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Pihlajalinna Oyj

DB:38P
Snowflake Description

Moderate growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
38P
DB
€233M
Market Cap
  1. Home
  2. DE
  3. Healthcare
Company description

Pihlajalinna Oyj provides social and healthcare services for private persons, companies, insurance companies, municipalities, and hospital districts in Finland. The last earnings update was 7 days ago. More info.


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38P Share Price and Events
7 Day Returns
-1.7%
DB:38P
4.4%
DE Healthcare
1.8%
DE Market
1 Year Returns
-23.5%
DB:38P
-19.9%
DE Healthcare
-8.9%
DE Market
38P Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pihlajalinna Oyj (38P) -1.7% 0.4% 9.5% -23.5% -37.2% -
DE Healthcare 4.4% 3.1% 16.5% -19.9% -14.7% 36%
DE Market 1.8% 2.7% 7.2% -8.9% 9.3% 11.7%
1 Year Return vs Industry and Market
  • 38P underperformed the Healthcare industry which returned -19.9% over the past year.
  • 38P underperformed the Market in Germany which returned -8.9% over the past year.
Price Volatility
38P
Industry
5yr Volatility vs Market

38P Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Pihlajalinna Oyj to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Pihlajalinna Oyj.

DB:38P Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:38P
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.5%
Healthcare Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.733 (1 + (1- 20%) (54.35%))
1.035
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.035 * 6.51%)
6.96%

Discounted Cash Flow Calculation for DB:38P using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Pihlajalinna Oyj is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:38P DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.96%)
2019 19.70 Analyst x1 18.42
2020 22.43 Analyst x4 19.60
2021 25.87 Analyst x3 21.14
2022 26.90 Analyst x2 20.55
2023 26.70 Analyst x2 19.07
2024 26.58 Est @ -0.45% 17.75
2025 26.51 Est @ -0.25% 16.55
2026 26.48 Est @ -0.11% 15.46
2027 26.48 Est @ -0.01% 14.45
2028 26.50 Est @ 0.06% 13.52
Present value of next 10 years cash flows €176.49
DB:38P DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €26.50 × (1 + 0.23%) ÷ (6.96% – 0.23%)
€394.30
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €394.30 ÷ (1 + 6.96%)10
€201.12
DB:38P Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €176.49 + €201.12
€377.61
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €377.61 / 22.62
€16.5
DB:38P Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:38P represents 0.98831x of HLSE:PIHLIS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98831x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 16.69 x 0.98831
€16.50
Value per share (EUR) From above. €16.50
Current discount Discount to share price of €10.14
= -1 x (€10.14 - €16.50) / €16.50
38.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Pihlajalinna Oyj is available for.
Intrinsic value
39%
Share price is €10.14 vs Future cash flow value of €16.5
Current Discount Checks
For Pihlajalinna Oyj to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Pihlajalinna Oyj's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Pihlajalinna Oyj's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Pihlajalinna Oyj's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pihlajalinna Oyj's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:38P PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.17
HLSE:PIHLIS Share Price ** HLSE (2019-03-18) in EUR €10.26
Germany Healthcare Industry PE Ratio Median Figure of 10 Publicly-Listed Healthcare Companies 33.75x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 19.52x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Pihlajalinna Oyj.

DB:38P PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= HLSE:PIHLIS Share Price ÷ EPS (both in EUR)

= 10.26 ÷ 0.17

59.6x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pihlajalinna Oyj is overvalued based on earnings compared to the DE Healthcare industry average.
  • Pihlajalinna Oyj is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Pihlajalinna Oyj's expected growth come at a high price?
Raw Data
DB:38P PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 59.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
25.5%per year
Germany Healthcare Industry PEG Ratio Median Figure of 7 Publicly-Listed Healthcare Companies 1.15x
Germany Market PEG Ratio Median Figure of 275 Publicly-Listed Companies 1.42x

*Line of best fit is calculated by linear regression .

