BST:KSLA

Stock Analysis Report

Executive Summary

Kesla Oyj, a machine engineering company, manufactures and markets forestry and material handling technology products in Finland and internationally.

Snowflake

Fundamentals

Excellent balance sheet and good value.

Share Price & News

How has Kesla Oyj's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.0%

KSLA

1.0%

DE Machinery

2.8%

DE Market


1 Year Return

18.6%

KSLA

-17.4%

DE Machinery

2.9%

DE Market

Return vs Industry: KSLA exceeded the German Machinery industry which returned -17.4% over the past year.

Return vs Market: KSLA exceeded the German Market which returned 2.9% over the past year.


Share holder returns

KSLAIndustryMarket
7 Day1.0%1.0%2.8%
30 Day-1.0%-6.2%-0.2%
90 Day10.9%-7.4%0.9%
1 Year22.9%18.6%-14.8%-17.4%6.2%2.9%
3 Year76.9%63.5%-19.6%-25.4%18.2%8.0%
5 Year34.7%23.0%19.9%5.8%43.1%23.6%

Price Volatility Vs. Market

How volatile is Kesla Oyj's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Kesla Oyj undervalued based on future cash flows and its price relative to the stock market?

48%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: KSLA (€5.1) is trading below our estimate of fair value (€9.85)

Significantly Undervalued: KSLA is trading below fair value by more than 20%.


Price Based on Earnings

PE vs Industry: KSLA is good value based on its PE Ratio (7.7x) compared to the Machinery industry average (14.3x).

PE vs Market: KSLA is good value based on its PE Ratio (7.7x) compared to the German market (19.7x).


Price Based on Expected Growth

Low PEG Ratio: KSLA's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price Based on Value of Assets

PB vs Industry: KSLA is overvalued based on its PB Ratio (1.4x) compared to the DE Machinery industry average (1.3x).


Next Steps

Future Growth

How is Kesla Oyj expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

-0.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: KSLA's earnings are forecast to decline over the next 3 years (-0.8% per year).

Earnings vs Market: KSLA's earnings are forecast to decline over the next 3 years (-0.8% per year).

High Growth Earnings: KSLA's earnings are forecast to decline over the next 3 years.

Revenue vs Market: KSLA's revenue (0.5% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: KSLA's revenue (0.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: Insufficient data to determine if KSLA's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Kesla Oyj performed over the past 5 years?

46.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: KSLA's earnings have grown significantly by 46% per year over the past 5 years.

Accelerating Growth: KSLA's earnings growth over the past year (69.1%) exceeds its 5-year average (46% per year).

Earnings vs Industry: KSLA earnings growth over the past year (69.1%) exceeded the Machinery industry -9.7%.


Return on Equity

High ROE: KSLA's Return on Equity (18.2%) is considered low.


Return on Assets

ROA vs Industry: KSLA has a higher Return on Assets than the Machinery industry average last year.


Return on Capital Employed

ROCE Improving: KSLA's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Kesla Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: KSLA's short term assets (€25.4M) exceeds its short term liabilities (€11.4M)

Long Term Liabilities: KSLA's short term assets (25.4M) exceeds its long term liabilities (10.0M)


Debt to Equity History and Analysis

Debt Level: KSLA's debt to equity ratio (89%) is considered high

Reducing Debt: KSLA's debt to equity ratio has reduced from 142.2% to 89% over the past 5 years.

Debt Coverage: KSLA's debt is well covered by operating cash flow (26.6%).

Interest Coverage: KSLA's interest payments on its debt are well covered by EBIT (11.9x coverage).


Balance Sheet

Inventory Level: KSLA has a high level of physical assets or inventory.

Debt Coverage by Assets: KSLA's debt is covered by short term assets (assets are 2.201680x debt).


Next Steps

Dividend

What is Kesla Oyj's current dividend yield, its reliability and sustainability?

3.77%

Expected Dividend Yield


Dividend Yield vs Market

company2.8%marketbottom25%1.5%markettop25%3.9%industryaverage2.4%forecastin3Years3.8%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: KSLA's dividend (2.83%) is higher than the bottom 25% of dividend payers in the German market (1.46%).

High Dividend: KSLA's dividend (2.83%) is low compared to the top 25% of dividend payers in the German market (3.86%).

Stable Dividend: KSLA's dividend payments have been volatile in the past 10 years.

Growing Dividend: KSLA's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (21.7%), KSLA's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: KSLA's dividends in 3 years are forecast to be well covered by earnings (30.6% payout ratio).


Next Steps

Management

What is the CEO of Kesla Oyj's salary, the management and board of directors tenure and is there insider trading?

4.8yrs

Average management tenure


CEO

Simo Saastamoinen (52yo)

4.5yrs

Tenure

0

Mr. Simo Saastamoinen serves as Chief Executive Officer and Managing Director of Kesla Oyj since April 08, 2015 and serves as its President. He served as Chief Financial Officer of Kesla Oyj since June 1, ...


Management Age and Tenure

4.8yrs

Average Tenure

45yo

Average Age

Experienced Management: KSLA's management team is considered experienced (4.8 years average tenure).


Board Age and Tenure

3.6yrs

Average Tenure

57yo

Average Age

Experienced Board: KSLA's board of directors are considered experienced (3.6 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Management Team

  • Simo Saastamoinen (52yo)

    President

    • Tenure: 4.5yrs
  • Mika Tahvanainen (45yo)

    Vice President of Marketing

    • Tenure: 7.8yrs
  • Sarita Kortelainen (38yo)

    Financial Manager

    • Tenure: 4.8yrs

Board Members

  • Olli Happonen (66yo)

    Director

    • Tenure: 2.8yrs
    • Compensation: €11.00k
  • Jouni Paajanen (52yo)

    Director

    • Tenure: 4.6yrs
    • Compensation: €15.00k
  • Veli-Matti Kärkkäinen (52yo)

    Chairman of the Board

    • Tenure: 5.6yrs
    • Compensation: €30.00k
  • Ari Virtanen (61yo)

    Director

    • Tenure: 3.6yrs
    • Compensation: €15.00k
  • Ritva Toivonen (57yo)

    Vice Chairman

    • Tenure: 2.8yrs
    • Compensation: €15.00k

Company Information

Kesla Oyj's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kesla Oyj
  • Ticker: KSLA
  • Exchange: BST
  • Founded: 1960
  • Industry: Agricultural and Farm Machinery
  • Sector: Capital Goods
  • Market Cap: €17.866m
  • Shares outstanding: 3.37m
  • Website: https://www.kesla.fi

Location

  • Kesla Oyj
  • Kuurnankatu 24
  • Joensuu
  • North Karelia
  • 80100
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KELASHLSE (OMX Nordic Exchange Helsinki)YesSeries A SharesFIEURAug 1992
KSLABST (Boerse-Stuttgart)YesSeries A SharesDEEURAug 1992
0EYYLSE (London Stock Exchange)YesSeries A SharesGBEURAug 1992
KELASHBATS-CHIXE (BATS 'Chi-X Europe')YesSeries A SharesGBEURAug 1992

Biography

Kesla Oyj, a machine engineering company, manufactures and markets forestry and material handling technology products in Finland and internationally. The company offers forest machine cranes, such as forwa ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 20:47
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

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