Reported Earnings • May 11
First quarter 2026 earnings released: €0.03 loss per share (vs €0.03 profit in 1Q 2025) First quarter 2026 results: €0.03 loss per share (down from €0.03 profit in 1Q 2025). Revenue: €1.49m (down 45% from 1Q 2025). Net loss: €221.0k (down 207% from profit in 1Q 2025). Revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Finland are expected to grow by 5.2%. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Apr 08
Upcoming dividend of €0.25 per share Eligible shareholders must have bought the stock before 15 April 2026. Payment date: 23 April 2026. Payout ratio is a comfortable 65% but the company is paying out more than the cash it is generating. Trailing yield: 8.6%. Within top quartile of Finnish dividend payers (5.4%). Higher than average of industry peers (1.5%). Reported Earnings • Mar 23
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: €0.68 (down from €1.08 in FY 2024). Revenue: €8.39m (down 18% from FY 2024). Net income: €4.34m (down 37% from FY 2024). Profit margin: 52% (down from 67% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.0%. Revenue is expected to decline by 2.7% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Finland are expected to grow by 2.8%. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. New Risk • Feb 09
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 Risks Interest payments are not well covered by earnings (1.2x net interest cover). Earnings are forecast to decline by an average of 30% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (187% cash payout ratio). Share price has been volatile over the past 3 months (5.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (36% net profit margin). Market cap is less than US$100m (€27.2m market cap, or US$32.4m). Announcement • Dec 22
Investors House Oyj, Annual General Meeting, Apr 14, 2026 Investors House Oyj, Annual General Meeting, Apr 14, 2026. Location: helsinki Finland Major Estimate Revision • Nov 17
Consensus EPS estimates increase by 13%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from €8.60m to €8.32m. EPS estimate rose from €0.60 to €0.675. Net income forecast to shrink 47% next year vs 6.2% growth forecast for Real Estate industry in Finland . Consensus price target down from €4.75 to €3.58. Share price fell 4.3% to €3.83 over the past week. Reported Earnings • Nov 12
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: €0.06 (down from €0.14 in 3Q 2024). Revenue: €1.44m (down 41% from 3Q 2024). Net income: €358.0k (down 61% from 3Q 2024). Profit margin: 25% (down from 38% in 3Q 2024). Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) exceeded analyst estimates by 140%. Revenue is expected to decline by 8.8% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Finland are expected to grow by 1.3%. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Price Target Changed • Sep 25
Price target decreased by 21% to €4.75 Down from €6.03, the current price target is an average from 2 analysts. New target price is 27% above last closing price of €3.75. Stock is down 29% over the past year. The company is forecast to post earnings per share of €0.60 for next year compared to €1.08 last year. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment deteriorates as stock falls 38% After last week's 38% share price decline to €4.73, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 9x in the Real Estate industry in Finland. Total returns to shareholders of 82% over the past three years. Upcoming Dividend • Sep 08
Upcoming dividend of €3.14 per share Eligible shareholders must have bought the stock before 15 September 2025. Payment date: 23 September 2025. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of Finnish dividend payers (5.9%). Higher than average of industry peers (3.3%). Reported Earnings • Aug 25
Second quarter 2025 earnings released: EPS: €0.53 (vs €0.88 in 2Q 2024) Second quarter 2025 results: EPS: €0.53 (down from €0.88 in 2Q 2024). Revenue: €2.40m (down 26% from 2Q 2024). Net income: €3.36m (down 40% from 2Q 2024). Revenue is expected to decline by 11% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Finland are expected to grow by 1.1%. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Aug 22
Consensus revenue estimates decrease by 22%, EPS upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from €11.0m to €8.59m. EPS estimate increased from €0.38 to €0.585 per share. Net income forecast to shrink 49% next year vs 19% growth forecast for Real Estate industry in Finland . Consensus price target broadly unchanged at €6.05. Share price rose 38% to €7.90 over the past week. New Risk • Aug 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Finnish stocks, typically moving 10% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings are forecast to decline by an average of 30% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (93% cash payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (€47.4m market cap, or US$55.2m). Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to €7.44, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Real Estate industry in Finland. Total returns to shareholders of 72% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.85 per share. Announcement • Jun 25
Nordisk Renting Oy agreed to acquire Apitare Oy from Investors House Oyj (HLSE:INVEST) and Ovaro Kiinteistösijoitus Oyj (HLSE:OVARO) for €60 million. Nordisk Renting Oy agreed to acquire Apitare Oy from Investors House Oyj (HLSE:INVEST) and Ovaro Kiinteistösijoitus Oyj (HLSE:OVARO) for €60 million on June 25, 2025. Ovaro Kiinteistösijoitus Oyj will sell one-third and Investors House Oyj will sell two-third of Apitare Oy.The debt-free transaction price for Apitare's entire share capital is €60 million, which will be paid at the closing of the transaction. The funds will be used to develop the Kukkulan area of Jyväskylä into an attractive district for about 2,500 residents.
