We Think Lindex Group Oyj's (HEL:LINDEX) Healthy Earnings Might Be Conservative
Nov 01
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Finnish (OMX) General Merchandise and Department Stores Industry Analysis
UpdatedNov 24, 2025
DataAggregated Company Financials
Companies4
- 7D1.0%
- 3M-2.8%
- 1Y16.1%
- YTD7.9%
Over the last 7 days, the General Merchandise and Department Stores industry has remained flat, although notably Lindex Group Oyj declined by 3.7%. As for the the longer term, the industry is up 19% over the past 12 months. Earnings are forecast to grow by 15% annually.
Industry Valuation and Performance
Has the Finnish General Merchandise and Department Stores Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 25 Nov 2025 | €2.3b | €3.6b | €115.3m | 19.4x | 19.5x | 0.6x |
| Thu, 23 Oct 2025 | €2.4b | €3.5b | €109.6m | 27.2x | 21.7x | 0.7x |
| Sat, 20 Sep 2025 | €2.5b | €3.5b | €109.6m | 28.5x | 22.7x | 0.7x |
| Mon, 18 Aug 2025 | €2.3b | €3.5b | €105.0m | 27.3x | 21.9x | 0.7x |
| Wed, 16 Jul 2025 | €2.4b | €3.5b | €100.4m | 38.7x | 23.6x | 0.7x |
| Fri, 13 Jun 2025 | €2.4b | €3.5b | €100.4m | 38.2x | 23.5x | 0.7x |
| Sun, 11 May 2025 | €2.5b | €3.5b | €106.9m | 37.7x | 23.1x | 0.7x |
| Tue, 08 Apr 2025 | €2.1b | €3.5b | €108.7m | 18.6x | 19.2x | 0.6x |
| Thu, 06 Mar 2025 | €2.3b | €3.4b | €99.7m | 20.5x | 22.9x | 0.7x |
| Sat, 01 Feb 2025 | €2.2b | €3.4b | €88.3m | 20.6x | 25x | 0.6x |
| Mon, 30 Dec 2024 | €2.1b | €3.4b | €88.3m | 20.4x | 23.5x | 0.6x |
| Wed, 27 Nov 2024 | €1.9b | €3.4b | €88.3m | 18.2x | 21.6x | 0.6x |
| Fri, 25 Oct 2024 | €1.9b | €3.4b | €92.6m | 18.6x | 21x | 0.6x |
| Sun, 22 Sep 2024 | €2.0b | €3.4b | €92.6m | 19.3x | 21.2x | 0.6x |
| Tue, 20 Aug 2024 | €2.0b | €3.4b | €89.4m | 21.9x | 22.8x | 0.6x |
| Thu, 18 Jul 2024 | €2.2b | €3.3b | €103.2m | 25.7x | 21.4x | 0.7x |
| Sat, 15 Jun 2024 | €2.3b | €3.3b | €103.2m | 27.2x | 22x | 0.7x |
| Mon, 13 May 2024 | €2.4b | €3.2b | €111.0m | 26.8x | 21.3x | 0.7x |
| Wed, 10 Apr 2024 | €2.3b | €3.2b | €146.5m | 18.3x | 15.5x | 0.7x |
| Fri, 08 Mar 2024 | €2.3b | €3.0b | €143.8m | 18.9x | 15.7x | 0.7x |
| Sun, 04 Feb 2024 | €2.2b | €3.0b | €150.9m | 18.9x | 14.9x | 0.7x |
| Tue, 02 Jan 2024 | €2.2b | €3.0b | €150.9m | 18.2x | 14.5x | 0.7x |
| Thu, 30 Nov 2023 | €2.0b | €3.0b | €150.9m | 16.7x | 13.3x | 0.7x |
| Sat, 28 Oct 2023 | €1.8b | €3.0b | €146.3m | 15.1x | 12.5x | 0.6x |
| Mon, 25 Sep 2023 | €1.9b | €3.0b | €145.8m | 15.9x | 13.1x | 0.6x |
| Wed, 23 Aug 2023 | €1.8b | €3.0b | €143.5m | 15.4x | 12.8x | 0.6x |
| Fri, 21 Jul 2023 | €1.9b | €3.0b | €211.5m | 15.9x | 9x | 0.6x |
| Sun, 18 Jun 2023 | €1.8b | €3.0b | €210.3m | 12.7x | 8.4x | 0.6x |
| Tue, 16 May 2023 | €1.8b | €3.0b | €209.7m | 13x | 8.6x | 0.6x |
| Thu, 13 Apr 2023 | €1.8b | €3.0b | €195.7m | 14.5x | 9x | 0.6x |
| Sat, 11 Mar 2023 | €1.6b | €2.4b | €194.3m | 13.5x | 8.3x | 0.7x |
| Mon, 06 Feb 2023 | €1.6b | €2.4b | €240.9m | 11x | 6.6x | 0.7x |
| Wed, 04 Jan 2023 | €1.5b | €2.4b | €240.9m | 10.6x | 6.2x | 0.6x |
| Fri, 02 Dec 2022 | €1.5b | €2.4b | €240.9m | 12x | 6.4x | 0.6x |
Price to Earnings Ratio
6.4x
Current Industry PE
- Investors are optimistic on the Finnish Multiline Retail industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 19.5x which is higher than its 3-year average PE of 16.9x.
- The industry is trading close to its 3-year average PS ratio of 0.65x.
Past Earnings Growth
- The earnings for companies in the Multiline Retail industry have declined 22% per year over the last three years.
- Meanwhile revenues for these companies have grown 14% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Finnish Consumer Discretionary industry?
| FI Market | -2.54% | |
| Consumer Discretionary | -2.02% | |
| General Merchandise and Department Stores | 0.97% | |
| Broadline Retail | 0.97% | |
| Department Stores | 0% | 0 |
Industry PE
- Investors are most optimistic about the Broadline Retail industry, which is trading close to its 3-year average PE ratio of 18.1x.
- Analysts are expecting annual earnings growth of 14.5%, which is lower than the prior year's growth of 25.3% per year.
- Investors are most pessimistic about the Broadline Retail industry, which is trading close to its 3-year average of 18.1x.
Forecasted Growth
- Analysts are most optimistic on the Broadline Retail industry, expecting annual earnings growth of 15% over the next 5 years.
- However this is lower than its past earnings growth rate of 25% per year.
- In contrast, the Broadline Retail industry is expected to see its earnings grow by 15% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PUUILO Puuilo Oyj | €14.59 | 2.5% +€30.4m | 57.5% | PE23.4x | |
| TOKMAN Tokmanni Group Oyj | €7.09 | 1.9% +€7.6m | -39.9% | PE11.1x | |
| LINDEX Lindex Group Oyj | €2.75 | 0.2% +€820.2k | 12.5% | PE31.1x |