DB:38P PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 59.6x ÷ 25.5%

2.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pihlajalinna Oyj is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Pihlajalinna Oyj's assets?
Raw Data
DB:38P PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €5.39
HLSE:PIHLIS Share Price * HLSE (2019-03-18) in EUR €10.26
Germany Healthcare Industry PB Ratio Median Figure of 12 Publicly-Listed Healthcare Companies 1.51x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.76x
DB:38P PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= HLSE:PIHLIS Share Price ÷ Book Value per Share (both in EUR)

= 10.26 ÷ 5.39

1.9x

* Primary Listing of Pihlajalinna Oyj.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pihlajalinna Oyj is overvalued based on assets compared to the DE Healthcare industry average.
X
Value checks
We assess Pihlajalinna Oyj's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Healthcare industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Healthcare industry average (and greater than 0)? (1 check)
  5. Pihlajalinna Oyj has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

38P Future Performance

 How is Pihlajalinna Oyj expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
25.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pihlajalinna Oyj expected to grow at an attractive rate?
  • Pihlajalinna Oyj's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Pihlajalinna Oyj's earnings growth is expected to exceed the Germany market average.
  • Pihlajalinna Oyj's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:38P Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:38P Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 25.5%
DB:38P Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 3.1%
Germany Healthcare Industry Earnings Growth Rate Market Cap Weighted Average 2.9%
Germany Healthcare Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:38P Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:38P Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 574 49 1
2022-12-31 556 47 16 2
2021-12-31 534 43 18 3
2020-12-31 523 38 15 4
2019-12-31 511 38 14 5
DB:38P Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 488 27 4
2018-09-30 469 23 4
2018-06-30 452 24 3
2018-03-31 433 24 5
2017-12-31 424 35 10
2017-09-30 420 32 9
2017-06-30 414 37 9
2017-03-31 409 32 9
2016-12-31 399 32 8
2016-09-30 358 26 6
2016-06-30 315 18 5
2016-03-31 266 25 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pihlajalinna Oyj's earnings are expected to grow significantly at over 20% yearly.
  • Pihlajalinna Oyj's revenue is expected to grow by 3.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:38P Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Pihlajalinna Oyj Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:38P Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.71 0.71 0.71 1.00
2021-12-31 0.80 0.88 0.70 3.00
2020-12-31 0.65 0.72 0.61 4.00
2019-12-31 0.61 0.66 0.55 4.00
DB:38P Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.17
2018-09-30 0.16
2018-06-30 0.15
2018-03-31 0.24
2017-12-31 0.46
2017-09-30 0.46
2017-06-30 0.45
2017-03-31 0.45
2016-12-31 0.39
2016-09-30 0.31
2016-06-30 0.23
2016-03-31 0.11

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Pihlajalinna Oyj is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Pihlajalinna Oyj's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Pihlajalinna Oyj has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

38P Past Performance

  How has Pihlajalinna Oyj performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Pihlajalinna Oyj's growth in the last year to its industry (Healthcare).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Pihlajalinna Oyj has delivered over 20% year on year earnings growth in the past 5 years.
  • Pihlajalinna Oyj's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Pihlajalinna Oyj's 1-year earnings growth is negative, it can't be compared to the DE Healthcare industry average.
Earnings and Revenue History
Pihlajalinna Oyj's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Pihlajalinna Oyj Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:38P Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 487.76 3.83 21.48
2018-09-30 468.68 3.52 12.96
2018-06-30 451.78 3.12 12.96
2018-03-31 433.18 5.02 12.96
2017-12-31 423.98 9.52 12.96
2017-09-30 419.79 9.45 13.80
2017-06-30 414.39 9.35 13.80
2017-03-31 408.99 9.25 13.80
2016-12-31 399.09 8.05 13.80
2016-09-30 358.03 6.36 9.47
2016-06-30 314.93 4.66 9.47
2016-03-31 265.53 2.06 9.47
2015-12-31 213.33 0.46 9.47
2015-09-30 202.65 0.67 5.99
2015-06-30 184.35 0.17 5.99
2015-03-31 165.25 0.87 5.99
2014-12-31 148.85 1.47 5.99
2013-12-31 104.43 4.43 4.15
2012-12-31 47.25 1.12 2.19

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Pihlajalinna Oyj has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Pihlajalinna Oyj used its assets less efficiently than the DE Healthcare industry average last year based on Return on Assets.
  • Pihlajalinna Oyj has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Pihlajalinna Oyj's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Healthcare industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Pihlajalinna Oyj has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

38P Health

 How is Pihlajalinna Oyj's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Pihlajalinna Oyj's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pihlajalinna Oyj's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Pihlajalinna Oyj's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Pihlajalinna Oyj's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Pihlajalinna Oyj Company Filings, last reported 2 months ago.