Catella Property Oy acted as financial advisor to Investors House Oyj and Ovaro Kiinteistösijoitus Oyj in the transaction. New Risk • May 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 24% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Earnings are forecast to decline by an average of 24% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (93% cash payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (€33.5m market cap, or US$37.6m). Price Target Changed • May 13
Price target increased by 9.5% to €6.03 Up from €5.50, the current price target is an average from 2 analysts. New target price is 15% above last closing price of €5.26. Stock is down 1.9% over the past year. The company is forecast to post earnings per share of €0.38 for next year compared to €1.08 last year. Upcoming Dividend • Apr 04
Upcoming dividend of €0.35 per share Eligible shareholders must have bought the stock before 11 April 2025. Payment date: 23 April 2025. Payout ratio is a comfortable 32% but the company is paying out more than the cash it is generating. Trailing yield: 6.5%. Within top quartile of Finnish dividend payers (6.1%). Higher than average of industry peers (3.4%). New Risk • Feb 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 22% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Earnings are forecast to decline by an average of 22% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (104% cash payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (€34.5m market cap, or US$36.1m). Price Target Changed • Feb 11
Price target increased by 8.2% to €5.95 Up from €5.50, the current price target is an average from 2 analysts. New target price is 8.2% above last closing price of €5.50. Stock is up 7.0% over the past year. The company is forecast to post earnings per share of €1.26 for next year compared to €0.56 last year. Announcement • Dec 27
Investors House Oyj, Annual General Meeting, Apr 10, 2025 Investors House Oyj, Annual General Meeting, Apr 10, 2025. Reported Earnings • Nov 12
Third quarter 2024 earnings released: EPS: €0.14 (vs €0.08 in 3Q 2023) Third quarter 2024 results: EPS: €0.14 (up from €0.08 in 3Q 2023). Revenue: €2.43m (up 16% from 3Q 2023). Net income: €918.0k (up 76% from 3Q 2023). Profit margin: 38% (up from 25% in 3Q 2023). Revenue is expected to decline by 8.1% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Finland are expected to grow by 2.5%. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Nov 08
Now 23% overvalued The stock has been flat over the last 90 days, currently trading at €5.28. The fair value is estimated to be €4.29, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to decline by 65% in the next 2 years. Reported Earnings • Aug 16
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: €0.88 (up from €0.08 in 2Q 2023). Revenue: €3.08m (up 48% from 2Q 2023). Net income: €5.62m (up €5.10m from 2Q 2023). Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 87%. Revenue is expected to decline by 4.2% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Finland are expected to grow by 3.5%. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 16
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: €0.88 (up from €0.08 in 2Q 2023). Revenue: €3.08m (up 48% from 2Q 2023). Net income: €5.62m (up €5.10m from 2Q 2023). Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 87%. Revenue is expected to decline by 4.2% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Finland are expected to grow by 3.5%. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: €0.88 (vs €0.08 in 2Q 2023) Second quarter 2024 results: EPS: €0.88 (up from €0.08 in 2Q 2023). Revenue: €3.08m (up 48% from 2Q 2023). Net income: €5.62m (up €5.10m from 2Q 2023). Revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Finland are expected to grow by 3.5%. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: €0.88 (vs €0.08 in 2Q 2023) Second quarter 2024 results: EPS: €0.88 (up from €0.08 in 2Q 2023). Revenue: €3.08m (up 48% from 2Q 2023). Net income: €5.62m (up €5.10m from 2Q 2023). Revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Finland are expected to grow by 3.5%. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: €0.88 (vs €0.08 in 2Q 2023) Second quarter 2024 results: EPS: €0.88 (up from €0.08 in 2Q 2023). Revenue: €3.08m (up 48% from 2Q 2023). Net income: €5.62m (up €5.10m from 2Q 2023). Revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Finland are expected to grow by 3.5%. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: €0.88 (vs €0.08 in 2Q 2023) Second quarter 2024 results: EPS: €0.88 (up from €0.08 in 2Q 2023). Revenue: €3.08m (up 48% from 2Q 2023). Net income: €5.62m (up €5.10m from 2Q 2023). Revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Finland are expected to grow by 3.5%. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. New Risk • May 08
