26
New 90-day low: €7.66 The company is down 11% from its price of €8.65 on 26 June 2020. The Finnish market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Food industry, which is down 4.0% over the same period.