DB:38P Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 131.16 126.38 36.32
2018-09-30 127.50 120.30 27.60
2018-06-30 123.50 116.30 27.40
2018-03-31 137.20 102.30 37.10
2017-12-31 105.86 71.24 37.07
2017-09-30 103.90 75.60 27.80
2017-06-30 103.50 62.40 27.00
2017-03-31 103.90 68.60 37.90
2016-12-31 101.01 49.66 27.54
2016-09-30 100.90 54.20 23.20
2016-06-30 98.50 58.60 19.40
2016-03-31 96.20 55.60 32.40
2015-12-31 93.45 38.86 15.33
2015-09-30 68.20 51.50 19.60
2015-06-30 67.10 60.90 32.60
2015-03-31 11.00 85.90 11.20
2014-12-31 10.36 82.53 10.96
2013-12-31 38.27 40.84 11.32
2012-12-31 29.61 46.73 7.85
  • Pihlajalinna Oyj's level of debt (96.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (107.2% vs 96.4% today).
  • Debt is well covered by operating cash flow (21.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6x coverage).
X
Financial health checks
We assess Pihlajalinna Oyj's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Pihlajalinna Oyj has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

38P Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.97%
Current annual income from Pihlajalinna Oyj dividends. Estimated to be 2.16% next year.
If you bought €2,000 of Pihlajalinna Oyj shares you are expected to receive €19 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Pihlajalinna Oyj's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.5%).
  • Pihlajalinna Oyj's dividend is below the markets top 25% of dividend payers in Germany (3.89%).
Upcoming dividend payment

Purchase Pihlajalinna Oyj on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:38P Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Germany Healthcare Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 1.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:38P Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.28 3.00
2020-12-31 0.22 4.00
2019-12-31 0.19 5.00
DB:38P Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-11 0.100 0.974
2018-03-13 0.160 1.467
2017-04-04 0.150 0.953
2016-03-11 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pihlajalinna Oyj has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Pihlajalinna Oyj has only been paying a dividend for 2 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Pihlajalinna Oyj's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.8x coverage).
X
Income/ dividend checks
We assess Pihlajalinna Oyj's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Pihlajalinna Oyj afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pihlajalinna Oyj has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

38P Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Joni Raimo Aaltonen
COMPENSATION €285,436
AGE 48
TENURE AS CEO 1.3 years
CEO Bio

Mr. Joni Raimo Mikael Aaltonen has been Director of VMP Oyj (Also known as VMP Group Oy; VMP Plc) since 2018. Mr. Aaltonen has been Chief Executive Officer of Pihlajalinna Oyj since December 11, 2017. Mr. Aaltonen served as Senior Vice President of Primary & Social Care Segment at Pihlajalinna Oyj from 2016 to December 11, 2017 and as its Head of Corporate Planning until December 11, 2017. Prior to that, Mr. Aaltonen served as a Head of Mergers and Acquisitions at Pihlajalinna Oyj. He served as the Chief Operating Officer of Pihlajalinna Oyj from 2015 to 2016 and served as its Chief Financial Officer from 2005 to 2008 and from 2008 to 2014. Mr. Aaltonen served as Vice President of Finance and Member of the Management Team at Cybercom Finland Oy. He served as KPMG Oy Ab's Auditor from 2001 to 2004. He served as Pihlajalinna Terveys Oy's Chief Financial Officer since 2015. He has been Director of Vendero Oy since 2013; Kemvit Oy since 2014 and Posa Oy since 2014. He holds BBA.