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 0.2% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.2% operating cash flow to total debt). Earnings are forecast to decline by an average of 14% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (dividend per share is over 28x cash flows per share). Large one-off items impacting financial results. Market cap is less than US$100m (€33.8m market cap, or US$36.3m). Reported Earnings • May 08
First quarter 2024 earnings released: EPS: €0.13 (vs €0.03 loss in 1Q 2023) First quarter 2024 results: EPS: €0.13 (up from €0.03 loss in 1Q 2023). Revenue: €1.64m (down 9.1% from 1Q 2023). Net income: €814.0k (up €992.0k from 1Q 2023). Profit margin: 50% (up from net loss in 1Q 2023). Revenue is expected to decline by 3.4% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Finland are expected to grow by 4.4%. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Director Vesa Lipsanen was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 12
Upcoming dividend of €0.33 per share Eligible shareholders must have bought the stock before 19 April 2024. Payment date: 29 April 2024. Payout ratio is a comfortable 59% but the company is paying out more than the cash it is generating. Trailing yield: 5.7%. Within top quartile of Finnish dividend payers (5.6%). Higher than average of industry peers (3.8%). Reported Earnings • Mar 16
Full year 2023 earnings released: EPS: €0.56 (vs €0.50 in FY 2022) Full year 2023 results: EPS: €0.56 (up from €0.50 in FY 2022). Revenue: €6.86m (down 16% from FY 2022). Net income: €3.56m (up 11% from FY 2022). Profit margin: 52% (up from 39% in FY 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Real Estate industry in Finland. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. New Risk • Feb 18
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 10% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 10% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Market cap is less than US$100m (€33.1m market cap, or US$35.7m). Reported Earnings • Nov 16
Third quarter 2023 earnings released: EPS: €0.08 (vs €0.04 in 3Q 2022) Third quarter 2023 results: EPS: €0.08 (up from €0.04 in 3Q 2022). Revenue: €1.65m (down 19% from 3Q 2022). Net income: €521.0k (up 114% from 3Q 2022). Profit margin: 32% (up from 12% in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 1.7% decline forecast for the Real Estate industry in Europe. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Major Estimate Revision • Nov 15
Consensus EPS estimates increase by 12%, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from €7.28m to €6.86m. EPS estimate rose from €0.605 to €0.678. Net income forecast to grow 31% next year vs 6.5% decline forecast for Real Estate industry in Finland. Consensus price target of €5.90 unchanged from last update. Share price rose 10% to €5.04 over the past week. Major Estimate Revision • Aug 18
Consensus EPS estimates increase by 20%, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from €8.41m to €7.66m. EPS estimate rose from €0.33 to €0.395. Net income forecast to shrink 38% next year vs 14% decline forecast for Real Estate industry in Finland. Consensus price target of €5.90 unchanged from last update. Share price was steady at €5.24 over the past week. Price Target Changed • Jul 18
Price target increased by 26% to €5.90 Up from €4.70, the current price target is provided by 1 analyst. New target price is 13% above last closing price of €5.20. Stock is up 0.4% over the past year. The company is forecast to post earnings per share of €0.33 for next year compared to €0.50 last year. Reported Earnings • May 21
First quarter 2023 earnings: EPS and revenues miss analyst expectations First quarter 2023 results: €0.03 loss per share (down from €0.03 profit in 1Q 2022). Revenue: €1.66m (down 14% from 1Q 2022). Net loss: €178.0k (down 211% from profit in 1Q 2022). Revenue missed analyst estimates by 13%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to stay flat during the next 3 years compared to a 5.4% growth forecast for the Real Estate industry in Finland. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Apr 21
Upcoming dividend of €0.16 per share at 5.7% yield Eligible shareholders must have bought the stock before 28 April 2023. Payment date: 09 May 2023. Payout ratio is a comfortable 62% but the company is not cash flow positive. Trailing yield: 5.7%. Within top quartile of Finnish dividend payers (5.0%). Higher than average of industry peers (3.9%). Price Target Changed • Mar 21
Price target increased by 13% to €5.30 Up from €4.70, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of €5.24. Stock is down 6.4% over the past year. The company is forecast to post earnings per share of €0.31 for next year compared to €0.50 last year. Reported Earnings • Feb 17
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: €0.50 (up from €0.10 loss in FY 2021). Revenue: €7.60m (down 35% from FY 2021). Net income: €3.21m (up €3.85m from FY 2021). Profit margin: 42% (up from net loss in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 29%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Real Estate industry in Finland. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 4% per year. Price Target Changed • Nov 18
Price target decreased to €4.70 Down from €5.20, the current price target is provided by 1 analyst. New target price is 7.8% below last closing price of €5.10. Stock is down 11% over the past year. The company is forecast to post earnings per share of €0.23 next year compared to a net loss per share of €0.10 last year. Reported Earnings • May 22
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: €0.03 (up from €0.07 loss in 1Q 2021). Revenue: €1.80m (down 11% from 1Q 2021). Net income: €161.0k (up €563.0k from 1Q 2021). Profit margin: 9.0% (up from net loss in 1Q 2021). Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 63%. Over the next year, revenue is expected to shrink by 31% compared to a 4.1% decline forecast for the industry in Finland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Price Target Changed • Apr 27
Price target decreased to €5.20 Down from €6.20, the current price target is an average from 2 analysts. New target price is 13% below last closing price of €5.96. Stock is up 1.0% over the past year. The company is forecast to post earnings per share of €0.38 next year compared to a net loss per share of €0.10 last year. Upcoming Dividend • Apr 21
Upcoming dividend of €0.15 per share Eligible shareholders must have bought the stock before 28 April 2022. Payment date: 06 May 2022. The company is not currently making a profit and its cash payout ratio is 77%. Trailing yield: 4.7%. Within top quartile of Finnish dividend payers (4.4%). Higher than average of industry peers (3.4%). Reported Earnings • Apr 06
Full year 2021 earnings released Full year 2021 results: Revenue: €11.6m (up 74% from FY 2020). Net loss: €632.0k (loss narrowed 71% from FY 2020). Over the next year, revenue is expected to shrink by 27% compared to a 3.2% growth forecast for the industry in Finland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance. Price Target Changed • Jan 26
Price target decreased to €5.20 Down from €6.10, the current price target is an average from 2 analysts. New target price is 12% below last closing price of €5.94. Stock is up 2.4% over the past year. The company is forecast to post earnings per share of €0.09 next year compared to a net loss per share of €0.37 last year. Upcoming Dividend • Jan 18
Upcoming dividend of €1.00 per share Eligible shareholders must have bought the stock before 25 January 2022. Payment date: 02 February 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.8%. Within top quartile of Finnish dividend payers (3.5%). Higher than average of industry peers (2.8%). Upcoming Dividend • Jan 18
Upcoming dividend of €1.00 per share Eligible shareholders must have bought the stock before 25 January 2022. Payment date: 02 February 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.8%. Within top quartile of Finnish dividend payers (3.5%). Higher than average of industry peers (2.8%). Reported Earnings • Nov 20
Third quarter 2021 earnings released The company reported a mediocre third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: €2.72m (up 42% from 3Q 2020). Net loss: €22.0k (down 114% from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Price Target Changed • Aug 19
Price target increased to €6.58 Up from €6.10, the current price target is an average from 2 analysts. New target price is 15% above last closing price of €5.70. Stock is up 0.9% over the past year. Announcement • Jun 01
Investors House Oyj (HLSE:INVEST) acquired remaining 50% stake in 45 apartments in Helsinki for €3.8 million on debt free basis. Investors House Oyj (HLSE:INVEST) acquired remaining 50% stake in 45 apartments in Helsinki for €3.75 million on debt free basis on May 31, 2021. The total purchase price is €0.75 million and debt-free purchase price is €3.75 million.