CEO Compensation
  • Joni Raimo's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Joni Raimo's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Pihlajalinna Oyj management team in years:

1
Average Tenure
48
Average Age
  • The average tenure for the Pihlajalinna Oyj management team is less than 2 years, this suggests a new team.
Management Team

Joni Raimo Aaltonen

TITLE
Chief Executive Officer
COMPENSATION
€285K
AGE
48
TENURE
1.3 yrs

Ville Lehtonen

TITLE
Chief Financial Officer
AGE
37
TENURE
1.3 yrs

Taina Erkkilä

TITLE
Head of Communications & IR
TENURE
0.2 yrs

Marko Savolainen

TITLE
General Counsel
TENURE
0.3 yrs

Pauli Waroma

TITLE
Head of Marketing & Communications
AGE
40
TENURE
0.3 yrs

Stefan Wentjärvi

TITLE
Head of Sales & Head of Business Operations - Northern Finland
TENURE
0.5 yrs

Minna Elomaa

TITLE
Head of Business Operations
AGE
49
TENURE
2.2 yrs

Tero Järvinen

TITLE
Head of Business Operations
AGE
46
TENURE
1 yrs

Teija Kulmala

TITLE
Head of Business Operations
AGE
49
TENURE
1 yrs

Sanna Määttänen

TITLE
Head of Service & Product Development
AGE
51
Board of Directors Tenure

Average tenure and age of the Pihlajalinna Oyj board of directors in years:

2.9
Average Tenure
55
Average Age
  • The average tenure for the Pihlajalinna Oyj board of directors is less than 3 years, this suggests a new board.
Board of Directors

Mikko Wirén

TITLE
Chairman of the Board
COMPENSATION
€259K
AGE
46
TENURE
2.6 yrs

Matti Bergendahl

TITLE
Vice Chairman
COMPENSATION
€45K
AGE
52
TENURE
1.2 yrs

Seija Turunen

TITLE
Independent Director
COMPENSATION
€38K
AGE
65
TENURE
3.2 yrs

Leena Niemistö

TITLE
Independent Director
COMPENSATION
€44K
AGE
55
TENURE
5.2 yrs

Jari Sundström

TITLE
Independent Director
COMPENSATION
€36K
AGE
58
TENURE
4.2 yrs

Timo Everi

TITLE
Independent Director
COMPENSATION
€37K
AGE
55
TENURE
3.2 yrs

Kati Sulin

TITLE
Independent Director
COMPENSATION
€29K
AGE
44
TENURE
0.9 yrs

Gunvor Kronman

TITLE
Independent Director
COMPENSATION
€28K
AGE
55
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Pihlajalinna Oyj's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Pihlajalinna Oyj has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

38P News

Simply Wall St News

38P Company Info

Description

Pihlajalinna Oyj provides social and healthcare services for private persons, companies, insurance companies, municipalities, and hospital districts in Finland. It operates in two segments, Private Clinics and Specialised Care; and Primary and Social Care. The Private Clinics and Specialised Care segment provides general and specialist medical consultation, diagnostic, occupational healthcare, oral healthcare, surgical, and rehabilitation services. The Primary and Social Care segment offers care, primary healthcare and social care outsourcing, health center outsourcing, and staffing services. The company was founded in 2001 and is headquartered in Tampere, Finland.

Details
Name: Pihlajalinna Oyj
38P
Exchange: DB
Founded: 2001
€232,534,987
22,620,135
Website: http://www.pihlajalinna.fi
Address: Pihlajalinna Oyj
Kehräsaari B,
Tampere,
Pirkanmaa, 33200,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE PIHLIS Share Capital OMX Nordic Exchange Helsinki FI EUR 04. Jun 2015
OTCPK PIHL.F Share Capital Pink Sheets LLC US USD 04. Jun 2015
DB 38P Share Capital Deutsche Boerse AG DE EUR 04. Jun 2015
LSE 0R8H Share Capital London Stock Exchange GB EUR 04. Jun 2015
Number of employees
Current staff
Staff numbers
5,850
Pihlajalinna Oyj employees.
Industry
Health Care Services
Healthcare
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 21:46
End of day share price update: 2019/03/18 00:00
Last estimates confirmation: 2019/03/07
Last earnings filing: 2019/03/11
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.