Investors House Oyj (HLSE:INVEST) completed the acquisition of remaining 50% stake in 45 apartments in Helsinki on May 31, 2021. Upcoming Dividend • Apr 20
Upcoming dividend of €0.14 per share Eligible shareholders must have bought the stock before 27 April 2021. Payment date: 05 May 2021. Trailing yield: 4.2%. Within top quartile of Finnish dividend payers (3.6%). Higher than average of industry peers (3.0%). Price Target Changed • Mar 25
Price target increased to €6.50 Up from €6.00, the current price target is an average from 2 analysts. New target price is 9.2% above last closing price of €5.95. Stock is up 22% over the past year. Analyst Estimate Surprise Post Earnings • Mar 09
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is expected to shrink by 24% compared to a 13% decline forecast for the Real Estate industry in Finland. Reported Earnings • Mar 09
Full year 2020 earnings released: €0.32 loss per share (vs €0.27 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €9.47m (down 13% from FY 2019). Net loss: €1.89m (down 214% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 77% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 02
New 90-day high: €6.10 The company is up 7.0% from its price of €5.70 on 02 December 2020. The Finnish market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.40 per share. Analyst Estimate Surprise Post Earnings • Dec 04
Revenue and earnings miss expectations Revenue missed analyst estimates by 7.6%. Earnings per share (EPS) also missed analyst estimates by 32%. Over the next year, revenue is expected to shrink by 25% compared to a 15% decline forecast for the Real Estate industry in Finland. Reported Earnings • Dec 03
Third quarter 2020 earnings released: EPS €0.03 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €1.46m (down 50% from 3Q 2019). Net income: €160.0k (down 74% from 3Q 2019). Profit margin: 11% (down from 21% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 70% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Dec 02
Analysts lower EPS estimates to €0.15 The 2020 consensus revenue estimate was lowered from €9.66m to €9.35m. Earning per share (EPS) estimate was also lowered from €0.42 to €0.15 for the same period. Net income is expected to grow by 61% next year compared to 21% decline forecast for the Real Estate industry in Finland. The consensus price target of €6.30 was unchanged from the last update. Share price is down by 4.2% to €5.70 over the past week. Is New 90 Day High Low • Nov 24
New 90-day high: €6.00 The company is up 3.0% from its price of €5.85 on 25 August 2020. The Finnish market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.90 per share. Major Estimate Revision • Oct 01
Analysts update estimates The 2020 consensus earning per share (EPS) estimate increased from €0.35 to €0.42. Revenue estimate for the same period was approximately flat at €9.66m. Net income is expected to grow by 126% next year compared to 21% decline forecast for the Real Estate industry in Finland. The consensus price target of €6.00 was unchanged from the last update. Share price stayed mostly flat at €5.50 over the past week. Is New 90 Day High Low • Sep 28
New 90-day low: €5.35 The company is down 2.0% from its price of €5.45 on 30 June 2020. The Finnish market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.85 per share.